Antimicrobial Food Packaging Additives Market (Type - Organic Acids, Fungicides, Parabens, Essential Oils, and Others; Application - Baby Food, Fresh Food, Bakery and Confectionery, Snacks, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on 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, forecast 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 about 8% over the forecast period of 2022-2028.

Market Insight

The revenue generated by the market was over USD 2 billion in 2022 and is expected to reach about 4 billion in 2028. 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 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 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 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, and application. On the basis of type, the sub-markets include organic acids, fungicides, parabens, essential oils, and others. On the basis of application, the sub-markets include baby food, fresh food, bakery and confectionery, snacks, 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 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.