Antimicrobial Packaging Ingredients for Food Packaging Market To Witness Heavy Growth Prospects and Detailed Analysis by Top Manufactures

Consumption of convenient, yet healthy meals is soaring, primarily owing to evolving lifestyle pattern as well as a rise in women workforce. With the world’s population living in urban areas anticipated to increase by 60% in 2030, food wastage is one of the biggest challenges. Studies suggest that 47% of all vegetables & fruit and 12% of animal and meat products are wasted every year, globally. Moreover, the Centers for Disease Control and Prevention (CDC) reveal that about 48 million people in the US develop illness due to consumption of contaminated food items. Antimicrobial packaging ingredients for food packaging ensure quality and safety of food products alongside prolonged shelf life by inhibiting the growth of microorganisms. The global market for antimicrobial packaging ingredients for food packaging is anticipated to record a robust CAGR during 2020-2030.

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Antimicrobial Packaging Ingredients for Food Packaging Market – Key Developments

While the market has been commonplace in the food sector, manufacturers are uncovering new revenue streams in the beverage industry, especially in dairy-based beverages and drinks – non-alcoholic, and alcoholic. As the industry switches from traditional plastic packaging to the latest active packaging & coatings, the food industry will work closely with scientific safety analysis to comprehend the potential hazards.

YPACK has created organic plastic substitute to conventional plastic food packaging technique. The compostable packaging solution is prepared from eco-friendly biopolymer – poly (3-hydroxybutyrate-co-3-hydroxy valerate) (PHBV) – that is derived from micro-cellulose of almond shells and industrial by-products (cheese whey). Biodegradability tests record complete degradation within 3 months.

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Moreover, several novel concepts in food packaging are introduced during previous years such as smart antimicrobial coatings. The purpose of smart antimicrobial coatings is to mitigate the growth of microbes, while sensors monitor chemical and physical conditions that reflect or influence the food product quality. These add-ons have positive health, socio-economic, and environmental effects, which will be further augmented by carrying out the smart functions with the help of robust technologies and renewable natural materials.

Antimicrobial Packaging Ingredients for Food Packaging Market – Growth Restraints

Materials used for manufacturing antimicrobial packaging ingredients for food packaging are petroleum-based and, thus, are subject to price volatilities. Given stringent environmental norms, market players are turning to recycling the products after consumption. The process is complex and cost-intensive, thus, hit the profit margins of manufacturers, especially in small- and medium-scale enterprises (SME). To address the situation, market players are testing new avenues to promote their sustainability agenda, for instance, using truly biodegradable alternatives such as biopolymers.

COVID-19 Impact Analysis

While sustainability has been a top priority in the antimicrobial packaging ingredients for food packaging market, the trend, however, has taken a back seat amid the COVID-19 pandemic, owing to heightening hygiene and food safety concerns among consumers. As such, manufacturers are redefining sustainability in tandem with hygiene and consumers’ safety concerns. Choice of materials, packaging designs, or particular feature to ensure minimum probability of virus infection is expected to have a measurable impact on players in the antimicrobial packaging ingredients for food packaging market.

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Antimicrobial Packaging Ingredients for Food Packaging Market – Region-wise Analysis

While Europe and North America remain the frontrunners in the antimicrobial packaging ingredients for food packaging market, Asia Pacific (APAC) is anticipated to emerge as the most lucrative region in the coming years. Fast-paced lifestyle resulting in surging consumption of convenience food is primarily the market growth in both the developed and developing regions. The US and China lead the global consumption of convenience foods. Furthermore, rising cases of diseases due to consumption of contaminated food products are offering potential growth prospects to market players.

Antimicrobial Packaging Ingredients for Food Packaging Market – Competitive Analysis

The global antimicrobial packaging ingredients for the food packaging market is fairly consolidated, yet will witness sturdy competition over the forecast period owing to evolving consumer demands and surfacing of newer companies. The existence of numerous SME’s and big global organizations will further intensity the market competition.

• Mondi has paired up Werner & Mertz to build up flexible, fully recyclable, stand-up pouches for W&M’s Frosch-brand laundry detergents. The project implemented Cradle to Cradle (C2C) principles to examine every product aspect, from design to optimum end-of-life options, to close the packaging loop.
• Sealed Air Corporation has acquired Automated Packaging Systems Inc. to complement its supply chain, protective packaging solutions, cross-selling prospects, as well as engineering, sustainability, and automation capabilities.
• BioCote
• Mondi Group
• LINPAC Packaging
• Amcor Ltd.
• OPLON
• Sealed Air.

Region

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

Antimicrobial Packaging Ingredients For Food Packaging Market

The global market can be segmented based on the following: