Global Antimicrobial Packaging Market
Global Antimicrobial Packaging Market
Global Antimicrobial Packaging Market was valued at US$ 7.79 Bn in 2019 and is expected to reach US$ 12.1 Bn by 2027, at a CAGR of 5.66% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Antimicrobial Packaging Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to the emerging segment in the Antimicrobial Packaging Market.
The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
On the basis of end-user, the food & beverages segment is projected to hold the largest share in the global antimicrobial packaging market during the forecast period owing to growing consumer demand for food items that are fresh, minimally processed, and preservative-free. Increasing concerns regarding food quality and safe products, which is surges the consumption of antimicrobial packaging across the globe.
In terms of technology, controlled release packaging technology is anticipated to drive the global antimicrobial packaging market growth in the future. Based on the material type, paperboard is expected to hold the largest share in the global antimicrobial packaging market during the forecast period owing to increasing concerns regarding the environment among consumers across the globe.
Various governments are banning the usage of plastic is boosting the demand for biodegradable packaging solutions, which is driving the market growth. The plastics segment is anticipated to drive the global antimicrobial packaging market growth during the forecast period as it has features such as cost-efficiency and availability.
Increasing concern among consumers about keeping good health and hygiene, which is driving the antimicrobial packaging market growth in a positive way across the globe. Growing demand for confectionery & bakery products, which is projected to fuel the market growth in the forecast period.
In terms of region, the Asia Pacific is expected to hold the largest share in the global antimicrobial packaging market during the forecast period owing to antimicrobial packaging solutions are widely used in this region. Growing population and increasing industrialization are driving the antimicrobial packaging market growth in a positive way.
Rising demand for antimicrobial packaging solutions from various end-use industries such as healthcare and food & beverages, which is propelling the antimicrobial packaging market growth in this region. Europe is estimated to generate the highest CAGR in the market during the forecast period as a rise in the consumption of antimicrobial packaging. North America is also expected to boost the market in the near future due to the presence of major manufacturing hubs in this region.
Scope of the Report Antimicrobial Packaging Market: Inquire before buying
Antimicrobial Packaging Market, by Material Type
• Plastics
• Biopolymer
• Paperboard
• Others
Antimicrobial Packaging Market, by Pack Type
• Bags
• Pouches
• Others
Antimicrobial Packaging Market, by Technology
• Controlled Release
• Active
Antimicrobial Packaging Market, by Antimicrobial Agents
• Organic Acid
• Bacteriocins
• Others
Antimicrobial Packaging Market, by End-User
• Healthcare
• Food & Beverages
• Personal Care
• Others
Antimicrobial Packaging Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Antimicrobial Packaging Market
• PolyOne Corporation
• Microban
• MicrobeGuard Corporation
• LINPAC Packaging
• BioCote
• Dunmore
• King Plastic Corporation
• OPLON
• Clariant AG
• Mondi group
• BASF SE
• The Dow Chemical Company
• Takex Labo Co. Ltd.
• Avient Corporation
• Bayer AG
• Parx Materials NV
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