The Antimicrobial Textile Global Market Report 2023 by The Business Research Company, provides antimicrobial textile market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company's illuminating Antimicrobial Textile Global Market Report for 2023, the expansive landscape of the global antimicrobial textile market witnessed a noteworthy expansion, surging from a robust $10.63 billion in 2022 to an impressive $11.79 billion in 2023, marking a commendable compound annual growth rate (CAGR) of 11.0%. However, the geopolitical upheaval ensuing from the Russia-Ukraine conflict has cast a shadow on the trajectory of global economic recuperation post-COVID-19, ushering in short-term disruptions. The consequential economic sanctions, escalating commodity prices, and perturbed supply chains have precipitated inflationary pressures across diverse sectors, painting a complex macroeconomic backdrop. Against this intricate canvas, the antimicrobial textile market is poised for sustained expansion, prognosticated to reach a substantial $16.33 billion by 2027, propelled by a resilient CAGR of 8.5%.
The discernible surge in consumer consciousness pertaining to health and hygiene emerges as a pivotal catalyst propelling the ascendancy of the antimicrobial textile domain. The reverberations of the COVID-19 pandemic have reverently accentuated the imperative of health and cleanliness, fostering an augmented demand for textiles endowed with antimicrobial attributes capable of vanquishing viruses. Emanating from this paradigm shift, textile industry stalwarts are fervently engrossed in the dynamic development of cutting-edge antimicrobial products, a testament to the industry's agile responsiveness to evolving global health dynamics. This trajectory not only underscores the symbiosis between public health imperatives and industrial innovation but also heralds a transformative era for the antimicrobial textile market, where the fusion of technology and textile craftsmanship converges to meet the burgeoning demands of a health-conscious global populace.
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The antimicrobial textile market is segmented:
1) Antimicrobial Textile Market By Fibers: Cotton, Polyester, Polyamide, Other Fibers
2) Antimicrobial Textile Market By Active Agent: Synthetic Organic Agents, Metal And Metallic Salts, Bio-Based Agents, Other Active Agents
3) Antimicrobial Textile Market By Application: Medical Textiles, Apparel, Home Textiles, Commercial Textiles, Industrial Textiles, Other Applications
The contemporary landscape of the antimicrobial textile market is undeniably shaped by the pervasive influence of technological advancements. Within this dynamic sector, major players are strategically directing their efforts towards pioneering technological solutions that effectively curb the proliferation of viruses while addressing consumer demand. A noteworthy exemplar is the Aditya Birla Group, a prominent India-based producer of Viscose staple fiber. In June 2020, the conglomerate unveiled a groundbreaking contribution to the market—a range of antimicrobial fibers developed through proprietary technology.
These avant-garde antimicrobial fibers signify a paradigm shift, not merely annihilating existing bacteria or viruses but also preemptively thwarting their growth. This dual-action mechanism ensures that the textile remains persistently fresh and hygienic over extended periods, exemplifying a harmonious fusion of innovation and consumer-centricity in the ever-evolving landscape of antimicrobial textiles.
The antimicrobial textile market report table of contents includes:
1. Executive Summary
2. Antimicrobial Textile Market Characteristics
3. Antimicrobial Textile Market Trends And Strategies
4. Antimicrobial Textile Market – Macro Economic Scenario
5. Antimicrobial Textile Market Size And Growth
......
26. Africa Antimicrobial Textile Market
27. Antimicrobial Textile Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Antimicrobial Textile Market
29. Antimicrobial Textile Market Future Outlook and Potential Analysis
30. Appendix
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The global antimicrobial textiles market size is projected to reach USD 13.89 million by 2027 on account of the increasing demand for hygiene worldwide.
The breeding and growth of microbes on the fabric depend upon the properties of the absorption of the fabric.
A recent report by Fortune Business Insights, titled “Antimicrobial Textiles Market Size, Share & Industry Analysis, By Agents (Synthetic Organic Compounds, Bio-Based Compounds, Metal & Metallic Salts and Others), By Fabric (Cotton, Polyester, and Others), By Application (Home, Commercial, Medical, Apparel, Industrial, and Others) and Regional Forecast, 2020-2027,” offers a thorough analysis of the market.
According to this report, the market value stood at USD 9.23 billion in 2019 and will rise at a CAGR of 5.3% between 2020 and 2027.
The increasing need to maintain high cleanliness standards especially in products such as bed and linens, dressings & bandages, curtains, surgical gowns, and others for the prevention of microbial growth is promoting the global antimicrobial textiles market growth.
Furthermore, the booming sports industry and increasing preference for personal health, fitness, and cleanliness will increase demand for sports apparel, thereby creating lucrative growth opportunities for the market in the years to follow.Competitive LandscapePlayers Investing in New Products to Gain Traction during COVID19 PandemicThe competitive landscape of the market is consolidated in nature with BioCote Limited, Milliken & Company, BASF, and Trevira GmbH holding significant antimicrobial textiles market shares.
