Antimicrobial Packaging Market Size, Share, Trends and Analysis

According to Stratistics MRC, the global antimicrobial packaging market is estimated at $6.92 billion in 2015 and is poised to reach $10.74 million by 2022, growing at a CAGR of 6.48%. Increasing demand from food & beverage industry is the primary factor favouring the market growth. Furthermore, growing concerns about food wastage, rising demand from various verticals such as consumer goods, healthcare & personal care and increasing awareness about health related issues are the drivers for antimicrobial packaging market. However, fluctuations in raw material prices are limiting the market growth. Introduction of new

products and demand from healthcare industry are the recent trends for global antimicrobial packaging market.

Increasing consumption of products with shorter shelf life, are playing key role in the steady growth of the antimicrobial packaging market. Food & beverages segment dominated the global antimicrobial packaging market with a largest share during the forecast period. The growth is attributed to increasing consumer demand for safe and quality products. Healthcare segment is likely to emerge as a key end-use industry and is expected to exhibit steady growth.

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Asia Pacific dominated the global antimicrobial packaging market and is expected to witness the higher growth rate due to increasing demand from emerging countries such as China and India. China and India are projected to be the fastest growing markets in this region driven by the rising population and increased spending on packed products. Manufacturers in the global market are offering products that are in tune with the shifting consumer demands.

Some of the key players in the global market include Amcor Ltd., BASF SE, Bayer MaterialScience AG, Biocote Limited, Clariant AG, Dow Chemical Company, Dunmore Corporation, Linpac Senior Holdings Limited,...