A recent report published by Infinium Global Research on the antimicrobial packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional antimicrobial packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional antimicrobial packaging 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 packaging market. According to the report, the global antimicrobial packaging market is projected to grow at a CAGR of 5.50% over the forecast period of 2020-2026.
Antimicrobial packaging is majorly used to control microbial growth in packaged food and other products. Many consumers demand food products with fewer preservatives. Antimicrobial packaging is the deliberate incorporation of antimicrobial substances in packaging for release from the package into the environment surrounding the packaged food. The antimicrobial packaging system suppresses the activities of microorganisms that contaminate foods. The antimicrobial activity is basically achieved by adding antimicrobial agents in the packaging material to prevent the growth of microbes by extending the lag period and decreasing live counts of microorganisms by reducing growth rate. The antimicrobial packaging system is specifically designed to control the microorganisms that adversely affect the shelf life, quality, and assurance of the safety of the food product. Apart from food and beverage, antimicrobial packaging has found its application in other industry verticals including healthcare, personal care, and homecare.
The growing concerns regarding food wastage are majorly driving the market. A large proportion of food gets spoiled during the food supply chain, especially before making it to the plate of final consumers. Antimicrobial packaging is specifically designed to control the microorganisms that adversely affect the shelf life, quality, and assurance of the safety of the food product. Moreover, the rise in consumer awareness about foodborne diseases is augmenting the market growth. Foodborne diseases are one of the main causes of morbidity and mortality across the world. As the governments and the people across the world are becoming aware of foodborne diseases, the adoption of antimicrobial packaging is expected to increase. However, the negative impact of antimicrobial materials on the environment is majorly hampering the market growth. A large amount of the wastes and emissions from antimicrobial packaging harms the environment and the people within it. On the other hand, the demand for antimicrobial packaging from the healthcare sector is growing over the forecast period. Several players in the antimicrobial packaging market are offering products for the healthcare industry. Development and marketing of such products are anticipated to offer favorable opportunities for the market players and drive the market further in the future.
Among the geographies, the Asia Pacific region is the dominant region in the antimicrobial packaging market. Healthy packaged food continues to gain popularity in China The government and many major manufacturers of packaged food are investing in consumer education campaigns to highlight the importance of healthy eating habits. Europe accounted for the largest market of food coating ingredients for bakery and confectionery products. In North America, people are more centric towards adopting safety packaging to avoid food contaminated with bacteria, viruses, parasites, or toxins. This provides a growing demand for the microbial packaging market in North America.
The report on the global antimicrobial packaging market covers segments such as material, packaging type, antimicrobial agents, and end user. On the basis of material, the sub-markets include plastics, biopolymer, paperboard, and others. On the basis of packaging type, the sub-markets include pouches, bags, carton, and others. On the basis of antimicrobial agents, the sub-markets include organic acid, bacteriocins, enzymes, essential oil, metal ions & oxidizers, and others. On the basis of end user, the sub-markets include healthcare, food & beverages, personal care, and others.
The report provides profiles of the companies in the market such as Competitive Scenario, The Dow Chemical Company, Polyone Corporation, Dunmore Corporation, Microban International, Takex Labo Co. Ltd., Basf Se, Mondi Plc, Biocote Limited, and Linpac Senior Holdings.
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 packaging market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. 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.
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