Antimicrobial Plastics Market Set for Rapid Growth Of USD 59.8 Billion By 2025: MarketsandMarkets™

Chemicals Research

Updated on Aug 17, 2022

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The "Antimicrobial Plastics Market is projected to reach USD 66.7 billion by 2026, at a CAGR of 10.8% from USD 40.0 billion in 2021. Increasing demand from applications such as medical and healthcare, packaging, and consumer goods; and consumer awareness pertaining to the importance of antimicrobial plastics are the major factors attributed to the markets growth. However, volatility in raw material prices and government regulations on the usage of plastics in certain applications are hampering market growth. Additionally, the growth of the textile industry is expected to offer lucrative opportunities for the market players. Antimicrobial plastics are polymer materials infused with antimicrobial agents and additives, such as organic-metallic biocides and oxybisphenoxarsine (OBPA). They are mainly used to kill microorganisms, such as bacteria, algae, and fungi, and inhibit their growth in the end-use product.

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Browse 146 market data Tables and 34 Figures spread through 171 Pages and in-depth TOC on "Antimicrobial Plastics Market”

 

The medical and healthcare application segment is estimated to lead the antimicrobial plastics market during the forecast period.

The medical and healthcare application leads the antimicrobial plastics market owing to consumer awareness regarding health-related issues and life-threatening diseases such as H1N1, nosocomial infections, and COVID-19 in the recent past. As a result, the importance of antimicrobial plastics in medical and healthcare application is expected to increase during the forecast period. Moreover, innovation in the medical and healthcare application, for instance, the development of non-toxic plastic equipment is anticipated to fuel the growth of the antimicrobial plastics market. Surgical and medical devices such as catheters, cubicle curtains, beds, and dental implants are the other medical and healthcare applications of antimicrobial plastics.

APAC is estimated to account for the largest share of the antimicrobial plastics market during the forecast period

APAC is the largest and fastest-growing antimicrobial plastics market. Growing industrialization, backed by infrastructure development in the region, has offered enormous opportunities for the use of antimicrobial plastics in APAC. The growing demand and policies, such as emission control and use of environmentally-friendly products, have led to innovation in the plastics industry of the region, making it a plastics hub, globally. The growing population, along with industry alliances, is expected to lead to significant growth of the antimicrobial plastics market in the region.

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Major players profiled in the report include DuPont (US), BASF SE (Germany), Lonza Group (Switzerland), Avient Corporation (US), Microban International (US), Parx Plastics (Netherlands), King Plastic Corporation (US), BioCote (UK), Milliken Chemical (US) and Sanitized AG (Switzerland).

DuPont is the largest player in the antimicrobial plastics market. The company operates through five segments: nutrition & biosciences, safety & construction, transportation & industrial, electronics & imaging, and non-core. The company offers antimicrobial solutions through its nutrition & biosciences segment. It has a vast geographical presence and competes against global players such as BASF SE (Germany) and Royal DSM N.V. (Switzerland). In January 2021, DuPont launched a commodity plastic, NovaGARD. It is a blend of two natural ingredients: Nisin A and Rosemary Extract, which have antioxidant and antimicrobial properties. This combination is effective against bacteria and spores and is used in culinary, meat, poultry, and seafood applications.

On the other hand, BASF SE is the second-largest player in the antimicrobial plastics market. BASF SE is a major chemical company and operates globally through six business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. These segments cater to customers demands of various industries such as restructuring, care chemicals, nutrition & health, paper chemicals, and performance chemicals. The company, through its agricultural solutions segment, offers antimicrobial solutions with a variety of products. BASF SE operates globally through its subsidiaries with more than 380 production sites. The companys prime competitors include DuPont (US) and Avient Corporation (US).

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