After losing the first leg of their European play-off 1-0 to Sweden in Stockholm, Italy needed a winning performance back at a sold-out San Siro in Milan.
Italy has failed to qualify for the 2018 World Cup - the first time the country has not reached the final stages of the soccer tournament since 1958 - and only the second time in their history.
Jakob Johanssen's deflected goal from the first leg was enough for Sweden to qualify for the tournament in Russian Federation, leaving the retiring Gianluigi Buffon in tears after his final appearance for his country.
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Ibrahimovic, who has retired from worldwide football, posted a picture of a jubilant Sweden celebrating on the pitch. "A World Cup without Italia is like pizza without cheese". I have to evaluate an infinity of things. After the match, he said: "I have not resigned because I haven't spoken to the president yet. I'm proud to have met you and to have faced you many times".
"I absolutely apologise for the result but not for the effort we put in or our desire to win", said Ventura, whose deadpan style could not be further removed from the high-energy approach of his predecessor Antonio Conte. "We couldn't do it in any other way, they are so skilful".
"But what is sure is that the shock will be even worse for my father. There can't be scapegoats", said the 39-year-old player.
Another Rome resident Enrico Doddi summed up the national disappointment, saying: "You can not have a good World Cup without Italy".
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Ventura, who is under contract until 2020, apologised after the match but the 69-year-old stopped short of resigning.
Despite the veteran keeper managing to keep a clean sheet, his team mates were unable to score the goals required to overturn a 1-0 deficit from the first leg.
Ventura had made changes from Friday's defeat with Brazil-born Jorginho making his Italy debut and Alessandro Florenzi and Manolo Gabbiadini also handed starts, although Napoli's in-form winger Lorenzo Insigne was again left on the bench.
With Italy searching for a vital goal, television cameras captured a member of Ventura's backroom staff telling De Rossi to warm up.
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"I hope Sweden has a top-level World Cup, given that they were at the level of stopping Italy from qualifying", Angelelli said.