Antimicrobial Additives Market Likely To Boost The Growth Product Demand In Healthcare And Packaging Sector
Antimicrobial Additives Industry Overview The global antimicrobial additives market size was valued at USD 2.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2028. 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. Asia Pacific is expected to dominate the global market on account of the strong presence of the major healthcare product manufacturers. After the pandemic, Japan, India, and Indonesia are expected to contribute to the growth of the construction sector in the Asia Pacific region o...