Antimicrobial Packaging Market: - Global Industry Analysis, Size | Trends, Forecast 2024

The ability of top products from the global antimicrobial packaging market are completely capable of providing stored food and beverage contents with a well-extended shelf life. This forms the leading driver for the market currently. The global antimicrobial packaging market is also expected to be augmented by the increased demand shown by consumers resulting from a greater awareness on health issues that come with improper storage and use of wrong storage materials. The overall demand for antimicrobial packaging has also benefitted from a globally increasing consumption rate of processed foods. However, the global antimicrobial packaging market is governed by extremely strict regulations that vary between regions, making it difficult for newer players to keep implementing the varied safety standards.

The global antimicrobial packaging market is expected to rise to US$11.88 bn by the end of 2024, after expanding at a CAGR of 5.6% within a forecast period from 2016 to 2024. The market was valued at US$7.65 bn at the end of 2015.

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Plastics Considered Ultimate Antimicrobial Packaging

Based on materials, the global antimicrobial packaging market can be segmented into tin, paperboards, biopolymers, plastics, and other minority materials. Among these, plastics have long been popular as antimicrobial packaging materials due to their physical, mechanical, and chemical superiority over other options currently available. Plastics are easily moldable, can provide sufficient levels of elasticity, protection against tears, multiple layered packaging, all at a very low cost as compared to other packaging materials. It has become extremely common to see plastics being used in all aspects of the packaging industry, and it holds a special importance in antimicrobial packaging due to the inertness of certain plastics to bacteria as well as the ease of using vacuum or gas-filled antimicrobial packaging. However, using plastics comes at the cost of complicating disposal and waste management, as these plastics are largely non-biodegradable. Recycling of plastics at a large scale is still a difficult process to carry out, especially in developing economies. This is the leading cause of growth for the segment of biopolymers, due to their ability of being easier to dispose and being less harmful to nature. The segment of biopolymers in the global antimicrobial packaging market is expected to expand at a leading CAGR within 2016 and 2024.

In 2015, leading players in the global antimicrobial packaging market included Sciessent LLC, Takex Labo Co. Ltd, The Dow Chemical Company, BASF SE, LINPAC Senior Holdings Limited, Barr Brands International, Mondi PLC, BioCote Limited, PolyOne Corporation, and Dunmore Corporation.

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