New York, United States, March 14, 2023 (GLOBE NEWSWIRE) -- An antimicrobial plastic is a synthetic polymer substance with an integrated active ingredient (antimicrobial additive) that makes it effective against microbial growth, including algae, fungi, and mildew. Antimicrobial plastics have recently expanded across various industries, including building and construction, automotive and transportation, medical, and others, due to the tendency of these microbes to reduce the lifespan of plastic products.
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Rising Product Demand for the Medical Devices Drives the Global Market
Medical devices require antimicrobial plastics because they stop microbes from sticking to the surfaces of instruments, equipment, and implants. There is a greater need for hospitals and clinics in developing countries due to rising healthcare costs and population growth. This is expected to increase demand for sophisticated medical tools and equipment in these regions. The rise in home healthcare use, the opening of long-term care facilities, numerous government initiatives to support early disease diagnosis, such as the United Nations Task Force's cervical cancer prevention and control program, and supportive policies like reimbursement coverage are the primary factors favorably influencing the growth of the diagnostic and monitoring segment. This will likely drive the demand for antimicrobial plastics over the forecast period.
Expanding Textile Industry Creates Tremendous Opportunities
The high surface area and moisture-retentive properties of textiles facilitate the growth of microorganisms. The end-user and the material both suffer a great deal as a result of this growth. Antibacterial textiles are used in areas where microbes and moisture coexist. These are just a few of the materials' uses, which include medical equipment, sportswear, food packaging, storage, mechanical and thermal protection, automotive textiles, heating, ventilation, air conditioning systems, air filters, and water purification systems. All these factors are expected to create tremendous opportunities for the global antimicrobial plastics market growth over the forecast period.
Report Scope
| Report Metric | Details |
| Market Size | USD 66.31 Billion by 2030 |
| CAGR | 7.60% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, By End-User, By Regions |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | BASF SE Parx Materials Nv, Covestro Ag, King Plastic Corporation, Clariant Ag, Sanitized Ag, Dow Inc., and Lonza. |
| Key Market Opportunities | Expanding Textile Industry |
| Key Market Drivers | Rising Product Demand for the Medical Devices Growing Demand from many End-User Industries for Antimicrobial Plastic Packaging |
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Regional Analysis
Asia-Pacific is the most significant global antimicrobial plastics market shareholder and is expected to grow at a CAGR of 8.7% during the forecast period. It is anticipated that the market for antimicrobial plastics in the region will expand quickly due to rising sales of passenger cars and the region's strong manufacturing bases in the automotive and transportation industries in China, Japan, and India. Additionally, it is anticipated that the government of India's supportive policies, such as foreign direct investments (FDI) and Make in India, will create a variety of growth opportunities for the automotive and transportation sectors, which in turn will increase the demand for antimicrobial plastics in automotive and transportation applications. As the region's industrial development continues, there is anticipated to be a rise in the demand for antimicrobial plastics in industrial machinery, equipment, and containers.
North America is expected to grow at a CAGR of 7.2%, generating USD 12,255.6 million during the forecast period. The North American construction industry is anticipated to grow significantly over the forecast period as demand for non-residential construction projects like hospitals, schools, and colleges increases. The expansion of office buildings, industrial facilities, educational institutions, and colleges is anticipated to increase the demand for antimicrobial plastics in the construction sector. Favorable government policies in the United States regarding domestic infrastructure construction under the National Infrastructural Protection Plan (NIPP) are anticipated to spur market expansion over the forecast period. The region's rising gross domestic product (GDP) as higher industrial output can be linked to growth in several industries, including building and construction, automotive and transportation, healthcare, packaging, food and beverage, textiles, consumer goods, and others. This is anticipated to fuel the local market for antimicrobial plastics over the forecast period.
Key Highlights
- The global antimicrobial plastics market size is expected to reach USD 66.31 billion by 2030, growing at a CAGR of 7.60% during the forecast period (2022–2030).
- Based on product, the global antimicrobial plastics market is bifurcated into commodity plastics, engineering plastics, and high-performance plastics. The commodity plastics segment is the highest contributor to the market and is expected to grow at a CAGR of 8.1% during the forecast period.
- Based on end-user, the global antimicrobial plastics market is bifurcated into building and construction, automotive and transportation, healthcare, packaging, food & beverages, textiles, and consumer goods. The healthcare segment owns the highest market share and is expected to grow at a CAGR of 8.8% during the forecast period.
- Asia-Pacific is the most significant global antimicrobial plastics market shareholder and is expected to grow at a CAGR of 8.7% during the forecast period.
