Global Antimicrobial Packaging Market to reach US$ 11,887.6 million by 2024, driven by Increase in Demand of Food & Beverages with Longer Shelf Life, Growing Consumer Awareness about Health Related Issues and Increase in Consumption of Processed Food

According to a new market report published by Transparency Market Research, “Global Antimicrobial Packaging Market (By Material – Plastic, Biopolymer, Paperboard, Glass, Tin and Others, By Technology– Controlled Release Packaging and Active Packaging, By Antimicrobial Agents – Organic Acid, Bacteriocins, Essential Oils, Enzymes, Metal Ions & Oxidizers and Others, By Package Type – Pouches, Bottles & Cans, Carton Packages, Trays, Bags, Cups & Lids and Others, By Application – Food & Beverage, Personal Care, Healthcare and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2024” was valued in terms of revenue at US$ 7,280.0 Mn in 2015 and is expected to reach US$ 11,887.6 Mn by the end of the forecast period 2024, growing at a CAGR of 5.6% from 2016 to 2024. 

Browse the full report at http://www.transparencymarketresearch.com/antimicrobial-packaging-market.html

Asia Pacific and North America witness high demand of antimicrobial packaging for various end-user industries. This is attributed to the climatic conditions of Asia Pacific which leads to spoilage of food & beverage items. Tropical climatic conditions results in food contamination along with loss of freshness and decreased shelf-life. Thus, demand for antimicrobial packaging is high in the region. This region accounts for close to 35% of the market share in 2015 and is forecasted to have a high market growth rate over the forecast period. In addition, changing lifestyle of people in the countries of Asia Pacific is another major reason of increased demand of antimicrobial packaging in the region. Increased demand of packaged food and convenience food & beverage is resulting in increased demand of antimicrobial packaging in the region. With rapid urbanization and increased working population, growth in the consumption of fast food is rapid and therefore increased demand of antimicrobial packaging. This region is also forecasted to witness the most rapid growth rate over the forecast period of 2016 – 2024. This is attributed to large population in the countries of Asia Pacific such as in China and India among others. With larger number of key players having presence in the region, supply of this kind of packaging is at par with the high demand.

North America follows Asia Pacific in the global market holding the second prime market share in 2015 and is also forecasted to have a high growth rate. North America witnesses high demand of packaged food and beverages owing to large urban population and modern lifestyle. With majority of the population falling under the working category, demand for antimicrobial packaging is high in the region. In addition, due to cold climatic conditions, consumers tend to store food for a longer period of time. This leads to increased demand of this kind of packaging which helps in elongating shelf-life of products and maintain freshness with reduced risk of contamination. U.S is the biggest market in North America with close to 80% market share. This is attributed to large number of working population in the country and high demand of processed food & beverage.

Europe is the third prime market of the global antimicrobial packaging market. It accounts for a lesser market share owing to colder climates across the region which helps in maintaining the freshness of the products. Thus, demand for antimicrobial packaging is lesser than that of regions that experiences higher temperatures. U.K is the biggest market in this region owing to high volume of urban population and larger demand for packaged food and beverages among the consumers. Germany is the second prime market in the region followed by France and Italy. This is attributed to rapid urbanization in the regions followed by increased demand of products that require antimicrobial packaging. In addition, growth in the healthcare sector along with increased awareness about the benefits of antimicrobial packaging in storing drugs and chemicals is gradually increasing the demand for antimicrobial packaging in the region.

Middle East & Africa is forecasted to witness rapid growth rate over the forecast period owing to increased demand of antimicrobial packaging to increase shelf-life of products and maintain freshness. Rapid industrialization is increasing working population in the region which is increasing demand of convenience food & beverages. South Africa is the most dominant market in the region followed by UAE.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/antimicrobial-packaging-market.htm

Latin America is forecasted to witness steady growth rate over the forecast period owing to increased demand of antimicrobial packaging in the region form end-user industries such as food & beverage and healthcare.

Some of the major players of the global antimicrobial packaging market include Takex Labo Co.Ltd, Sciessent LLC, BASF SE, The Dow Chemical Company, Barr Brands International, Mondi PLC, LINPAC Senior Holdings Limited, PolyOne Corporation, BioCote Limited and Dunmore Corporation among others.

Global Antimicrobial Packaging Market, by Material

  • Plastic
    • Polyethylene (PE)
    • Polyethylene Terephthalate (PET)
    • Polyvinyl Chloride (PVC)
    • Low-Density Polyethylene (LDPE)
    • High-Density Polyethylene (HDPE)
  • Biopolymer
  • Paperboard
  • Glass
  • Tin
  • Others

Global Antimicrobial Packaging Market, by Technology

  • Controlled Release Packaging
  • Active Packaging

Global Antimicrobial Packaging Market, by Antimicrobial Agents

  • Organic Acid
  • Bacteriocins
  • Essential Oils
  • Enzymes
  • Metal Ion & Oxidizers
  • Others

Global Antimicrobial Packaging Market, by Package Type

  • Pouches
  • Bottles & Cans
  • Carton Packages
  • Trays
  • Bags
  • Cups & Lids
  • Others

Global Antimicrobial Packaging Market, by Application

  • Food & Beverage
  • Personal Care
  • Healthcare
  • Others

Global Antimicrobial Packaging Market, by Geography: The market is broadly segmented on the basis of geography into:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East and Africa
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America
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