Antimicrobial Packaging Market Projected to Experience Strong Growth in the Coming Years| MarketsandMarkets™ Report

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Antimicrobial Packaging Market Projected to Experience Strong Growth in the Coming Years| MarketsandMarkets™ Report

May 18
02:54 2023
Antimicrobial Packaging Market Projected to Experience Strong Growth in the Coming Years| MarketsandMarkets™ Report
Browse 275 market data Tables and 63 Figures spread through 294 Pages and in-depth TOC on “Antimicrobial Packaging Market”
The Antimicrobial Packaging Market is witnessing significant growth globally, with regional variations. North America, Europe, and Asia Pacific lead in market size, driven by increasing awareness of food safety and demand for extended shelf life.

According to MarketsandMarkets projects that the global antimicrobial packaging market size will grow from USD 7.28 billion in 2015 to USD 10.00 billion by 2021, at a CAGR of 5.54%. Antimicrobial packaging solutions are used in food & beverages, healthcare, personal care, consumer durables, and agricultural goods industries. Food & beverages leads the market with the highest CAGR. The reason this segment leads the market is because food & beverage products are perishable and have a very less shelf life. Apart from this, consumers are also concerned about their health and the hazards that food contamination can have on them. Thus, as antimicrobial packaging solutions have properties that improve the shelf life of the products without compromising on quality standards, it has become the most sort-after packaging solution for food & beverage products. 

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The controlled release packaging technology is projected to grow the fastest during the forecast period. 

There are two types of antimicrobial packaging technologies, namely, controlled release packaging and active packaging. Out of this, the controlled release packaging technology segment is projected to be the fastest-growing technology from 2016 to 2021. Controlled release packaging utilizes packaging as a delivery vehicle to efficiently bring the actives in specifically controlled rates over prolonged periods to the product to further improve its quality and safety. 

Pouches as a pack type is projected to grow at the fastest rate from 2016 to 2021

The pack type segment has various types such as pouches, bags, trays, carton packages, cups & lids, cans, and blister packs. The pouches market is projected to witness the highest growth rate during the forecast period as they can be used for various applications. They can efficiently be used by the food & beverages, personal care, healthcare, and other application industries to package their products. 

Bacteriocins as an antimicrobial agent is expected to grow at the fastest rate from 2016 to 2021

There are various types of antimicrobial agents that are widely used such as organic acids, bacteriocins, enzymes, essential oils, metal ions & oxidizers, gas, fungicides, natural extracts, and antibiotics. Bacteriocins is projected to lead the market with the highest growth rate as they have been considered to have very good antimicrobial characteristics. 

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Asia-Pacific region is expected to grow at the fastest rate from 2016 to 2021

The global markets are projected to witness high growth based on the growing demand from end-user industries such as food & beverage. This growth would be driven by the Asia-Pacific markets which would witness the highest growth during the forecast period. High growth potential in the emerging markets of Asia-Pacific such as China and India is expected to provide new growth opportunities to players in the antimicrobial packaging market. In 2015, Asia-Pacific accounted for the largest share in the global antimicrobial packaging market, by volume, with China being the fastest-growing market in this region. This was followed by North America, Europe, and Rest of the World. 

Plastics as a base material is expected to grow at the fastest rate from 2016 to 2021

According to base material, the market for antimicrobial packaging is segmented into plastics, biopolymer, paper & paperboard, and others. Plastics is further segmented into polyethylene (PE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and others. The plastics segment is projected to grow at the highest rate, owing to its increased consumption as it being light weight and cost effective, whereas the biopolymer segment is projected to grow with the second-highest CAGR.

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The global market for antimicrobial packaging is dominated by players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Mondi Plc (South Africa), PolyOne Corporation (U.S.), Biocote Limited (U.K.), Dunmore Corporation (U.S.), Linpac Senior Holdings (U.K.), Microban International (U.S.), Oplon Pure Sciences Ltd. (Israel), and Takex Labo Co. Ltd.

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