The packaging industry has gone through immense changes to meet the changing requirement of customers and manufacturers. Packaging was earlier used only to protect the goods during the transit; nowadays manufacturers are using packaging as a tool to attract more and more customers. Technological advancement in packaging industry has enabled manufacturers to make the product last long thus increasing the shelf life and minimizing the losses for packaging manufacturers. Freezing, Pickling, drying, using of chemicals and modified atmospheric packaging. Anti perishable packaging is commonly used in food & Beverages industry, but it also has applications in chemical, pharmaceutical, and other industries. Majorly anti perishable packaging are of the flexible form of packaging as it is more advanced than the rigid packaging as it can provide packaging solutions such as anti-bacterial films, modified atmospheric packaging and vacuum skin packaging.
Anti Perishable Packaging Market: Market Dynamics
The technological advancement offered by flexible packaging enables packaging manufacturers to meet the requirement for extending the shelf life of the products. To tap the profit from the use of anti perishable packaging, manufacturers are investing more and more into flexible packaging. Flexible packaging is estimated to be around US$ 238 Bn and is expected to grow at a CAGR of 5.5% over the forecast period. The need of protecting the food from getting stale to minimize the wastage in food and beverage industry is driving the anti perishable packaging market.
Manufacturers are attracted towards anti perishable packaging as it can provide the cushion against the fluctuations in the turnover period of inventory by minimizing the losses from goods getting expired. To cover the elongated supply chain and to make the product last till it reaches the consumer are needs of manufacturer translating into the demand in the anti perishable packaging market. However, the use of chemicals for making the products last long can be harmful to consumer’s health. Despite the capabilities of packaging to make the product last long, there are some speculations that prolonged consumption of such food can have side effects on the consumer’s health which may hamper anti perishable packaging market. However, the ability of perishable packaging to make the product last long hence reducing the losses and enabling the packaging manufacturers to meet the demand of growing population can provide new opportunities for the anti perishable packaging manufacturers.
Anti Perishable Packaging Market: Market Segmentation
Anti perishable packaging market is segmented by packaging type, by material type, by product type and end-use industries.
Based on the packaging type, the anti perishable packaging market is segmented into:
- Modified atmosphere packaging
- Vacuum skin packaging
- Micro-perforated packaging
- Temperature controlled packaging
- Refrigerant packs
Based on the material type, the anti perishable packaging market is segmented into
Based on the Product type, the anti perishable packaging market is segmented into:
Based on the end-use industries, the anti perishable packaging market is segmented into:
- Food & beverages
- Fresh produce
- Bakery products
- Dairy products
Anti Perishable Packaging Market- Regional Outlook:
Regionally global anti perishable packaging market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
The lifestyle of consumers in North America and Western Europe supports the use of anti perishable packaging, massive consumption of processed meat and packed products is driving anti perishable packaging market in the region. Changing food consumption patterns and increased penetration of modern retail outlets is expected to boost the growth of anti perishable packaging market in Latin America and APEJ region. Eastern Europe and MEA are expected to exhibit moderate growth rate over the forecast period. While Japan is expected to contribute significant value share in the overall anti perishable packaging market.
Anti Perishable Packaging Market – Key Players:
Some major players of the anti perishable packaging market are Total Packaging Solutions Ltd, Amcor Limited, Berry Plastics Corporation, Hayssen Flexible Systems, Praxair Technology, Inc., StePac L.A. Ltd., Winpak Ltd., SEALPAC UK Limited, Linpac Packaging Limited, Bemis Company, Inc. and Sealed Air Corporation.