Antimicrobial Packaging Market Is Expected to Exhibit 5.6% CAGR by 2024

A noticeable rise in the microbial infestation of various packaged food products are supporting the growth of the global antimicrobial packaging market. Several stringent rules and regulations have been implemented to ensure the quality of the packaged food. Makers of packaged food products are bound by these strict rules as laid down by the relevant authorities across the globe.

The Dow Chemical Company, Linpac Senior Holdings, Oplon Pure Sciences Ltd., Dunmore Corporation, Sciessent LLC, TakexLabo Co. Ltd., Microban International, and PolyOne Corporation are some of the well-established companies in the global antimicrobial packaging market.

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Research experts at Transparency Market Research (TMR) prepared a study on global antimicrobial packaging market, which elucidates in the every minute detail pertaining to the market dynamics. TMR analysts predict that the market would grow at a steady rate of 5.6% CAGR during the forecast period, from 2016 to 2024.

North America to Lead the Market due to Growing Demand for Fresh Food Products

South America, Asia Pacific, the Middle East and Africa, Europe, and North America are some of the principal regions analyzed in the global antimicrobial packaging market.

North America is expected to account for a leading share of the market. The regional market is driven by countries like the U.S. where the demand for fresh food products have risen due to growing awareness about adverse effects of stale packaged food products. Antimicrobial packaging solutions prolongs the shelf life of food products, thereby retaining quality and freshness of food products.

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In the global antimicrobial packaging market, Asia Pacific is one of the fastest growing regions and also accounts for a large chunk of the market share. Hectic lifestyle changes the preferences for type of food that one eats. Ready-to-eat meals are becoming increasingly popular in countries like India, China, and Japan, which is supporting growth of the global antimicrobial packaging market during the assessment period.

Increasing Incidences of Illness Due to Food Contamination to Stoke Demand in the Market

Growth of microorganisms in food products is prevented through antimicrobial packaging solutions. These packaging solutions set loose antimicrobial active agents into food products, which prevents microbial growth in food thereby leading to prolonged shelf life. The active agents thus released by these packaging solutions retain quality of food and lessen use of additives and preservatives.

The global antimicrobial packaging market is also driven by growing demand from the healthcare industry, wherein it is used in various healthcare applications. These packaging solutions safeguard medical equipment, tablets, and plastic products from fungal and bacterial growth. Besides, addition of antimicrobial preservatives like bronopol, cresol, ethanol, parabens, and phenol prevent microbial contamination of pharmaceutical products.

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Apart from the pharmaceutical industry, the growth of the global antimicrobial packaging market is also driven by its demand arising out of the food and beverage industry. Increasing consumer demand for minimally processed, preservative-free, and perishable food items are supporting the growth of the market. The trend is likely to continue during the forecast period, from 2016 to 2024.

According to findings of Centers for Disease Control and Prevention (CDC), around 48 million people in America fall ill owing to consumption of contaminated food products. Food items like leafy vegetables, fruits and nuts, and meats usually are contaminated easily. Food contamination is an important issue in the food and beverage industry irrespective of the fact that nearly 9 million suffer from food-related illness stemming from known pathogens. As such, packaging of food products in antimicrobial packaging solutions are expected to maintain food quality and keep then fresh, thereby preventing illness related to food poisoning.

It is prophesized that with the increasing unavailability of cultivable land, farmers will resort to use of more pesticides and chemical fertilizers, thus making food contamination more of an issue for the people across the globe. Therefore, shortage of cultivable land offers more growth opportunities for the global antimicrobial packaging market.

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The information shared in this review is based on a TMR report, bearing the title, "Antimicrobial Packaging Market (Material - Plastic (PE, PET, PVC, LDPE, and HDPE), Biopolymer, Paperboard, Glass, and Tin; Technology - Controlled Release Packaging and Active Packaging; Antimicrobial Agent - Organic Acid, Bacteriocins, Essential Oils, Enzymes, and Metal Ions and Oxidizers; Package - Pouches, Bottles & Cans, Carton Packages, Trays, Bags, and Cups and Lids; Application - Food and Beverage, Personal Care, and Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024."

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