Global Antimicrobial Packaging Market – Overview
The antimicrobial packaging is the largest segment in the packaging industry. The antimicrobial packaging solutions offer benefits such as maintaining the quality of the products, increasing the shelf-life of the commodity, and keeping them fresh. The Global Antimicrobial Packaging Market is growing with the rapid pace; mainly due to the growth in packaged food industries. Increase in consumer income in countries such as China, India, and Brazil, have led to growth in demand for good-quality packaged food.
According to a recent study report published by the Market Research Future, The global market of Antimicrobial Packaging is booming and expected to gain prominence over the forecast period. The global Antimicrobial Packaging market is forecasted to demonstrate an exponential growth by 2022, surpassing its previous growth records in terms of value with a whooping, CAGR of during the estimated period (2017 – 2022).
Currently, rising awareness regarding consumer health and longer shelf life of products has resulted in increased usage for antimicrobial packaging products. Increasing demand for baked & confectionery products among consumers in developing regions are also expected to aid the market growth for antimicrobial packaging. However, fluctuating prices of raw materials is the factor may hamper the growth of the market.
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Industry News
LINPAC Packaging, the leading food packaging company, which caters for the bakery, fresh produce, fast food and meat, fish and poultry sectors, has been working in partnership with several supplier companies to develop a range of antimicrobial tray and film solutions, which reduce spoilage and increase the shelf life of food by inhibiting the growth of bacteria, moulds and yeast.
Uflex has developed flexible packaging material with anti-microbial properties. The special properties of the FDA approved packaging material keep the pouch active by scavenging microbial growth thereby enhancing the shelf life of the cooked food packed inside.
Key Players
Uflex has developed flexible packaging material with anti-microbial properties. The special properties of the FDA approved packaging material keep the pouch active by scavenging microbial growth thereby enhancing the shelf life of the cooked food packed inside are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Antimicrobial Packaging Market.
Global Antimicrobial Packaging Market – Competitive Analysis
Global Antimicrobial Packaging Market appears to be highly fragmented and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Antimicrobial Packaging manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Antimicrobial Packaging for every application.
Antimicrobial Packaging Market – Segmentation
Global Antimicrobial Packaging Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
Segmentation:
On the basis of materials, the market has been segmented as Plastic, Paper & Paperboard and others. Plastic dominates the material segment of the market. Plastic is one of the most widely used material used for packaging across various end-use industries. Plastic in the form of PVC, PE, PP, PET, and others are used extensively in packaging segment. The material offers high barrier, cost efficient, temperature resistance and durable packaging options. paper & paperboard is also the major material. Paper-based packaging is a versatile and cost-efficient method to transport, protect and preserve a wide array of items
Based on types, the market has been segmented into Bags, Pouches, Carton packages and others. Pouches is expected to be the fastest-growing type in the antimicrobial packaging market as it can be used to pack various types of products belonging to different industries. Pouches are available in different types such as stand-up pouches, retort pouches, and pillow pouches.
On the basis of application, the market has been segmented into Food & beverages, Healthcare, Personal Care, and others. Food and beverages are the major applications of the market. Demand for ready-to-eat and on-the-go foods and drinks continues to grow. With increase in the consumption of processed food will increase the demand of the market. Personal Care is also is also the major application of the market.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Global Antimicrobial Packaging Market – Regional Analysis
Europe dominates the global Antimicrobial Packaging market. The U.K., Germany and France dominate the Antimicrobial Packaging market in Europe. Growing demand for consumer goods and packaged foods is expected to spur market growth.
Asia Pacific region expected to grow at the fastest pace during the forecast period. Increasing number of working women, migration of people from urban to rural areas, and rise in disposable income in emerging economies, are the factors that fuel the demand of packaged food. In Asia-Pacific region, China, India, Malaysia, and Indonesia are major markets for antimicrobial Packaging. China accounted for the largest share in Asia pacific region mainly due to strong economic growth.
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Target Audience
- Manufactures
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
The report for Global Antimicrobial Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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