PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606474
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606474
The Antimicrobial Packaging Ingredients Market was valued at USD 11,052.5 million in 2023, growing at a CAGR of 7.00% from 2024 to 2032.
The antimicrobial packaging ingredients refer to the market that deals with materials and substances added in packaging to prevent microbial growth. The ingredients of packaging material include films, coatings, and containers infused with antimicrobial packaging ingredients so food products have extended shelf lives and are kept far from such spoilage. The focus of this market lies in developing solutions that provide consumers with safe and hygienic packaging while focusing on environmentally friendly options.
Antimicrobial Packaging Ingredients Market- Market Dynamics
Rapid Growth in Ready-to-Eat Foods
A rapidly growing market for antimicrobial packaging ingredients is ready-to-eat food. Convenience and timesaving meal options are in wide demand among consumers, and ready-to-eat meals are no exception. Such products frequently require preservation to prevent spoilage, which is where antimicrobial packaging is vital. Antimicrobial packaging therefore is applied in increasing shelf-life of ready-to-eat foods through preventing the occurrence of bacteria, molds, and yeast. It thus enhances food safety besides ensuring better quality and taste of products. Currently, the consumers are getting more demanding for quick and safe meal solutions, which manufacturers will have to meet. In this regard, the development of antimicrobial ingredients becomes a crucial activity in packaging. According to the Indian Institute of Journalism and New Media (IIJNM), ready-to-eat food sales at supermarkets have climbed by 20%, reaching 70% in 2023, up from 50% the previous year. The worldwide food packaging market is seeing an increase in the use of antimicrobial packaging components.
Antimicrobial Packaging Ingredients Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 7.00% from 2024-2032.
According to Product segmentation, in 2023, plastic-based antimicrobial packaging dominated the market.
In 2023, the organic acids category is expected to develop in Antimicrobial Agents segmentation.
Active technology now dominates the Antimicrobial Packaging Ingredients business, according to Technology segmentation.
In 2023, Pouches was the most dominant Pack segment.
In 2023, food & beverages was the most popular sort of application segmentation.
On the basis of region, North America was the leading revenue generator in 2023
The Global Antimicrobial Packaging Ingredients Market is divided into six segments: Product, Antimicrobial Agents, Technology, Pack, application, and region.
The market is separated into four segments based on Products.: Plastics, Paperboard, Biopolymers, and Others. Plastic-based antimicrobial packaging dominated the market in 2023. This high percentage can be attributable to several causes, including low cost, mechanical efficiency, and barrier qualities. Furthermore, the usage of bioplastics such as poly (butylene succinate), cellulose derivatives, and starch is becoming more popular due to their compatibility with antibacterial components.
The market is classified into three segments based on Antimicrobial Agents: Bacteriocins, Organic Acids, and Others. The organic acids category is expected to develop during the forecast period. It is primarily driven by factors such as the ability to lower pH, the ability to limit the growth of undesirable microbes, the increased safety features provided by organic nature, adaptability, and consumer acceptance. Acetic acid, lactic acid, benzoic acid, citric acid, propionic acid, and sorbic acid are among the most frequent organic acids used in antimicrobial packaging.
Antimicrobial Packaging Ingredients Market- Geographical Insights
Geographically, this market encompasses the Middle East, and Africa, Latin America, Asia Pacific, North America, Europe. These zones are further split based on which countries bring business. The North American antimicrobial packaging industry has been highlighted as a profitable region in 2023. This is due to the fast-paced lifestyle and preference for fresh, chemical-free food products in this region. The market is being driven by advancements in the pharmaceutical and healthcare industries in this region, as well as increased need for antimicrobial packaging of biomedical items.
The Europe antimicrobial packaging industry is expected to increase significantly in the future years. This expansion is attributable to considerably rising food-borne diseases, a growing number of multinational corporations joining the regional market, increased use by the food and beverage industry, and technological advancements. Rising awareness of sustainable antimicrobial packaging and changing lifestyles in this region are important factors driving market growth.
The market for antimicrobial packaging ingredients is primarily dominated by a highly competitive landscape with several large players that take the lead, such as Mondi, Dow, BASF SE, DUNMORE, and BioCote Limited, which have developed extremely advanced materials and technologies for preventing the growth of microbes in food packaging. The companies are aggressively investing in research and development and strategic alliances for improving their offerings due to the rapidly increasing demand for food packaging that is safer and lasts longer.
In May 2021, Avient has launched GLS thermoplastic elastomers with antimicrobial properties to prevent bacteria development. Furthermore, these additives, which have been evaluated in line with JIS Z2801 and ASTM G21-15 standards, safeguard molded plastic components by suppressing bacterial development (99.9% or higher) and resisting fungal and mold growth.