LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global antimicrobial packaging market is expected to grow at a CAGR of approximately 5% during the forecast period.
This research report titled ‘Global Antimicrobial Packaging Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The food industry is the most dominant application segment of the antimicrobial packaging market and accounted for a share of more than 40% of the total market in 2015. The increase in demand for meat, poultry, seafood, confectionery and bakery products is expected to drive the global antimicrobial packaging market. Antimicrobial packaging releases active agents into the packaged food products which help in increasing the shelf lives of the products and reduce the need for preservatives and additives.
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Based on material, the report categorizes the global antimicrobial packaging market into the following segments:
Global antimicrobial packaging market by material 2015 (%)
The top three revenue generating material segments in the global antimicrobial packaging market are discussed below:
Global antimicrobial plastic packaging market
Its lightweight quality, low costs, and availability in various designs are making consumers prefer plastic packaging products over glass bottles, jars, containers, and metal containers. Vendors are incorporating 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.
According to Sharan Raj, a lead packaging research analyst at Technavio, “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.”
Global antimicrobial biopolymer packaging market
Biopolymer-based packaging films are gaining preference over other packaging films because of the increased demand from consumers for renewable packaging materials. The use of these films depends on cost, availability, barrier properties such as resistance to outside environment (humidity, sunlight). There has been significant reduction of bacterial population with the 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 also assure the safety of such products by offering protection against pathogens,” says Sharan.
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 vendors highlighted by Technavio’s research analysts in this report are:
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