Antimicrobial Plastics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Antimicrobial Plastics Market
The antimicrobial plastics market size was valued at USD 43.94 billion in 2023, and the market is now projected to grow from USD 46.98 billion in 2024 to USD 85.43 billion by 2032, exhibiting a CAGR of 7.7% during the forecast period of 2024-2032.
The COVID-19 pandemic caused exceptional social and economic disruptions. The growing number of patients during the outburst and rising public consciousness of hygiene and cleanliness resulted in higher demand for antimicrobial products from the pharmaceutical industry. This enhanced the use of antimicrobial plastics in the healthcare sector. The pandemic strictly affected world-wide economics. Structure, building and automotive were some of the key trades affected by the pandemic.
The use of antimicrobial plastics in the automotive sector has been mounting promptly in recent years. These plastics are planned to impede the growth of microorganisms and other injurious microbes on surfaces, making them ultimate for the use in automobiles. The growing demand for cleaner and harmless environments, specifically due to the impact of the COVID-19 pandemic, has made antimicrobial polymers a popular choice for automotive producers. Antimicrobial polymers have an extensive choice of applications in the automotive industry. They can be used in high-touch areas, such as gate handles, arm relaxations, steering wheel, gear shifters, and control panel. The demand for cleaner and harmless surroundings upsurges, more automotive makers are expected to implement these inventive materials in their automobiles which will upsurge the antimicrobial plastics market growth.
The pandemic made the public more aware of its environments and health. Poor cleanliness in food and inappropriate packaging are key concerns. In addition, the use of ruined packaging for online food supplies and dine-out amenities can cause severe infectious and virus-related infections. Effective antimicrobial packaging products keep the food fresh for an extended period. They are appropriate for monitoring the development of mould and algae within the packaging films and vessels.
Comprehensive Analysis of Antimicrobial Plastics Market
The market can be segmented in various ways depending on the focus of study such as by end users and by application. By additive, the market is segmented into inorganic and organic. By type, the market is segmented into commodity plastics, engineering plastics, and high-performance plastics. Based on the application, the market is segmented into medical & healthcare, packaging, consumer goods, automotive, building & construction, and others.
North America region is dominating the antimicrobial plastics market share due to growing healthcare and consumer goods industries. The growth can also be attributed to changes in consumer buying behaviour, market awareness, and increased demand for packaged foods and beverages.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include BASF SE (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), DuPont de Nemours, Inc (U.S.), INEOS Group Limited (U.K.), Avient Corporation (U.S.), SABIC (Saudi Arabia), Palram Industries Ltd. (Israel), RTP Company (U.S.), Microban International, Ltd. (U.S.), King Plastic Corporation (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In February 2023, Microban International has announced a sequence of antimicrobial functions with the inauguration of Microguard technology. This improvement is designed to convey antifungal properties to PVC, PU, and EVA plastics, avoiding degradation and prolonging the lifecycle of these products.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.7% from 2024 to 2032
Unit Value (USD Billion), Volume (Million Ton)
Segmentation By Additive
Inorganic
Organic
By Type
Commodity Plastics
Engineering Plastics
High-Performance Plastics
By Application
Medical & Healthcare
Packaging
Consumer Goods
Automotive
Building & Construction
Others
By Geography
North America (By Additive, By Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Additive, By Type, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Additive, By Type, By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Additive, By Type, By Application, By Country)
- Mexico (By Application)
- Brazil (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Additive, By Type, By Application, By Country)
- GCC (By Application)
- South Africa (By Application)
Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological AdvanOrganic
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on the Market
- 5. Global Antimicrobial Plastics Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Additive (Value and Volume)
- 5.2.1. Inorganic
- 5.2.2. Organic
- 5.3. By Type (Value and Volume)
- 5.3.1. Commodity Plastics
- 5.3.2. Engineering Plastics
- 5.3.3. High-Performance Plastics
- 5.4. By Application (Value and Volume)
- 5.4.1. Medical & Healthcare
- 5.4.2. Packaging
- 5.4.3. Consumer Goods
- 5.4.4. Automotive
- 5.4.5. Building & Construction
- 5.4.6. Others
- 5.5. By Region (Value and Volume)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Antimicrobial Plastics Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Additive (Value and Volume)
- 6.2.1. Inorganic
- 6.2.2. Organic
- 6.3. By Type (Value and Volume)
- 6.3.1. Commodity Plastics
- 6.3.2. Engineering Plastics
- 6.3.3. High-Performance Plastics
- 6.4. By Application (Value and Volume)
- 6.4.1. Medical & Healthcare
- 6.4.2. Packaging
- 6.4.3. Consumer Goods
- 6.4.4. Automotive
- 6.4.5. Building & Construction
- 6.4.6. Others
- 6.5. By Country (Value and Volume)
- 6.5.1. U.S
- 6.5.1.1. By Application (Value and Volume)
- 6.5.1.1.1. Medical & Healthcare
- 6.5.1.1.2. Packaging
- 6.5.1.1.3. Consumer Goods
- 6.5.1.1.4. Automotive
- 6.5.1.1.5. Building & Construction
- 6.5.1.1.6. Others
- 6.5.2. Canada
- 6.5.2.1. By Application (Value and Volume)
- 6.5.2.1.1. Medical & Healthcare
- 6.5.2.1.2. Packaging
- 6.5.2.1.3. Consumer Goods
- 6.5.2.1.4. Automotive
- 6.5.2.1.5. Building & Construction
- 6.5.2.1.6. Others
- 7. Europe Antimicrobial Plastics Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Additive (Value and Volume)
- 7.2.1. Inorganic
- 7.2.2. Organic
- 7.3. By Type (Value and Volume)
- 7.3.1. Commodity Plastics
- 7.3.2. Engineering Plastics
- 7.3.3. High-Performance Plastics
- 7.4. By Application (Value and Volume)
- 7.4.1. Medical & Healthcare
- 7.4.2. Packaging
- 7.4.3. Consumer Goods
- 7.4.4. Automotive
- 7.4.5. Building & Construction
- 7.4.6. Others
- 7.5. By Country (Value and Volume)
- 7.5.1. Germany
- 7.5.1.1. By Application (Value and Volume)
- 7.5.1.1.1. Medical & Healthcare
- 7.5.1.1.2. Packaging
- 7.5.1.1.3. Consumer Goods
- 7.5.1.1.4. Automotive
- 7.5.1.1.5. Building & Construction
- 7.5.1.1.6. Others
- 7.5.2. U.K.
