According to Market Research Future (MRFR), Global Food Antimicrobial Coating Market is expected to acquire a significant market value while expanding at a notable CAGR during the forecast period from 2016 to 2027.
The food antimicrobial coating industry is expected to be majorly driven by the increasing demand for a longer shelf life of food among the expanding populace. The need for antimicrobial coatings is likely to increase due to rising concerns regarding cleanliness in food and beverages sector, which is expected to boost the trade during the assessment period. The growing requirement to maintain high-quality standards in the foodservice sector with superior performing coatings can bolster the food antimicrobial coating industry. Furthermore, the increasing concern to prevent contamination that may have occurred through instruments used in food processing can underpin the market expansion during the assessment period.
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On the other hand, the food antimicrobial coating industry is anticipated to be hampered due to the volatility in the price of raw material. However, the availability of environment-friendly and low-cost antimicrobial coatings can counter the impeding cause and aid in promoting the market.
Renowned players of the Global Antimicrobial Coating Market are Royal DSM, Dow Microbial Control, PPG Industries Inc., BASF SE, E. I. Du Pont De Nemours & Company Diamond Vogel, and AK Coatings.
The segmental analysis of the global food antimicrobial coating market is done by application and type.
The application-based segments of the global food antimicrobial coating market are processed & ready to eat foods, sweeteners, and others.
The type-based segments of Global Food Antimicrobial Coating Market are copper, silver, zinc oxide, and others.
Based on the region, the global market for food antimicrobial coating market is done by North America, Asia-Pacific, Europe, and the Middle East & Africa.
As per the analysis by MRFR, the global market for antimicrobial coating market is anticipated to be dominated by the US. The region is expected to acquire significant revenue due to established end-use sectors such as; food and beverages and others. Among all countries, the US is likely to make the most significant participation owing to the presence of various key players. Furthermore, the high per capita income may foster the market in the coming period.
Europe is expected to acquire the second-largest market for food antimicrobial coating owing to the salient participation of the UK, Italy, France, and Germany. The on-doing R&D programs are likely to augment the market in the coming period. The high disposable income, along with the expanding pharmaceuticals, may actuate the trade in the region notably. Furthermore, the growing need to maintain hygiene and cleanliness in food and beverages is likely to augment the regional market in the coming period.
The APAC region is anticipated to be a lucrative market during the forecast period owing to the rapid development of evolving economies like India, China, and Japan. The growing awareness about hygiene and cleanliness is expected to underpin the market during the projection period. The growing demand for the longer shelf life of food among the expanding populace is anticipated to strengthen the market in the coming period. Furthermore, the availability of environment-friendly coatings can foster market expansion during the forecast period.
The MEA region is anticipated to acquire the least market share during the forecast period owing to the presence of underdeveloped economies, specifically, the African countries. However, Middle East countries are economically stable and more aware than the African region, which is expected to support market expansion in the coming period.
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