Market Overview of Antimicrobial Packaging Ingredients for Food Packaging
The need for quick, healthful meals is increasing, owing to changing lifestyle patterns and an increase in the female workforce. With 60 percent of the world’s population expected to live in cities by 2030, food waste is one of the most pressing issues. According to studies, 47 percent of all vegetables and fruit, as well as 12 percent of animal and meat products, are thrown away each year globally. Furthermore, according to the Centers for Disease Control and Prevention (CDC), around 48 million individuals in the United States become ill as a result of tainted food. Antimicrobial packaging additives for food packaging guarantee food product quality and safety while also extending shelf life by suppressing microbe development. During the period 2020-2030, the global market for antimicrobial packaging ingredients for food packaging is expected to grow at a rapid rate.
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Key Developments in the Antimicrobial Packaging Ingredients for Food Packaging Market
While the market has long been in the food industry, beverage companies are discovering new revenue streams, particularly in dairy-based beverages and drinks, both non-alcoholic and alcoholic. The food business will work closely with scientific safety analyses to understand the potential hazards as the sector transitions from traditional plastic packaging to the latest active packaging & coatings.
YPACK has developed an organic plastic alternative to traditional plastic food packing. The compostable packaging solution is made from an environmentally beneficial biopolymer called poly (3-hydroxybutyrate-co-3-hydroxy valerate) (PHBV), which is made from almond shell microcellulose and industrial waste (cheese whey). Biodegradability tests show that the material degrades completely in three months.
In addition, various unique food packaging concepts, such as smart antimicrobial coatings, have been released in recent years. Smart antimicrobial coatings are designed to inhibit microbe development, while sensors monitor chemical and physical factors that reflect or influence food product quality. These add-ons offer positive health, socioeconomic, and environmental consequences, which will be amplified by implementing smart functions using reliable technology and renewable natural materials.
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Market Growth Restraints for Antimicrobial Packaging Ingredients for Food Packaging
Antimicrobial packaging ingredients for food packaging are made from petroleum-based materials, which are vulnerable to price fluctuations. Market companies are turning to recycling products after consumption due to rigorous environmental regulations. Because the procedure is complex and expensive, it reduces manufacturers’ profit margins, especially in small and medium-sized businesses (SME). To deal with the problem, market participants are experimenting with new ways to promote their environmental agenda, such as employing really biodegradable alternatives like biopolymers.COVID-19 Impact Analysis
While sustainability has been a top priority in the antimicrobial packaging ingredients for food packaging market, the trend, however, has taken a back seat amid the COVID-19 pandemic, owing to heightening hygiene and food safety concerns among consumers. As such, manufacturers are redefining sustainability in tandem with hygiene and consumers’ safety concerns. Choice of materials, packaging designs, or particular feature to ensure minimum probability of virus infection is expected to have a measurable impact on players in the antimicrobial packaging ingredients for food packaging market.
Antimicrobial Packaging Ingredients for Food Packaging Market – Region-wise Analysis
While Europe and North America remain the frontrunners in the antimicrobial packaging ingredients for food packaging market, Asia Pacific (APAC) is anticipated to emerge as the most lucrative region in the coming years. Fast-paced lifestyle resulting in surging consumption of convenience food is primarily the market growth in both the developed and developing regions. The US and China lead the global consumption of convenience foods. Furthermore, rising cases of diseases due to consumption of contaminated food products are offering potential growth prospects to market players.
Antimicrobial Packaging Ingredients for Food Packaging Market – Competitive Analysis
The global antimicrobial packaging ingredients for the food packaging market is fairly consolidated, yet will witness sturdy competition over the forecast period owing to evolving consumer demands and surfacing of newer companies. The existence of numerous SME’s and big global organizations will further intensity the market competition.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
Antimicrobial Packaging Ingredients For Food Packaging Market
The global market can be segmented based on the following:
By Agent Type
By Food Type
By Packaging Film Type
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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