Antimicrobial Packaging Market size will grow from USD 7.28 Billion in 2015 to USD 10.00 Billion by 2021, at an estimated CAGR of 5.54%. The rising concerns toward food wastage, growing consumer awareness about health-related issues, rising consumption of products with shorter shelf life such as meat products, and increasing demand by various end-user industries such as food & beverage, healthcare, personal care, consumer goods, and agricultural products are the major factors driving the growth of the antimicrobial packaging market. Additionally, with rapid urbanization and demand for better quality products across the globe
Complete report on Antimicrobial Packaging Market spread across 294 pages, Profiling 10 Companies and supported with 275 Tables and 63 Figures is now available at http://www.rnrmarketresearch.com/antimicrobial-packaging-market-by-base-material-plastics-biopolymer-paperboard-others-antimicrobial-agents-organic-acid-bacteriocins-others-technology-controlled-release-active-pack-type-bags-pouche-st-to-2021-market-report.html .
“Increasing demand from the food & beverages industry to drive the antimicrobial packaging market”
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.
“Controlled release packaging technology to gain maximum growth during the forecast period”
Antimicrobial packaging solutions are used in various industries due to their utility. The antimicrobial packaging solutions offer various advantages such as maintaining the quality of the products, increasing the shelf-life of the commodity, and keeping them fresh. These are some of the main reasons which have led to the increase in the share of antimicrobial packaging in the packaging industry. The major industries having a healthy demand for antimicrobial packaging are food & beverages, healthcare, personal care, consumer goods, and agricultural products. The food & beverages industry, for a long time, has been the major contributor to the rising demand for antimicrobial packaging. But in recent times, this has been closely competed by other industries such as healthcare.
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However, due to fluctuations in the raw material prices, stringent compliance to regulations, and need for continuous technological advancements and research & development, the organizations are exposed to potential risks and are restraining the growth of the antimicrobial packaging market.
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 global market for antimicrobial packaging is dominated by players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Mondi Plc (South Africa), PolyOne Corporation (U.S.), Biocote Limited (U.K.), Dunmore Corporation (U.S.), Linpac Senior Holdings (U.K.), Microban International (U.S.), Oplon Pure Sciences Ltd. (Israel), and Takex Labo Co. Ltd.
More details about this research “Antimicrobial Packaging Market by Base Material (Plastics, Biopolymer, Paperboard, Others), Antimicrobial Agents (Organic acid, Bacteriocins, Others), Technology (Controlled release, Active), Pack Type (Bags, Pouches, Others), Application - Forecast to 2021” research at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=541429 .
This report estimates the size of the antimicrobial packaging market in terms of volume (kilotons) and value (USD million). In this report, the market has been segmented broadly on the basis of base material, technology, antimicrobial agents, pack type, application, and region. The market drivers, restraints, opportunities, challenges, and product price trends have also been discussed in detail.
- Packaging manufacturers
- Raw material suppliers
- End users
- Consulting firms
On a related note Report titled Smart Labels Market says, The The global market for smart labels will grow from USD 4.45 billion in 2016 to reach USD 10.03 billion by 2021, at an estimated CAGR of 17.65%. The market for smart labels is driven by growing demand in a variety of industries such as automotive, retail, FMCG, healthcare, and manufacturing, in both developed and developing countries. To track the activities of patients, hospital staff, inventory management, and patients’ database, smart labels are highly preferred in the healthcare industry available at http://www.rnrmarketresearch.com/smart-labels-market-by-technology-eas-rfid-sensing-esl-nfc-tags-components-batteries-transceivers-microprocessors-others-application-retail-inventory-perishable-goods-electronic-it-asset-others-st-to-2021-market-report.html .
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