Antimicrobial Packaging Market to Grow with a CAGR of 5.64% through 2028
Growing research and development activities expected to drive the Global Antimicrobial Packaging Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Antimicrobial Packaging Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Antimicrobial Packaging Market stood at USD10.97 billion in 2022 and is anticipated to grow with a CAGR of 5.64% in the forecast period, 2023-2028. The initiatives taken by government based on antimicrobial packaging has led to favorable market conditions for the Global Antimicrobial Packaging Market. Several factors contribute to the growth of various antimicrobial packaging products.
National Action Plan for Combating Antibiotic-Resistant Bacteria: Launched by the US government, this comprehensive plan aims to address the growing threat of antibiotic resistance. It emphasizes the importance of infection prevention and control measures, with the goal of slowing the spread of resistant infections and reducing the overuse of antibiotics. By promoting collaboration among healthcare providers, researchers, and policymakers, this initiative seeks to protect public health and preserve the effectiveness of antibiotics for future generations.
The WHO Policy Package to Combat Antimicrobial Resistance: This holistic package of policies and strategies, developed by the World Health Organization (WHO), provides a roadmap for countries to tackle the global challenge of antimicrobial resistance (AMR). It underscores the need for coordinated efforts across sectors, including human health, animal health, and agriculture, to combat AMR. By reframing critical actions and engaging all stakeholders, this policy package aims to drive transformative change in the fight against AMR.
EU Action on Antimicrobial Resistance: On April 26, 2023, the European Commission adopted a proposal to strengthen the European Union's response to antimicrobial resistance. This proposal outlines a range of actions to improve the prevention, surveillance, and control of AMR, both within the EU and globally. It emphasizes the importance of responsible antibiotic use, promoting research and innovation, and enhancing international cooperation. By taking proactive measures, the EU is committed to safeguarding public health and ensuring the continued effectiveness of antibiotics.
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As consumers continue to prioritize products with longer shelf lives, companies are increasingly investing in research and development (R&D) initiatives to create innovative packaging solutions that can effectively meet these evolving expectations. These R&D efforts aim to address the growing demand for packaging solutions that not only extend the shelf life of products but also ensure their safety and quality throughout the entire supply chain.
In addition to the demand for longer shelf lives, there is a heightened awareness among consumers about the potential risks associated with contaminated products, such as foodborne illnesses and other health concerns. This increased awareness has led to a growing need for safer packaging solutions that can prevent contamination and maintain product integrity. Consequently, R&D efforts are focusing on developing advanced antimicrobial packaging technologies that can effectively inhibit the growth of harmful microorganisms, providing an extra layer of protection for both consumers and manufacturers.
By investing in R&D and continuously pushing the boundaries of packaging innovation, companies are not only meeting consumer expectations for longer shelf lives and safer products but also contributing to the overall improvement of food safety and quality standards in the industry.
The Global Antimicrobial Packaging Market is segmented into pack type, base material, end user, regional distribution, and company
Based on its pack type, the pouches segment held the largest share in the market. These versatile pouches have gained widespread adoption across various industries, including food, agriculture, personal care, and healthcare, due to their multitude of applications. In particular, carton packages have become a staple in the food and beverage industry, offering a reliable and sustainable solution. Crafted from paper-based packaging materials, these carton bags provide an effective barrier against microbes, ensuring the integrity and safety of the enclosed food products. Their eco-friendly nature further enhances their appeal, making them a preferred choice for conscientious consumers and businesses alike.
Based on region, Asia Pacific segment is expected to grow during the forecast period.
The growing demand for food among youths and adults, coupled with the increasing prevalence of diseases, has significantly contributed to the regional market growth. In particular, emerging nations such as India and China are expected to play a pivotal role in making the Asia Pacific region the fastest-growing market in the coming years. This growth not only presents numerous opportunities in the field but also highlights the importance of addressing the evolving needs of the population and developing sustainable solutions to meet the rising demands.
Major companies
operating in Global Antimicrobial Packaging Market are:
- Avient Corporation
- BASF SE
- BioCote Limited
- The Dow Chemical Company
- DUNMORE Corporation
- Klockner Pentaplast Ltd.
- Microban International Ltd
- Mondi plc
- Sciessent LLC
- Takex labo Co., Ltd
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“Growing application of antimicrobial packaging in various end user industries are key drivers of the antimicrobial packaging market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of antimicrobial packaging with every passing year are anticipated to register an impressive growth to Global Antimicrobial Packaging Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Antimicrobial Packaging Market By Pack Type (Pouches, Carton Packages, Bags, Trays, Cups & Lids, Others), By Base Material (Plastics, Biopolymer, Paperboard, Others), By End User (Food & Beverage, Personal Care, Healthcare, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Antimicrobial Packaging Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Antimicrobial Packaging Market.
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