Global MA packaging market: Air Products PLC a key player

Press Release   •   Aug 08, 2013 09:23 BST

The global MA packaging market (modified atmosphere) and CA packaging industry (controlled atmosphere) is forecast to grow to a value of around $10.8 billion by the end of 2013.

Although recent economic turmoil has put its stamp over many industries worldwide, the MAP & CAP industry continues to be robust and in many countries is expected to exhibit strong growth prospects. Developed nations are experiencing a saturated state at the moment, in terms of MAP & CAP, but this can be seen as a great opportunity for many companies to introduce sophisticated, value-added new product developments. In emerging economies, however, a progressive above-average growth rate is expected.

One of the key players in the global MA packaging market is Air Products PLC. Air Products PLC operates in the industrial, energy, healthcare and technology sectors with a portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. The company had more than 21.300 employees around the world as of September 2013 and operations in more than 50 countries. The Chairman, President and CEO is John E. McGlade. As of 2012, sales of $9.6bn were recorded, with total equity of $6.6bn. Air Products was established in Detroit, Michigan in 1940 by Leonard Parker Pool and was based on the idea of producing and selling industrial gases. The company's USP was a reduction in distribution costs by building the gas generating facilities adjacent to large volume users.

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