- 7.5.2.1. By Application (Value and Volume)
- 7.5.2.1.1. Medical & Healthcare
- 7.5.2.1.2. Packaging
- 7.5.2.1.3. Consumer Goods
- 7.5.2.1.4. Automotive
- 7.5.2.1.5. Building & Construction
- 7.5.2.1.6. Others
- 7.5.3. France
- 7.5.3.1. By Application (Value and Volume)
- 7.5.3.1.1. Medical & Healthcare
- 7.5.3.1.2. Packaging
- 7.5.3.1.3. Consumer Goods
- 7.5.3.1.4. Automotive
- 7.5.3.1.5. Building & Construction
- 7.5.3.1.6. Others
- 7.5.4. Italy
- 7.5.4.1. By Application (Value and Volume)
- 7.5.4.1.1. Medical & Healthcare
- 7.5.4.1.2. Packaging
- 7.5.4.1.3. Consumer Goods
- 7.5.4.1.4. Automotive
- 7.5.4.1.5. Building & Construction
- 7.5.4.1.6. Others
- 7.5.5. Rest of Europe
- 7.5.5.1. By Application (Value and Volume)
- 7.5.5.1.1. Medical & Healthcare
- 7.5.5.1.2. Packaging
- 7.5.5.1.3. Consumer Goods
- 7.5.5.1.4. Automotive
- 7.5.5.1.5. Building & Construction
- 7.5.5.1.6. Others
- 8. Asia-Pacific Antimicrobial Plastics Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Additive (Value and Volume)
- 8.2.1. Inorganic
- 8.2.2. Organic
- 8.3. By Type (Value and Volume)
- 8.3.1. Commodity Plastics
- 8.3.2. Engineering Plastics
- 8.3.3. High-Performance Plastics
- 8.4. By Application (Value and Volume)
- 8.4.1. Medical & Healthcare
- 8.4.2. Packaging
- 8.4.3. Consumer Goods
- 8.4.4. Automotive
- 8.4.5. Building & Construction
- 8.4.6. Others
- 8.5. By Country (Value and Volume)
- 8.5.1. China
- 8.5.1.1. By Application (Value and Volume)
- 8.5.1.1.1. Medical & Healthcare
- 8.5.1.1.2. Packaging
- 8.5.1.1.3. Consumer Goods
- 8.5.1.1.4. Automotive
- 8.5.1.1.5. Building & Construction
- 8.5.1.1.6. Others
- 8.5.2. Japan
- 8.5.2.1. By Application (Value and Volume)
- 8.5.2.1.1. Medical & Healthcare
- 8.5.2.1.2. Packaging
- 8.5.2.1.3. Consumer Goods
- 8.5.2.1.4. Automotive
- 8.5.2.1.5. Building & Construction
- 8.5.2.1.6. Others
- 8.5.3. India
- 8.5.3.1. By Application (Value and Volume)
- 8.5.3.1.1. Medical & Healthcare
- 8.5.3.1.2. Packaging
- 8.5.3.1.3. Consumer Goods
- 8.5.3.1.4. Automotive
- 8.5.3.1.5. Building & Construction
- 8.5.3.1.6. Others
- 8.5.4. South Korea
- 8.5.4.1. By Application (Value and Volume)
- 8.5.4.1.1. Medical & Healthcare
- 8.5.4.1.2. Packaging
- 8.5.4.1.3. Consumer Goods
- 8.5.4.1.4. Automotive
- 8.5.4.1.5. Building & Construction
- 8.5.4.1.6. Others
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By Application (Value and Volume)
- 8.5.5.1.1. Medical & Healthcare
- 8.5.5.1.2. Packaging
- 8.5.5.1.3. Consumer Goods
- 8.5.5.1.4. Automotive
- 8.5.5.1.5. Building & