Antimicrobial Packaging Market Size By Material (Paper & Paperboard, Plastics, Biopolymer), By Packaging Type (Pouches, Bags, Trays, Cups & Lids, Carton Packages), By Antimicrobial Agents (Enzymes, Essential Oils, Bacteriocins, Metal Ions & Oxidizers), By Technology, By End Use, By Geography & Forecast
Antimicrobial Packaging Market Size And Forecast
Antimicrobial Packaging Market was valued at USD 8.71 Billion in 2019 and is projected to reach USD 13.28 Billion by 2027, growing at a CAGR of 5.4% from 2020 to 2027.
Antimicrobial Packaging Market Overview
The rise in the number of infectious and foodborne diseases is the foremost factor in driving market growth. The World Health Organization states that every year, the food not made hygienically and adequately results in 600 million cases of foodborne diseases and 420,000 deaths. 30% of children aged five years or below tend to die at an early age due to food poisoning and foodborne infections.
The increased consciousness about food wastage is the crucial aspect of driving the market growth. Food waste refers to a decline in the quantitative or qualitative analysis of food due to the decisions and actions by retailers, food service providers, and consumers.
The restraints and challenges faced, which will hinder the market growth are the high costs incurred in raw materials used to make antimicrobial packaging material. The disparities observed while testing the material practicality and food quality. A significant hindrance to commercializing the technology is the antimicrobialcompounds exposed to the high processing temperature while usedin the productionof packagingpolymers. The strict regulatory guidelines followed while developing the base material and pack type will tamper the market growth.
Antimicrobial Packaging Market: Segmentation Analysis
The Global Antimicrobial Packaging Market is segmented based on Material, Packaging Type, Antimicrobial Agents, Technology, End-Use, and Geography.
Antimicrobial Packaging Market Competitive Landscape
The Global Antimicrobial Packaging Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are 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. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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