A recent
report published by Infinium Global Research on the antimicrobial food
packaging additives market provides in-depth analysis of segments and
sub-segments in the global as well as regional antimicrobial food packaging
additives market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional antimicrobial food packaging
additives market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global antimicrobial
food packaging additives market. According to the report, the global
antimicrobial food packaging additives market is projected to grow at a CAGR of
8% over the forecast period of 2022-2028. The revenue generated by the
antimicrobial food packaging additives market was approximately USD 2 billion
in 2022 and is expected to reach approximately USD 4 billion in 2028.
Market Insight
The global
antimicrobial food packaging additives market is projected to register a CAGR
of 8% during the forecast period. Antimicrobials are any substance or materials
infused with antimicrobial agents and additives to prevent the growth of
infection and fever-causing microorganisms such as bacteria, fungi, algae,
yeasts, mildew, and other parasites. The growth of microorganisms on untreated
particles causes discoloration, unpleasant odors, and polymer degradation
issues. The use of antimicrobial additives inhibits the growth of these
microorganisms in the end products. Antimicrobial additives offer enhanced
properties such as high dimensional stability, heat & chemical resistance,
and chemical stability. The antimicrobial food packaging additives market is
segments based on type (Organic, Inorganic), application (plastic, paints &
coatings, pulp & paper, others), and end-use industry (healthcare,
packaging, food & beverage, construction, automotive, others). The demand
for non-toxic plastics with enhanced features such as high antimicrobial
activity, hardness, durability, and transparency, is increasing. So, the
increasing demand for new and innovative products leads to technological and
product innovation.
COVID-19 was
an incomparable global public health emergency that has affected almost every
industry and is projected to impact these various industry growths during the
forecast period. During the Covid-19, pandemic people were compelled to stay in
their homes. The governments of many countries in the world turned their focus
to healthcare from other industries. This significantly disrupted their supply
chain operations and manufacturing as lockdowns were imposed by the respective
governments. Manufacturing facilities were all shut down due to the pandemic in
almost every country across the globe. Due to the pandemic, several industries
including antimicrobial food packaging additives were adversely negatively
affected. Logistical restrictions, manpower shortage, material unavailability,
and other restrictions had reduced the growth of the industry. The pandemic has
affected the normal production of companies. The COVID-19 pandemic has created
instability in the antimicrobial food packaging additives market across the
globe. However, the market is now estimated to have reached pre-pandemic levels
and is expected to grow steadily during the forecast period.
The report
identified that the global antimicrobial food packaging additives market is
driven by factors such as massive growth in the packaged food industry and
beverages industry as well as commercial application of antimicrobial additives
in the food packaging industry. On the other hand, the restraining factor
identified in the study includes fluctuating prices of raw materials that
likely limit the market growth. Increasing demand for packaging technologies
that increase the shelf life of food products coupled with technological
reforms in the packaging industry provides growth opportunities to leading
players in this market. Lack of awareness about antimicrobial additives is
likely to create more challenges, as health-conscious consumers are expected to
misinterpret antimicrobial additives as food additives are harmful to human
health.
The report
provides a regional outlook covering geographies such as North America, Europe,
Asia-Pacific, and the Rest of the World. Asia-Pacific holds the command over
the global antimicrobial food packaging additives market and is expected to
dominate the overall market during the forecast period. APAC is an emerging
market for antimicrobial food packaging additives market, and it is mainly
attributed to the high economic growth rate, followed by heavy investment in
the healthcare, packaging, and automotive industries. With economic constraints
and saturation in the European and North American markets, demand is shifting
to the Asia-Pacific region. Growing demand and policies like emission control
and the use of environmentally friendly products have led to innovation in the
plastics industry of the region, making it a plastic hub, globally.
Segment Covered
The report
on the global antimicrobial food packaging additives market covers segments
such as type, application, and end-user. On the basis of type, the sub-markets
include organic, and inorganic. On the basis of application, the sub-markets
include plastic, paints & coatings, pulp & paper, and others. On the
basis of end-user, the sub-markets include healthcare, packaging, food &
beverage, construction, automotive, and others.
Companies Profiled:
The report
provides profiles of the companies in the market such as DuPont De Nemours,
Microban International, Sanitized AG, LyondellBasell, Avient Corporation,
Biocote, Milliken Chemical, BASF SE, AkzoNobel, and Others.
Report Highlights:
The report provides
deep insights into the demand forecasts, market trends, and micro and macro
indicators. In addition, this report provides insights into the factors that
are driving and restraining the growth in this market. Moreover, The IGR-Growth
Matrix analysis given in the report brings an insight into the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter's five forces analysis
and DRO analysis of the antimicrobial food packaging additives market.
Moreover, the study highlights current market trends and provides forecast from
2022-2028. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.