The report “Antimicrobial Packaging Market by Base Material (Plastics, Biopolymer, Paperboard, Others), Antimicrobial Agents (Organic acid, Bacteriocins, Others), Technology (Controlled release, Active), Pack Type (Bags, Pouches, Others), Application – Forecast to 2021″, The antimicrobial packaging market size is projected to grow from USD 7.28 Billion in 2015 to USD 10.00 Billion by 2021, at a CAGR of 5.54%.
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The antimicrobial packaging market is growing rapidly in accordance with the growth in the packaging market, globally. 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. The report aims at estimating the market size and future growth potential of the antimicrobial packaging market across different segments such as base material, pack type, antimicrobial agents, technology, end-user industry, and region. Factors such as growing demand in Asia-Pacific, growth in the food & beverage and healthcare sectors, and growing health-related awareness among consumers are the major drivers of the antimicrobial packaging market in the next five years.
The market ecosystem includes various stakeholders involved in the supply chain of the antimicrobial packaging industry starting from raw materials suppliers, research & development, manufacturing, and the assembly team. After this, the marketing and sales of the finished products take place which is only possible if an efficient distribution channel is developed. Finally, the end-products are made available to the consumers. The global market for antimicrobial packaging is dominated by players such as 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.
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Asia-Pacific is projected to have the largest market share and dominate the antimicrobial packaging market. Asia-Pacific offers potential growth opportunities, as developing countries such as China and India are projected to be emerging markets, making this region also the fastest-growing market for antimicrobial packaging. The growth of the antimicrobial packaging market in this region is propelled by factors such as the growth of the food & beverage, healthcare, personal care, consumer goods, and agricultural products industry. Also growing population and economic development are other factors.
The scope of the report covers detailed information regarding the major factors influencing the growth of the antimicrobial packaging market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the antimicrobial packaging market.
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