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Showing posts with the label Antimicrobial Additives Industry

Industry Outlook of Antimicrobial Additives Market By Trend, Top Players Analysis till 2025

The growing demand for healthcare products such as medical devices and disposables in emerging economies including India and China will fuel growth over the forecast period. Furthermore, increasing awareness among consumers regarding hospital acquired infections (HAIs) is expected to propel the demand for products with antimicrobial properties further. The Global Antimicrobial Additives Market size is expected to reach USD 15.34 billion by 2025, according to a new report by Grand View Research, Inc. The usage of antimicrobial additives in the packaging industry will witness considerable revenue growth at a CAGR of 7.1% from 2016 to 2025. These additives are added to the plastic products to prevent spoilage of food, beverages, and medicines due to microbial contamination. Moreover, the rising number of fast food chains and restaurants are anticipated to drive the demand for packaging thereby increasing product demand. In addition, the increasing usage of these additives in the ...