Antimicrobial Plastic Market Size, Share, Opportunities, COVID-19 Impact, And Trends By End-User (Residential, Industrial, Commercial), By Industry Vertical (Healthcare, Consumer Goods, Personal Care, Packaging, Electronics, Automotive), And By Geography - Forecasts From 2021 To 2026

Published:  Sep 2021 Report Code: KSI061610313 Pages: 124

The antimicrobial plastic market is projected to grow at a CAGR of 8.46% during the forecast period to reach a total market size of US$23.293 billion in 2026 from US$13.533 billion in 2019.

Antimicrobial plastics are made by infusing antimicrobial chemicals into the material during the production process, such as arsenic-based Oxybisphenox Arsine (OBPA) and organic-metallic biocides, to provide long-term protection against bacteria and diseases. These chemicals assist to extend the functional lifetime of the plastic and limit the growth of germs that might cause it to decay faster, making it more durable, sanitary, and odorless, making it ideal for use in medical equipment. These polymers assist to reduce the growth of harmful microorganisms such as algae, bacteria, and fungus and have high moisture resistance, making them suitable for food packaging in the food and beverage sector.

Increased demand from the packaging and healthcare industries, growing urbanization, and rising buying power all contribute to the market's growth. In addition, rising hygiene awareness, improved lifestyles, and the replacement of traditional materials with plastics are all driving the antimicrobial plastics market. Antimicrobial polymers also have enhanced chemical stability, heat and chemical resistance, dimensional stability, and mechanical characteristics. Antimicrobial plastics are also in high demand in end-use industries including building and construction, consumer products, automotive, and packaging, which is driving the market. Antimicrobial plastics market growth is hampered by factors such as rigorous environmental laws and government policies on the usage of plastics. Antimicrobial plastics market possibilities are expected to rise because of increased investments in research and development (R&D) for higher quality and lower production costs. The worldwide antimicrobial Plastics business has a problem in terms of volatile raw material prices.

ANTIMICROBIAL PLASTICS MARKET, US$ billion, 2019 to 2026

Source: Knowledge Sourcing Intelligence Analysis  

Increasing adoption by the healthcare sector to drive the market.

The rise in demand for antimicrobial plastics in the healthcare sector is projected to expand in the future years, owing to the cheap prices of home healthcare compared to hospital care and the growing need for critical care medical devices. Medical device demand is expected to be driven by the increased demand for sophisticated healthcare services owing to the availability of well-developed healthcare infrastructure, rising rates of cardiovascular illnesses, and a growing global aging population. As a result, the demand for antimicrobial plastic in healthcare applications is projected to increase. Furthermore, the current global epidemic of COVID-19 is driving up demand for medical supplies including masks, gloves, testing equipment, and ventilators. This, in turn, is helping to drive the antimicrobial plastics industry forward. The rising number of positive instances in countries like the United States, Italy, Spain, France, Germany, the United Kingdom, and Iran is causing a surge in demand for medical components, presenting attractive growth possibilities for the antimicrobial plastic market.

COVID-19 Impact On Antimicrobial Plastic Market

It is nearly difficult to keep every surface sterilized, despite the social distance, facemasks, and stringent hygiene procedures. As a result, a self-cleaning feature is required to eliminate contaminating microorganisms on the surface and decrease the danger of dissemination. With the rising number of COVID-19 positive patients and the lack of appropriate vaccinations, antimicrobial plastics and other coatings are in high demand in a variety of applications. Antimicrobial plastics include antimicrobial activity, hardness, durability, and transparency, making them appropriate for use in non-toxic plastic equipment. Furthermore, as the need for medical equipment grows, so does the demand for antimicrobial polymers in the healthcare industry. The demand for antimicrobial plastics in the medical and healthcare sectors is expanding as the requirement to resist surface microorganisms and knowledge of antimicrobial polymers grows.

Escalating demand by the food and beverage sector to contribute to market size.

Food and beverage businesses choose food packaging that preserves food while using minimal artificial preservatives. As a result, they're increasingly turning to innovative packaging methods and materials, such as antimicrobial plastics. Chemical resistance, high tensile strength, durability, gas and scent barrier, and humidity and heat resistance are all features of antimicrobial plastic packaging sheets. They're also becoming more popular in the food and beverage industries since they reduce total package weight.

Bio-based antimicrobial plastics are becoming more popular leading to market expansion.

