The Transparency Market Research (TMR) report projects the global antimicrobial packaging market to register a promising CAGR of 5.1% from 2016 to 2024, PR Newswire states. By the end of 2024, the market will have been worth $15.31 billion, the TMR report predicts.
Out of various materials for antimicrobial packaging, demand for plastic from various industries is expected to remain high in the next few years as they are effortlessly pliant and provide adequate levels of safety and flexibility. Region-wise, Asia Pacific is expected to lead the global antimicrobial packaging market in the coming years. This is attributed to the flourishing retail division and rapid establishment of various industries in the region.
Among other materials, global antimicrobial packaging market uses plastics, HDPE, LDPE and PVC in particular.