The global Antimicrobial Packaging Ingredients for Food Packaging Market is poised for substantial growth. In the year 2023, it is anticipated to reach a market value of US$ 2,810 million. The trajectory for this market is set to continue its ascent, with a projected valuation of US$ 4,281 million by the year 2033, marking an impressive compound annual growth rate (CAGR) of 4.3% throughout the forecast period from 2023 to 2033.
These factors collectively underscore the critical role of antimicrobial packaging ingredients in meeting the evolving demands and expectations of modern consumers, highlighting their pivotal position in the food packaging sector’s growth story.
This remarkable growth is underpinned by several key factors. Notably, a discernible shift in consumer preferences toward processed food products is driving the demand for antimicrobial packaging ingredients in the food packaging industry. This shift is further bolstered by the increasing working population, rising disposable incomes, and the prevalence of hectic lifestyles. Furthermore, changes in population dynamics, with a significant migration from rural to urban areas, are contributing to the robust growth of this market.
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Market Historical Outlook
The global appetite for antimicrobial packaging ingredients in the realm of food packaging is poised for substantial growth, as projected by Future Market Insights (FMI). According to their report, the demand is anticipated to surge at a noteworthy Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period spanning from 2023 to 2033, ultimately reaching an impressive total of US$ 4,281 million by 2033. This follows a commendable upswing in sales from 2018 to 2022, marking a substantial Compound Annual Growth Rate (CAGR) of 3.1%.
Despite the market’s saturation with various heating equipment options, technological strides have ushered in the era of effortless electric underfloor heating installations. Antimicrobial packaging ingredients for food packaging find themselves in a favourable position, boasting a range of attributes that extend beyond mere preservation. These attributes include resilience against weather fluctuations in specific regions and energy-efficient features, showcasing the multifaceted functionality of antimicrobial packaging ingredients for food packaging. As the industry propels forward, the intersection of technological innovation and sustainability principles promises a dynamic landscape for the future of food packaging.
Market Drivers:
YPACK, for instance, has innovated an organic alternative to traditional plastic food packaging methods. This compostable packaging solution is crafted from an eco-friendly biopolymer known as poly (3-hydroxybutyrate-co-3-hydroxy valerate) (PHBV), sourced from almond shell nitrocellulose and industrial byproducts like cheese whey. Biodegradability tests reveal complete degradation within a span of three months.
While the market has historically been prominent in the food industry, manufacturers are uncovering new revenue streams in the beverage sector, particularly within dairy-based beverages and both non-alcoholic and alcoholic drinks. As the food industry undergoes a shift from traditional plastic packaging to cutting-edge active packaging and coatings, it is increasingly collaborating closely with scientific safety analysis to comprehend potential hazards.
Start ups
On a similar note, LaFabrica Craft, an Indian startup, takes a stride towards sustainability by offering a diverse range of biodegradable bags suitable for grocery, food, and beverage packaging. The company employs carbon-neutral practices in bag production. LaFabrica Craft’s product line includes daily fold bags and Biopouch basic pouches designed for the purchase and storage of perishables. The startup’s Liquid-friendly Biopouch, specifically tailored for beverage packaging, is leak-proof. Additionally, LaFabrica Craft provides heavy-duty bags capable of holding up to 10 kilograms of dry and frozen goods. These bags, characterized by their reusability, recyclability, water resistance, and environmental friendliness, serve as commendable alternatives to single-use plastic bags.
Around, an innovative Italian startup, introduces a sustainable solution with its zero-waste smart reusable container crafted from bamboo fiber. Addressing the issue of single-use food packages, the startup collaborates with restaurants to provide reusable containers tailored to their size requirements. Utilizing a proprietary app, customers can easily identify restaurants utilizing these eco-friendly bowls. The app also empowers restaurants to monitor their bowl inventory in real-time and facilitates the promotion of unsold food at discounted prices, contributing to the reduction of food waste.
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Key Players
- Mondi Group
- BioCote
- LINPAC Packaging
- Reynolds Group
- Dunmore Corporation
- Uflex Ltd.
- Coveris Holdings S.A
- ALUF Plastic Inc.
- Hexis S.A
- WestRock Company
- Others
Key Segmentation
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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About Future Market Insights (FMI)
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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