logo
logo
Sign in

Antimicrobial Plastics Market Revenue Analysis & Region and Country Forecast To 2028

avatar
Omkar Ranade
Antimicrobial Plastics Market Revenue Analysis & Region and Country Forecast To 2028

The global Antimicrobial Plastics market was valued at USD 34.32 Billion in 2020 and is expected to reach USD 62.80 Billion by year 2028, at a CAGR of 7.9 %. The study covers the genre of advanced materials with special focus on the antimicrobial plastics market. Antimicrobial plastics are a type of polymer material infused with antimicrobial agents that hinders and restrains the growth of micro-organisms, thus preventing unpleasant odours discoloration and surface degradation of the plastics. These plastics are created in a bid to minimize the spread of infections and promote safe consumption. The volatile raw material costs are usually very high thus posing to be one of the major challenging factors in the market. The rising concerns related to health such as cancer, immunity system suppression, reduction in resistance, bronchitis, skin diseases etc. have brought in a rise in the demand for hygienic plastics. This has been a big boost to the antimicrobial plastics market.

Request A Free Sample Of This Report : https://www.reportsanddata.com/sample-enquiry-form/1499

Further key findings from the report suggest

  • North America is the fastest growing sector due to the technological advancements, continuous research and development. The region is expected to grow at a CAGR of 8.4%.
  • Europe, like North America, due to the increased awareness about hygiene, has been growing at a CAGR of 8.2%. Large investments for research and development have been put to use in the above mentioned regions.
  • The rising demand for hygienic products has resulted in an increase in the demand for antimicrobial plastics in several industries such as packaging, automotive, building and construction, consumer goods etc.
  • The versatility of application has made the antimicrobial plastics market all the more attractive. For instance, in the food safety aspects, the condition of the food has improved owing to this feature of preventing the adhesion and proliferation of bacteria on food contact surfaces antimicrobial plastics. This has reduced the risks of outbreaks, reduced bad smell, improved the freshness and ultimately improved shelf life.
  • Similarly, with the rising acceptance of these plastics several healthcare institutions have started adopting antimicrobial plastic equipment to reduce the risks of infection in hospitals.
  • The continuous research and development for broadening the areas of application and improving the quality and efficiency of products propels the market.
  • Keeping environmental concerns in mind, a large number of manufacturers are now offering the option of customization to optimize the amount of plastic manufactured.
  • Asia Pacific dominates the market due to the availability of cheap labor and abundant resources. The large population, rising awareness about hygiene and the growing industrialization has increased the scope of the market in this region. Asia Pacific continues to grow at a CAGR of 7.7%.
  • The key players of this market include, BioCote, Microban, Bayer Material Sciences, Clariant AG, Parx Plastics, BASF SE, Ticona Engineering Polymers and DuPont.
  • Commodity Plastics dominate the market due to the wide range of industries it can be applied to. Commodity Plastics include industries such as Packaging, Healthcare, Building and Construction etc.

Get Discount On This Report : https://www.reportsanddata.com/discount-enquiry-form/1499

For the purpose of this report, Reports and Data has segmented the Antimicrobial Plastics market on the basis of type, application, and region:

Type (Revenue, USD Million; 2020–2028)

  • Engineering Plastics
  • High Performance Plastics
  • Commodity Plastics

Application (Revenue, USD Million; 2020–2028)

  • Packaging
  • Automotive
  • Consumer good
  • Healthcare
  • Building and Construction
  • Water Management

To identify the key trends in the industry, click on the link below:
https://www.reportsanddata.com/report-detail/antimicrobial-plastics-market

Regional Outlook (Revenue in USD Million; 2020–2028)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America
    • Brazil

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

 

Read More Related Reports By ReportsAndData

Nanocomposites Market

Biochar Market

Remote Patient Monitoring Market

Glass Fiber Reinforced Gypsum (GFRG) Market

Modular Chillers Market

Gibberellins Market

Green Roof Market

collect
0
avatar
Omkar Ranade
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more