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Antimicrobial Plastics Market 2024 - By Size, Share, Growth, Forecast To 2033 - Published By The Business Research Company
Antimicrobial Plastics Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Antimicrobial Plastics industry. This report on Antimicrobial Plastics market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The antimicrobial plastics market size has grown rapidly in recent years. It will grow from $49.4 billion in 2023 to $54.95 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to economic growth, rise in the food and beverage industry, rise in healthcare sector, growth in the global population, growth in automotive industry. The antimicrobial plastics market size is expected to see rapid growth in the next few years. It will grow to $86.68 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%.
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Key Market Players:
DuPont de Nemours Inc., BASF SE, Microban International, Sanitized AG, RTP Company, Milliken & Company, PolyOne Corporation, Lonza Group, BioCote Ltd.
Market Drivers:
According to the Antimicrobial Plastics Market Report 2024 by The Business Research Company, Rising demand for consumer electronics is expected to propel the growth of the antimicrobial plastics market going forward. Consumer electronics refers to any electronic product designed for daily, non-commercial, or professional use by consumers. Antimicrobial plastics are increasingly being used in the manufacturing of consumer electronics to provide protection against harmful bacteria and viruses. For instance, in 2022, according to Digital Commerce 360, an e-commerce intelligence portal, total online sales for consumer electronic companies grew by $166 million, with Apple having the highest growth. Therefore, rising demand for consumer electronics is driving the growth of the antimicrobial plastics market.
More information about the Global Antimicrobial Plastics Market Report -
https://www.thebusinessresearchcompany.com/report/antimicrobial-plastics-global-market-report
Market segments for Antimicrobial Plastics include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Antimicrobial Susceptibility Testing Global Market Report 2024
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Antimicrobial Medical Device Coatings Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/antimicrobial-medical-device-coatings-global-market-report
Blow-Molded Plastics Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/blow-molded-plastics-global-market-report
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