The antimicrobial packaging market size will grow from USD 7.28 Billion in 2015 to USD 10.00 Billion by 2021, at a CAGR of 5.54%. The demand in this market is supported by increasing demand in the Asia-Pacific region and wide application in diverse industries. Antimicrobial packaging is one of the forms of active and controlled-release packaging technologies. It helps to increase the shelf life of the product and prevents microbial contamination to the packed product while ensuring its safety and quality. Antimicrobial packaging is widely used in the food industry as a result of the rising consumer demand for products that are perishable, preservative-free, and minimally processed.
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Global antimicrobial packaging manufacturers and vendors are continuously adding innovation to their products & services to protect the enterprise networks against advanced persistent threats. Also, antimicrobial packaging solutions are being increasingly adopted in various verticals such as food & beverages, healthcare, consumer goods, personal care goods, and agricultural goods which have led to the growth of the market across the globe. Asia-Pacific is projected to have the largest market share during the forecast period with the highest potential for growth opportunities.
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. These players have adopted various strategies to expand their global presence and increase their market share. New product developments, agreements, and acquisitions are some of the major strategies adopted by the market players to achieve growth in the market.
The growth of the anti-microbial packaging market was largely influenced by new product development in the past 10 years. A large number of developments such as new product development, acquisitions, and agreements were made by top players in the market in 2015. New product development was the major strategy adopted by most of the players in the anti-microbial packaging market. Companies such as BASF SE, The Dow Chemical Company, and Mondi Group were the key players who adopted this strategy to increase the reach of their offerings and improve their production capacity.
Also, the year 2015 saw a lot of acquisitions by key players to increase their geographic presence and expand their product portfolio to untapped markets. During this, Dow Microbial Control (U.S.), a business group of The Dow Chemical Company (NYSE: DOW), received approval from the United States Environmental Protection Agency for its innovative, solid form of KATHON Antimicrobial. KATHON 7 TL Antimicrobial solid tablets are packaged in a water-soluble film that dissolves rapidly with no residue, significantly reducing potential user contact with the active ingredients. Also, Dow Microbial Control (U.S.) and the manufacturer of SILVADUR Antimicrobial announced that Pulcra Chemicals (Germany) has been added to its global distributor network for SILVADUR Antimicrobial. Pulcra Chemicals is a leading global supplier of innovative specialty chemicals and systems solutions for increasing the productivity of manufacturing processes in the fiber, textile, and leather industries. Apart from this, Mondi Plc signed an agreement with Walki Oy (“Walki”) (Finland) for the acquisition of two extrusion coating plants located in Pietarsaari in Finland and Wroclaw in Poland. The acquisition would strengthen Mondi Plc’s position in the European extrusion coatings market and increase the range of technical capabilities offered to customers.
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