Antimicrobial Packaging Market size is estimated to reach USD 15 Billion by the end of 2033, growing at a CAGR of 9% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of antimicrobial packaging was over USD 9 Billion. 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.
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.
Growth Drivers
Challenges
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
9% |
Base Year Market Size (2022) |
USD 9 Billion |
Forecast Year Market Size (2033) |
USD 15 Billion |
Regional Scope |
|
Material (Plastics, Biopolymers, Paper & Paperboard)
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.
Our in-depth analysis of the global market includes the following segments:
By Material |
|
By Antimicrobial Agents |
|
By Type |
|
Asia Pacific Market Forecast
The Asia Pacific 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.
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.
Author Credits: Sadaf Naaz, Mohd Shadab
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