Antimicrobial Plastics Market by Type [Polypropylene (PP), Polyvinylchloride (PVC), Polystyrene (PS), Polyethylene, and Others], Application (Medical and Healthcare, Building and Construction, Consumer Goods, Automotive, Packaging, and Others): Global Market Size Estimates and Forecast (2022–2030)

BMIRE00025917 | Pages: 100 | Chemicals and Materials | Sep 2022 | Type: Global | Status: Published

The market crossed US$ 29 billion mark in 2022 and is expected to hit US$ 52 billion by 2030, recording a CAGR of 8% during the forecast period.

Antimicrobial plastics market has been significantly growing with the increasing adoption of antimicrobial plastics in the medical and healthcare industry.

The major factor driving the antimicrobial plastics market growth is an increasing their demand from the medical and healthcare industry. Various contamination problems are increasing with escalating cases of pathogenic diseases. Use of antimicrobials in plastics helps to kill or control the growth of harmful microorganisms such as bacteria, fungi, and other parasites. In addition, the market growth is also driven by increasing use of antimicrobial plastics in packaging. The medical and healthcare segment is expected to held the significant share of the market during the forecast period. Further, other segments such as building and construction, and automotive are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into polypropylene (PP), polyvinylchloride (PVC), polystyrene (PS), polyethylene, and others. On the basis of application, the market is segmented into medical and healthcare, building and construction, consumer goods, automotive, packaging, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Increasing demand for antimicrobial plastic for food packaging

Antimicrobial plastic packaging is highly utilized in the food & beverage industry. Antimicrobial plastic packaging inhibits the growth of microorganisms and helps to extends the shelf life of perishable food products. There is a rising awareness among consumers about the safety of the food products. Moreover, the growing need for products with a longer shelf life have resulted in an increasing use of antimicrobial plastic in the food packaging in the recent years.

Strong growth of the automotive industry is accelerating the market growth

In the automotive industry, antimicrobial technology help in reducing the build-up of microbes in all the hidden areas and crevices in between cleans. Use of antimicrobial plastic in automobile interiors helps in keeping occupants safe and healthy. With the growing automotive industry, the demand for antimicrobial plastic for the automotive application is increasing. The global automotive sector has witnessed tremendous growth in the last decade. The automotive industry in China has been growing rapidly and the country is playing an increasingly important role in the global automotive market. The robust manufacturing base of the automotive industry in countries such as China, India, and Japan, coupled with increasing sales of automotive vehicles is fuelling the antimicrobial plastics market growth.

Recent strategic developments in antimicrobial plastics market

The antimicrobial plastics market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2020, Premix unveiled PREXELENT, a new kind of active antimicrobial technology that prevents problems to health and wellbeing caused by harmful microbes. The core of PREXELENT is a new, patented method used to mix the active antimicrobial substance with plastic.
  • BioCote showcased innovative antimicrobial solutions and new developments at Interplas 2021. The company has promoted its antimicrobial solutions and their use across various sectors, including healthcare, education, construction, transportation, food, home and leisure. 

The antimicrobial plastics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. RTP Company; Ray Products Company Inc.; Parx Materials NV; Curbell Plastics, Inc.; and Addmaster (UK) Limited. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Antimicrobial plastics related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industries of antimicrobial plastics
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
    • Polypropylene (PP)
    • Polyvinylchloride (PVC)
    • Polystyrene (PS)
    • Polyethylene
    • Others
  • Application
    • Medical and Healthcare
    • Building and Construction
    • Consumer Goods
    • Automotive
    • Packaging
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • RTP Company
    • Ray Products Company Inc.
    • Parx Materials NV
    • Curbell Plastics, Inc.
    • Addmaster (UK) Limited.
  • RTP Company
  • Ray Products Company Inc.
  • Parx Materials NV
  • Curbell Plastics, Inc.
  • Addmaster (UK) Limited.
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