Antimicrobial Packaging Market Expected To Create Lucrative Opportunities For The Global Market

A noticeable rise in the microbial infestation of various packaged food products are supporting the growth of the global antimicrobial packaging market. Several stringent rules and regulations have been implemented to ensure the quality of the packaged food. Makers of packaged food products are bound by these strict rules as laid down by the relevant authorities across the globe.

The Dow Chemical Company, Linpac Senior Holdings, Oplon Pure Sciences Ltd., Dunmore Corporation, Sciessent LLC, TakexLabo Co. Ltd., Microban International, and PolyOne Corporation are some of the well-established companies in the global antimicrobial packaging market.

Research experts at Transparency Market Research (TMR) prepared a study on global antimicrobial packaging market, which elucidates in the every minute detail pertaining to the market dynamics. TMR analysts predict that the market would grow at a steady rate of 5.6% CAGR during the forecast period, from 2016 to 2024.

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North America to Lead the Market due to Growing Demand for Fresh Food Products

South America, Asia Pacific, the Middle East and Africa, Europe, and North America are some of the principal regions analyzed in the global antimicrobial packaging market.

North America is expected to account for a leading share of the market. The regional market is driven by countries like the U.S. where the demand for fresh food products have risen due to growing awareness about adverse effects of stale packaged food products. Antimicrobial packaging solutions prolongs the shelf life of food products, thereby retaining quality and freshness of food products.

In the global antimicrobial packaging market, Asia Pacific is one of the fastest growing regions and also accounts for a large chunk of the market share. Hectic lifestyle changes the preferences for type of food that one eats. Ready-to-eat meals are becoming increasingly popular in countries like India, China, and Japan, which is supporting growth of the global antimicrobial packaging market during the assessment period.

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