Market Size of Antimicrobial Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.89 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Antimicrobial Packaging Market Analysis
The antimicrobial packaging market is expected to register a CAGR of 5.89% over the forecast period 2021 - 2026. Antimicrobial packaging evades the growth or decay due to microorganisms in the packaged foodstuff that can cause intricacies regarding food safety and quality. The concept of 'Active Packaging' was introduced in the process, where different active substances are included in the packaging material to enhance its functionality.
- One of the main drivers of the antimicrobial packaging market is the growing demand for packaged food. 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. Furthermore, it is convenient and made palatable.
- Also, increasing awareness about consumer health and greater shelf life of products has resulted in improved usage for antimicrobial packaging products. The requirement for ready-to-eat, minimally treated, and efficiently prepared food is growing day-by-day. For instance, Revenue from the ready-to-eat (RTE) food segment is expected to amount to USD 83,849 million in 2020, according to the industry forecasts. The rise of RTE and grab-and-go meals are expected to shape the future packaging trend.
- Furthermore, antimicrobial packaging has an increasing number of applications in the beverage packaging business. Antimicrobial agents are being employed to improve the shelf life of alcoholic, nonalcoholic, fruit juices, flavored milk, wines, and dairy-based beverages and drinks. Besides, the rise in demand for baked and confectionery products among consumers in emerging economies is expected to spearhead the market growth during the forecast period.
- Also, amidst the pandemic COVID-19, with a rise in the number of patients suffering from the virus. The patients are more susceptible to secondary fungal and bacterial infections. The data related to the viral infection (COVID-19) sourced from The Lancet indicated that about 50% of patients that died from the virus had secondary infections. The optimistic healthcare industry, therefore, provides significant scope for the market over the forecast period.
Antimicrobial Packaging Industry Segmentation
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.
Material | |
Plastic | |
Biopolymer | |
Paper & Paperboard | |
Other Materials |
Application | |
Food and beverages | |
Healthcare | |
Personal Care | |
Other Applications |
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Antimicrobial Packaging Market Size Summary
The antimicrobial packaging market is poised for significant growth, driven by the increasing demand for packaged food and beverages, as well as the rising awareness of consumer health and product shelf life. This market leverages the concept of active packaging, which incorporates various substances to enhance the functionality of packaging materials. The convenience and hygiene offered by packaged food, along with the growing preference for ready-to-eat and grab-and-go meals, are key factors propelling market expansion. Additionally, the healthcare sector's demand for antimicrobial solutions in medical and pharmaceutical applications further bolsters market growth, as these solutions help prevent microbial contamination and enhance product safety.
The Asia Pacific region is expected to dominate the antimicrobial packaging market, fueled by the rising demand for food and beverages, increased consumer awareness, and a fast-paced lifestyle. Developing countries like China and India are emerging as significant markets, driven by economic development and population growth. However, the market faces challenges such as fluctuating raw material prices and stringent regulatory compliance. Intense competition is anticipated, with both small and medium enterprises and large global organizations vying for market share. Key players like BASF SE, Dow Chemical, and Mondi Plc are expected to invest in operational developments, particularly in developing regions, to capitalize on growth opportunities.
Antimicrobial Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Force Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Market Drivers
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1.3.1 Rising Consumer Awareness about Health Related Issues
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1.3.2 Growing Concerns About Food Wastage
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1.3.3 Increasing Demand From the Healthcare Sector
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1.4 Market Restraints
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1.4.1 Raw Material Price Fluctuation
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1.4.2 Compliance to Strict Government Regulations
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1.5 Industry Value Chain Analysis
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1.6 Assessment of Impact of COVID-19 on the Industry
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1.7 Impact of Government Funded Projects, Efforts by Research Organizations and Universities and Company Developments for Antimicrobial Packaging on the Market
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2. MARKET SEGMENTATION
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2.1 Material
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2.1.1 Plastic
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2.1.2 Biopolymer
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2.1.3 Paper & Paperboard
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2.1.4 Other Materials
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2.2 Application
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2.2.1 Food and beverages
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2.2.2 Healthcare
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2.2.3 Personal Care
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 France
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2.3.2.3 United Kingdom
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2.3.2.4 Italy
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2.3.2.5 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia Pacific
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2.3.4 Latin America
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2.3.4.1 Mexico
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2.3.4.2 Brazil
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2.3.4.3 Argentina
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2.3.4.4 Rest of Latin America
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2.3.5 Middle East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 South Africa
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2.3.5.4 Rest of Middle East and Africa
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Antimicrobial Packaging Market Size FAQs
What is the current Antimicrobial Packaging Market size?
The Antimicrobial Packaging Market is projected to register a CAGR of 5.89% during the forecast period (2024-2029)
Who are the key players in Antimicrobial Packaging Market?
BASF SE, Mondi PLC, BioCote Limited, Dunmore Corporation and Avient Corporation are the major companies operating in the Antimicrobial Packaging Market.