Increasing demand for ready to eat products is providing an impetus to the growth of the global antimicrobial packaging ingredients market. The market players are majorly focusing on delivering high quality, shelf life of the antimicrobial agent to protect the product from early spoilage. According to Future Market Insights, the global antimicrobial ingredients for food packaging industry is expected to mark healthy growth over the forecast period, 2016-2026.
Market Dynamics: The growth of the antimicrobial ingredients for food packaging is expected to be bound to the several macro-economic and micro-economic factors. Growing need of antimicrobial ingredients in the field of food and beverages industry had led to the upsurge in demand of antimicrobial ingredients in the food packaging industry, as well as in cosmetic industry.
On the other hand, limited support of the government in various developed countries is expected to inhibit growth of the antimicrobial ingredients for food packaging market. Increasing number of working women, migration of people from rural to urban are the key factors which lead to upsurge of the demand of the antimicrobial ingredients. Antimicrobial agents have more opportunity in food and beverages industry, and also in cosmetic industry for boosting the life of the product. Antimicrobial ingredient companies are investing to make their product versatile, which can help increase the shelf life of the product. On account of these factors, demand for antimicrobial ingredients is likely to witness an increase during the forecast period.
The antimicrobial ingredient for food packaging is segmented by region, product type and distribution type. Among all the regions, North America and Europe are dominating the global market in terms of revenues. Asia Pacific is projected to be the second largest among all the leading market players during the forecast period. However, surging population is likely to fuel the demand for more quality products. One of the key factors for increasing demand for the antimicrobial agent is continuous increasing demand for the packed food. Further, the continuous increase in population is predicted to contribute toward the demand and growth of the quality productivity of the antimicrobial agent. Over the years, R&D segment is expected to meet the demand of the consumers for the antimicrobial agent for food packaging, bound to these factor the market will rev up during the forecast period.
Market Players: The key market players in antimicrobial ingredients for food packaging markets includes Mondi Group (Austria), BioCote (U.K.), LINPAC Packaging (England), OPLON (Israel), Amcor Ltd. (Australia) and Sealed Air (U.S.). A lot of food technology industry are venturing with food packaging players to launch antimicrobial films in the market. The key focus of the market player to achieve safety, high quality, long shelf life of the reducing the growth of the microorganisms in the food product or packaging material. The global antimicrobial ingredients for food packaging market is projected to witness growth during the forecast period.
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