The global antimicrobial packaging market is expected to reach USD 11.92 billion by 2024, according
to a new report by Grand View Research, Inc. Growing demand for confectionery
& bakery products is expected to drive the global antimicrobial packaging
market. Apart from bakery products, these agents are widely used in meat,
poultry, seafood grain seeds, fruits, and vegetables.
Antimicrobial packaging
releases active agents into food products which help to inhibit the growth of
microorganisms and increase the shelf life. These releasing compounds maintain
the food quality and reduce the need for preservatives and additives.
Antimicrobial active
packaging is widely used in healthcare applications. These elements are
specifically used to protect the plastic products, tablets and medical
equipment against bacteria & fungal growth. Antimicrobial preservatives
such as ethanol, phenol, cresol, parabens and bronopol can be added to
pharmaceutical products to protect against microbial contamination.
However, antimicrobial
agents derived from synthetic pathogenic sources are not found to satisfy
consumers as they demand products extracted from natural sources. Such a factor
is expected to hinder the overall market growth over the next eight years.
Browse full report by Grand View
Research:
Further key findings from the report suggest:
·
The global antimicrobial packaging market
demand was 6.51 million tons in 2015 and is expected to reach 10.09 million
tons by 2024, growing at a CAGR of 5.0% from 2016 to 2024
·
Plastics were the leading base material
used for antimicrobial packaging and accounted for 64.8% of total volume in
2015. Biopolymers are expected to witness the highest growth of 6.3% over the
forecast period owing to its good physical, mechanical and chemical properties.
In addition, they are recognized as an asset to waste processing.
·
Organic acid were the leading antimicrobial
agents consumed and accounted for 37.3% of total market volume in 2015.
Bacteriocins are expected to witness the highest growth of 5.4% over the
forecast period.
·
Pouches emerged as the most dominant pack
product and accounted for 39.2% of global volume in 2015. The segment is
expected to witness similar trend in the near future due to its usage across
different industries. Pouches are also expected to witness the highest growth
of 5.5% over the forecast period.
·
Food & beverages were the most dominant
application segment and accounted for 44.5% of total market volume in 2015.
Stringent regulations regarding food safety across various regional markets
have led to the increased penetration in the industry. The segment is also
expected to witness the highest growth of 5.3% from 2016 to 2024. Moreover,
controlled release packaging technology has been gaining wide importance for
food packaging applications due to its impeccable response with respect to
time.
·
Asia Pacific was the leading regional
market and accounted for 33.3% of global demand in 2015. Busy lifestyle coupled
with shifting preferences to consume ready to eat meals particularly in
countries such as Japan, India and China has led to growth in the regional
market. The region is also expected to witness the highest growth of 6.1% over
the forecast period.
·
Key companies operating in the global market
include Mondi Plc, BASF SE, Dow Chemicals, Dunmore Corporation, PolyOne
Corporation, Linpac Senior Holdings, Bicote Corporation and Microban
International. Agion Colorcon, a pharmaceutical company, is using a new
antimicrobial product Agion Technologies, in their product line named No-Tox
AM.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/food-safety-and-processing
Grand View
Research has segmented the global antimicrobial packaging market on the
basis of base material, antimicrobial agents, technology, pack type,
application and region:
Antimicrobial Packaging Base Material Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Plastics
·
Biopolymers
·
Paperboard
·
Others
Antimicrobial Packaging Antimicrobial Agents Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Organic Acid
·
Bacteriocins
·
Others
Antimicrobial Packaging Technology Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
·
Active
·
Controlled release
Antimicrobial Packaging Pack Type Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024
·
Carton Packages
·
Pouches
·
Others
Antimicrobial Packaging Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
·
Food & Beverage
·
Healthcare
·
Personal Care
·
Others
Antimicrobial Packaging Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
·
North America
o U.S.
·
Europe
o Germany
o UK
o Spain
·
Asia Pacific
o China
o India
·
Central & South America
o Brazil
·
Middle East & Africa
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-antimicrobial-packaging-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com