New York, United States , Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Global Antimicrobial Plastics Market Size to Grow from USD 42.5 Billion in 2022 to USD 75.8 Billion by 2032, at a Compound Annual Growth Rate CAGR of 8.6% during the forecast period.
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To stop the growth of microorganisms like bacteria, fungi, and viruses, antimicrobial plastics have been treated or changed. Antimicrobial additives or coatings on these plastics prevent dangerous germs from developing and thriving on their surfaces. The antimicrobial properties of these plastics can be advantageous in a range of circumstances when it's vital to maintain cleanliness, prevent the transmission of diseases, or prevent the development of harmful microorganisms. Antimicrobial plastics are extensively used in healthcare buildings, hospital equipment, and medical gadgets. These materials increase patient safety by reducing the incidence of healthcare-associated infections by suppressing bacterial growth on surfaces.
COVID 19 Impact
The COVID-19 epidemic has had a substantial influence on a wide range of businesses, including the antimicrobial plastics market. Antimicrobial polymers are designed to prevent the growth of microorganisms such as bacteria, viruses, and fungi. These plastics are used in a variety of products, such as packaging, medical facilities, autos, and consumer goods. The pandemic increased demand for antibacterial polymers in the healthcare sector. These plastics have been widely used in the production of medical equipment, personal protective equipment (PPE), and hospital surfaces. The demand for better cleaning procedures in healthcare settings has pushed the demand for antimicrobial materials. The antimicrobial plastics business, like many other industries, encountered supply chain issues as a result of lockdowns, travel restrictions, and reduced manufacturing capacity.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Antimicrobial Plastics Market Size, Share, and COVID-19 Impact, By Product (Commodity Plastics, Engineering Plastics, High-performance Plastics), By End User (Medical Healthcare, Packaging, Electrical Electronics, Automotive, Building Construction, Food Beverage, Others), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."
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Commodity Plastics accounted the largest market share over the forecast period
On the basis of product, the global antimicrobial plastics market is segmented into Commodity Plastics, Engineering Plastics, High-performance Plastics. Among these, commodity plastics accounted the largest market share over the forecast period. Numerous causes have fueled the need for antimicrobial polymers in the consumer market. First of all, in light of the COVID-19 pandemic in particular, consumers have become more aware of health and hygiene. The demand for antimicrobial products that can stop the spread of bacteria and germs has surged as a result of this. Antimicrobial qualities in food packaging have received more attention as a way to increase product shelf life and preserve freshness. As a result, antimicrobial films and coatings for plastic packaging materials have been created.
The healthcare segment is dominating the market over the forecast period
Based on the end user, the global antimicrobial plastics market is segmented into building and construction, automotive and transportation, packaging, healthcare, food and beverage, textile, consumer goods, and others. Among these, the healthcare segment is dominating the market over the forecast period. Hospitals and other healthcare facilities are very concerned about healthcare-associated infections (HAIs). By preventing the growth of bacteria and other germs on surfaces and equipment, antimicrobial polymers reduce the incidence of HAIs. The need for antimicrobial plastics has expanded due to the expansion of healthcare facilities, particularly in emerging nations, for a variety of applications, including hospital furniture and medical equipment.
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Asia Pacific holds the highest market share over the forecast period
Asia Pacific region is dominating the market with the highest market share over the forecast period. The demand for antimicrobial plastics in many industries is being driven by the region's enormous population, growing urbanisation, and growing awareness of hygiene and infection control. The demand for packaged food and processed goods has increased due to the region's expanding population and increasing disposable incomes. In order to increase food safety and the shelf life of perishable foods, antimicrobial plastics are being utilised more frequently in food packaging.
Europe, on the other hand is witnessing the fastest market growth over the forecast period. Patient safety and infection control are major priorities in the European healthcare industry. To reduce the risk of healthcare-associated infections (HAIs) and preserve a clean environment, antimicrobial plastics are frequently utilised in medical devices, equipment, hospital furniture, and surfaces. Antimicrobial plastics are in higher demand in the European packaging business due to factors like food safety laws, consumer preferences for hygienic packaging, and the need to increase product shelf life. In applications where microbial contamination must be controlled, antimicrobial plastics are utilised in food packaging, pharmaceutical packaging, and other uses.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in Global Ultrasound Probe Disinfection Market include Ticona Engineering Polymers, The Dow Chemical Company, Microban International, King Plastic Corporation, Parx Plastics N.V., Milliken Chemical, BASF SE, Biocote, Bayer MaterialScience AG, Doeflex Vitapol and Others.
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Recent Market Developments
In March 2021, Saniconcentrate, an additive technique, was developed by Parx Materials. With the use of this technology, antimicrobial polymers that can thwart the growth of dangerous germs and viruses can be created.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Antimicrobial Plastics Market based on the below-mentioned segments:
Antimicrobial Plastics Market, Product Analysis
- Commodity Plastics
- Engineering Plastics
- High-performance Plastics
Antimicrobial Plastics Market, End User Analysis
- Building and construction
- Automotive and transportation
- Packaging
- Healthcare
- Food and beverage
- Textile
- Consumer goods
- Others
Antimicrobial Plastics Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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