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Antimicrobial Packaging Market : Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Antimicrobial Packaging Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Antimicrobial Packaging Market Overview

Antimicrobial packaging refers to the application of active packaging. The especially designed antimicrobial packaging prevents the superficial evolution of bacteria and germs in food by using antimicrobial mediator where the large portion of spillage and contamination occurs. It permits a well ordered release of antimicrobial mediator into the food surface throughout the storage.

Market Size and Forecast

The global antimicrobial packaging market is anticipated to flourish at a CAGR of 5.2% during the forecast period i.e. 2017-2024. Further, the market of antimicrobial packaging was valued at USD 7.65 Billion in 2016 and is projected to garner USD 11.48 Billion by the end of 2024. Factor such as, rising demand for confectionery & bakery products are anticipated to drive the growth of the global antimicrobial packaging market over the forecast period.

In the regional market, Asia Pacific is expected to dominate the overall market of antimicrobial packaging over the forecast period. Factors such as, rising demand for food between the youths & adults is anticipated to fuel the growth of the Asia Pacific antimicrobial packaging market over the forecast period. Further, factor such as increasing prevalence of diseases are envisioned to increase the growth of global antimicrobial packaging market in Asia Pacific over the forecast period.

North America antimicrobial packaging market is poised to record the fastest growth over the forecast period. Factor such as, increase in consumption of antimicrobial packaging are anticipated to drive the growth of the global antimicrobial packaging market over the forecast period in North America. CLICK TO DOWNLOAD SAMPLE

Antimicrobial Packaging

Based on type, antimicrobial packaging market is segmented into commodity plastic, high performance plastic and engineering plastic, out of which, commodity plastic is expected to dominate the overall market of antimicrobial packaging over the forecast period.

Market Segmentation

Our in-depth analysis has segmented global antimicrobial packaging market into the following segments:

By Type

  • Commodity Plastic
  • High Performance Plastic
  • Engineering Plastic

By Product Type

  • Plastic Bottles
  • Food Packaging 
  • Medical Equipment

By End User

  • Healthcare
  • Food & Beverages
  • Personal Care
  • Others

By Region

Global antimicrobial packaging market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Factor such as, lack of proper cold storage across the globe is anticipated to intensify the growth of the global antimicrobial packaging market. Further, rising concern amongst people about keeping good health and hygiene is anticipated to positively drive the growth of the antimicrobial packaging market during the forecast period.

Apart from this, increase in disposable income and high healthcare cost is anticipated to be the dynamic factor behind the growth of the antimicrobial packaging market. Moreover, rise in communicable diseases through microorganisms in the food is likely to further strengthen the growth of the global antimicrobial packaging market. However, cost effectiveness in raw material process is some of the key factors which are expected to limit the growth of global retail automation market in upcoming years.

Key Players

  • Mondi group
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • LINPAC Packaging
  • BioCote
  • Dunmore
  • King Plastic Corporation
  • OPLON
  • PolyOne Corporation
  • Microban
  • MicrobeGuard Corporation
  • Clariant AG

 


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