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The Antimicrobial Packaging Market is projected to register high demand during the forecast period due to it’s increasing use in various applications such as Food &n Beverages, Personal Care, Healthcare, and Others.
Antimicrobial packaging releases active agents into food products, which restrain the growth of micro-organisms and increase product life. These releasing compounds maintain food quality and reduce the need for preservatives and additives.
Segment Analysis:
Antimicrobial packaging is widely used in the healthcare industry. These components are specifically used to protect plastic products, tablets, and medical equipment against bacterial and fungal growth. Antimicrobial preservatives, such as phenol, ethanol, cresol, bronopol, and parabens can be added to pharmaceutical products to protect against microbial contamination.
The food & beverage industry is the fastest-growing application segment of the antimicrobial packaging market. Rising awareness regarding consumer health and longer life of products has resulted in increased demand for antimicrobial packaging. Population growth with increasing disposable incomes is also boosting the market. Large consumption of packaged food products due to the quick preparation of food has also raised the need for antimicrobial packaging. However, fluctuations in raw material costs may hinder the growth of the antimicrobial packaging market.
Key Factors Impacting Market Growth:
Regional Analysis:
The antimicrobial packaging market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and Asia Pacific are estimated to be major regions for the antimicrobial packaging market during the forecast period. The high growth of supply chain activities to cater various industries and development of packaging solutions is key to the growth of the antimicrobial packaging market in this region. In addition to this development of cold chain systems to cater perishable goods and government regulations on packaging waste disposal is also governing the demand for antimicrobial packaging market in this region. Major industry applications in these regions are Food &n beverages, personal care, healthcare, and others. The Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest-growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is key to the demand for antimicrobial packaging market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: BASF SE, Barr Brands International, The Dow Chemical Company, Mondi Plc, PolyOne Corporation, Biocote Limited, Dunmore Corporation, Linpac Senior Holdings, Microban International, Oplon Pure Sciences Ltd., and Takex Labo Co. Ltd
Market Segmentation:
By Material:
By Technology:
By Antimicrobial Agent:
By Pack Type:
By Application:
By Region:
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