16th March 2020 – The global “AntimicrobialPackaging market” presents a widespread and elementary study of Antimicrobial
Packaging business at the side of the analysis of subjective aspects which is
able to give key business insights to the readers. World Antimicrobial
Packaging Market analysis report offers the analytical read of the business by
learning various factors like Antimicrobial Packaging market growth,
consumption volume, market trends and Antimicrobial Packaging business price
structures throughout the forecast amount from 2013 to 2024.
The global antimicrobial packaging
market is expected to value at USD 11.92 billion by 2024. The antimicrobial
packaging industry is subject to witness a substantial growth due to the rising
demand for advanced packaging solutions in confectionery and bakery sectors.
Antimicrobial type of packaging is gaining popularity in preservative free food
products that need minimal processing and are perishable.
Increasing level of awareness associated
with consumer health and longer shelf life of products are expected to fuel
market demand for antimicrobial packaging solutions over the next seven years.
Globally, the antimicrobial packaging market is predicted to grow at a CAGR of
5.0% in the forecast period, providing numerous opportunities for market
players to invest for research and development in the market.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Antimicrobial Packaging Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Antimicrobial Packaging Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
The factors affecting the growth of
antimicrobial packaging industry are varying food preferences, enhancements in
living status, and rising disposable earnings. Furthermore, implementation of
modern techniques in packaging sector, and rising preference towards food
safety concerns, are predicted to uplift the demand for antimicrobial packaging
over the forecast period.
The other factors that are significantly
contributing to industry growth include growing demand for hot and easily
available packaged food products coupled with soaring demand for convenient
& sustainable packaging solutions. Increasing demand for bioplastics and
metal composites of aluminum, steel, and plastic grades like polyethylene
terephthalate (PET) & polyethylene (PE), glass, and paper for convenient
& sustainable packaging solutions, are expected to drive market growth of
antimicrobial packaging market. Rapid industrialization in BRICS economies such
as Brazil, Russia, India, China and South Africa is expected to stimulate
market growth of antimicrobial packaging in the upcoming years.
Aggressive marketing by the industry
players and numerous brand improvement efforts by energy drink manufacturers
are attracting more consumers, thus driving market demand for enhanced beverage
packaging solutions. Increasing popularity of the ready to drink (RTD)
beverages coupled with increasing number of local manufactures across the globe
are anticipated to boost market demand for advanced antimicrobial packaging
solutions.
However, the major task of antimicrobial
packaging is to preserve the quality of the stored food product. The
antimicrobial packaging solutions not only provide prevention from the
downgrading and spoilage in the food but also preserve the food products by
maintaining quality with regards to its appearance, odor, taste and vitamin
content. The use of the antimicrobial packaging enhances the commercial value
of the food product and limits financial loss for the food manufacturer.
The antimicrobial packaging industry is
broadly categorized into three major segments based on the application type
such as food & beverage industry, healthcare sector and personal care&
cosmetics industry. The food & beverage industry is considered as one of
the fastest growing segment in the with substantial revenue generation in the
last few years. Growing popularity of antimicrobial packaging solutions in the
food & beverage segment is attributed to the changing food preferences and
rising disposable income. The personal care& cosmetics segment has also
witnessed substantial growth owing to the increasing demand for personal care products
from Asia Pacific & North America region.
The key players in the
antimicrobial packaging industry are Mondi Plc, BASF Group, Dow Chemicals Co.,
Dunmore Co., PolyOne Co., Linpac Senior Holdings, Inc., Bicote Co., Microban
International, Inc., and Agion Colorcon Co.
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