The need for biodegradable plastics, such as bio-based antimicrobial polymers, is increasing. The need for biopolymer-based antimicrobial plastics has risen in response to increased environmental concerns, regulatory restrictions, and the expanding need for waste management. Bio-based antimicrobial polymers are produced from biomass, which includes corn, wheat, and sugarcane, among other things. These materials have the potential to dramatically cut emissions and carbon footprint. In addition, the demand for bio-based antimicrobial plastics is increasing as the need for waste management grows. Companies are also developing environmentally-friendly efforts that promote the usage of bio-based antibacterial polymers. This is projected to have a favorable influence on market growth.

ANTIMICROBIAL PLASTICS market share, by geography

2019                                                      2026

Source: Knowledge Sourcing Intelligence Analysis

Antimicrobial plastic was the most popular in the Asia-Pacific region. The growing need for antimicrobial plastics in the healthcare and packaging industries, particularly in countries like India, China, and Japan, is projected to drive market expansion. Furthermore, rising healthcare spending, driven by the rising prevalence of chronic diseases and the expansion of insurance coverage in countries like India, China, and Japan, is expected to be a major driver of government healthcare infrastructure investment. Furthermore, in order to increase their reach and demand, leading companies are investing more in research and development to find uses of antimicrobial plastics in unusual areas of the market.

Antimicrobial Plastic Market Scope:

Report Metric Details
 Market size value in 2019  US$13.533 billion
 Market size value in 2026  US$23.293 billion
 Growth Rate  CAGR of 8.46% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  End-User, Industry Vertical, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Milliken Chemical, The DOW Chemical Company, Clariant, Microban International,   Lonza, Parx Plastic, Biocote, Sanitized AG, PolyOne Corporation, King Plastic   Corporation
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By End-User
    • Residential
    • Industrial
    • Commercial
  • By Industry Vertical
    • Healthcare
    • Consumer Goods
    • Personal Care
    • Packaging
    • Electronics
    • Automotive
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global antimicrobial plastics market?
A1. Antimicrobial Plastic Market was valued at US$13.533 billion in the year 2019.


Q2. What will be the antimicrobial plastics market size by 2026?
A2. The antimicrobial plastics market is projected to reach a market size of US$23.293 billion by 2026.


Q3. What are the growth prospects for the antimicrobial plastics market?
A3. The global antimicrobial plastics market is projected to grow at a CAGR of 8.46% during the forecast period.


Q4. What factors are anticipated to drive the antimicrobial plastics market growth?
A4. Increased demand from the packaging and healthcare industries, growing urbanization, and rising buying power all contribute to the antimicrobial plastics market growth.


Q5. Which region holds the maximum market share of the antimicrobial plastics market?
A5. The Asia Pacific region holds a significant share of the antimicrobial plastics market owing to the growing need for antimicrobial plastics in the healthcare and packaging industries.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation


2. Research Methodology
2.1. Research Data
2.2. Assumptions


3. Executive Summary
3.1. Research Highlights


4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis


5. Global Antimicrobial Plastic Market Analysis, By Industry Vertical
5.1. Introduction
5.2. Packaging
5.3. Automotive
5.4. Healthcare
5.5. Consumer Goods
5.6. Personal Care
5.7. Electronics
5.8. Others


6. Global Antimicrobial Plastic Market Analysis, By End User
6.1. Introduction
6.2. Residential
6.3. Industrial
6.4. Commercial


7. Global Antimicrobial Plastic Market Analysis, By Geography 
7.1.  Introduction
7.2.  North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. UK
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Others
7.5. Middle East and Africa 
7.6. Asia Pacific
7.6.1. Japan
7.6.2. China
7.6.3. India
7.6.4. Thailand
7.6.5. Taiwan
7.6.6. Indonesia
7.6.7. Others


8.  Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2.  Emerging Players and Market Lucrativeness
8.3.  Mergers, Acquisitions, Agreements, and Collaborations
8.4.  Vendor Competitiveness Matrix


9. Company Profiles
9.1. Milliken Chemical
9.2. The DOW Chemical Company
9.3. Clariant
9.4. Microban International
9.5. Lonza
9.6. Parx Plastic
9.7. Biocote
9.8. Sanitized AG
9.9. PolyOne Corporation
9.10. King Plastic Corporation

Milliken Chemical

The DOW Chemical Company

Clariant

Microban International

Lonza

Parx Plastic

Biocote

Sanitized AG

PolyOne Corporation

King Plastic Corporation

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