Forecasts indicate that the global antimicrobial plastics market will expand from its 2020 revenue estimate of USD 34.45 billion to a total of USD 54.00 billion by 2026, expanding at a compound annual growth rate (CAGR) of 7.78%. Over the next few years, the antimicrobial plastics market will be pushes forward by rising demand from end users such as the packaging, automotive, consumer goods, healthcare, and building & construction industries.
The packaging industry is rapidly adopting commodity plastics, which is fueling demand for antimicrobial plastics. Transparency, hardness, high antimicrobials, and durability are just a few of the many benefits that can be found in antibacterial polymers. When compare to other plastics, antimicrobial plastics are less expensive and less damaging to the environment. Increases in both construction and the need for long-lasting packaging are seen as key growth drivers for the antimicrobial plastics industry over the next few years.
Impact of COVID-19 –
In 2020, when COVID-19 first appears, it had far-reaching effects on many sectors of the economy. Antimicrobial polymers have benefiter from the epidemic, in contrast to other industries. The medical and healthcare industries, in particular, have raise their level of awareness of the use of antimicrobial polymers in a variety of settings. Hospital beds and ventilators, both of which are made of plastic, were in great demand during the pandemic.
Market Dynamics –
In spite of the use of personal protective equipment like face masks and the encouragement of others to maintain a healthy distance from others, it is practically impossible to keep every surface free of germs. Because of this, a self-cleaning property is necessary to eliminate germs on the surface and stop their spread.
High antibacterial activity, hardness, durability, and transparency are just few of the reasons why antimicrobial polymers are a good choice for non-toxic plastic equipment. Antimicrobial polymers are expanding in the healthcare market as a result of rising demand for medical equipment. The demand for antimicrobial plastics in the healthcare industry is expanding as a result of the rising requirement to deter surface infections and the increasing knowledge of the benefits of using antimicrobial polymers.
Market Scope –
This report, title “Global Antimicrobial Plastic Market Analysis to 2028,” is an in-depth look at the chemicals and materials sector, with a focus on market trends worldwide. The purpose of this study is to give readers a synopsis of the Antimicrobial plastics market by providing a broad overview alongside granular segmentation data by function, layer, end use, and location. The research discusses important trends and opportunities in the industry and offers vital information on the market status of the leading competitors in the market for antimicrobial plastic.
Recent Developments –
Sanitize Puretec was introduce by Sanitize AG in 2021. Fabrics can be protects from the growth of odor-causing bacteria with this metal- and particle-free antimicrobial solution. The International Antimicrobial Council-recommender standard ASTM E3 162-18 has been use to conduct 40 washes on this.
Microban International and Sunbeam Products former a partnership in 2021 to produce antibacterial knife handles.
Customization Available –
When it comes to consultancy and cutting-edge, formative research, Zion Market Research is unrivaled. We are happy to provide both current and potential clients with data and analysis that is tailore to their specific needs. Production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis, and product base analysis can all be incorporate into a custom version of the report.
Read More Articles –
Various methods, such as technological analysis and market portfolio strategies, can be applies to the study of a competitor’s market standing. We’re happy to include as many rival companies as you need information on, formatter and presenter in the manner you specify. If you’d like, our team of analysts can also offer you with data in raw, unprocessed Excel files and pivot tables (Factbook), or help you put together presentations using the information in the report.
Competition Landscape –
Organizations aim to collect 1 million tones of plastic for recycling and reuse in an effort to cut down on plastic waste. Businesses have implementer several different waste management solutions, including recycling, burning, bioremediation, and landfills. In order to prevent the spread of infection and the growth of germs on the contact surface, many antimicrobial technologies are being use, including silver and polymer solutions.
Top Featured Companies –
BASF SE Corporation
Bayer Material Science AG
Dupont De Nemours Inc.
Lonza Group AG
Microban International Ltd.
PARX Plastics N.V.
Compounding Solutions LLC
Ray Products Company Inc.
Ticona Engineering Polymers
By Type –
High Performance Plastic
By Application –
Building and Construction
Consumer and Electronic Appliances
By Region –
Middle East & Africa