Published Date : 07 May 2024
The global antimicrobial packaging market size reached USD 8.45 billion in 2023 and is projected to hit around USD 14.39 billion by 2032 with a notable CAGR of 6.10% from 2023 to 2032. The rising surge in the packaging sector is driving the growth of the antimicrobial packaging market.
The antimicrobial packaging market is the packaging industry's platform that deals with the sale, production, and development of antimicrobial packaging materials. Antimicrobial packaging is the application of active packaging. These are specially designed for the assessment in the prevention of significant revolution of germs and bacteria in food by using antimicrobial mediators where spoilage and a bigger portion of contamination occurs. The higher use of antimicrobial packaging in food products that require minimal procedure acts are perishable and preservative-free and are the major driving factors of the market. The surge in awareness regarding the safety of the products, high adoption of the packaging to avoid the growth of microorganisms, long shelf-life of products, and consumer health are expected to drive the market growth. In addition, an increase in disposable income, changing lifestyles, increasing health consciousness, and rapid urbanization are also anticipated to enhance the market growth.
Increasing demand for packaged food to fuel the market growth
In the modern lifestyle, people do not have sufficient time to cook, so they prefer packaged food products such as ready-to-eat foods, sugar-flavored beverages, sauces, frozen meals, and instant noodles. So, the rising demand for packaged food is a major factor in boosting market growth. An antimicrobial packaging system helps to protect packaged food products from various microorganisms through physical and chemical factors. Antimicrobial packaging refers to packaging systems and materials that include antimicrobial agents, such as organic acids, enzymes, and tiny silver particles, to boost the growth of the fungi, bacteria, and other microorganisms that can contaminate or spoil the food. Antimicrobial packaging can help reduce the risk of contamination and extend the shelf life of food products, which helps reduce food waste and improve food safety. These are the major factors expected to drive the demand for the antimicrobial packaging market.
However, high and fluctuating prices of antimicrobial packaging restrain the market growth. The volatility and high costs of raw materials hinder the growth of the market. The temperature determines the microorganism's growth in products, specifically medical and food products, and must be at a specific temperature to prevent contamination. Therefore, it increases focus on good hygiene and maintaining development and lack of storage at a specific temperature to restrain the market growth. In addition, the high cost related to the infrastructure and technology to produce antimicrobial packaging is a discouraging factor for the small market players. These are the factors responsible for the challenge of the demand for antimicrobial packaging in the market.
| Report Coverage | Details |
| Market Revenue in 2023 | USD 8.45 Billion |
| Projected Forecast Revenue by 2032 | USD 14.39 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 6.10% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Asia-Pacific dominated the antimicrobial packaging market in 2023 and is anticipated to continue to do so during the projected period. It will dominate in 2023 and is expected to dominate throughout the forecast period. The busy lifestyle, rising employment, the growing frequency of food poisoning cases, and increasing demands for drinks, packaged foods, and government initiatives in the growth of food awareness are the major factors anticipated for the growth of the market in Asia Pacific. India, China, Japan, and South Korea are the developing countries of the market in the Asia Pacific region. When it comes to concerns about bacteria and hygienic food storage, the perfect solution is Indian antimicrobial packaging. Antimicrobial packaging is an emerging industry in India, especially in food and beverages. The packaging innovations and technological advancements in antimicrobial packaging are expected to drive market growth in India and China. The major market players can benefit from these opportunities by improving sustainable and cost-effective antimicrobial packaging solutions to meet the innovative demands of the Indian and Chinese markets. The strategic partnerships and collaborations with local producers also help to develop the antimicrobial packaging industry in India and China. In the Asia Pacific, there are many topmost manufacturers of antimicrobial packaging, such as Dunmore Corp., Mondi Plc, Dow Chemical, and BASF SE. These are the major factors and leading market players that are anticipated to drive the growth of the antimicrobial packaging market in the Asia Pacific region.
Bio-based plastics to expand the shelf life of packaged food
Increasing demand for bio-based plastics than petroleum-based products to minimize greenhouse emissions can drive market growth. Such emissions can affect the food chain and damage marine ecosystems as a result of bioaccumulation. To solve the issue, research organizations and manufacturing companies are included in research and development activities to improve bio-based compounds for antimicrobial food packaging. These are the crucial opportunities that are expected to drive the growth of the antimicrobial packaging market.
Market Segmentation
By Material Type
By Agent Type
By Pack Type
By Technology
By Application
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