The global antimicrobial packaging market is expected to expand at a noteworthy CAGR of 6.21% between 2020 and 2027 and to reach a valuation of US$13.72 bn by 2027.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
Rising awareness regarding consumer health and longer shelf life of products has resulted in increased usage of antimicrobial packaging in the recent past and is expected to witness similar trends over the forecast period. Increasing demand for baked & confectionery products among consumers in developing regions is expected to aid the market growth for antimicrobial packaging in the next eight years.
Nowadays, hospitals are a common breeding ground for bacteria, algae, and fungal growth which in turn causes detrimental effects on consumers and also on plastic medical devices. As a result, antimicrobial additives are used to inhibit microbial growth and also increase the hygienic factor among patients.
Healthcare furnishing manufacturers have been developing innovative products having effective microbial resistant properties which preserves the aesthetic value of hospitals and also prevents against infectious agents in the hospitals. This factor is anticipated to drive antimicrobial packaging demand over the forecast period.
Antimicrobial packaging materials are currently produced on a large scale only by few industry participants including BASF and Dow Chemicals. Other small & medium scale manufacturers are not able to meet current economies of scale owing to underutilization of production capacities. Hence, the overall production costs tend to be generally high which may be a hindering factor for the overall market over the forecast period.
These antimicrobial packaging elements are enlisted under “generally recognized as safe” GRAS status and are used in processed cheese. Moreover, they are also approved by the U.S. Food and Drug Administration for its usage in food products such as fruits and vegetables.
R&D initiatives are being taken to introduce metal oxides such as magnesium oxide and zinc oxide as antimicrobial agents for food industry which in turn is expected to create ample opportunities for the industry participants across food & beverage applications.
Base Material Insights
Base materials commonly include plastics, paper board, bio polymer, and others. Other base materials commonly include non-woven fabrics, glass, and aluminum foil. Plastics accounted for more than 60% of the overall market and emerged as the leading segment in 2015. In recent years, low-density polyethylene has been used widely in antimicrobial packaging owing to its superior antibacterial and antifungal properties against some bacteria namely, Listeria innocua and Escherichia coli.
However, increasing environmental concerns regarding the use of synthetic base materials have led to an increased usage of biopolymers coatings which further, helps in prevention of moisture transfer into food products. Thus, these biopolymers are presumed to replace synthetics plastics in the future years.
Antimicrobial Agent Insights
Antimicrobial agents consist of organic acids, Bacteriocins, and others. Other antimicrobial agents consist of metal ions & oxidizers, essential oils, and enzymes. Organic acid accounted for more than 40% of the antimicrobial packaging market in 2019. Organic acid such as citric acid, lactic acid, and acetic acid helps in lowering the pH level of food and hence succeeds in suppression of microbial growth. Thus, these organic acids are mainly used in acidic food products. Sometimes prolonged exposure of these kinds may cause mild toxicological issues among human beings.
The technology segment can be segregated into two types which are controlled release technology and active technology. Active technology held over 55% of the overall market in 2019. Active technological packaging helps in protecting the shelf life for food and also helps in enhancing the food quality. This system also helps to increase the stability & specificity of preservation by reducing the amount of chemicals used in food.
Pack Type Insights
Pack type consists of carton package, pouches, and others. Other pack types include trays, bags, cups & lids. Pouches accounted for more than 39% of the total antimicrobial packaging in 2019. These pouches are being used widely across different industries such as food, agricultural, personal care, and healthcare for various applications. Carton packages are widely used in the food & beverage industry. These carton bags are generally made of paper based packaging materials which prevents the microbes to get inside the food.
Major applications include food & beverage, healthcare, personal care, and others. Other application segment majorly consists of textile application. Food & beverage application accounted for over 45% of the overall market in 2019 and is expected to continue the same trend over the forecast period. Growing food borne diseases and rising health awareness among individuals has permitted the use of antimicrobial packaging in the food industry.
Asia Pacific antimicrobial packaging market led the global industry and accounted for over 40% of the total market in 2019. Growing demand for food among the youths & adults coupled wing increasing prevalence of diseases has resulted in the regional market growth. Emerging nations such as India and China are expected to make the Asia Pacific region as the fastest growing market and also bring a lot of opportunities in this field over the next eight years.
The global antimicrobial packaging market is dominated by chemical giants. Major industry participants include BASF SE, Mondi Plc, the Dow Chemical, Polyone Corporation, Dunmore Corporation, Biocote Corporation, Linpac Senior Holdings, Olpon Pure Sciences Ltd, Microban International and Takex Labo Co. Ltd.
The Antimicrobial Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Antimicrobial Packaging market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Antimicrobial Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Antimicrobial Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Antimicrobial Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Antimicrobial Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Antimicrobial Packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Antimicrobial Packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Antimicrobial Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Antimicrobial Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Antimicrobial Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Antimicrobial Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Antimicrobial Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Antimicrobial Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Antimicrobial Packaging market. These factors have benefited the growth of the global market for Antimicrobial Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Antimicrobial Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Antimicrobial Packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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