The global antimicrobial plastics market’s major key players are
- BASF SE Parx Materials Nv
- Covestro Ag
- King Plastic Corporation
- Clariant Ag
- Sanitized Ag
- Dow Inc
- Lonza
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Global Antimicrobial Plastics Market: Segmentation
By Product
- Commodity Plastics
- Engineering Plastics
- High-performance Plastics
By End-User
- Building and Construction
- Automotive and Transportation
- Healthcare
- Packaging
- Food and Beverages
- Textiles
- Consumer Goods
By Regions
- North America
- Europe
- Asia-Pacific
- Central and South America
- The Middle East and Africa
TABLE OF CONTENT
- EXECUTIVE SUMMARY
- RESEARCH SCOPE & SEGMENTATION
- Research Objectives
- Market Definition
- Limitations & Assumptions
- Market Scope & Segmentation
- Currency & Pricing Considered
- MARKET OPPORTUNITY ASSESSMENT
- Emerging Regions / Countries
- Emerging Companies
- Emerging Applications / End Use
- Investment Landscape
- New Business Models / Revenue Streams
- TAM
- MARKET TRENDS
- Drivers
- Market Warning Factors
- Latest Macro Economic Indicators
- Geopolitical Impact
- Human Factors
- Technology Factors
- MARKET ASSESSMENT
- Porters Five Forces Analysis
- Value Chain Analysis
- Raw Material Analysis
- Sales And Distribution Channel Analysis
- Trade Analysis
- M & A Agreements & Collabration Analysis
- Export Import Analysis
- Cost Structure Analysis
- ESG TRENDS
- GLOBAL ANTIMICROBIAL PLASTICS MARKET SIZE ANALYSIS
- Global Antimicrobial Plastics Market Introduction
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- NORTH AMERICA MARKET ANALYSIS
- Introduction
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- U.S.
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- By Product
- Canada
- EUROPE MARKET ANALYSIS
- Introduction
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- U.K.
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- By Product
- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest Of Europe
- APAC MARKET ANALYSIS
- Introduction
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- China
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- By Product
- Korea
- Japan
- India
- Australia
- Taiwan
- South East Asia
- Rest Of Asia-Pacific
- MIDDLE EAST AND AFRICA MARKET ANALYSIS
- Introduction
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- UAE
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- By Product
- Turkey
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest Of MEA
- LATAM MARKET ANALYSIS
- Introduction
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- Brazil
- By Product
- Introduction
- Product By Value
- Commodity Plastics
- By Value
- Engineering Plastics
- By Value
- High-Performance Plastics
- By Value
- Introduction
- By End-User
- Introduction
- End-User By Value
- Building And Construction
- By Value
- Automotive And Transportation
- By Value
- Healthcare
- By Value
- Packaging
- By Value
- Food And Beverages
- By Value
- Textiles
- By Value
- Consumer Goods
- By Value
- Introduction
- By Product
- Mexico
- Argentina
- Chile
- Colombia
- Rest Of LATAM
- COMPETITIVE ASSESSMENT
- Adoption Matrix
- Antimicrobial Plastics Market Share By Manufacturers
- Antimicrobial Plastics Market Ranking By Revenue For Manufacturers
- Average Price By Manufacturers
- Vendor Footprint Analysis
- MARKET PLAYERS ASSESSMENT
- BASF Se
- Overview
- Business Information
- Revenue
- ASP
- Gross Margin
- Swot Analysis
- Recent Developmments
- Parx Materials Nv
- Covestro Ag
- King Plastic Corporation
- Clariant Ag
- Sanitized Ag
- Dow Inc.
- BASF Se
- RESEARCH METHODOLOGY
- Research Data
- Secondary Data
- Major Secondary Sources
- Key Data From Secondary Sources
- Primary Data
- Key Data From Primary Sources
- Breakdown Of Primaries
- Secondary And Primary Research
- Key Industry Insights
- Secondary Data
- Market Size Estimation
- Bottom-Up Approach
- Top-Down Approach
- Market Projection
- Research Assumptions
- Assumptions
- Limitations
- Risk Assessment
- Research Data
- APPENDIX
- Discussion Guide
- Customization Options
- Related Reports
- DISCLAIMER
Table of Content @ https://straitsresearch.com/report/antimicrobial-plastics-market/toc
Market News
- In October 2022, In Mumbai, India, BASF started building its new Polyurethane Application Development Laboratory. In the space of about 2,000 square meters, the new lab will have the most up-to-date equipment for applications. When it opens in 2024, the lab will make it easier for Indian customers in high-growth industries like consumer appliances, construction, footwear, furniture, transportation, and more to work together.
- In August 2022, Covestro invested money into making polycarbonates in Asia-Pacific that are better for the environment. By 2026, the region will be able to deliver more than 60,000 tons of recycled polycarbonates annually. The company is starting to build its first dedicated mechanical recycling production line in Shanghai.
News Media
Global Advanced Wound Dressing Market to Grow at a CAGR of 6.02% by 2030
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