About Anti-microbial Packaging Materials
Anti-microbial packaging effectively combines useful technologies while imbibing anti-microbial compounds into packaging base materials. Some of the commonly used packaging base materials are polymers and paper boards. These packaging materials are also referred to as carriers. The sustained release of anti-microbial compounds from the packaging material maintains the quality and safety of the product contained in the package, thereby extending the shelf life of the product.
Technavio’s analysts forecast the global anti-microbial packaging materials market to grow at a CAGR of 5.26% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global anti-microbial packaging materials market for 2017-2021. To calculate the market size, the report considers sales generated from anti-microbial packaging products in key end uses such as food and beverage, pharmaceutical, and other sectors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Anti-microbial Packaging Materials Market 2017-2021
Technavio recognizes the following companies as the key players in the global anti-microbial packaging materials market: BASF, LINPAC, Mondi, PolyOne, and BioCote.
Other Prominent Vendors in the market are: Covestro, DUNMORE, Microban International, Sealed Air, Sciessent, and The Dow Chemical Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is advent of nanotechnology in active and intelligent packaging. Vendors of the packaging and the food and beverages sectors are constantly working on developing new packaging materials with high barrier properties. Polymer nanocomposites are known to provide excellent barrier protection. These nanocomposites are finding novel applications in terms of packaging of the processed foods such as processed meats, cheese, confectionary, and cereals.”
According to the report, one driver in the market is need for extended shelf life in food packaging sector. Anti-microbial packaging materials are used in the form of thin films and sheets for food packaging. The growth of the packaging industry is increasing with innovations in the food processing industry. Packaging has become an indispensable part of food processing over the last four decades. Packing materials are generally used to contain the product, preserve it, and increase its shelf life without compromising on the product quality. They also provide ample sturdiness for hassle-free transportation and distribution.
Further, the report states that one challenge in the market is risks associated with raw material procurement. The volatile prices of raw materials pose a challenge to the market. For packaging vendors, the price of the raw materials adds up a significant part to the production cost. Manufacturers of anti-microbial packaging products use raw materials such as solvents, epoxy, and other resins. Most of the raw materials are petroleum-based. Thus, their prices are influenced by the fluctuations in crude oil prices. Furthermore, the cost of anti-microbial agents and silver is also subject to volatility.
BASF, LINPAC, Mondi, PolyOne, BioCote, Covestro, DUNMORE, Microban International, Sealed Air, Sciessent, and The Dow Chemical Company.
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