Antimicrobial Packaging Market Forecasts to 2028 – Global Analysis By Pack Type (Bags, Blister Packs, Cans, Carton Packages), Technology (Active Packaging, Controlled Release Packaging), Antimicrobial Agents, End User, and By Geography
According to Stratistics MRC, the Global Antimicrobial Packaging Market is accounted for $10.50 billion in 2021 and is expected to reach $16.11 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Antimicrobial packaging relates to the application of active packaging. The specially designed antimicrobial packaging checks the superficial evolution of bacteria and pathogens in food by applying antimicrobial medium where a large portion of spillage and contamination happens, permitting a well-ordered discharge of antimicrobial mediators into the food surface throughout the storage.
Market Dynamics:
Driver:
Rising demand for packaged food
One of the main drivers of the antimicrobial packaging market is the growing demand for packaged food. Antimicrobial packaging is widely used in the food industry as a result of the rising consumer demand for products that are perishable, preservative-free, and minimally processed, and also due to the need to increase the shelf life of the products. This application is projected to foster the demand for antimicrobial packaging solutions during the forecast period. An accelerating number of working women, migration of people from urban to rural regions, and a rise in disposable income in developing economies are the factors that feed the demand for packaged food. At times, packaged food is favored over fresh food because of quality and hygiene. Also, increasing awareness about consumer health and greater shelf life of products has resulted in improved usage for antimicrobial packaging products.
Restraint:
Fluctuating price of raw materials
The major challenge affecting the growth of this market is the high cost and fluctuating nature of raw materials. The temperature defines the growth of microbes on the product, mainly in food & medical product are required to be at certain temperature for keeping it from getting contaminated, thus lack for proper temperature storage and rising concern about keeping the products in favourable condition and proper hygiene may limit the growth of antimicrobial packaging market.
Opportunity:
Rising consciousness about health-related issues
Consumers nowadays are becoming health conscious regarding product usages such as packaged food, cosmetics and drugs. This type of packaging prevents microbial growth on the surface of the goods by having direct contact of packaging material with the contents. Antimicrobial agents such as bacteriocins are used in food packaging films to control spoilage of food products. In addition, pharmaceuticals drugs demand is also increasing due to the changing lifestyle of consumers and high demand for an effective medicine for hygiene, drugs packaging, thus leading to antimicrobial drugs packaging. All these factors together create ample opportunities for the market growth.
Threat:
Existence of potential risks
The existence of potential risks in the antimicrobial packaging industries is one of the major challenging factors for the overall market growth. The majority of the antimicrobial agents are manufactured from synthetic pathogenic sources which are not from natural sources which threatens the overall antimicrobial packaging market growth as they are used in consumable products such as food and medicines. Therefore, the poor performance of the antimicrobial agents is considered as the major challenge for the antimicrobial packaging market growth.
The healthcare segment is expected to be the largest during the forecast period
The healthcare segment is estimated to have a lucrative growth owing to the growing demand for recycling disposable medical products, such as connectors, tubing, syringes, and connectors, as well as a wide variety of molded parts. In addition, microbial contamination, intricate epidemiological situations, healthcare-associated infections (HAIs), and infection risks in hospitals and dental equipment drive the need for the prevention of microbial infections. The growing healthcare-associated infections in the healthcare industry are expected to increase significantly over the forecast period.
The plastics segment is expected to have the highest CAGR during the forecast period
The plastics segment is anticipated to witness the fastest CAGR growth during the forecast period. Rising utilization of plastic for packaging has dominated the market. Plastic are ideal for packaging as they are easy to manufacture, flexible, available at low cost, and moisture resistant. These properties are leading to high usage of plastic in antimicrobial packaging. In addition, the biopolymers are biodegradable materials such as bioplastics used for this type of packaging. They have applications as films and trays which is suitable for keeping fresh product and enables longer shelf life of the product.
Region with highest share:
North America is projected to hold the largest market share during the forecast period. The market in North America is characterized by substantial technological advancements for antimicrobial packaging. Healthcare & pharmaceutical industry is supporting the growth in the region due to the increasing demand for drugs and medical devices. Moreover, easy availability of raw materials will further exhibit attractive growth during the forecast period in the region. Additionally, considerable awareness among the people in the region is anticipated to keep the market up and moving.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the growing population and economic development among developing countries such as China and India. The factors increase the market demand are increasing prevalence of diseases are envisioned, increasing the global antimicrobial packaging market in the Asia Pacific over the forecast period. Additionally, Asia Pacific is poised to witness an impressive demand for antimicrobial packaging materials. This is also due to the rising preference for convenience food, consumer awareness, and a fast-paced lifestyle that can further create growth opportunities in this region.
Key players in the market
Some of the key players profiled in the Antimicrobial Packaging Market include Avient Corporation, BASF SE, Biocote Limited, Clariant AG, ICP Industrial Inc, Dunmore Corporation, Linpac Senior Holdings, Microban International, MicrobeGuard Corporation, Mondi Plc, Oplon Pure Sciences Ltd, PolyOne Corporation, Takex Labo Co. Ltd, and The Dow Chemical Company.
Key Developments:
In March 2021, ICP Industrial Inc., division of Innovative Chemical Products (ICP) and HeiQ signed agreement granting ICP Industrial worldwide exclusivity to HeiQ Viroblock Technology. This will allow both the companies to market products in antimicrobial packaging.
In February 2020, Mondi collaborated with Cartro, a corrugated packaging company based out of Mexico, to deliver sustainable packaging solutions for fresh produce.
Pack Types Covered:
• Bags
• Blister Packs
• Cans
• Carton Packages
• Cups & Lids
• Pouches
• Trays
Technologies Covered:
• Active Packaging
• Controlled Release Packaging
Antimicrobial Agents Covered:
• Bacteriocins
• Enzymes
• Essential Oil
• Metal Ions & Oxidizers
• Organic Acid
• Other Antimicrobial Agents
Base Materials Covered:
• Aluminum Foil
• Biopolymer
• Glass
• Non-woven Fabrics
• Plastics
• Paper & Paperboard
End Users Covered:
• Agricultural Products
• Consumer Goods
• Food & Beverages
• Healthcare
• Personal Care
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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