Antimicrobial Packaging Market Focusing On Top Leading Players, Share, Future Tr
Posted by Fred Williams on April 6th, 2021
The increasing incidence of microbial infestation of packaged food is fuelling the growth of antimicrobial packaging market. In several parts of the world, strict regulations in place to safeguard the quality of packaged food, manufacturers of packaged food need to adhere to packaging guidelines laid down by statutory bodies. This is stoking demand for antimicrobial packaging solutions.
Moreover, rising foodborne and waterborne diseases, and growing awareness to minimize food wastage that can help with food shortage issues are some other key factors benefitting the antimicrobial packaging market.
On the flip side, lack of infrastructure for antimicrobial packaging facilities and lack of awareness are some bottlenecks to the growth of antimicrobial packaging market in emerging economies.
A report by Transparency Market Research projects the global antimicrobial packaging market to expand at a healthy CAGR of 5.6% between 2016 and 2024. At this pace, the market is likely to reach a valuation of US.88 bn by 2024, increasing from US.65 bn in 2016.
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About the AuthorFred Williams
Joined: May 7th, 2020
Articles Posted: 371
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