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The antimicrobial packaging market size is estimated to grow at a CAGR of 6.72% between 2022 and 2027. The market size is forecast to increase by USD 4,154.02 million. The growth of the market depends on several factors such as the growing consumption of packaged beverages, the increase in awareness of consumer health and better product shelf lives, and the rising demand for antimicrobial packaging from the healthcare industry.
This antimicrobial packaging market report extensively covers market segmentation by material (plastic, biopolymer, and paperboard), type (bags, pouches, trays, carton packages, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Growing consumption of packaged beverages is the key factor driving the growth of the market. Demand for on-the-go drinking products is driven by changing consumer lifestyles. The global blow-molded plastic bottle market is expected to grow in line with the growing demand for packaging beverages in emerging economies like India, China, South Africa, Brazil, and Vietnam because of increasing consumer disposable income.
Moreover, bottled water consumption is increasing in the US, China, India, and other developed and developing countries. Moreover, the majority of bottled water is packaged in antimicrobial packaging, which is expected to see similar growth in the future. Hence, increasing consumption of bottled water will propel the growth of the global antimicrobial packaging market during the forecast period.
Rising mergers and acquisitions by companies is the primary trend in the market. Key players in the global antimicrobial packaging market are undergoing mergers and acquisitions (M&A) to increase their market presence. For example, in June 2022, Confoil worked with his BASF to produce certified compostable, double oven-resistant paper trays for ready-to-eat meal packaging. The partnership will strengthen the product portfolios of both companies and expand their customer base.
Similarly, in December 2022, BASF will collaborate with StePac to utilize BASF's ChemCycling technology to facilitate the production of ultramid cyclic polyamide 6 for the StePac Xgo Circular series of contacts for the preservation of perishables. Hence, increasing mergers and acquisitions (M&A) will boost the growth of the global antimicrobial packaging market during the forecast period.
Stringent regulations related to the usage of plastics is a challenge that affects the growth of the market. Plastic is not biodegradable and will remain in the environment for a long time. Plastic food packaging waste is one of the largest sources of packaging waste in the world. As plastic is a major contributor to landfills and a key contributor to global warming due to incineration, various international regulators and governments around the world have committed to minimizing the use of plastics as packaging films.
Therefore, increasing regulations on the use of plastics and the introduction of biodegradable packaging solutions such as folding boxes are hindering the growth of rigid plastic packaging for food and beverages. Therefore, stringent regulations related to the use of plastics will impede the growth of the global antimicrobial packaging market during the forecast period.
The plastic segment is estimated to witness significant growth during the forecast period. Plastic is easy to manufacture, cheap, flexible, and moisture resistant, making it ideal for packaging. The plastics segment is expected to grow due to increasing demand for plastics from the food and beverage industry. Companies in the food and beverage industry use plastic for packaging because it is lightweight, inexpensive, meets the company's product requirements, and can protect food from contamination for long periods of time.
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The plastic segment was the largest segment and was valued at USD 3,677.53 million in 2017. Rising production and consumption of personal care products such as food and beverages and cosmetics are increasing the demand for plastic packaging in these industries. Packaging solutions should allow longer shelf life. In addition, it must be easy to pack and unpack, ensuring safe and easy storage and transportation of the product. Plastic packaging solutions are durable, lightweight, and heat resistant, making them ideal for the food and beverage, consumer, and packaging industries. Thus, such benefits of plastic will drive the growth of the market segment during the forecast period.
Based on type, the segment is classified into bags, pouches, trays, carton packages, and others. Bags are essentially poly packaging film converted into pouches made with the addition of antimicrobial polymer. There is an extensive use of bags in the healthcare sector, for the packing of medical devices including tubing, connectors, and syringes, as well as a variety of molded parts. There is an increasing demand for bag packaging due to the growing need for different end-user industries, including food and beverage, and healthcare. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
North America is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Due to the increasing demand for antimicrobial packaging for home care products and food and beverages, the antimicrobial packaging market in North America is expected to grow. The US is the key country for the regional dominance in the market. This encourages suppliers to expand their production facilities to meet growing demand.
Furthermore, intense competition in the market is expected to require incumbents to increase their market presence through strategic alliances. Antimicrobial packaging suppliers are investing heavily in joint ventures and acquisitions to capture a significant share of the global antimicrobial packaging market and expand their presence into new geographies. Hence, such factors will drive the growth of the antimicrobial packaging market in the region during the forecast period.
Due to the outbreak of COVID-19 in 2020, the demand for antimicrobial packaging has witnessed a significant decline in the region. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to an increase in the consumption of packaged food and beverages in the country. Therefore, during the forecast period, an increase in consumer spending on packaged food and beverages is projected to have a positive influence on the antibacterial packaging market in the region.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AptarGroup Inc., Avient Corp., BASF SE, Berry Global Inc., BioCote Ltd., COEXPAN SA, Dow Chemical Co., Ecoduka, Great American Packaging, KP Holding GmbH and Co. KG, LAGEEN TUBES, MicrobeGuard Corp., Mondi Plc, Parx Materials N.V, RTP Co., Saudi Basic Industries Corp., Sciessent LLC, Tekni Plex Inc. and API Group Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.
Global Antimicrobial Packaging Market Customer Landscape
The antimicrobial packaging market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Antimicrobial Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.72% |
Market growth 2023-2027 |
USD 4,154.02 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.74 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 49% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AptarGroup Inc., Avient Corp., BASF SE, Berry Global Inc., BioCote Ltd., COEXPAN SA, Dow Chemical Co., Ecoduka, Great American Packaging, KP Holding GmbH and Co. KG, LAGEEN TUBES, MicrobeGuard Corp., Mondi Plc, Parx Materials N.V, RTP Co., Saudi Basic Industries Corp., Sciessent LLC, Tekni Plex Inc., Xiamen Changsu Industrial Co. Ltd., and API Group Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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