Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "Global Antimicrobial Plastics Market 2024 Edition: Market Size, Trends, Opportunities and Forecast by End-User, Product Type, Additive, Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering.
This report highlights different factors and opportunities prevailing in the Global Antimicrobial Plastics Market. According to the report, the Global Antimicrobial Plastics Market was valued at USD 4.52 billion in 2023, and is expected to grow at a CAGR of 10.7% during 2025-2030.
The market has witnessed substantial growth over the past few years, driven by increasing demand for materials that inhibit microbial growth, particularly in healthcare, packaging, and consumer goods industries. The market's expansion is primarily fueled by heightened awareness of hygiene and safety, especially in light of recent global health concerns.
One of the primary drivers of the Antimicrobial Plastics market is the growing need for hygienic and safe materials in the healthcare sector. With the rise in hospital-acquired infections (HAIs), there is an increased demand for medical devices, equipment, and surfaces that are resistant to microbial contamination. This demand is further bolstered by stringent regulatory standards aimed at ensuring patient safety.
The increase in consumer awareness regarding health and sanitation has also played a crucial role in the market's growth. Antimicrobial plastics are being increasingly used in consumer products, including kitchenware, personal care items, and packaging materials, to enhance product safety and longevity. This trend is driven by consumers' preference for products that offer additional protective features.
The innovation in plastic manufacturing and the development of new antimicrobial agents have influenced the Antimicrobial Plastics market. Manufacturers are exploring new formulations and additives that can be integrated into plastics to provide long-lasting antimicrobial properties. This trend is supported by ongoing research and development efforts in the field of material science.
Americas represent the largest market for Antimicrobial Plastics in value terms, driven by a strong presence of the healthcare industry, advanced manufacturing infrastructure, and a high level of consumer awareness regarding health and safety. The United States, in particular, is a key market due to its extensive use of antimicrobial materials in various applications.
In the Americas, the market is further supported by favorable regulatory policies, increasing investments in healthcare infrastructure, and a growing focus on infection prevention. The presence of leading manufacturers and a well-established healthcare sector contribute to the market's dominance in this region.
Asia-Pacific is expected to witness the highest growth rate due to rapid industrialization, increasing healthcare expenditures, and growing demand for hygienic consumer products. Countries like China, India, and Japan are at the forefront of this growth, with expanding healthcare sectors and a rising awareness of sanitation.
Market Segmentation
By End-User
- Packaging
- Healthcare
- Sports & Leisure
- Consumer Goods
- Other End-Users
By Product Type
- High Performance Plastics
- Commodity Plastics
- Engineering Plastics
- Other Product Types
By Additive
- Organic
- Inorganic
By Geography
- Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
- Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia-Pacific)
- Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)
Key Companies
The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global Antimicrobial Plastics Market include:
- King Plastic Corporation
- Covestro AG
- Microban International, Ltd.
- Parx Materials N.V.
- Avient Corporation
- Milliken & Company
- Clariant International Ltd.
- DuPont de Nemours, Inc.
- Lonza Group Ltd.
- Sanitized AG
- Other Leading Companies
Reasons to buy this report:
- In-Depth Comparative Assessment of Top 20 Markets in the Antimicrobial Plastics Market Industry: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
- Comprehensive Historical, Present, and Future Analytics of the Antimicrobial Plastics Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Antimicrobial Plastics Market.
- Detailed Analysis of Antimicrobial Plastics Market By End-User, Product Type, and Additive Across 20 Countries.
- Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM).
- Strategic Industry Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies.
For more information about this report visit https://www.researchandmarkets.com/r/lf3rlm
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