Technavio Announces the Publication of its Research Report Global Antimicrobial Packaging Market
Technavio recognizes the following companies as the key players in the antimicrobial packaging: LINPAC, Mondi, PolyOne, and BioCote.
Other Prominent Vendors in the market are: Agion Technologies, Covestro, BASF, DOW Chemical, Dunmore Corporation, Microban International, and Sealed Air.
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Commenting on the report, an analyst from Technavios team said: The global advanced packaging market, which includes the antimicrobial packaging market, is witnessing increased focus on the development of bio-nanocomposite based products. Bio-nanocomposites are composed of bio-based polymers and a nano-scale filler material. They are more eco-friendly and biodegradable than petroleum-based nanocomposites.
According to the report, in many regions, more than 59% of the food is wasted due to spoilage. Barrier packaging materials such as antimicrobial packaging materials are highly flexible, transparent, and prevent the passage of gases, liquids, and radiation. These materials are used in the form of thin films and sheets for food packaging. They increase the shelf life of packaged foods by preventing the passage of atmospheric air.
Further, the report states that The R&D costs for advanced packaging solutions such as antimicrobial packaging solutions are high. Also, testing of innovative materials for application in packaging involves elaborate procedures and is time-consuming and expensive. In addition, the price of certain raw materials used for manufacturing advanced packaging products is high. The use of these raw materials leads to higher procurement costs for vendors. Obtaining regulatory approvals is also costly.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Antimicrobial Packaging
Antimicrobial packaging is an active technology packaging solution. Antimicrobial agents are active barrier agents that are added to packaging materials for making antimicrobial packaging materials. Antimicrobial packaging materials are used to prevent the penetration of small atmospheric and molecular gases, such as carbon dioxide, oxygen, volatile flavor nitrogen compounds, water vapor, and aromatic compounds into the package.
Covered in this report
The report covers the present scenario and the growth prospects of the global antimicrobial packaging market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of antimicrobial packagings.
The market is divided into the following segments based on geography:
Technavio’s report, Global Antimicrobial Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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