Global Antimicrobial Plastics market outlook 2024, Forecast To 2033
24 Jan, 2024
The antimicrobial plastics market has witnessed rapid growth, escalating from $49.4 billion in 2023 to $54.95 billion in 2024 at a CAGR of 11.2%. Historical growth is attributed to economic growth, the rise in the food and beverage industry, growth in the healthcare sector, the growth in the global population, and growth in the automotive industry. Anticipated trends in the forecast period include advanced nanotechnology, sustainable solutions, customization and tailored solutions, research and development efforts, and strategic partnerships. The market is expected to see rapid growth, reaching $86.68 billion in 2028, with a CAGR of 12.1%, driven by factors such as increasing awareness of healthcare-associated infections (HAIs), growing concerns about food safety, rising awareness about hygiene and cleanliness, and rising urbanization.
Global Antimicrobial Plastics Market Key Driver
The antimicrobial plastics market witnesses growth driven by increased penetration in food and beverages, packaging, and healthcare. The packaging industry in India is predicted to grow by 26.7%, propelled by the widespread use of antimicrobial plastics. Increased awareness about environmental impact and transitioning to new packaging standards further drives market growth. The rise in population and health awareness contributes to the increasing penetration of antimicrobial plastics in various sectors, anticipating continued growth in the forecast period.
Get A Free Sample Of The Global Antimicrobial Plastics Market ReportGlobal Antimicrobial Plastics Market Segments
The global antimicrobial plastics market covered in this report is segmented –
1) By Product: Commodity Plastics, Engineering Plastics, High-Performance Plastics
2) By Additive: Inorganic, Organic
3) By Application: Refining And Petrochemical, Metals, Power Generation, Other Applications
4) By End-Use: Building And Construction, Automotive And Transportation, Healthcare, Packaging, Food And Beverage, Textile, Consumer Goods, Other End-Uses
By Geography: The regions covered in the Antimicrobial Plastics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the antimicrobial plastics market in 2023. North Americais expected to be the fastest-growing region in the forecast period. The regions covered in the antimicrobial plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Antimicrobial Plastics Industry Players
DuPont de Nemours Inc., BASF SE, Microban International, Sanitized AG, RTP Company, Milliken & Company, PolyOne Corporation, Lonza Group, BioCote Ltd., Wells Plastics Ltd., Toho Tenax Co. Ltd., Akcros Chemicals, Addmaster (UK) Ltd., Symmetry Surgical, Beaulieu Technical Textiles, SANITIZED Preservation AG, Microbe Inotech Laboratories Inc., Acciona, Trex Company Inc., Biocryptology, Grasim Industries Limited, Tosaf, Radici Group, Americhem, Mexichem Specialty Compounds, Fiberon LLC, King Plastic Corporation, Biomerics LLC, Ferro Corporation, Plastics Europe
Get The Full Global Antimicrobial Plastics Market Report
Antimicrobial Plastics Market Overview
Antimicrobial plastics refer to synthetic polymer material containing an integrated and active component that inhibits bacteria growth. Antimicrobials can inhibit or alter one or more of the following cell functions of microorganisms such as cell wall synthesis, protein synthesis, cell membrane functions and nucleic acid synthesis. Antimicrobial plastics are used in healthcare to reduce the spread of microorganisms such as staph, strep, and methicillin-resistant staphylococcus aureus (MRSA) infections.
Antimicrobial Plastics Global Market Report 2023 provides data on the global antimicrobial plastics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The antimicrobial plastics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.