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Showing posts with the label Antimicrobial Additives Market

The Role of Antimicrobial Additives in Modern Manufacturing

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Antimicrobial Additives Market Growth & Trends The global  antimicrobial additives market  size is expected to reach USD 5.63 billion by 2030, registering a CAGR of 9.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella. The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the COVID-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of COVID-19 will positively impact the market growth. The Asia Pacific...

Antimicrobial Additives Market Latest Trends, with Overview and Insights 2030

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Antimicrobial Additives Industry Overview The global antimicrobial additives market size was valued at USD 2.65 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. The rising population and rapid urbanization in emerging economies of Asia Pacific are likely to boost the growth of the end-use industries, which, in turn, is expected to escalate the product demand over the forecast period. The product demand is expected to increase majorly in the healthcare and packaging application industries. Rising demand for healthcare and packaging products, due to the growing number of COVID-19 cases around the world, is projected to support the market growth. The Asia Pacific is expected to dominate the global market on account of the strong presence of the major healthcare product manufacturers. Gather more insights about the market drivers, restrains and growth of the Global Antimicrobial Additives market After the pandemic, Japan, Indi...