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.
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.
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.
The antimicrobial plastics market has undergone several significant developments, and a few of these have been mentioned below:
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.
Scope of the report:
In this report, the market has been segmented on the basis of: