Press release
Antimicrobial Plastics Market Report 2024: Strategies And Recent Developments
Antimicrobial Plastics Market
The Business Research Company offers in-depth market insights through Antimicrobial Plastics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to increasing awareness of healthcare-associated infections (hais), growing concerns about food safety, rising awareness about hygiene and cleanliness, rising urbanization. Major trends in the forecast period include advanced nanotechnology, sustainable solutions, customization and tailored solutions, research and development efforts, strategic partnerships.
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Market Segmentation:
The main type of product of antimicrobial plastics includes commodity plastics, engineering plastics and high-performance plastics. The inorganic market consists of sales of antimicrobial plastics by entities (organizations, sole traders, and partnerships) that are used in petrochemical industries. Inorganic antimicrobial plastics are an inorganic polymer that has a skeletal structure that lacks carbon atoms in the backbone. The main type of additive includes organic and inorganic. The antimicrobial plastics are applied in refining & petrochemical, metals, power generation and others and used in building & construction, automotive & transportation, healthcare, packaging, food & beverage, textile, consumer goods and others.
Major Driver - Increasing Penetration In Food And Beverages, Packaging, And Healthcare To Drive Growth Of Antimicrobial Plastics Market
The increasing penetration in food and beverages, packaging, and healthcare is expected to drive the growth of the antimicrobial plastics market going forward. 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 rise in population, rising life expectancy, expanding health awareness about the environmental impact of traditional packaging, and the transition to new packaging standards are driving growth. Therefore, the increasing penetration in food and beverages, packaging, and healthcare is expected to propel the growth of the antimicrobial plastics market.
Competitive Landscape:
Major companies operating in the antimicrobial plastics market include DuPont de Nemours Inc., BASF SE, Microban International, Sanitized AG, RTP Company, Milliken & Company, PolyOne Corporation, Lonza Group, BioCote Ltd., Wells Plastics Ltd., Toho Tenax Co. Ltd., Akcros Chemicals, Addmaster (UK) Ltd., Symmetry Surgical, Beaulieu Technical Textiles, SANITIZED Preservation AG, Microbe Inotech Laboratories Inc., Acciona, Trex Company Inc., Biocryptology, Grasim Industries Limited, Tosaf, Radici Group, Americhem, Mexichem Specialty Compounds, Fiberon LLC, King Plastic Corporation, Biomerics LLC, Ferro Corporation, Plastics Europe
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Top Trend - Sanitized Launches Puretec For Enhanced Antimicrobial Performance In Synthetic Sportswear
Product innovation is a key trend gaining popularity in the antimicrobial plastics market. 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. Sanitized Puretec provides a one-of-a-kind solution for brands and retailers creating synthetic sportswear by allowing customers to wear their favourite items for longer periods of time before washing them. Offering long-lasting freshness on fabrics gives brands and sportswear users' peace of mind.
The Table Of Content For The Market Report 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
…..
27. Antimicrobial Plastics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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