Antimicrobial Packaging Market Overview
Antimicrobial packaging is acting as a hurdle which prevent degradation of total quality of food and provides protection against microorganisms. The increasing demand for produced antimicrobial products globally drive the market for such market majorly in the regions of Asia pacific. Factors such as increasing demand of healthy antimicrobial products as well as hygienic factor fueled the market of Antimicrobial packaging. Additionally, economic feasibility and viability of packaged food are factors that are expected to increase the demand in the antimicrobial packaging market
Market Research Future (MRFR) identified that the rising need for prolonging shelf-lives of food items, in order to restore their freshness for health benefits, the fundamental driver for the global antimicrobial packaging market. MRFR reveals that the global antimicrobial packaging market is expected to expand at a substantial CAGR over the forecast period (2016-2022).
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MRFR listed some of the eminent companies that are operating in the global antimicrobial packaging market. They are;
- BASF SE.
- Mondi Plc
- The Dow Chemical Company
- PolyOne Corporation
- Dunmore Corporation
- Biocote Limited
- Linpac Senior Holdings
- Oplon Pure Sciences Ltd.
- Microban International
- Takex Labo Co. Ltd.
The global market is likey to gain as competition among key players intensifies. As capital flows from high-cash companies encouraging research and developmental activities, the global market is likely to profit. Moreover, deals and mergers among key players are likely to benefit the market.
A hefty amount of USD 13 million was invested in Hazel Technologies, a biotech company that provides solutions for reducing food wastage in the agricultural supply chain. Antimicrobial packaging for meat products and smaller fruits is a segment of this project, which demonstrates the healthy growth of the global antimicrobial packaging market.
The global market of antimicrobial packaging market has been segmented on the basis of material, packaging type, and end-users. On the basis of material, the global market has been segmented into plastics, paper and paperboard, and others. The On the basis of packaging type, the global market has been segmented into bags, pouches, carton packages, and others. The expansion of the bags segment can be attributed to the surge in need for convenience in food carriage. Followed by the carton segment, the global market is expected to earn high revenue over the evaluation period. Based on the end-use, the global market has been segmented into food and beverage, healthcare, and personal care. The beverage industry exhibits high rate of adoption of antimicrobial packaging materials. Hence, the beverage segment is expected to expand at a lucrative CAGR by 2022.
The hectic lifestyle of people necessitates quick services. Antimicrobial package helps in prolonging the shelf life of the intended material. This improves the storage span of food stuffs that eliminates the need for frequent shopping, hence, serving the purpose. Alongside, the need to maintain proper food hygiene is also essential. These factors are expected to gain traction for the global market of antimicrobial packaging. The food and beverage industry is one of the high end-users. The expansion of this industry is expected to add to the growth of the global market.
Despite the presence of such strong boosters, the global antimicrobial packaging market can is likely to encounter certain challenges. Variations in prices of raw materials, difficulty in compliance to rules and regulations, and exposure to potential risks factors can limit the expansion of the global antimicrobial packaging market.
By region, the market growth has been investigated across Asia Pacific, North America, Europe, and the Rest of the World (RoW).
In the Asia Pacific region, due to an increase in the population, food production has increased. The surge in demand for food preservation lies therein, thus, is likely to boost the APAC market. In North America, the antimicrobial packaging market is expected to register robust growth. Increase in the number of health enthusiast and early adoption of technologies are factors that are anticipated to favor the regional market. The firm food and beverage infrastructure in Europe is likely to promote its market growth.
Table Of Contents
1. Executive Summary
2. Research Methodology
2.1. Scope Of The Study
2.1.2. Research Objective
2.2. Research Process
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Market Size Estimation
2.4. Forecast Model
3. Market Dynamics
3.1. Market Drivers
3.2. Market Inhibitors
3.3. Supply/Value Chain Analysis Or Market Ecosystem
3.4. Porter’s Five Forces Analysis
4. Market, By Material
4.3. Paper & Paperboard
Chapter 1 – Executive Summary
• This Chapter Shall Comprise Of An Info Graphic That Summarizes The Key Insights Of The Research Report
Chapter 2 – Research Methodology
• This Chapter Shall Be A Mix Of Market Information And Research Methodology Chapters From The Earlier Report Format
• Market Structure Shall Be Indicated By Means Of A Chart In Section ‘2.1.2 Research Objective’
Chapter 4, 5, And 6 – Market Data Chapters
• These Chapters Shall Be Modified According To The Topic And The Segmentation Adopted
• Regional Market Analysis Chapter Shall Include Market Data Of Key Countries Within Respective Regions
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