Global Antimicrobial Plastic Market (2021-2026) by Additive, Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Antimicrobial Plastic Market is estimated to be USD 21.89 Bn in 2021 and is expected to reach USD 34.07 Bn by 2026, growing at a CAGR of 9.25%.



Market Dynamics

The major factors such as the expanding popularity of antibacterial polymer packaging, particularly in the medicine, healthcare, and food industries, as well as rising concerns about the avoidance of contamination risk in medical equipment, are likely to drive demand for antimicrobial plastics. Furthermore, increased disposable income and rising standard of life are factors encouraging individuals in emerging nations to spend on illness prevention and personal well-being, resulting in the market growth of antimicrobial plastic. In addition, the rise of the popular eco-friendly idea of "Construction Microbial Biotechnology," which employs low-cost, sustainable, and microbial cement, grouts, polysaccharides, and bioplastics, is projected to provide substantial growth opportunities for the global antimicrobial plastic market.

However, the fluctuating raw material price and strict government controls on the use of plastics are anticipated to restrain and create challenges for the market growth.

Market Segmentation

The Global Antimicrobial Plastic Market is segmented further based on Additive, Type, Application, and Geography.

By Additive, the market is classified as organic and inorganic. Amongst the two, the organic segment is estimated to hold the highest market share during the forecast period.

By Type, the market is classified as commodity plastics, engineering plastics, high-performance plastics, and others. Amongst all, the commodity plastics segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as packaging, automotive, consumer goods, medical and healthcare, building & construction, and others. Amongst all, the consumer goods segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Polyone completes Clariant masterbatch acquisition and will now be called Avient. - 1st July 2020.
2. LyondellBasell announces acquisition of PolyPacific Polymers SDN. Bhd. in Malaysia. - 30th June 2021.

Company Profiles

Some of the companies covered in this report are Agion Technologies Inc. BASF SE, Biocote Limited, Clariant AG, King Plastic Corporation, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Antimicrobial Plastic Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market