SAN FRANCISCO, December 19, 2016 /PRNewswire/ --
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 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.
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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 paper for packing medicines and food will create immense growth opportunities over the forecast period.
Browse full research report with TOC on "Antimicrobial Additives Market Analysis By Type (Organic, Inorganic), By Application (Plastics, Paints & Coatings, Pulp & Paper), By End-Use (Healthcare, Packaging, Food & Beverages, Construction, Automotive), By Region, And Segment Forecast, 2014-2025" at: http://www.grandviewresearch.com/industry-analysis/antimicrobial-additives-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global antimicrobial additives market on the basis of type, application, end-use and region:
Access research insight: http://www.grandviewresearch.com/research-insights/antimicrobial-additives-market-insights-size-share
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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