Antimicrobial Packaging Market
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
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $10.50 BN |
|
Projected Year Value (2028) |
US $16.11 BN |
|
CAGR (2021 - 2028) |
6.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Antimicrobial Packaging Market, By Pack Type
5.1 Introduction
5.2 Bags
5.3 Blister Packs
5.4 Cans
5.5 Carton Packages
5.6 Cups & Lids
5.7 Pouches
5.8 Trays
6 Global Antimicrobial Packaging Market, By Technology
6.1 Introduction
6.2 Active Packaging
6.3 Controlled Release Packaging
7 Global Antimicrobial Packaging Market, By Antimicrobial Agents
7.1 Introduction
7.2 Bacteriocins
7.3 Enzymes
7.4 Essential Oil
7.5 Metal Ions & Oxidizers
7.6 Organic Acid
7.7 Other Antimicrobial Agents
7.7.1 Antibiotics
7.7.2 Fungicides
7.7.3 Gas
7.7.4 Natural Extract
8 Global Antimicrobial Packaging Market, By Base Material
8.1 Introduction
8.2 Aluminum Foil
8.3 Biopolymer
8.4 Glass
8.5 Non-woven Fabrics
8.6 Plastics
8.6.1 High-Density Polyethylene (HDPE)
8.6.2 Low-Density Polyethylene (LDPE)
8.6.3 Polyethylene (PE)
8.6.4 Polyethylene Terephthalate (PET)
8.6.5 Polyvinyl Chloride (PVC)
8.7 Paper & Paperboard
9 Global Antimicrobial Packaging Market, By End User
9.1 Introduction
9.2 Agricultural Products
9.3 Consumer Goods
9.4 Food & Beverages
9.5 Healthcare
9.6 Personal Care
10 Global Antimicrobial Packaging Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Avient Corporation
12.2 BASF SE
12.3 Biocote Limited
12.4 Clariant AG
12.5 ICP Industrial Inc
12.6 Dunmore Corporation
12.7 Linpac Senior Holdings
12.8 Microban International
12.9 MicrobeGuard Corporation
12.10 Mondi Plc
12.11 Oplon Pure Sciences Ltd
12.12 PolyOne Corporation
12.13 Takex Labo Co. Ltd
12.14 The Dow Chemical Company
List of Tables
1 Global Antimicrobial Packaging Market Outlook, By Region (2020-2028) ($MN)
2 Global Antimicrobial Packaging Market Outlook, By Pack Type (2020-2028) ($MN)
3 Global Antimicrobial Packaging Market Outlook, By Bags (2020-2028) ($MN)
4 Global Antimicrobial Packaging Market Outlook, By Blister Packs (2020-2028) ($MN)
5 Global Antimicrobial Packaging Market Outlook, By Cans (2020-2028) ($MN)
6 Global Antimicrobial Packaging Market Outlook, By Carton Packages (2020-2028) ($MN)
7 Global Antimicrobial Packaging Market Outlook, By Cups & Lids (2020-2028) ($MN)
8 Global Antimicrobial Packaging Market Outlook, By Pouches (2020-2028) ($MN)
9 Global Antimicrobial Packaging Market Outlook, By Trays (2020-2028) ($MN)
10 Global Antimicrobial Packaging Market Outlook, By Technology (2020-2028) ($MN)
11 Global Antimicrobial Packaging Market Outlook, By Active Packaging (2020-2028) ($MN)
12 Global Antimicrobial Packaging Market Outlook, By Controlled Release Packaging (2020-2028) ($MN)
13 Global Antimicrobial Packaging Market Outlook, By Antimicrobial Agents (2020-2028) ($MN)
14 Global Antimicrobial Packaging Market Outlook, By Bacteriocins (2020-2028) ($MN)
15 Global Antimicrobial Packaging Market Outlook, By Enzymes (2020-2028) ($MN)
16 Global Antimicrobial Packaging Market Outlook, By Essential Oil (2020-2028) ($MN)
17 Global Antimicrobial Packaging Market Outlook, By Metal Ions & Oxidizers (2020-2028) ($MN)
18 Global Antimicrobial Packaging Market Outlook, By Organic Acid (2020-2028) ($MN)
19 Global Antimicrobial Packaging Market Outlook, By Other Antimicrobial Agents (2020-2028) ($MN)
20 Global Antimicrobial Packaging Market Outlook, By Antibiotics (2020-2028) ($MN)
21 Global Antimicrobial Packaging Market Outlook, By Fungicides (2020-2028) ($MN)
22 Global Antimicrobial Packaging Market Outlook, By Gas (2020-2028) ($MN)
23 Global Antimicrobial Packaging Market Outlook, By Natural Extract (2020-2028) ($MN)
24 Global Antimicrobial Packaging Market Outlook, By Base Material (2020-2028) ($MN)
25 Global Antimicrobial Packaging Market Outlook, By Aluminum Foil (2020-2028) ($MN)
26 Global Antimicrobial Packaging Market Outlook, By Biopolymer (2020-2028) ($MN)
27 Global Antimicrobial Packaging Market Outlook, By Glass (2020-2028) ($MN)
28 Global Antimicrobial Packaging Market Outlook, By Non-woven Fabrics (2020-2028) ($MN)
29 Global Antimicrobial Packaging Market Outlook, By Plastics (2020-2028) ($MN)
30 Global Antimicrobial Packaging Market Outlook, By High-Density Polyethylene (HDPE) (2020-2028) ($MN)
31 Global Antimicrobial Packaging Market Outlook, By Low-Density Polyethylene (LDPE) (2020-2028) ($MN)
32 Global Antimicrobial Packaging Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)
33 Global Antimicrobial Packaging Market Outlook, By Polyethylene Terephthalate (PET) (2020-2028) ($MN)
34 Global Antimicrobial Packaging Market Outlook, By Polyvinyl Chloride (PVC) (2020-2028) ($MN)
35 Global Antimicrobial Packaging Market Outlook, By Paper & Paperboard (2020-2028) ($MN)
36 Global Antimicrobial Packaging Market Outlook, By End User (2020-2028) ($MN)
37 Global Antimicrobial Packaging Market Outlook, By Agricultural Products (2020-2028) ($MN)
38 Global Antimicrobial Packaging Market Outlook, By Consumer Goods (2020-2028) ($MN)
39 Global Antimicrobial Packaging Market Outlook, By Food & Beverages (2020-2028) ($MN)
40 Global Antimicrobial Packaging Market Outlook, By Healthcare (2020-2028) ($MN)
41 Global Antimicrobial Packaging Market Outlook, By Personal Care (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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