Antimicrobial Packaging Market by Base Material (Plastics, Biopolymer, Paperboard, Others)- Forecast to 2021

MarketsandMarkets projects that the antimicrobial packaging market size will grow from USD 7.28 Billion in 2015 to USD 10.00 Billion by 2021, at an estimated CAGR of 5.54%. The rising concerns toward food wastage, growing consumer awareness about health-related issues, rising consumption of products with shorter shelf life such as meat products, and increasing demand by various end-user industries such as food & beverage, healthcare, personal care, consumer goods, and agricultural products are the major factors driving the growth of the antimicrobial packaging market. Additionally, with rapid urbanization and demand for better quality products across the globe, there is a rapidly increasing need for antimicrobial packaging. Food & beverages is projected to have the largest market share and dominate the antimicrobial packaging market. Healthcare is the next application to play a key role in changing the antimicrobial packaging landscape and is projected to grow at the second-highest rate during the forecast period.

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Plastics as a base material to play a key role

The report defines and segments the antimicrobial packaging market on the basis of base material into plastics, biopolymer, paper & paperboard, and others. The plastics segment is estimated to contribute the largest market share whereas paper & paperboard, at the second-largest market share, will play a key role in changing the antimicrobial packaging landscape during the forecast period. Apart from this, biopolymer is also projected to add to the healthy growth.

The antimicrobial packaging solutions offer various advantages such as maintaining the quality of the products, increasing the shelf-life of the commodity, and keeping them fresh. These are some of the main reasons which have led to the increase in the share of antimicrobial packaging in the packaging industry. The food & beverages industry, for a long time, has been the major contributor to the rising demand for antimicrobial packaging.

Antimicrobial packaging solutions are widely used across regions. The Asia-Pacific region leads the market due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As antimicrobial packaging is used widely by different industries, such as food & beverages and healthcare, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these packaging solutions. This is followed by Europe, which is the second-largest market for antimicrobial packaging, followed by North America and Rest of the World.

The global market for antimicrobial packaging is dominated by players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Mondi Plc (South Africa), PolyOne Corporation (U.S.), Biocote Limited (U.K.), Dunmore Corporation (U.S.), Linpac Senior Holdings (U.K.), Microban International (U.S.), Oplon Pure Sciences Ltd. (Israel), and Takex Labo Co. Ltd.

Industrial Labels Market by Industry (Transportation, Automotive), Type (Warning, Asset Tags)- Global Forecast to 2021

The market for industrial labels is projected to grow USD 55.95 Billion by 2021, at a CAGR of 5.39%. The market for industrial labels is growing due to increasing demand in end-use industries such as construction, automotive, consumer durables, transportation & logistics, and aerospace & defense.

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Warning/security labels type gain maximum traction during the forecast period

Warning/security labels type is highly preferred because of a variety of reasons such as to attract attention to warnings, to identify risks/hazards involved, to convey security messages, and to provide product-related information. These labels are highly used at the manufacturing sites such as automotive, construction, manufacturing, and marine to maintain a safe working environment.

Transportation & logistics segment is projected to grow at the fastest rate during the forecast period

The industrial labels market is segmented on the basis of end-use industry into transportation & logistics, construction, automotive, consumer durables, and others. In 2015, the transportation & logistics segment accounted for the largest share of the end-use industry segment and is projected to grow at the highest CAGR during the forecast period. The increasing e-commerce, online shopping businesses, increasing supply chain & warehousing industry, and governments’ initiatives to propel FDI have encouraged the industrial labels market to grow.

The strategies such as mergers & acquisitions and agreements & expansions were majorly adopted by most of the players in this market. Companies such as H.B. Fuller (U.S.), Henkel Ag & Co. KGaA (Germany), CCL Industries Inc. (Canada), and Fuji Seal International, Inc. (Japan) were the key players who adopted these strategies to increase the reach of their offerings, improve their production capacity, and establish focus on core operations. Companies also emphasized on new product launches to increase their product portfolio in the fast-growing regions. Companies such as Brady Corporation (U.S.) and DUNMORE (U.S.) have adopted this strategy. These players also have a strong distribution network and influencing presence in the developed as well as developing economies.

The Biodegradable Mulch Films Market is Diversified and Competitive, with a Large Number of Players

Mulching is a technique used to cover the soil surface around crops to create optimum conditions for crop growth. The usage of biodegradable mulch films is an eco-friendly mulching technique to carry out controlled agriculture on limited arable land, with limited irrigation. With the ability to self-degrade at the end of the cycle, it avoids the removal and disposal of plastic. Biodegradable mulch films, without having any adverse impact on the environment, assist in improving crop quality and enhancing agricultural productivity by minimizing soil erosion, providing nutrients, increasing soil temperature, and suppressing the growth of weeds. MarketsandMarkets projects the global biodegradable mulch films market size to grow from USD 35.76 Million in 2016 to USD 52.43 Million by 2021, at a CAGR of 7.95% . The need to increase agricultural production by eco-friendly means is boosting the demand for biodegradable mulch films.

