Micro Packaging Market: By Product Type (Films, Bottles, Boxes, Cartons, Pouches, Cans, Others), By Application (Food & Beverages, Pharmaceutical, Personal Care & Cosmetics, Durable Consumer Goods, Others) and Geography

Micro Packaging Market is poised to grow at a CAGR of 16.8% from 2024-2030. Micro-perforated food packaging is designed specifically for perishable foods, with the intention of increasing shelf life and improving moisture retention. According to the Food and Agriculture Organization of the United Nations, vegetable production in the United States increased to 8,07,349 tonnes in 2018, up from 7,09,033 tonnes in 2017. With rising consumption, the demand for tiny packaging grows. The market is driven by the development of new biological substances and the emergence of novel medication delivery technologies. Chronic diseases are growing rapidly worldwide, and the World Health Organization estimates that in 2001, chronic diseases accounted for roughly 60% of the world's 56.5 million total recorded deaths and approximately 46% of the global disease burden.

The share of the burden of noncommunicable diseases (NCDs) is anticipated to rise to 57% by 2020. Cardiovascular disease, obesity, and diabetes account for about half of all chronic disease mortality. These disorders create a demand for medicine that uses micro packaging since it improves the stability and shelf life of the drug and delivery mechanism. Leaching of nanoparticles limits the market's growth. The size and structure of the original nanoparticles can alter substantially, which affects the stability and chemical activity of nanomaterials. For antimicrobial activity, a small amount of silver migrates slowly from the inside of the packaging material to the surface, releasing silver ions that attack microbes. As a result, AgNPs are most likely eaten when food comes into touch with the packing surface.

Micro Packaging Market Key Developments:

• In September 2022, Amcor acquires the flexible packaging factory from Danaflex, a Russian packaging firm. Danaflex makes laminated plastic pouches principally for pet food, infant food, and coffee. The plant also has flexographic and gravure presses, as well as a research and development center for sustainable packaging solutions. The acquisition will help Amcor thrive its presence in Central Europe.
• In March 2021, Toppan Printing announced that it had created virus weeper film packaging with antibacterial and antifungal properties. It is Japan's first paper-based carton packaging that can reduce the presence of virus particles on surfaces.