Antimicrobial Plastic Market By Type (Commodity Plastics, Polymethyl Methacrylate, High Performance Plastics); By End-User (Food and Beverage, Healthcare, Textiles, Construction, Electronic, Packaging); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
The global antimicrobial plastics market size was valued at USD 35.5 billion in 2022 and is expected to reach USD 74.2 billion by 2032, growing at a CAGR of 7.2% from 2022 to 2032. Further, the market was deliberate at USD 23.9 billion in 2018 and is anticipated to reach at a notable valuation by the end of projected period. The antimicrobial plastic is also known as polymeric biocides which have certain antimicrobial agents and additives such as, arsenic-based oxybisphenox arsine and organic-metallic biocides. Antimicrobial plastic helps in heat resistance, strength-to-weight ratio, and chemical stability. The major application of antimicrobial plastic is killing of microorganisms by inhibiting their growth in the packaged and commercial products. It has large number of applications in various industries such as automotive, healthcare, constructions, textiles, packaging and others.
Antimicrobial Plastic Market Growth Drivers & Restraints
The market of antimicrobial plastic is expected to thrive on the back of rising environmental concerns among consumers. In comparison to other plastics, antimicrobial plastic is eco-friendlier in nature and cost effective. Plastic product manufacturers are using antimicrobial in their products including plastic bottles, food packaging and medical equipment, which in turn expected to propel global antimicrobial plastic industry growth over the forecast period. Additionally, the government across the globe is encouraging consumers to adopt eco-friendly plastics such as antimicrobial plastics, which provides protection from the harmful bacteria and germs. Further, the Indian government has recently banned uses of plastic bags and encouraged population to use antimicrobial plastics. Government regulations such as ‘Environmental Protection Agency’ (EPA) by US government for delivering an ecofriendly antimicrobial plastic for product packaging purposes are driving the growth of antimicrobial plastic market.
Additionally, the rise in communicable diseases through parasites, microorganisms in the food combined with rising healthcare and hygiene concerns among people are some of the major factors that are anticipated to supplement the growth of the antimicrobial plastic market by the end of 2025. Further, rising adoption of antimicrobial plastics in various end-user industries such as healthcare industry, food and beverages, homes & building, automation, agriculture and others is escalating the growth of antimicrobial plastic market. Among them the healthcare end-user sector segment dominates the antimicrobial plastic market. Growing awareness about the benefits of using antimicrobial plastics in medical devices along with increasing spending by consumers on healthcare are collectively augmenting the demand for antimicrobial plastics in healthcare industry across the world. The growth of the antimicrobial plastic is largely driven by growing population across the globe and increasing per capita income. In terms of region, the Asia Pacific is poised to be the largest antimicrobial plastics market and china is the strongest country for the antimicrobial plastic in this region. The large population base along with growing adoption among end use industries such as medical and automotive are complementing the growth of market in the region. However, serious cost fluctuation of raw materials is likely to hamper the growth of antimicrobial plastic market.
Antimicrobial Plastic Market Segmentation
The research offers a comprehensive analysis of Antimicrobial Plastic market with respect to following sub-markets:
- Commodity Plastics
- Polymethyl Methacrylate
- High Performance Plastics
- Food and Beverage
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as:
- DowDuPont Incorporation
- BioCote Ltd
- BASF Group
- Clariant AG
- Lonza Group
- PolyOne Corporation
- Microban International Ltd.
- Parx Plastics N.V.
- King Plastic Corporation
- Sanitized AG
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in antimicrobial plastics equipment.
Timeline Considered for Analysis:
- 2021- Base Year
- 2022 – Estimated Year
- 2022 to 2032– Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the antimicrobial plastic market by the following segments:
- By Type
- By End-User
Geographic Market Analysis
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Antimicrobial Plastic Market Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e., 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?