The biodegradable mulch films market is diversified and competitive, with a large number of players. The key players in this market include BASF SE (Germany), Kingfa Sci & Tech Co Ltd (China), BioBag International AS (Norway), AEP Industries Inc. (U.S.), and RKW SE (Germany), while other players include British Polythene Industries PLC (U.K.), Armando Alvarez (Spain), Al-Pack Enterprises Ltd. (Canada), Novamont S.Pa. (Italy), and AB Rani Plast OY (Finland). These players have adopted various strategies to expand their global presence and increase their market share. Expansions, agreements, joint ventures, mergers & acquisitions, and new product launches & technological advancements are some of the major strategies adopted by the market players to achieve growth in the biodegradable mulch films market.

The major players in the biodegradable mulch films market had done expansions, launched new products and offerings, and brought technological advancements to strengthen their product portfolio and to expand their offerings to newer clients. BASF SE (Germany) has gained market prominence through its biodegradable mulch films ECOVIO and ECOFLEX. The company strengthened its product portfolio through the inclusion of ECOVIO F MULCH.  It also expanded geographically in emerging economies like China by providing biodegradable mulch films for agricultural land for the production of crops such as corn, tomatoes, and potatoes. Furthermore, the company increased the production of ECOFLEX through a new production site in Germany, which also helped the company to expand its biodegradable mulch film market.

Kingfa Sci & Tech Co Ltd (China) launched 30,000 metric tons of capacity of biodegradable EcoPond-branded polylactic acid/polybutylene succinic polymer, which helped it to develop a leading position in the market. Novamont S.Pa. (Italy) introduced Mater-Bi agricultural mulching films for strawberries. These mulch films are biodegradable in the soil and ensure mulching over the crop cycle. This launch has helped the company in catering the demand of its large eco-friendly customer base.

BASF SE (Germany) started operations in its new plant which increased the production of its biodegradable plastic, Ecoflex. This new expansion helped the company to increase its production capacity and maintain its market position. Kingfa Sci & Tech Co Ltd (China) launched a plant in Tianjin in north China that has an annual capacity of 100,000 metric tons and designed the total capacity of 400,000 metric tons. Another new plant in Kunshan in east China is nearing its completion and performing test runs. It has a designed capacity of 400,000 metric tons. The key players also adopted the strategy for mergers & acquisitions to increase their geographic presence and expand their product portfolio to untapped markets. RKW Group (Germany) acquired Biofol Film GmbH (Germany), a manufacturer of films for gardening and agriculture applications. The acquisition helped the company to increase and strengthen its product portfolio in the agricultural sector that also leads to growth opportunity for the biodegradable mulch film segment.
The biodegradable mulch films market traditionally brought innovations in raw materials used to ensure effective functioning of biodegradable mulch films. It is keeping pace with technological advances seen in the agriculture industry and is poised to attain economic and technological expansions in the near future.

Related Reports:
Biodegradable Mulch Film Market by Biodegradable Plastic (TPS, AAC, Controlled Degradable Masterbatches), by Type (Starch, Starch Blended With PLA, Starch Blended With PHA), by Crop Type (Fruits & Veg, Grains, Plants) & by Region - Global Forecast to 2021

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Digital printing is projected to be the fastest-growing segment of the inventory tags market

The inventory tags market, by printing technology, is classified into nine segments, namely, digital printing, flexographic printing, gravure printing, thermal printing, screen printing, lithography, offset, and letterpress. The digital printing segment accounted for the largest market share with its numerous benefits such as high-quality, cost-effective solution for manufacturing well-designed inventory tags with recycling options. Digital printing also uses ink-jet printing to print images.

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Inventory tags market size is expected to grow from USD 4.08 Billion in 2016 to reach USD 5.07 Billion by 2021, at an estimated CAGR of 4.43%. Increasing awareness toward protection against theft, loss, and counterfeiting; scope for technology integration; identification of products without human intervention or need of line-of-sight; and adoptions of real time tracking systems are some of the factors that contribute to the growth in the demand for inventory tags in packaging. Additionally, strict laws pertaining to counterfeiting activities, need for efficient use of supply chain, and availability of cost-efficient counterfeiting technologies have propelled packaging companies to opt for inventory tags technologies, which enabled cost savings.

Authentication technologies such as barcodes, RFIDs, and security inks & dyes are used by companies to protect their brand image. The use of authentication technologies in the industrial sector is projected to grow at the highest CAGR during the forecast period. Developing markets such as China, Brazil, and India are emerging as growth frontiers for the inventory tags market. Growing economies, globalization, and reduced trade barriers act as the main drivers for increased opportunities in these countries.

Zebra Technologies Corporation (U.S.) has maintained its leadership position through its strong distribution network across Asia Pacific, Europe, and the Americas. Zebra Technologies Corporation has strengthened its position as a leading provider of visibility solutions across the world. The company has adopted mergers and acquisitions as its key strategies to capture the market. In October 2014, Zebra Technologies Corporation acquired the enterprise business of Motorola Solutions, Inc. (U.S.) which strengthened Zebra’s product portfolio, geographic reach, go-to-market channels, and industries served. The company plans to enter into new and emerging markets given its stable financial position and a strong customer base.