Antimicrobial Packaging Market Expected to Reach $17.9 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Antimicrobial Packaging Market," The Antimicrobial Packaging Market Size was valued at $10.3 billion in 2021, and is estimated to reach $17.9 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

Antimicrobial coating helps eliminate the possibility of bacteria and bacterial growth and extends product shelf life by inhibiting pathogenic growth. Antimicrobial packaging is made of biopolymers or synthetic polymers specifically developed for packaging materials such as cardboard, plastic and paperboard.

The growing healthcare and pharmaceutical industries are driving the market expansion in countries with economies like China, India, South Africa and others. R&D and advancements in drug formulation are the two main drivers of the global clinical trial of antimicrobial packaging market. For example, in March 2022, BERRY GLOBAL, an innovative packaging company, and PYLOTE, a supplier of industrial mineral chemicals, announced a strategic partnership for innovative antimicrobial packaging solutions and launched a multi-dose eye drop with antibacterial properties. All these instances are expected to accelerate the growth rate of the antibacterial packaging market.

Moreover, the demand of packaged food is rising, owing to the surge in disposable income of people worldwide. This is boosting the demand in the antimicrobial packaging market. Furthermore, packaged food has always been a major health concern, and for the same reason, government bodies across the world established many regulations. To meet these statutory requirements, food processing industries invest heavily in the development of healthier packaging methods As a result, the demand for antimicrobial packaging is increasingly driving the antimicrobial packaging market growth.

One of the reasons limiting the market's growth is the variability in the price of raw materials required to make antimicrobial packaging. The complexity and expense of the method have an impact on manufacturer profitability, especially for small and medium-sized businesses (SME). Market participants are turning to product post-consumption recycling due to strict environmental laws. Market participants are experimenting with cutting-edge strategies to solve the problem, like adopting really biodegradable substitutes like biopolymers. All such instances are expected to hinder the antimicrobial packaging industry growth.

In addition, the outbreak of COVID-19 has led to a halt in logistic and manufacturing activities across the globe, which, in turn, has led to the interruption of the supply chain, thereby hindering the growth of the antimicrobial packaging market. However, this situation is expected to improve as the government is relaxing norms around the world for resuming business activities.

On the other hand, technological innovations in antimicrobial packaging products, such as improvements in biopolymers and biodegradable packaging materials, are anticipated to increase the packaging's microbial resistance. For instance, in December 2020, DS Smith and Touchguard teamed up to create a variety of cardboard packaging with antibacterial qualities for the e-commerce sector. Customers will be shielded from dangerous microorganisms.

In addition, in August 2022, Mondi plc acquired Duino mill near Trieste (Italy) from the Burgo Group which total consideration of €40 million in order to expands its packaging unit. The mill currently operates one paper machine producing lightweight coated mechanical paper. Mondi plans to convert this paper machine to produce around 420,000 tonnes per annum of high-quality recycled containerboard for an estimated investment of around €200 million. This is predicted to produce profitable prospects for the expansion of the antimicrobial packaging market during the forecast period.

The antimicrobial packaging market is segmented on the basis of material, technology, type, and region. By material, the market is divided into paperboard, plastic, biopolymer, and others. By technology, the market is bifurcated into active release and controlled release. By type, the market is classified into carton, bags, pouches, and others. Region wise, the global antimicrobial packaging market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

COMPETITION ANALYSIS

The major players profiled in the antimicrobial packaging market include Avient Corporation, BASF SE, BioCote Limited, Dow, Dunmore, Klockner Pentaplast, Microban International, Mondi, Sciessent, and Takex labo Co.,Ltd.

 KEY FINDINGS OF THE STUDY

• The report provides an extensive analysis of the current and emerging global antimicrobial packaging market share, trends and dynamics. 
• Based on material, the plastic segment dominated the market in 2021.
• Based on technology, the active released segment dominated the market in 2021.
• By type, the pouches segment generated the highest revenue in 2021.
• Region-wise, Europe dominated the market in 2021. And LAMEA is anticipated to dominate the global antimicrobial packaging market exhibiting the highest CAGR during the forecast period.
• The report provides an extensive analysis of the global antimicrobial packaging market trends and emerging opportunities of the market. 
• The global antimicrobial packaging market forecast analysis from 2021 to 2031 is included in the report.