Antimicrobial Plastics Global Market Size, Share Report, Growth Prospects, Developments Plans, Future Insights and Trends Analysis Till 2033 | BASF SE, Sanitized AG, RTP Company, Lonza Group, BioCote Ltd.

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.

Market Overview -
Antimicrobial plastics refer to synthetic polymer material containing an integrated and active component that inhibits bacteria growth. Antimicrobials can inhibit or alter one or more of the following cell functions of microorganisms such as cell wall synthesis, protein synthesis, cell membrane functions and nucleic acid synthesis. Antimicrobial plastics are used in healthcare to reduce the spread of microorganisms such as staph, strep, and methicillin-resistant staphylococcus aureus (MRSA) infections.

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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

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.

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Key Segments -
The antimicrobial plastics market covered in this report is segmented -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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