Technavio has announced the top five leading vendors in their recentglobal anti-microbial packaging materials marketreport. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
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Technavio has published a new report on the global anti-microbial packaging materials market from 2017-2021. (Graphic: Business Wire)
The global anti-microbial packaging materials market is expected to grow rapidly owing to the increasing demand from the food and beverages sector. Economic growth in developing countries, including China, India, Brazil, Mexico, and Russia, is fostering the market growth during the forecast period. This can be attributed to the increasing disposable income of users and changing consumer food preferences in the developing nations.
Competitive vendor landscape
The global antimicrobial packaging materials market is highly fragmented. There is intense competition among vendors on the global and regional levels. They are also competing with small competitors focusing on limited product portfolio and geographic reach. It is expected to witness a slow but gradual increase in the number of new entrants, especially in the intelligent technology packaging segment of the market.
"Vendors compete based on the development of innovative products and packaging performance characteristics, service, and price. As the competition is based on providing innovative products, vendors need to invest in R&D continuously to develop advanced packaging solutions," says Hitesh Bhatia, a lead metals and minerals research analyst from Technavio
The growth in the electrical and electronics sector in developing regions has spurred the demand for anti-microbial packaging materials. The anti-microbial packaging materials manufacturers are affected by the fluctuating raw material costs.
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Top five anti-microbial packaging materials market vendors
BASF
BASF offers HyGentic anti-microbial technology that protects against bacterial growth on a wide range of polymeric surfaces. The company offers Irgaguard, an inorganic anti-microbial agent which is based on silver glass/zeolite. It is a silver glass/zeolite based anti-microbial agent.
LINPAC
LINPAC helps in developing, manufacturing, and marketing of plastic packaging solutions for various end-markets such as the retail, catering, and food manufacturing segments in the UK. In April 2017, The Klöckner Pentaplast Group signed a binding agreement to acquire LINPAC Senior Holdings Limited.
Mondi
Mondi's pulp mills convert wood into pulp, and its paper mills recycle and convert paper and pulp into uncoated fine paper and packaging paper. Its packaging products facilitate containerboard and kraft paper. Its uncoated fine paper business produces professional printing and office papers.
PolyOne
The merger between M.A. Hanna Company and The Geon Company in 2000 formed PolyOne. The company provides its services to more than 10,000 customers in 35 countries. It mainly operates in APAC, Europe, North America, and South America. The company provides its services to a wide range of sectors including building and construction, electronics and electrical, textiles, packaging, health care, and transportation.
BioCote
BioCote provides a patented anti-microbial powder coating product technology. Its anti-microbial technology is used by companies worldwide to enhance the performance of their products and protect against the potential negative impact of microbial contamination.
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