Antimicrobial Packaging Market to grow at a CAGR of 7.4% during 2024-2028
The Antimicrobial Packaging Market is expected to grow at a CAGR of 7.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4935 million. In the global antimicrobial packaging market, there is a growing trend towards the adoption of eco-friendly and biodegradable antimicrobial packaging solutions. This shift is driven by increasing consumer awareness of environmental issues and regulatory pressures on plastic usage. As the world addresses plastic pollution, manufacturers are turning to sustainable alternatives that provide antimicrobial properties while reducing environmental impact. Biodegradable materials, such as plant-based polymers and other renewable resources, are becoming increasingly popular. These sustainable packaging solutions effectively protect against microbial contamination and decompose naturally after use, aligning with circular economy principles. Brands that offer such environmentally conscious products can appeal to consumers who prioritize reducing harm to the planet.
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Technavio analysts predict that the Plastic subsegment will lead the Material segment during 2024 and 2028 In the global antimicrobial packaging market, the plastic segment held a significant market share in 2023. The popularity of plastic is attributed to its ease of manufacturing, affordability, flexibility, and resistance to moisture. The food and beverage industry's increasing demand for plastic is driving the segment's growth. Antimicrobial-coated plastic is a preferred choice due to its lightweight, cost-effective nature, and ability to keep food contamination at bay for an extended period. Furthermore, the burgeoning food and beverage, as well as personal care industries, are fueling the demand for antimicrobial plastic packaging due to its effectiveness in maintaining product hygiene and shelf life. This trend is expected to continue, leading to a surge in demand for plastic packaging throughout the forecast period.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish growing consumption of packaged beverages
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The Antimicrobial Packaging Market is witnessing significant growth due to the increasing concern for food safety and health-related awareness among consumers. With the rise in the number of pathogens, including bacteria, contaminating food and consumer goods, there is a growing demand for antimicrobial packaging solutions. Antimicrobial plastics, an essential component of active packaging, are increasingly being used to extend the shelf life of perishable products such as packaged food, agricultural products, meat products, and personal care items. Food contact regulations are stringent, and the use of antimicrobial agents in packaging is subject to these regulations. Technology plays a crucial role in the development of antimicrobial packaging, with ongoing research and innovation in antimicrobial agents and their application methods. Working women and busy families are driving the demand for minimally processed, preservative-free products, which require effective antimicrobial packaging solutions to ensure freshness and safety. The market for antimicrobial packaging is not limited to food and agricultural products but also includes consumer goods such as cosmetics and personal care items. The antimicrobial packaging market is expected to continue its growth trajectory, offering significant opportunities for manufacturers and suppliers.
The antimicrobial packaging market encompasses a diverse range of suppliers and stakeholders, with a complex supply chain that involves the procurement of raw materials, such as steel, aluminum, tin for metal containers, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers, and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. The research and development of antimicrobial agents, manufacturing processes, and distribution channels are integral components of this supply chain, ensuring the delivery of effective antimicrobial packaging solutions to end-users.
The Antimicrobial Packaging Market is experiencing significant growth, fueled by the growing consumption of packaged beverages. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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