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Antimicrobial Plastic Market

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    Report

  • 142 Pages
  • August 2021
  • Region: Global
  • IndustryARC
  • ID: 3919931
Antimicrobial plastic market is experienced with the revenue of $57.6 billion and expected to grow at a CAGR of 10.3% during 2022-2027. The increase in demand for antimicrobial plastics from applications such as packaging, automobile, consumer products, medical and healthcare, building & construction, and others is driving the market in particular. Growing demand for antimicrobial plastics has provided diverse prospects for manufacturers in upcoming applications. However, the COVID-19 epidemic has completely infected the world economy and numerous sectors. Although, unlike other industries, the pandemic has had a positive effect on the demand for antimicrobial plastics, as understanding of the usage of antimicrobial plastics has increased in numerous applications, especially in the medical and healthcare sectors.

Antimicrobial Plastic Market Report Coverage


The report: “Antimicrobial Plastic Market - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Antimicrobial Plastic Acid Market.

By Type: Commodity Plastics, Engineering Plastics, High Performance Plastics and Others.

By Application: Packaging, Automotive, Consumer Goods, Medical & Healthcare, Building & Construction and others.

By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways


Growing investments in research and development are expected to create prospects for the business under review during the forecast period.

During the forecast era, the healthcare industry dominated the market and is likely to see growth. This is largely attributed to growing healthcare sector investments and increasing demand for medical devices and supplies.

The industry was dominated by commodity plastics which accounted for the highest share of global sales in 2021. It is anticipated that the growing use of commodity plastics in the packaging, consumer goods, healthcare and food and beverage industries will boost the demand over the forecast period. Product development in these end-use sectors is driven largely by the market understanding of personal hygiene and changing consumer lifestyles around the globe. Due to their biocompatibility, high impact power, moisture tolerance, chemical resistance, and a broad variety of applications in different end-use industries, polyethylene and polypropylene antimicrobial plastics are the main contributors in driving demand for commodity plastic.

Medical and healthcare segment led the market and accounted for the highest share of the global revenue in 2021. Because of the low costs involved compared with hospital services and the growing need for intensive care medical equipment, the growth of the home healthcare industry is expected to raise the need for antimicrobial plastics in the healthcare sector in the coming years. Due to the availability of well-developed healthcare facilities, the rising prevalence of chronic diseases and the rising ageing population around the globe, high demand for specialized healthcare services is projected to boost demand for medical devices. This, in particular, is projected to have a positive effect on healthcare market for antimicrobial plastic.

Asia-Pacific region was the largest market for antimicrobial plastic. Market growth in the area is expected to be led by the increasing demand for antimicrobial plastics from the healthcare and packaging sectors, especially in countries such as India, China and Japan. In addition, growing spending on healthcare, led by the increasing prevalence of chronic illnesses and the widening of insurance coverage in countries such as India, China and Japan, is projected to be a significant driver of government spending in healthcare infrastructure. Moreover, key players are spending more in research and development to identify uses of antimicrobial plastics in unconventional sectors of the market in order to expand their reach and demand.

Antimicrobial Plastic Market Drivers


Pandemic outbreaks and the knowledge of the use of antimicrobial plastics

It is almost difficult to keep any surface sanitized, despite social distancing, facemasks, and stringent hygiene steps. There is also a need for self-cleansing properties that will neutralize contaminant pathogens from the surface and reduce the chance of future dissemination. There is a strong need for coatings such as antimicrobial plastics in different applications, with the number of COVID-19 positive cases rising day by day and the lack of relevant vaccines. Antimicrobial plastics possess properties that make them ideal for use in non-toxic plastic equipment, such as high antimicrobial activity, hardness, toughness and transparency. Moreover, the rise of antimicrobial plastics in healthcare is increasing the market for medical devices. The need to repel surface pathogens and the understanding of antimicrobial plastics is rising rapidly, and the market for antimicrobial plastics in the medical & healthcare industry is increasing.

Antimicrobial Plastic Market Challenges


Raw Material Price Volatility

With the all-time slump in oil prices due to the lockout imposed by COVID-19, plastic demand has decreased. Furthermore, the changing attention of suppliers towards new technology is hampering the development of the demand for antimicrobial plastics. The cost of manufacture rises with the introduction of emerging technology, as the implementation of new technologies requires considerable resources. The plastic industry is currently being transformed by increasing societal consciousness of the persistence of plastic in the environment and the implementation of increasingly tight regulations.

Antimicrobial Plastic Market Landscape


Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Antimicrobial Plastic Acid market. In 2021, the market of Antimicrobial Plastic Acid has been consolidated by the top five players accounting for xx% of the share. Antimicrobial Plastic Acid Market top companies are DuPont (US), BASF SE (Germany), Lonza Group (Switzerland), Avient Corporation, Microban International, Parx Plastics, King Plastic Corporation, BioCote, Milliken Chemical and Sanitized AG, among others.

Acquisitions/Technology Launches


An agreement with Microban International to provide antimicrobial protection in their products was announced by Panaria Group (Italy) in May 2019.

In February 2017, a new product line for antimicrobial applications in refrigerators, washing, and dishwasher gaskets was launched by Microban International.


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Table of Contents

1. Antimicrobial Plastic Market- Market Overview
1.1 Definitions and Scope
2. Antimicrobial Plastic Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Application
2.4 Key Trends by Geography
3. Antimicrobial Plastic Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Antimicrobial Plastic Market- Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Porters five force model
4.3.1 Bargaining power of suppliers
4.3.2 Bargaining powers of customers
4.3.3 Threat of new entrants
4.3.4 Rivalry among existing players
4.3.5 Threat of substitutes
5. Antimicrobial Plastic Market-Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Antimicrobial Plastic Market- By Type (Market Size -$Million)
6.1 Commodity Plastics
6.1.1 Polyethylene
6.1.2 Polypropylene
6.1.3 Polystyrene
6.1.4 Polyvinyl Chloride
6.1.5 Polymethyl Methacrylate
6.1.6 Polyethylene Terephthalate
6.1.7 Others
6.2 Engineering Plastics
6.2.1 Acrylonitrile Butadiene Styrene
6.2.2 Polycarbonate
6.2.3 Polyamide
6.2.4 Polyoxymethylene
6.2.5 Others
6.3 High Performance Plastics
6.4 Others
7. Antimicrobial Plastic Market- By Application (Market Size -$Million)
7.1 Packaging
7.2 Automotive
7.3 Consumer Goods
7.4 Medical & Healthcare
7.5 Building & Construction
7.6 Others
8. Antimicrobial Plastic Market- By Geography (Market Size -$Million)
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 South America
8.2.1 Brazil
8.2.2 Argentina
8.2.3 Colombia
8.2.4 Rest of South America
8.3 Europe
8.3.1 U.K
8.3.2 Germany
8.3.3 Italy
8.3.4 France
8.3.5 Russia
8.3.6 Spain
8.3.7 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 ANZ
8.4.4South Korea
8.4.5 India
8.4.6 Rest of APAC
8.5 ROW
8.5.1 Middle East
8.5.2 Africa
9. Antimicrobial Plastic Market- Entropy
9.1 New Product Launches
9.2 M&A’s, Collaborations, JVs and Partnerships
10. Antimicrobial Plastic Market- Company Analysis
10.1 Market Share, Company Revenue, Products, M&A, Developments
10.2 Company 1
10.3 Company 2
10.4 Company 3
10.5 Company 4
10.6 Company 5
10.7 Company 6
10.8 Company 7
10.9 Company 8
10.10 Company 9
10.11 Company 10 and more
*Financials would be provided on a best-efforts basis for private companies

Methodology

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