Antimicrobial Packaging Market Size to Hit Around USD 19.7 Bn by 2030 - Benzinga

2022-09-09 21:06:07 By : Mr. Kevinie N

London, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Precedence Research, Recently Published Report on "Antimicrobial Packaging Market (By Material type, By Agent Type, By Pack Type, By Technology, By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030".

The majority of antimicrobial packaging materials are polymer sheets that include antimicrobial chemicals that effectively stifle microbial activity. When contamination happens throughout several phases of food production, such as during slaughter, processing, and packaging, it might pose major health risks. Additionally, maintaining the proper temperature is essential for food preservation. The pharmaceutical sector, medical supplies, agricultural products, and other basics are among the end-users who heavily employ the antimicrobial packaging, even if the food and beverage business is its main end-user. The market for antimicrobial packaging is growing primarily due to rising awareness and supportive government initiatives.

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Numerous industry sectors have experienced economic shock as a result of the COVID 19 epidemic. During the pandemic, the manufacturing sectors dramatically decreased both their output rate and essential activities. Nevertheless, the demand for the food and beverage business and the market for medical supplies were both growing quickly as a result of the rising number of COVID cases throughout the world. During the pandemic, these factors significantly enhanced the market value for antimicrobial packaging.

Additionally, those who contracted the coronavirus were extremely susceptible to other infections. Such factors have propelled the antimicrobial packaging market demand during the pandemic, and continue to increase due to the increasing demand.

What is the regional impact in the antimicrobial packaging market?

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The key market driver for the growth of the antimicrobial packaging industry is the rising demand for packaged food throughout the world, which is caused by an expanding working population and less time for home cooking. In addition, the sector for antimicrobial packaging is expanding generally due to rising urbanization and emerging economies in important nations.

One of the main causes driving the food and beverage industries to embrace antimicrobial packaging is the growing awareness of food waste and improvements in the technology to detect food waste. Over 931 million tonnes of food were wasted in 2019, according to a report from the food waste management agency, and this number is rising steadily. These papers are encouraging the government to support the adoption of antimicrobial packaging by the food and packaging industries.

One of the main reasons impeding the growth of the antimicrobial packaging market is the volatility of the raw materials and the strict restrictions in the end-user industries. Additionally, one of the main reasons impeding the expansion of the market as a whole is the prevalence of possible dangers in the antimicrobial packaging sectors.

The bulk of antimicrobial agents are synthesized from pathogenic sources, not from naturally occurring sources. These reasons are impeding the growth of the antimicrobial packaging industry as a whole because these items are consumables like food and medications.

The many end-user sectors, including the food and beverage industry, the pharmaceutical business, and the medical equipment industry, are better suited for the various kinds of antimicrobial packaging, such as pouches and cartons that may be customized. In addition, the expansion of packaging categories such trays, bags, cups, cans, blister packs, and many more inventions is creating abundant chances for the antimicrobial packaging industry. 

During the anticipated period, the rise of end-user industries such as food and beverage, consumer goods, personal care, healthcare, consumer goods, agricultural products, and many others will create profitable prospects for the antimicrobial packaging market. These elements, together with the expanding e-commerce market, are boosting the overall growth of the antimicrobial packaging market.

The need for the antimicrobial packaging sector to adopt cutting-edge technology is rising despite its vast development and maturity gaps. The main obstacle to the expansion of the antimicrobial packaging business is thought to be the antimicrobial agents' poor effectiveness.

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