Press release
Antimicrobial Plastics Market 2023 - Latest Innovations, Future Trends, Challenges, Growth And Outlook By 2032
Antimicrobial Plastics Market
The Business Research Company's Antimicrobial Plastics Global Market Report 2023 identifies increasing penetration as the major driver for the Antimicrobial Plastics market's growth in the forecast period. Packaging for food and beverages using antimicrobial plastics provides protection, tamper resistance, and unique physical, chemical, or biological requirements for the food and beverages. Widespread penetration of food and beverages, packaging, and healthcare in antimicrobial plastics is boosting the growth of the market. For instance, in December 2021, according to ETHealthWorld, the packaging industry in India is predicted to develop at a rate of 26.7 % going forward due to increased penetration of sustainable packaging in the healthcare industry.
The global antimicrobial plastics market size grew from $44.13 billion in 2022 to $48.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The antimicrobial plastics market size is expected to grow to $72.96 billion in 2027 at a CAGR of 10.5%.
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Major competitors in the Antimicrobial Plastics market are DuPont De Nemours Inc., BASF SE, Microban International, Sanitized AG, BioCote.
A key trend in the Antimicrobial Plastics market includes product innovation. Major market players are concentrating their efforts on creating innovative products such as Puretec. For instance, in November 2021, Sanitized, a Switzerland-based company engaged in antimicrobial hygiene function and material protection for textiles and polymers launched puretec for enhanced antimicrobial performance. Sanitized Puretec product provides superior antibacterial performance across all fibre types.
Read More On The Global Antimicrobial Plastics Market Report Here:
https://www.thebusinessresearchcompany.com/report/antimicrobial-plastics-global-market-report
The Antimicrobial Plastics market is segmented -
• By Product: Commodity Plastics, Engineering Plastics, High-Performance Plastics
• By Additive: Inorganic, Organic
• By Application: Refining And Petrochemical, Metals, Power Generation, Other Applications
• By End-Use: Building And Construction, Automotive And Transportation, Healthcare, Packaging, Food And Beverage, Textile, Consumer Goods, Other End-Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Antimicrobial Plastics market.
The Business Research Company's "Global Antimicrobial Plastics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Antimicrobial Plastics Market Include:
1. Executive Summary
2. Antimicrobial Plastics Market Characteristics
3. Antimicrobial Plastics Market Trends And Strategies
4. Antimicrobial Plastics Market - Macro Economic Scenario
5. Antimicrobial Plastics Market Size And Growth
………………………………………….
26. Africa Antimicrobial Plastics Market
27. Antimicrobial Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Antimicrobial Plastics Market
29. Antimicrobial Plastics Market Future Outlook and Potential Analysis
30. Appendix
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