The global antimicrobial plastic market size is expected to reach USD 73.7 billion by 2030, according to a report by Grand View Research, Inc. The market is projected to expand at a CAGR of 7.8% from 2022 to 2030. The growing demand for products from packaging, health care, consumer products, and some other industries is expected to drive the market. Moreover, the growing complex epidemiological situations, such as COVID-19, microbial contamination, hospital-acquired infections, and healthcare-associated infections (HCAIs), are expected to fuel the growth of the market.
The healthcare segment has shown high penetration rates and it accounted for the majority of revenue share in 2021. This can be explained by the strong demand for antimicrobial plastics for the production of sterilized and infection-preventing products such as surgical cables, tubes, and orthopedic sutures. In addition, growing consumer health awareness, an increase in the elderly population in countries such as Japan, China, and the United States, and growing demand for high-quality medical equipment are expected to drive the market.
Gather more insights about the market drivers, restrains and growth of the Global Antimicrobial Plastic Market
Companies in the market compete based on the quality of the products they offer and the technology used to produce antimicrobial plastics. Major players are engaging in mergers and acquisitions, expanding their manufacturing capacity, developing infrastructure, investing in R&D centers, and looking for vertical integration opportunities along the entire value chain. These initiatives help them meet growing global demand, stay competitive, improve sales and operations planning, develop innovative products and technologies, reduce manufacturing costs, and expand their customer base.
Antimicrobial Plastic Market Report Highlights
• The global market is expected to witness significant growth in the forecast period owing to rising product demand from the end-use industries including packaging and healthcare
• Asia Pacific is expected to witness the fastest growth during the forecast period due to the growth of the main end-use industries, such as healthcare, food & beverages, construction, packaging, automotive, and transportation. It is expected that the powerful production base of the automobile and transport industry in China, India, and Japan, combined with the increase in the sale of passenger cars, will contribute to the growth of the market in the region in the future. In addition, it is expected that favorable policies, such as foreign direct investment (DII) and "Made in India", implemented by the Indian government will create ample opportunities for the growth of the automobile and transport industry, which, in turn, will increase the consumption of antimicrobial plastics in cars and vehicles
• Rapidly growing e-commerce, online food deliveries, and innovation and development in the packaging industry industries in APAC are also fueling the product demand in the regional market
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
• California hot melt adhesives market size was valued at USD 278.7 million in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030.
• The global liquid silicone rubber market size was valued at USD 2.81 billion in 2023 and is projected to grow at a CAGR of 8.5% from 2024 to 2030.
Segments Covered in the Report
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
U.S
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Asia Pacific
China
India
Japan
Central and South America
Brazil
Argentina
Middle East and Africa
GCC Countries
South Africa
Order a free sample PDF of the Antimicrobial Plastic Market Intelligence Study, published by Grand View Research.