The report “Antimicrobial Plastics Market by Additive (Inorganic, Organic), Type (Commodity Plastics, Engineering Plastics, High Performance Plastics), Application (Packaging, Automotive, Medical & Healthcare, Consumer Goods), & Region – Global Forecast to 2028”, size was USD 41.7 billion in 2022 and is projected to reach USD 64.8 billion by 2028, at a CAGR of 7.7%, between 2023 and 2028.
Some of the prominent key players are:
· DuPont De Nemours Inc. (US)
· BASF SE (Germany)
· Microban International (US)
· Sanitized AG (Switzerland)
· BioCote Limited (UK),
· Avient Corporation (US)
· King Plastic Corporation (US)
Opportunities: Growth of textile industry-
From fiber, yarn, and fabric to garments, global textile and apparel industry has strengths along the whole value chain. India and China are one of the largest textile market across the globe. The traditional handloom, handicrafts, wool, and silk items, as well as the organised textile industry in India, make up a large portion of the widely diversified Indian textile and apparel market. With the advancement of nanotechnology in textile manufacturing, antimicrobials can be implemented in various technical and non-technical textiles. This is expected to create new opportunities for the antimicrobial plastics and additives market in textile industry.
Inorganic was the largest additive of the antimicrobial plastics market, in 2022:
Copper type of inorganic additive is majorly used in medical & healthcare, food & beverage, consumer goods and agricultural industries. These additive have high thermal and electrical conductivity, good corrosion resistance and ease of formability. Hospitals, ambulances, public buildings and public transports are some of the applications od copper additive. Zinc inorganic additive is used in the lining of food cans which are used for the packaging of meat, fish, corn and peas. Zinc helps in preserving colors and preventing spoilage.
Asia Pacific is estimated to be the largest market for the antimicrobial plastics market, in terms of value, during the forecast period.
Asia Pacific is the largest and fastest-growing antimicrobial plastics market. Asia has seen widespread use of plastic packaging, with countries like India and China making large contributions through their food and beverage industries. Packaging sector has been a major force behind technology and innovation in the nation over the past few years, adding value to a number of manufacturing industries, including agriculture and the fast-moving consumer goods (FMCG) segments. High demand for specialised medical services due to the presence of developed healthcare infrastructure, rising rates of cardiovascular illnesses and an ageing population are anticipated to fuel the demand for medical equipment, which would in turn have a favourable impact on the demand for antimicrobial plastic in the healthcare industry, in Asia Pacific region.
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