Market Research Report
Antimicrobial Packaging Market by Base Material (Plastics, Biopolymer, Paperboard), Antimicrobial Agents (Organic acid, Bacteriocins), Technology (Controlled release, Active), Pack Type (Bags, Pouches), Application - Forecast to 2021
|Published by||MarketsandMarkets||Product code||357635|
|Published||Content info||296 Pages
Delivery time: 1-2 business days
|Antimicrobial Packaging Market by Base Material (Plastics, Biopolymer, Paperboard), Antimicrobial Agents (Organic acid, Bacteriocins), Technology (Controlled release, Active), Pack Type (Bags, Pouches), Application - Forecast to 2021|
|Published: May 5, 2016||Content info: 296 Pages||
The antimicrobial packaging market size is estimated to grow from USD 7.28 billion in 2015 to USD 10.00 billion by 2021, at a CAGR of 5.54%. The antimicrobial packaging market is driven by factors such as rising concerns toward food wastage and growing consumer awareness about health-related issues.
The controlled release packaging technology segment is projected to be the fastest-growing technology in the next five years. Controlled release packaging utilizes packaging as a delivery vehicle to efficiently bring the actives in specifically controlled rates over prolonged periods to the product to further improve its quality and safety. It regulates the concentration of the antimicrobial agents in products such as pharmaceutical and food at a particular targeted level, which is effective in deteriorating microbial growth kinetics and making it safe for consumption. This drives the demand for controlled release packaging.
The Asia-Pacific market is projected to be the fastest growing market during the forecast period. It is also projected to have the largest market share due to increasing commercialization and increased demand for packaged goods in the region. The markets of China and India are projected to be lucrative due to their rising middle class population and rising consumer spending on products such as packed food products. The health-related benefits offered by antimicrobial packaging to various industries are also seen as a driving force of growth in this region.
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the antimicrobial packaging market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals such as packaging manufacturers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
Others include sales managers, marketing managers, and product managers.
Note: The tier of the companies is defined on the basis of their total revenue, as of 2013.
Tier 1: Revenue > USD 10 billion; Tier 2: USD 1 billion > Revenue > USD 10 billion; Tier 3: Revenue < USD 1 billion
The various key antimicrobial packaging providers profiled in the report are as follows:
The report will help the market leaders/new entrants in this market in the following ways:
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.