Antimicrobial Packaging Market is expected to value at USD 11.92 billion by 2024. The antimicrobial packaging industry is subject to witness a substantial growth due to the rising demand for advanced packaging solutions in confectionery and bakery sectors. Antimicrobial type of packaging is gaining popularity in preservative free food products that need minimal processing and are perishable.
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The key driving factors responsible for the growth of Antimicrobial
Packaging market :
Increasing level of awareness
associated with consumer health and longer shelf life of products are expected
to fuel market demand for antimicrobial packaging solutions over the next seven
years. Globally, the antimicrobial packaging market is predicted to grow at a
CAGR of 5.0% in the forecast period, providing numerous opportunities for
market players to invest for research and development in the market.
The factors affecting the growth
of antimicrobial packaging industry are varying food preferences, enhancements
in living status, and rising disposable earnings. Furthermore, implementation
of modern techniques in packaging sector, and rising preference towards food
safety concerns, are predicted to uplift the demand for antimicrobial packaging
over the forecast period.
The other factors that are
significantly contributing to industry growth include growing demand for hot
and easily available packaged food products coupled with soaring demand for
convenient & sustainable packaging solutions. Increasing demand for
bioplastics and metal composites of aluminum, steel, and plastic grades like
polyethylene terephthalate (PET) & polyethylene (PE), glass, and paper for
convenient & sustainable packaging solutions, are expected to drive market
growth of antimicrobial packaging market. Rapid industrialization in BRICS
economies such as Brazil, Russia, India, China and South Africa is expected to
stimulate market growth of antimicrobial packaging in the upcoming years.
Aggressive marketing by the
industry players and numerous brand improvement efforts by energy drink
manufacturers are attracting more consumers, thus driving market demand for
enhanced beverage packaging solutions. Increasing popularity of the ready to drink
(RTD) beverages coupled with increasing number of local manufactures across the
globe are anticipated to boost market demand for advanced antimicrobial
packaging solutions.
However, the major task of
antimicrobial packaging is to preserve the quality of the stored food product.
The antimicrobial packaging solutions not only provide prevention from the
downgrading and spoilage in the food but also preserve the food products by
maintaining quality with regards to its appearance, odor, taste and vitamin content.
The use of the antimicrobial packaging enhances the commercial value of the
food product and limits financial loss for the food manufacturer.
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