Global Antimicrobial Food Packaging Additives Market Report 2023: Market Segments, Size,Trend and Market Projections for Upcoming Years
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Antimicrobial Food Packaging Additives Market: Industry Insight
Antimicrobial additives are supplements that are integrated either directly into food particles or to the packaging material. These additives are released over a period to maintain the quality of food, as well as its safety leading to its extended shelf life. The antimicrobial additives used in food packaging systems are organic acids, enzymes, bacteriocins, fungicides, polymers, natural extract, oxygen absorber, gas, and essential oils. The antimicrobial food packaging additives market is anticipated to reach USD 476.9 Million by 2024 and is estimated to exhibit growth of 7.54% CAGR over the period from 2018 to 2024.
Antimicrobial Food Packaging Additives Market: Drivers and Restraints
The increasing popularity of active packaging owing to the rising demand for high quality, safe and natural products amongst consumers drives the growth of the antimicrobial food packaging additives market. Furthermore, changing food preferences and the rapidly changing lifestyle of consumers are continuously accelerating the food packaging industry. An antimicrobial packaging system that incorporates antimicrobial additives into a polymer film is largely being used in the food packaging to ensure the quality and the safety of packaged food products. However, the price fluctuations of the raw materials hamper the growth of the antimicrobial food packaging additives market.
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Antimicrobial Food Packaging Additives Market: Segmentation
The report on the global antimicrobial food packaging additives market is segmented on the basis of types of additives, packaging, and end-user.
The types of additives are further bifurcated into organic acids, enzymes, fungicides, essential oils, and others. Among them, the organic segment dominated the market in 2017, in terms of value, accounting for 36% of the total market share. The organic acid additives are widely used in the food and beverage industry as it has the capability of delaying food spoilage from microbes. In addition, organic acids when combined into materials and products provide long-lasting protection.
The packaging type is further segmented as low-density polyethylene, polypropylene, paperboard, polyethylene terephthalate, cellophane, polyethylene, and others. Among them, polyethylene terephthalate dominated the market with a share of 35% in the global antimicrobial food packaging additives market and is expected to continue its dominance in the near future. The use of polyethylene terephthalate along with antimicrobial additives in food packaging offers several benefits such as it is oil resistant and provides improved heat deﬂection in addition to better safety and quality of food products.
The end user-application segment is further bifurcated into baby food, fresh food and beverages, snacks and others. Among them, fresh food and beverages accounted for the largest market share of 42% of the total addressable market as these food products are more susceptible to microbial activities and can develop different taste, and color. Hence, to avoid microbial activities, food and beverage manufacturers use antimicrobial packaging to pack and preserve these products.
Antimicrobial Food Packaging Additives Market: Regional Insight
Asia Pacific dominates the global antimicrobial food packaging additives market and is expected to reach a value of USD 192.5 million by 2024. Among the Asia Pacific countries, China held a lion’s share of 30.95% in the antimicrobial food packaging additives market in 2017. The food industry in the Asia Pacific region is gigantic in size and is, therefore, a key element in the development prospects of antimicrobial food packaging additives market for the region. In addition, the growing expansion of the food and beverage industry in several Asian countries such as China, India, and Indonesia are creating favorable growth opportunities for the Asia Pacific antimicrobial food packaging additives market. North America held the second largest share in the global antimicrobial food packaging additives market owing to the huge consumption of canned or packaged food products.
Antimicrobial Food Packaging Additives Market: Competitive Analysis
The global antimicrobial food packaging additives market is a niche market. The leading players in the global antimicrobial food packaging additives market include BASF SE, Biocote Limited, The DOW Chemical Company, Dunmore Corporation, Linpac Senior Holdings Limited, Microban International, Mondi PLC, Oplon Pure Scence Ltd., Polyone Corporation, and Takex Labo Co. Ltd.
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• Comprehensive analysis of global as well as regional markets of the Antimicrobial Food Packaging Additives.
• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.
• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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