The report “Antimicrobial Packaging Market by Base Material (Plastics, Biopolymer, Paperboard, Others), Antimicrobial Agents (Organic acid, Bacteriocins, Others), Technology (Controlled release, Active), Pack Type (Bags, Pouches, Others), Application – Forecast to 2021″, The antimicrobial packaging market size is projected to grow from USD 7.28 Billion in 2015 to USD 10.00 Billion by 2021, at a CAGR of 5.54%.
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Antimicrobial packaging solutions are used in various industries due to their utility. The antimicrobial packaging solutions offer various advantages such as maintaining the quality of the products, increasing the shelf-life of the commodity, and keeping them fresh. These are some of the main reasons which have led to the increase in the share of antimicrobial packaging in the packaging industry. The major industries having a healthy demand for antimicrobial packaging are food & beverages, healthcare, personal care, consumer goods, and agricultural products. The food & beverages industry, for a long time, has been the major contributor to the rising demand for antimicrobial packaging. But in recent times, this has been closely competed by other industries such as healthcare.
The rising concerns toward food wastage, growing consumer awareness about health-related issues, rising consumption of products with shorter shelf life such as meat products, and increasing demand by various end-user industries such as food & beverage, healthcare, personal care, consumer goods, and agricultural products are the major factors driving the growth of the antimicrobial packaging market. Additionally, with rapid urbanization and demand for better quality products across the globe, there is a rapidly increasing need for antimicrobial packaging. Healthcare is the next application to play a key role in changing the antimicrobial packaging landscape and is projected to grow at the highest rate.
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Asia-Pacific is projected to have the largest market share and dominate the antimicrobial packaging market. Asia-Pacific offers potential growth opportunities, as developing countries such as China and India are projected to be emerging markets, making this region also the fastest-growing market for antimicrobial packaging. The growth of the antimicrobial packaging market in this region is propelled by factors such as the growth of the food & beverage, healthcare, personal care, consumer goods, and agricultural products industry. Also growing population and economic development are other factors.
The market ecosystem includes various stakeholders involved in the supply chain of the antimicrobial packaging industry starting from raw materials suppliers, research & development, manufacturing, and the assembly team. After this, the marketing and sales of the finished products take place which is only possible if an efficient distribution channel is developed. Finally, the end-products are made available to the consumers. The global market for antimicrobial packaging is dominated by players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Mondi Plc (South Africa), PolyOne Corporation (U.S.), Biocote Limited (U.K.), Dunmore Corporation (U.S.), Linpac Senior Holdings (U.K.), Microban International (U.S.), Oplon Pure Sciences Ltd. (Israel), and Takex Labo Co. Ltd.
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