MarketsandMarkets projects that the antimicrobial packaging market size will grow from USD 7.28 Billion in 2015 to USD 10.00 Billion by 2021, at an estimated CAGR of 5.54%. The rising concerns toward food wastage, growing consumer awareness about health-related issues, rising consumption of products with shorter shelf life such as meat products, and increasing demand by various end-user industries such as food & beverage, healthcare, personal care, consumer goods, and agricultural products are the major factors driving the growth of the antimicrobial packaging market. Additionally, with rapid urbanization and demand for better quality products across the globe, there is a rapidly increasing need for antimicrobial packaging. Food & beverages is projected to have the largest market share and dominate the antimicrobial packaging market. Healthcare is the next application to play a key role in changing the antimicrobial packaging landscape and is projected to grow at the second-highest rate during the forecast period.
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Plastics as a base material to play a key role
The report defines and segments the antimicrobial packaging market on the basis of base material into plastics, biopolymer, paper & paperboard, and others. The plastics segment is estimated to contribute the largest market share whereas paper & paperboard, at the second-largest market share, will play a key role in changing the antimicrobial packaging landscape during the forecast period. Apart from this, biopolymer is also projected to add to the healthy growth.
The antimicrobial packaging solutions offer various advantages such as maintaining the quality of the products, increasing the shelf-life of the commodity, and keeping them fresh. These are some of the main reasons which have led to the increase in the share of antimicrobial packaging in the packaging industry. The food & beverages industry, for a long time, has been the major contributor to the rising demand for antimicrobial packaging.
Antimicrobial packaging solutions are widely used across regions. The Asia-Pacific region leads the market due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As antimicrobial packaging is used widely by different industries, such as food & beverages and healthcare, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these packaging solutions. This is followed by Europe, which is the second-largest market for antimicrobial packaging, followed by North America and Rest of the World.
The global market for antimicrobial packaging is dominated by players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Mondi Plc (South Africa), PolyOne Corporation (U.S.), Biocote Limited (U.K.), Dunmore Corporation (U.S.), Linpac Senior Holdings (U.K.), Microban International (U.S.), Oplon Pure Sciences Ltd. (Israel), and Takex Labo Co. Ltd.
Packaging market 