Advanced Materials Industry Packaging Additives Market Size 2024

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Packaging Additives Market Share, Size, Analysis, Strategies,
Growth, Trend Analysisand Forecasts to 2024 | Hexa Research
"Packaging Additive Market Size Worth USD 1.01
Billion By 2024"
The global Packaging Additive Market is anticipated to reach USD 1.01 billion by 2024. The increasing
demand for the use of additives such as antimicrobial agents, antifog agents, and oxygen scavengers as a
result of protecting the packed product such as food, beverages, and pharmaceutical from the external
environment is expected to boost the market over the forecast period.
In 2016, Asia Pacific contributed to 28.1% of the overall market in terms of revenue. The market is expected
to grow substantially on account of the increasing demand for packed foods and beverages. Moreover, the
growth of the pharmaceutical manufacturing sector in the region is expected to augment the growth of the
market.
The demand for packaging additives is expected to witness a significant growth on account of the
technological development and lower-cost solutions. Moreover, major manufacturing companies are
investing heavily in R&D to introduce innovative products and expanding their presence in the global market
by increasing their production capacity to meet the required demand.
Browse Details of Report @ https://www.hexaresearch.com/research-report/packaging-additives-market
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