Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,010 Million | USD 4,500 Million | 5% | 2023 |
The global antimicrobial packaging ingredients for food packaging market size was evaluated at $3,010 million in 2023 and is slated to hit $4,500 million by the end of 2032 with a CAGR of nearly 5% between 2024 and 2032.
Antimicrobial packaging is a new approach designed to increase the shelf life of food items by inhibiting the proliferation of microbes. Furthermore, it is gaining massive penetration in the food sector, thereby addressing concerns over food safety. Moreover, it helps arrest the multiplication of fungi, bacteria, and yeasts. Reportedly, antimicrobial packaging ingredients can be incorporated into many packaging materials, such as wraps, films, and coatings.
An increment in food transport worldwide is likely to scoop up the global market trends
A rise in the number of food-borne diseases along with altering customer preferences are expected to spur the expansion of the global antimicrobial packaging ingredients for the food packaging market. Moreover, growing consumer demand for the safety of food along with the requirement for increasing shelf life of food is anticipated to steer the global market trends.
Furthermore, a surge in cross-border transportation and food distribution is predicted to spur the expansion of the market globally. New product innovation and the need for personalized solutions are expected to spur the market space in the forecasting years.
Restricted raw material supply leading to their high costs can deter the global industry surge by 2032
Humungous raw materials prices and complexities involved in the manufacture of antimicrobial packaging are likely to retard the expansion of the global antimicrobial packaging ingredients for food packaging industry. Apart from this, the temperature sensitivity of antimicrobial agents is projected to obstruct the growth of the global industry.
A demand for sustainable food items can create new vistas of growth for the global market
Surging health awareness and a growing tilt towards intake of ready-to-eat food products are expected to generate new panoramas of growth for the global antimicrobial packaging ingredients for food packaging market. Moreover, an increase in sustainability trends is expected to expand the scope of the global market.
Stringent government legislation regulating antimicrobial packaging ingredients’ use can retard industry growth
Strict laws governing the use of antimicrobial packaging ingredients in the packaging of food products can retard the expansion of the global antimicrobial packaging ingredients for food packaging industry. Moreover, economic oscillations can further challenge the expansion of the global industry.
The global antimicrobial packaging ingredients for food packaging market is divided into type, application, packaging materials, and region.
In terms of type, the antimicrobial packaging ingredients for food packaging market across the globe is segmented into natural antimicrobials and synthetic antimicrobials segments. Apparently, the natural antimicrobials segment, which amassed nearly 70% of the global market revenue in 2023, is projected to record the fastest CAGR in the coming eight years due to growing customer preference for natural as well as organic ingredients.
Based on the application, the global antimicrobial packaging ingredients for food packaging industry is segmented into medical packaging, consumer products, and food packaging segments. Apparently, the food packaging segment, which led the global industry in 2023, is predicted to account remarkably toward the segmental expansion in the ensuing years. This can be due to growing concerns about food safety, strict laws governing food safety, and the use of antimicrobial packaging in meat, dairy items, vegetables, poultry, fruits, processed foods, vegetables, & seafood.
On the basis of packaging materials, the global antimicrobial packaging ingredients for food packaging market is sectored into biodegradable materials, plastic, and paper segments. Moreover, the plastic segment, which led the packaging materials segment in 2023, is likely to lead the segmental sphere in the forecast timespan. Moreover, the segmental progression can be owing to its versatile nature, effective barrier features, compatibility, and cost-efficiency.
Report Attributes | Report Details |
---|---|
Report Name | Antimicrobial Packaging Ingredients for Food Packaging Market |
Market Size in 2023 | USD 3,010 Million |
Market Forecast in 2032 | USD 4,500 Million |
Growth Rate | CAGR of 5% |
Number of Pages | 223 |
Key Companies Covered | Amcor Limited, BASF SE, DuPont de Nemours Inc., Linde plc, The Dow Chemical Company, Klockner Pentaplast, Evonik Industries AG, LINPAC Packaging, Mondi Group, Microban International, Oplon Pure Sciences Limited, Lyondell Basell Industries Holdings B.V., Teijin Limited, Takex Labo Company Limited, BioCote Limited, Dunmore Corporation, Solvay SA., and others. |
Segments Covered | By Source,By Application, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is likely to maintain leading status in the global market over the projected time-interval
Asia-Pacific, which contributed about 55% of the global antimicrobial packaging ingredients for food packaging market size in 2023, is likely to establish a leading position in the global market in the upcoming years. Apart from this, the regional market progression in the next few years can be credited to swift economic growth and an increase in the gross domestic product.
Furthermore, the growing population leading to high food demand and preventing food from spoiling with effective packaging are likely to drive regional market trends. Launching supportive government programs in India, Thailand, China, Bhutan, Indonesia, and Taiwan will spur the growth of the market in the APAC zone.
European antimicrobial packaging ingredients for food packaging industry is likely to record the fastest compounded growth annually in the ensuing years. The elevation of the industry in Europe can be a result of the presence of key players in countries such as Germany, the UK, Sweden, Finland, Norway, Denmark, Estonia, Italy, and France. New product innovations & joint ventures are also projected to contribute profitably towards the industry size in Europe.
The global antimicrobial packaging ingredients for food packaging market profiles key players such as:
By Type
By Application
By Distribution Channel
FrequentlyAsked Questions
Antimicrobial packaging is a new approach designed to increase the shelf life of food items by inhibiting the proliferation of microbes. Furthermore, it is gaining massive penetration in the food sector, thereby addressing concerns over food safety.
The global antimicrobial packaging ingredients for food packaging market growth over the forecast period can be owing to a rise in the number of food-borne diseases along with altering customer preferences.
According to a study, the global antimicrobial packaging ingredients for food packaging industry size was $3,010 million in 2023 and is projected to reach $4,500 million by the end of 2032.
The global antimicrobial packaging ingredients for food packaging market is anticipated to record a CAGR of nearly 5% from 2024 to 2032.
European antimicrobial packaging ingredients for the food packaging industry are set to register the fastest CAGR over the forecasting timeframe owing to the presence of key players in countries such as Germany, the UK, Sweden, Finland, Norway, Denmark, Estonia, Italy, and France. New product innovations and joint ventures are also projected to contribute profitably to the industry's size in Europe.
The global antimicrobial packaging ingredients for food packaging market is led by players such as Amcor Limited, BASF SE, DuPont de Nemours, Inc., Linde plc, The Dow Chemical Company, Klockner Pentaplast, Evonik Industries AG, LINPAC Packaging, Mondi Group, Microban International, Oplon Pure Sciences Limited, Lyondell Basell Industries Holdings B.V., Teijin Limited, Takex Labo Company Limited, BioCote Limited, Dunmore Corporation, and Solvay SA.
The global antimicrobial packaging ingredients for food packaging market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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