According to the latest market research study released by Technavio, the global antimicrobial packaging market is expected to grow at a CAGR of around 5% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global antimicrobial packaging market based on material:
Global antimicrobial packaging market share by material 2015
|
Plastic |
58.81% |
|
Biopolymer |
17.89% |
|
Paperboard |
16.32% |
|
Others |
6.98% |
Source: Technavio
The top three revenue contributing material segments are discussed below:
Global antimicrobial plastic packaging market
The plastic segment accounted for around 59% share of the global antimicrobial packaging market. Plastic packaging is mainly used in industries such as food and beverage, personal care, and home care. The demand for flexible plastic packaging is expected to increase at a significant rate during the forecast period. One of the key factors behind the increased demand for flexible packaging is the growing need for convenient packaging. Plastic packaging products are gaining preference over other packaging materials as they are lightweight, comparatively lower costs, and available in various designs.
“Vendors are integrating antimicrobial agents such as grapefruit seed extracts (GFSE) on the surface of polyethylene (PE), low-density polyethylene (LDPE), and PLA packaging by the co-extrusion or solution-coating process. The packaging materials coated with GFSE showed activity against several microorganisms and helped in reducing the growth rates of bacteria in food packaging,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Plastic pouches are the major packaging products used in the food and beverage and healthcare industries and accounted for around 40% of the global plastic packaging market by volume in 2015. Pouches coated with antimicrobial agents are expected to witness a similar trend during the forecast period due to their usage across different industries. Pouches are also expected to witness the highest growth among all packaging products during the forecast period.
Global antimicrobial biopolymer packaging market
Biopolymer-based packaging films are gaining prominence in the antimicrobial packaging market because of the increased demand from consumers for renewable packaging materials. The segment is expected to witness an impressive growth of around 6% during the forecast period. The use of these films depends on cost, availability, barrier properties such as resistance to external environment. There has been significant reduction of bacterial population with the use of antimicrobial films resulting in more demand for antimicrobial biopolymer-based packaging films. The antimicrobial biopolymer films help in extending the shelf life of food by controlling the growth of spoilage bacteria and assure the safety of such products by offering protection against pathogens. This has prompted manufacturers to prefer biopolymer-based packaging to other alternatives for packaging. The outbreaks of food-borne diseases emphasized the obligation for alternative ways of controlling bacterial growth in food products. Moreover, the growing demand for minimally processed food containing fewer preservatives and additives is compelling the packaging manufacturers to introduce antimicrobial biopolymer-based packaging films. With an increase in the use of high barrier solutions, improved resin formulations, and highly efficient machinery solutions for filling plastic packaging, the market has widened the end-use potential of antimicrobial biopolymer-based packaging. The food and beverage industry is the major end-user of antimicrobial biopolymer-based packaging, accounting for around 80% of the global demand in 2015.
Global antimicrobial paperboard packaging market
The key application segments for antimicrobial paperboard packaging include the pharmaceutical and food industries, primarily fast food packaging and liquid packaging. The market will benefit from demographic changes such as the aging of the population leading to increased consumption of pharmaceuticals. The demand for health and personal care products is also expected to grow, increasing the usage of folding cartons in these segments. However, the strong demand for plastic packaging solutions (mainly flexible formats) for the same target applications will adversely affect the paperboard packaging market.
The top leading vendors operating in the global antimicrobial packaging market are:
- LINPAC
- Mondi
- PolyOne
- BioCote
Other prominent vendors in the market include Agion Technologies, Covestro, BASF, DOW Chemical, Dunmore Corporation, Microban International, and Sealed Air.
A more detailed analysis is available in the Technavio report titled, ‘Global Antimicrobial Packaging Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Flexible Packaging Market for Food and Beverages 2016-2020
- Global PET Packaging Market 2016-2020
- Global Sterilized Packaging Market 2016-2020
- Global Advanced Packaging Market 2015-2019
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