Antimicrobial Packaging Market: By anti-microbial Type (Plant Extracts, Bacteriocins Enzymes, Organic acids), By packaging type (Bags, Pouches, Trays, Cartons, Others), By Material Type (Paper & Paperboard, Plastic, Biopolymers, Others), By End- User (Food & Beverages, Agriculture, Healthcare, Cosmetics, Others) and Geography

The Antimicrobial Packaging Market size was valued at USD 11,826.7 million in 2023 and poised to grow at 5.7% CAGR from 2024 to 2030. Antimicrobial packaging prevents the growth or decay of bacteria in packaged goods, which can pose issues with food safety and quality. The notion of 'Active Packaging' was established during the process, in which various active compounds are included into the packaging material to improve its functionality.

The increased demand for packaged food due to increased disposable incomes across globe is expected to fuel the antimicrobial packaging market. Packaged food has long been a major health concern, and as a result, governments around the world have implemented numerous regulations governing food packaging, which is positively impacting market growth. Food processing firms invest much in developing healthier packaging solutions to meet these legal requirements, which fuels demand for antimicrobial packaging market. In addition, the usage of antimicrobial packaging in the healthcare business is driving up product sales. Consumers' growing awareness of cleanliness and packaging of food products, grooming solutions, and pharmaceuticals is expected to drive market expansion. Furthermore, antimicrobial packaging is increasingly being used in the beverage packaging industry. Antimicrobial agents are used to extend the shelf life of alcoholic, non-alcoholic, fruit juices, flavoured milk, wines, and dairy-based beverages and drinks. Furthermore, surge in demand for baked and confectionary products among consumers in emerging economies is likely to propel market expansion throughout the forecast period.

Antimicrobial Packaging Market Key Developments:

• In August 2022, Mondi plc purchased the Duino mill near Trieste (Italy) from the Burgo Group for a total of €40 million to expand its packaging operation. The mill now operates one paper machine that produces lightweight coated mechanical paper. Mondi intends to convert this paper factory to generate around 420,000 tons of high-quality recycled containerboard per year for an estimated €200 million expenditure.
• In March 2022, BERRY GLOBAL, which provides innovative packaging solutions, and PYLOTE, a producer of industrial mineral chemistry, have announced a strategic agreement to develop breakthrough antimicrobial packaging solutions that promote cleanliness and are safer for consumers and patients. They introduced a multidose ophthalmic dropper with antibacterial characteristics.