The global antimicrobial packaging ingredients for food packaging market is projected to reach a value of USD 2,810 million in 2023. By 2033, it is anticipated to grow to USD 4,281 million, reflecting a compound annual growth rate (CAGR) of 4.3% throughout the forecast period from 2023 to 2033.
This growth is driven by the rising demand for safer and longer-lasting food products, heightened awareness of foodborne illnesses, and increasing regulatory pressure for better food safety standards. Additionally, advancements in packaging technologies and the development of new antimicrobial agents have propelled the market forward.
Consumers’ preference for convenience foods, coupled with the expanding e-commerce sector, further boosts the need for innovative packaging solutions that can extend shelf life and ensure product integrity. The integration of natural antimicrobial ingredients, driven by consumer preference for sustainable and clean-label products, also plays a crucial role in market expansion. The ongoing research and development activities aimed at enhancing the efficacy and cost-effectiveness of antimicrobial packaging solutions are expected to create new growth opportunities.
Key Takeaways from the Global Antimicrobial Packaging Ingredients for Food Packaging Market Study Report by FMI
- Over the next ten years, the global market is projected to witness an absolute dollar increment of US$ 1,471 million.
- North America, with a 26% global market share in 2022, demonstrates a persistent need for antimicrobial packaging components in its regional food sector. Among the countries around the world, the United States was figured out to be the leading market for such ingredients in 2022.
- Europe follows North America in the use of antimicrobial packaging ingredients for food packaging. Germany was figured out to be the leading producer and supplier of such ingredients in Europe in the year 2022.
- Since the public’s knowledge of these specialty ingredients has increased, the Asia Pacific region’s global market share has improved to 15% in 2022.
Competitive Landscape for the Antimicrobial Packaging Ingredients for Food Packaging Market Players
BioCote, Mondi Group, LINPAC Packaging, Amcor Ltd., OPLON, and Sealed Air, amongst others, are some top players in this market. Mentioned leading players providing these ingredients have consolidated the market by creating formulations that meet stringent food safety requirements while assuring optimal performance.
Innovations in antimicrobial treatments that are efficient and safe for interaction with food have been made possible by developments in food packaging technology and materials. It has boosted the trust of food producers, encouraging new players to enter the antimicrobial packaging ingredients market and diversify the market opportunities further.
Recent Developments
In December 2022, BASF announced the launch of a new line of antimicrobial packaging ingredients intended to satisfy the rising demand for environmentally friendly food packaging. These new chemical ingredients are biodegradable and generated from renewable resources.
In November 2022, DuPont revealed that it had purchased MicroGenics, which created a novel antimicrobial packaging technology. The firm may have access to MicroGenics’ patented antibacterial technology of utilizing naturally occurring bacteria to prevent the formation of dangerous germs.
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Key Segments Profiled in the Antimicrobial Packaging Ingredients for Food Packaging Market Report
By Antimicrobial Ingredient :
- Organic Acids
- Bacteriocins
- Essential Oils
- Enzymes
- Metal Ions & Oxidizers
- Others
By Technology :
- Controlled Release Packaging
- Active Packaging
By Packaging Applications :
- Pouches
- Cartons
- Trays
- Bags
- Films
- Cups & Lids
By End Use :
- Food & Beverage
- Cosmetics & Personal Care
- Consumer Electronics
- Healthcare
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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