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Comprehensive Market Analysis on Antimicrobial Plastic Market projected to reach USD USD 65.5 Billion by 2030 | CAGR of 7.5% | Forecast period 2023-2030, published by MarketDigits
Antimicrobial Plastic Market Scope:Market size value in 2023 - USD 39.5 Billion
Market size value in 2030 - USD 65.5 Billion
CAGR (2023-2030) - 7.5%
Forecast Period - 2023-2030
Segments Covered - Type, Application, Additive & Region.
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Microban International Ltd., PARX Plastics N.V, King Plastic Corporation, BioCote Limited, Sanitized AG.
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178-Tables
95-Figures
335-Pages
Asia Pacific dominates the market for Antimicrobial Plastic.
The Asia-Pacific region has asserted its dominance in the global Antimicrobial Plastic market, emerging as a key player and driving force behind the industry's growth. This dominance is underpinned by a confluence of factors that collectively position the region as a major hub for the production, consumption, and innovation in antimicrobial plastics. One of the primary contributors to the Asia-Pacific's dominance is the region's robust industrial and manufacturing infrastructure.
Countries such as China, India, Japan, and South Korea have emerged as manufacturing powerhouses, not only meeting domestic demand but also contributing significantly to the global supply chain of antimicrobial plastics. The region's well-established manufacturing capabilities enable the production of a diverse range of antimicrobial plastic products catering to various industries, including healthcare, packaging, consumer goods, and construction.
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Top Key Players Covered in the Report-
BASF SE, Clariant AG, Lonza, Polyone Corporation, Microban International Ltd., PARX Plastics N.V, King Plastic Corporation, BioCote Limited, Sanitized AG, and Americhem Inc and Others.
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Recent Developments:
In June 2023, Solvay announced the expansion of its antimicrobial plastics portfolio with the launch of two new products, Sorona Antimicrobial and Hytrel Antimicrobial. Sorona Antimicrobial is a high-performance, sustainable polymer that is designed for use in a variety of applications, including food packaging, medical devices, and textiles. Hytrel Antimicrobial is a high-performance, flexible polymer that is designed for use in a variety of applications, including food packaging, medical devices, and automotive components.
https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-antimicrobial-plastic-market-projected-to-reach-usd-655-billion-by-2030
MarketDigits
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MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
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