Antimicrobial Packaging Market Overview
Antimicrobial Packaging Market size is projected to grow from USD 10.5 Billion in 2023 to USD 16 Billion by 2030, at a CAGR of 5.00% during the forecast period (2023 – 2030).
Various factors are fuelling the global Antimicrobial Packaging Market As per the current Market Research Future market estimates, such factors include the growing awareness about consumer health & longer shelf life of products, growth in population, increasing disposable income, large consumption of packaged food products owing to instant preparatory methods, rising consumer demand for products that are minimally processed, preservative-free, and perishable, the need to increase the products shelf life, growing concerns towards food wastage, and surging consumer awareness about health-related issues. The additional factors adding market growth include rising consumption of products that have shorter shelf life like meat products, growing need by different end user industries like agricultural products, consumer goods, personal care, healthcare, and food and beverage, rapid urbanization, demand for better quality products, rise in foodborne and infectious disease, increasing use during the COVID-19 pandemic, and rise in cognizance about health related issues owing to food spoilage.
The global antimicrobial packaging market is a growing industry, driven by the increasing demand for safe and high-quality products, the need for efficient and cost-effective packaging solutions, and the rising concerns about food safety and hygiene. The market is expected to continue to grow in the coming years, as more companies adopt antimicrobial packaging solutions to address these challenges.
One of the key advantages of antimicrobial packaging is its ability to extend the shelf life of perishable products. By inhibiting the growth of microorganisms, antimicrobial packaging can help to maintain the quality and freshness of food and beverage products for longer periods, reducing waste and promoting sustainability.
Additionally, antimicrobial packaging can help to reduce the risk of foodborne illnesses by preventing the growth of harmful bacteria, such as E. coli and Salmonella. This is particularly important in the healthcare industry, where medical supplies and devices need to be stored and transported under hygienic conditions.
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In conclusion, the antimicrobial packaging market is a dynamic and growing industry, driven by the increasing demand for safe and high-quality products, and the need for efficient and cost-effective packaging solutions. With its ability to extend shelf life and prevent the growth of harmful microorganisms, antimicrobial packaging is a valuable tool for many different industries.
Market Segmentation
The Market Research Future report throws light on an inclusive segmental analysis of the global Antimicrobial Packaging Market based on material, type, and application.
By material, the global Antimicrobial Packaging Market is segmented into paper and paperboard, plastic, and others. Of these, the plastic segment will lead the market over the forecast period.
By type, the global Antimicrobial Packaging Market is segmented into carton packages, pouches, bags, and others. Of these, pouches will dominate the market over the forecast period.
By application, the global Antimicrobial Packaging Market is segmented into personal care, healthcare, food and beverage, and others. Among these, food and beverage segment will spearhead the market over the forecast period.
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Regional Analysis
By region, the global Antimicrobial Packaging Market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW). Among these, the APAC region will have the lions share in the market over the forecast period. Growing need for healthy products to cater to the increasing population, increasingly hectic lifestyle of the working class, consumers demand towards packaged and convenience foods and beverages, growing need for food among adults and youths, increasing prevalence of diseases, and the presence of emerging nations like China and India are adding to the global Antimicrobial Packaging Market growth in the region.
In Europe, the global Antimicrobial Packaging Market is predicted to hold the second-largest share over the forecast period. The use of recycled material and the emergence of eco-friendly packaging technologies are adding to the global Antimicrobial Packaging Market growth in the region.
In North America, the global Antimicrobial Packaging Market is predicted to have favorable growth over the forecast period for the increasing consumption of antimicrobial packaging.
In RoW, the global Antimicrobial Packaging Market is predicted to have stable growth over the forecast period.
Key Players
The notable players profiled in the global Antimicrobial Packaging Market report include BASF SE., The Dow Chemical Company, Mondi Plc, PolyOne Corporation, Biocote Limited, Dunmore Corporation, Linpac Senior Holdings, Avient Corporation, Oplon Pure Sciences Ltd. and Takex Labo Co. Ltd
Antimicrobial Packaging Industry Development
June 2022: Confoil and BASF announced their strategic collaboration to develop a certified compostable dual ovenable paper tray for packaging ready-to-eat meals.
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