Antimicrobial Packaging Market Analysis by Material (Plastics, Biopolymers, and Paper & Paperboard); by Antimicrobial Agents (Organic Acid, and Bacteriocins); and by Type (Bags, Pouches, and Trays) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Buy Now Report ID: 22 | Published Date: Feb 14, 2023
The global antimicrobial packaging market is estimated to garner a revenue of ~USD 15 billion by the end of 2033 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 9 billion in the year 2022. The growth of the market can be attributed to a rising number of infectious and foodborne diseases and a surge in the demand for safe packaging. According to the World Health Organization, 600 million cases of foodborne diseases are registered every year owing to unsafe food worldwide.
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Antimicrobial packaging is extensively used in the food and medical industry. Its ability to keep the product fresh is expected to boost market growth. Moreover, there has been tremendous growth in the healthcare industry which is anticipated to drive market growth over the forecast period.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~9% |
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Base Year Market Size (2022) |
~ USD 9 Billion |
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Forecast Year Market Size (2033) |
~ USD 15 Billion |
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Regional Scope |
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Growth Drivers
Increasing Focus on Green Packaging Technology - More preference is given to green packaging technology by many industries to phase out single-use plastic because of the adverse consequences of littered plastic on both terrestrial and aquatic ecosystems which in return is expected to drive the growth of the antimicrobial packaging market. More than 90% of plastic is not recycled and nearly 50% of global annual plastic production is used as a single-use product.
Increasing Incidences Owing to Antimicrobial Resistance (AMR) – which is expected to rise higher, to as many as ~10 million deaths annually by 2050 globally.
Increasing Public Expenditure on Healthcare – as per the Economic Survey of 2022, India spent 2.1 percent of GDP on public healthcare in 2021–2022, up from 1.8 percent in 2020–2021.
Growth in the Packaging Industry - the total value of the packaging industry in United States in 2019 amounted to around USD 180 billion.
Lack of Proper Temperature Storage - Food and medicinal products require a specific temperature to store. It is necessary as it protects the product from getting contaminated. However, lack of proper temperature may result in the spoiling of the product which is expected to restrain the market growth.
High Cost and Fluctuating Nature of Raw Material
Its Ability to Cause Pollution
The global antimicrobial packaging market is segmented and analyzed for demand and supply by material into plastics, biopolymers, and paper & paperboard. Amongst these segments, the biopolymers segment is anticipated to garner the largest revenue by the end of 2033, backed by its ability to lead to less pollution in the environment than plastics as it contains material such as rice which can be easily degraded, causing less or no pollution. Almost two-thirds of plastic waste is made up of plastics with a lifespan of fewer than 5 years, with packaging accounting for 40%, consumer products for 12%, and apparel and textiles for 11% of this waste.
The Asia Pacific antimicrobial packaging market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, backed by the increasing population. The larger the population more the medication is required and hence to transport the medication to every corner proper packaging is needed. 6o% of the world’s population belongs to Asia and the Pacific region which is almost 4.3 billion people living here. India and China are considered to be the most populated nations.
Our in-depth analysis of the global antimicrobial packaging market includes the following segments:
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By Material |
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By Antimicrobial Agents |
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By Type |
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Avient Corporation
Avient Corporation announced launch of GLS Thermoplastic Elastomers with the help of Antimicrobial technology which provides protection against microbial growth.
Mondi Plc announced its collaboration with Fiorini for the development of new fully recyclable paper packaging for premium pasta.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Sadaf Naaz, Mohd Shadab
Ans: The factors driving the growth of the market are growing awareness among people regarding healthcare, increasing focus on green packaging technology, growth in packaging market, and others.
Ans: The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023 – 2033.
Ans: Lack of proper temperature storage, high cost and fluctuating nature of raw material, and its ability to cause pollution are expected to hinder the growth of the market.
Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are BASF SE, The Dow Chemical Company, Mondi Plc, Avient Corporation, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by material, antimicrobial agents, type, and by region.
Ans: The biopolymers segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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