MarketsandMarkets projects that the antimicrobial packaging market size will grow from USD 7.28 billion in 2015 to USD 10.00 billion by 2021, at a CAGR of 5.54%. The demand in this market is supported by increasing demand in the Asia-Pacific region and wide application in diverse industries. Antimicrobial packaging is one of the forms of active and controlled-release packaging technologies. It helps to increase the shelf life of the product and prevents microbial contamination to the packed product while ensuring its safety and quality. Antimicrobial packaging is widely used in the food industry as a result of the rising consumer demand for products that are perishable, preservative-free, and minimally processed.
Global antimicrobial packaging manufacturers and vendors are continuously adding innovation to their products & services to protect the enterprise networks against advanced persistent threats. Also, antimicrobial packaging solutions are being increasingly adopted in various verticals such as food & beverages, healthcare, consumer goods, personal care goods, and agricultural goods which have led to the growth of the market across the globe. Asia-Pacific is projected to have the largest market share during the forecast period with the highest potential for growth opportunities.
The food & beverages segment is projected to be the fastest-growing end-user industry in the next five years as a result of the rising consumer demand for products that are perishable, preservative-free, and minimally processed. Growing demand for quality and safe products increases the consumption of antimicrobial packaging. Furthermore, due to the growth of the antimicrobial packaging industry, technologies such as controlled release packaging and active packaging are extensively used. Controlled release packaging technology is relatively new but is projected to capture the market in future.
The global market for antimicrobial packaging is dominated by players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Mondi Plc (South Africa), PolyOne Corporation (U.S.), Biocote Limited (U.K.), Dunmore Corporation (U.S.), Linpac Senior Holdings (U.K.), Microban International (U.S.), Oplon Pure Sciences Ltd. (Israel), and Takex Labo Co. Ltd.
