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Global Antimicrobial Plastics Market Size, Trends & Analysis - Forecasts to 2026 By Type (Commodity Plastics, High Performance Plastics, Engineering Plastics), By Additive (Organic, Inorganic), By Application (Consumer Goods, Medical and Healthcare, Building & Construction, Packaging, Automotive, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Antimicrobial Plastics Market Insights
The global antimicrobial plastics market is expected to generate revenue amounting to USD 34.45 billion in 2020, and is projected to reach to USD 54.00 billion by 2026, growing at a CAGR of 7.78% over the forecast period. Rising demand for antimicrobial plastics from end users such as packaging, automotive, consumer goods, healthcare, and building & construction among others is driving the market during the forecast period. Growing number of health related problems such as cancer, immune system suppression, chronic bronchitis, skin diseases among end consumers are expected to propel the market growth.
Growing usage of commodity plastics in the packaging industry is driving the market growth for antimicrobial plastics. Antimicrobial polymers offer different properties such as transparency, hardness, high antimicrobials and durability among others. Antimicrobial plastics are eco-friendly in nature and cost effective compared to other plastic materials. Rise in construction activities along with growing demand for durable packaging solutions are also expected to propel the market growth for antimicrobial plastics during the forecast period. Growing demand for eco-friendly plastics across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to have a positive impact in the coming years. However, volatile raw material prices are likely to hamper the market growth during the forecast period.
Antimicrobial Plastics Market Size: By Segmentation
The global antimicrobial plastics market is segmented on the basis of type into commodity plastics, engineering plastics, and high performance plastics. The commodity plastics segment is further segmented into polyethylene, polypropylene, polystyrene, polyvinyl chloride, poly (methyl methacrylate), and polyurethane among others. The engineering plastics segment is sub segmented into acrylonitrile butadiene styrene, polycarbonate, polyamide, and polyoxymethylene among others. The commodity plastics segment is expected to hold the largest market share in the global antimicrobial plastics market during the forecast period. Commodity plastics are plastics that are used in high volume and wide range of applications including construction, packaging, and healthcare among others. Growing population, increasing per capita income, and changing lifestyle of consumers across the globe is also propelling the market growth for commodity plastics market. Increased demand for flexible packaging in packaging industry due to its low cost, durability, and availability is also boosting the market growth for commodity plastics.
On the basis of application, the global antimicrobial plastics market is segmented into packaging, automotive, consumer goods, medical and healthcare, and building & construction among others. The medical & healthcare segment is expected to hold the largest market share during the forecast period. Growing awareness about the use of antimicrobial plastics in medical devices is driving the market growth. Increasing health related or infection related concern among consumers is one of the major factor driving the antimicrobial plastics in healthcare and medical sector. Growing number of medical equipment companies in both developed and developing countries is boosting the market growth.
Antimicrobial Plastics Market Size: By Region
On the basis of region, the market for antimicrobial plastics is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market during the forecast period. Economic development in the Asia Pacific countries and increased investments in the construction industry are some of the major factors expected to drive the market growth in the region. Rapid urbanization along with new technological developments in medical sector is also propelling the market growth in the region.
Antimicrobial Plastic is a synthetic polymer material containing an integrated active ingredient which makes it effective against microbial growth. Antimicrobial additives are proven to increase the functional lifetime of a plastic. Antimicrobial plastics are more hygienic to use, and they are protected against staining and bad odors.
In March 2020, Symphony environmental technologies got FDA approval for antimicrobial food packaging.
In May 2019, Panaria Group partnered with Microban International to include antimicrobial protection in their products.
In 2017, Dow Chemical merged with DuPont to form DowDuPont to develop commodity plastics for various applications. Dow Chemical also launched two PE commodity plastics packaging applications.
Antimicrobial Plastics Market Share & Competitor Analysis
Some of the key players operating in the Antimicrobial Plastics market include: Honeywell, Uop Llc., Criterion Catalysts & Technologies L.P., Axens, Albemarle Corporation, W.R. Grace & Co., Haldor Topsoe, Clariant International, Johnson Matthey Chempack, Exxon Mobile Corporation, BASF, China Petroleum & Chemical Corporation, Nippon Ketjen Co., Porocel, Qingdao Huicheng Environmental Technology, JGC Catalyst And Chemicals, Knt Group, N.E. Chemcat, Royal Dutch Shell, and Unicat Catalyst Technologies, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Related Report: Global Foam Plastcis Market Size, Trends & Analysis - Forecasts to 2026
Check the Press Release on Global Antimicrobial Plastics Market Report
Antimicrobial Plastics Market: By Type
Antimicrobial Plastics Market: By Additive
Antimicrobial Plastics Market: By Application
Antimicrobial Plastics Market: By Region
The global Antimicrobial Plastics Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Antimicrobial Plastics Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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