Antimicrobial Plastic Market Segmentation, Application, Trends, Opportunity & Forecast till 2030
The global antimicrobial plastic market size was valued at 37.87 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2022 to 2030. Antimicrobial plastic is a synthetic polymeric material containing an integrated active ingredient (antimicrobial additive) that makes it effective against the growth of microbes such as algae, fungi, and mold. These microbes tend to shorten the life of plastic products; thus, the use of antimicrobial plastics has increased in recent years in various end-use industries such as food and beverage, packaging, and healthcare, which are expected to be the main drivers of the global market during the forecast period.
Antimicrobial plastics are now increasingly being used as a substitute for conventional materials in the healthcare sector for manufacturing medical instruments such as ventilators and anesthesia machines due to their pathogen-inhibiting properties. This plastic helps to minimize the growth of pathogens such as algae, bacteria, and fungi and has excellent moisture resistance, which also increases its acceptance as an effective food packaging solution in the food and beverage industry.
Gather more insights about the market drivers, restrains and growth of the Global antimicrobial plastic market
Antimicrobial Plastic Market Segments Highlights:
- Commercial plastics led the market and accounted for over 65.0% share of the global revenue in 2021. The use of commodity plastic in applications such as consumer goods, packaging, food & beverage, and healthcare is expected to fuel market growth over the forecast period.
- Polypropylene and polyethylene antimicrobial plastics are majorly driving the demand for commodity plastic due to their high impact strength, better biocompatibility, chemical resistance, moisture resistance, and wide range of applications in various end-use industries.
- The worldwide spread of the coronavirus disease has positively impacted the demand for these antimicrobial plastics in consumer products.
- The healthcare segment dominated the market and accounted for over 30.0% share of the global revenue in 2021. Growth in the home healthcare sector is attributed to low costs compared to hospital care.
- High demand for advanced medical services due to the presence of well-developed healthcare infrastructure, increasing incidence of cardiovascular diseases, and increasing aging population worldwide are expected to drive the demand for medical devices, which, in turn, will positively affect the demand for antimicrobial plastic in healthcare.
- Rising demand for antimicrobial plastics for manufacturing infection prevention and sterilized products such as orthopedic sutures, surgical cables, and tubing is expected to drive the product demand in the healthcare sector.
- Asia Pacific dominated the market and held more than 35.0% share of the global revenue in 2021. The demand for antimicrobial plastic is predicted to increase in the healthcare and packaging industries, particularly in developing nations such as India, China, and Japan.
- Europe remains an important market, however, growth in the region is likely to be restrained by various macroeconomic factors such as the debt crisis, rising unemployment, and weak industrial production.
- However, other emerging economies, notably those in Central and South America (CSA) and the Middle East and Africa (MEA), are expanding at rates that are comparable to those of North America. These regions gain from the expansion of the end-use industries and the relatively low penetration of antimicrobial plastic in comparison to other regions.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
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Antimicrobial Plastic Market Segmentation
Grand View Research has segmented the global antimicrobial plastic market on the basis of product, end-use, and region:
Antimicrobial Plastic Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
- Commodity Plastics
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Acrylonitrile Butadiene Systems (ABS)
- Polyethylene Terephthalate (PET
- Engineering Plastics
- Polyamide (PA)
- Polycarbonate (PC)
- Thermoplastic polyurethane (TPU)
- Others
- High-performance Plastics
Antimicrobial Plastic End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
- Building & Construction
- Automotive &Transportation
- Healthcare
- Packaging
- Food & Beverage
- Textile
- Consumer Goods
- Others
Antimicrobial Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- Central and South America
- Brazil
- Argentina
- Middle East and Africa
- GCC Countries
- South Africa
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