Antimicrobial Packaging Market To Reach $11.92 Billion By 2024: Grand View Research, Inc.
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 research report on Antimicrobial Packaging
Market: http://www.grandviewresearch.com/industry-analysis/antimicrobial-packaging-market
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
- U.S.
- Europe
- Germany
- UK
- Spain
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
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.
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