Antimicrobial Packaging Market to Hit USD 17.25 Billion by 2029 | At 6.52% CAGR over 2022-2029

Key companies covered in antimicrobial packaging market are Biocote Limited (U.K.), Dunmore Corporation (U.S.), Microban International (U.S.), Klöckner Pentaplast Europe GmbH & Co. KG (Argentina), BASF SE(Germany), The Dow Chemical Company (U.S.), Mondi Plc (South Africa), PolyOne Corporation(U.S.), Olpon Pure Sciences Ltd (Israel), Takex Labo Co. Ltd (Japan), Foodtouch (U.S.), Biomaster (Sweden), and Other Key Players


Pune, India, Feb. 06, 2023 (GLOBE NEWSWIRE) -- The global antimicrobial packaging market size was valued at USD 10.55 billion in 2021. The market is anticipated to expand from USD 11.08 billion in 2022 to USD 17.25 billion by 2029, exhibiting a CAGR of 6.52% over the forecast period. The rise can be credited to the surging demand for fine-quality products on account of growing concerns regarding preservation, quality care, and safety in the hygiene, pharmaceutical, and food industries.

This information is provided by Fortune Business Insights™ in its research report, titled Antimicrobial Packaging Market Size, Share, Growth, and forecast 2022-2029”.

Get a Sample Research PDF:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/antimicrobial-packaging-market-102726

Competitive Landscape:

Leading Companies Strike Collaborative Deals to Expand Product Reach

Major antimicrobial packaging companies are focused on entering into partnership deals and agreements to expand their geographical footprint. Some of the other initiatives adopted for increasing product penetration include mergers, acquisitions, the formation of alliances, and research activities.

List of Key Players Mentioned in the Report:

  • Biocote Limited (U.K.)
  • Dunmore Corporation (U.S.)
  • Microban International (U.S.)
  • Klöckner Pentaplast Europe GmbH & Co. KG (Argentina)
  • BASF SE(Germany)
  • The Dow Chemical Company (U.S.)
  • Mondi Plc (South Africa)
  • PolyOne Corporation(U.S.)
  • Olpon Pure Sciences Ltd (Israel)
  • Takex Labo Co. Ltd (Japan)
  • Foodtouch (U.S.)
  • Biomaster (Sweden)

Regional Insights:

North Americas to Emerge as Leading Region Owing to Rising Demand from Growing Economies

The North American antimicrobial packaging market share is dominant and is characterized by strong growth in antimicrobial packaging technology. In addition, high awareness of local people is expected to keep the market moving. North America is poised to register commendable growth over the estimated period. The surge can be attributed to the rising demand for therapeutic devices and pharmaceuticals.

Get a Quote Now:

https://www.fortunebusinessinsights.com/enquiry/get-a-quote/antimicrobial-packaging-market-102726

Report Scope & Segmentation:

Report CoverageDetails
Forecast Period2022-2029
Forecast CAGR6.52 %
2029 Value ProjectionUSD 17.25 Billion
Base Year2018
Antimicrobial Packaging Market Size in 2022USD 11.08 Billion
Historical Data2018-2020
No. of Pages220
Segments CoveredBy Type, End-user and Regional Insights
Antimicrobial Packaging Industry Growth DriversPlastic Segment to Gain Prominence Driven by Ease of Manufacturing & Flexibility
Food & Beverages Segment to Register Considerable Growth Due to Increasing Demand for Packaged Food

Segments:

Plastic Segment to Gain Traction Driven by Flexibility and Ease of Manufacturing

On the basis of material, the market is segregated into plastic, biopolymers, paperboard, and others. The plastic segment is set to record commendable expansion over the forecast period. The surge is being driven by various properties of plastics such as flexibility, ease of manufacturing, and moisture resistance.

Organic Acids to Register Notable Demand Driven by the Benefit of Extended Shelf Life

Based on antimicrobial agent type, the market is subdivided into organic acids, bacteriocins enzymes, and plant extracts. The organic acids segment is slated to depict substantial growth throughout the estimated period. The rise can be attributed to increasing product usage as preservatives in food applications.

Pouches Segment to Exhibit Lucrative Growth Impelled by Soaring Demand from Numerous Sectors

On the basis of packaging type, the market is fragmented into trays, pouches, bags cartons, films, and cups & lids. The pouches segment is poised to exhibit appreciable growth throughout the projected period. The upsurge is on account of surging product demand from various industries. These include agriculture, personal care, food, and healthcare.

Food & Beverages Segment to Register Considerable Growth Due to Increasing Demand for Packaged Food

Based on end-user, the market is categorized into food & beverages, healthcare, personal care & cosmetics, and consumer electronics. The food & beverages segment is set to register an appreciable surge over the forecast period. The growth is being impelled by various benefits such as low cost and ease of use.

On the basis of geography, the market has been studied across five regions, including Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Report Coverage:

The report gives a comprehensive analysis of the major trends that are slated to propel the business landscape across various regions. It further delves into significant factors impelling industry expansion over the estimated period. Other aspects include the key steps taken by pivotal market players to expand their geographical footprint.

Drivers and Restraints:

Market Share to Rise on Account of Soaring Health Awareness Among Consumers

One of the major factors propelling the antimicrobial packaging market growth is the rising health awareness among consumers and the increasing demand for high-quality packaging. Recent years have also recorded an escalating demand for pharmaceutical products owing to changes in consumer lifestyles.

However, the market expansion is likely to be hampered on account of the fluctuating prices of raw material and lack of storage at appropriate temperatures.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/antimicrobial-packaging-market-102726

Key Industry Development:

February 2020 – Mondi collaborated with Carter. The deal would help the company in delivering sustainable packaging solutions for fresh produce.

COVID-19 Impact:

Development of New Solutions Propelled by Soaring Inclination Toward Ensuring Supply Continuity

The coronavirus pandemic created several challenges for industry players during the initial days of lockdown. These included disruptions in supply chain and labor shortages. However, operations in this industry did not stop during the lockdown period. The demand for antimicrobial packaging increased on account of concerns associated with consumer health.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Porters Five Forces Analysis
    • Impact of COVID-19 on the Antimicrobial Packaging Market
  • Global Antimicrobial Packaging Industry Analysis (Million Tons, USD Billion), Insights and Forecast, 2018-2029
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Material
      • Paperboard
      • Plastic
      • Biopolymers
      • Others
    • Market Analysis, Insights, and Forecast – By Antimicrobial Agent Type
      • Plant Extracts
      • Organic Acids
      • Bacteriocins Enzymes
    • Market Analysis, Insights and Forecast – By Packaging Type
      • Bags
      • Pouches
      • Trays
      • Cartons
      • Cups & Lids
      • Films
    • Market Analysis, Insights, and Forecast – By End-users
      • Food & Beverages
      • Personal Care & Cosmetics
      • Consumer Electronics
      • Healthcare
    • Market Analysis, Insights, and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

Toc Continued…

Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/antimicrobial-packaging-market-102726

Read Related Insights:

Recycled Plastic Market Share and regional forecast 2022-2028

Industrial Fasteners Market Size, Share, Growth Outlook 2022-2029

Alkaline Battery Market Size, Share, Growth Outlook 2022-2029

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower,

Baner - Mahalunge Road, Baner,

Pune-411045, Maharashtra, India.     

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Connect us via Social Media Channels:

LinkedIn  Facebook  Twitter Blogs