The market is expected to generate an incremental $ opportunity of US$ 4,332.76 Mn between 2022 and 2032
Category: Packaging Published Date : October 2022 ID: CVC-00277 Format: PDF Pages: 340
Antimicrobial Packaging Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Antimicrobial Packaging Market was worth US$ 8,761.2 Mn and is expected to grow at a CAGR of 4.1% over the forecast period. While the historical CAGR is 4.7%, the market is expected to hit US$ 13,094.0 Mn by 2032 end.
Antimicrobial packaging is specially created packaging that works to prevent the growth of bacteria and other pathogens. It increases the product’s shelf life by suppressing pathogenic development. Paperboard, plastic, biopolymers, and other materials are used to make these packaging materials. Antimicrobial packaging also makes use of two different packaging technologies.
One of these is known as controlled release, which involves the packaging material slowly releasing chemicals into the food it contains. The other is active packaging, which introduces antimicrobial compounds into the food. The bacteriocins, organic acids, enzymes, and plant extracts are also used as antimicrobial agents in this package. Cartons, pouches, and bags are additional packaging materials utilized in antimicrobial packaging.
DEMAND FOR PACKAGED FOOD IS BOOSTING THE DEMAND IN THE ANTIMICROBIAL PACKAGING MARKET
Due to a rise in global disposable income, packaged food demand is increasing. This is increasing the market’s demand for antimicrobial packaging. Additionally, packaged food has always posed a serious health risk, which is why governments worldwide have set numerous laws.
The food processing industry makes significant investments in creating healthier packaging techniques to comply with these legal criteria. As a result, there is a rising need for antimicrobial packaging. One of the largest end consumers of antimicrobial packaging is the healthcare sector. Furthermore, the healthcare sector has expanded dramatically in recent years, increasing the demand for antimicrobial packaging.
RAW MATERIALS COST FLUCTUATIONS RESTRAINS THE MARKET
One of the restraints on the market’s expansion is the variation in the price of raw materials required to make antimicrobial packaging. On the other hand, technical innovations in antimicrobial packaging items, such as improvements in biopolymers and biodegradable packaging materials, are anticipated to increase the packaging’s microbial resistance. This is predicted to produce profitable prospects for expanding the antimicrobial packaging market during the forecast period.
THE MANY END-USER SECTORS ARE BETTER SUITED FOR THE VARIOUS KINDS OF ANTIMICROBIAL PACKAGING
The numerous end-user industries, such as the food and beverage, pharmaceutical, and medical equipment sectors, are better suited for the various types of customizable antimicrobial packaging, such as pouches and cartons. In addition, new packaging innovations such as trays, bags, cups, cans, blister packs, and many more are opening up a wide range of opportunities for the antimicrobial packaging sector.
Expanding end-user sectors, including food and beverage, consumer goods, personal care, healthcare, consumer goods, agricultural products, and many others, will generate lucrative opportunities for the antimicrobial packaging market throughout the expected time frame. The antimicrobial packaging market is rising thanks to these factors and the expanding e-commerce sector.
Market Segments Covered in Report
By Base Material:
By Pack Type:
By Antimicrobial Agent:
By End-Use Industry:
By Region and Country:
Why are plastics projected to ensure the most revenue during the forecast period?
In 2021, 65.5% of the total volume used as the foundation for antimicrobial packaging was made of plastic. Biopolymers are anticipated to experience the most growth during the forecast period, with a 6.5% increase because of their favorable physical, mechanical, and chemical properties. They are recognized as having advantages for digesting waste as well.
Why is the food & beverages sector expected to expand the fastest during the forecast period?
Applications related to food and drink accounted for 47.0% of the market’s total volume in 2021. Due to stringent regulations addressing food safety in numerous regional markets, the industry has grown more prominent.
The category is expected to grow at the fastest pace during the projected period, 5.6%. Furthermore, controlled-release packaging technology is becoming increasingly important because of its perfect performance in applications for food packaging.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Due to the entry of new businesses and changing customer needs, the antimicrobial packaging market will experience fierce competition in the years to come. The abundance of small and medium-sized firms and influential international organizations may exacerbate market rivalry.
Some of the key developments that have taken place in the Antimicrobial Packaging Market include the following:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Base Material, Pack Type, Antimicrobial Agent, Technology, End-Use Industry, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|