Unveiling the Aseptic Paper for Packaging Market's Journey to US$ 15.82 Billion by 2033 - Insights by Future Market Insights Inc.
FMI indicates that the sales of antimicrobial packaging ingredients for food packaging have significantly increased, boosting the operations of companies providing these solutions globally. In addition to this, the market expanded substantially between 2018 and 2022, with a remarkable average year-on-year growth rate of 3.1%.
Due to the higher adoption of antimicrobial packaging
ingredients for food packaging among consumers and food manufacturers, the
overall market value reached US$
2,694.1 million in 2022. Moreover, the global demand for
antimicrobial packaging ingredients for food packaging could reach a market
value of US$ 2,810 million in
2023.
The projected CAGR of 4.3% during the forecast period from 2023 to 2033 offers
excellent potential for industries producing antimicrobial packaging
ingredients. Continuing this trend, the sales of antimicrobial packaging
ingredients for food packaging could reach a sizeable market value of US$ 4,281 million by 2033.
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The rising demand for specialist chemicals in the food
packaging sector can be blamed for the rise in sales of antimicrobial packaging
components. The increased understanding of the significance of food safety and
the necessity of extending the shelf life of perishable food products are the
main causes.
These ingredients are used to inhibit the growth of
hazardous bacteria and germs in packaged goods, which lowers the risk of
foodborne diseases and spoilage. So, the demand for antimicrobial packaging
components is anticipated to surge in the coming days, especially from the food
and beverage industry.
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.
"As the research manager, they are delighted to
present their latest findings on the Antimicrobial Packaging Ingredients for
Food Packaging Market. Their comprehensive study reveals a promising future for
this market, with a growing emphasis on food safety driving the demand for
antimicrobial packaging ingredients.” Says, Ismail Sutaria, Principal Consultant at Future Market
Insights
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.
The Key Players Are:
- Mondi
Group
- BioCote
- LINPAC
Packaging
- Reynolds
Group
- Dunmore
Corporation
- Uflex
Ltd.
- Coveris
Holdings S.A
- ALUF
Plastic Inc.
- Hexis
S.A
- WestRock
Company
- Others
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.
Key Segmentations
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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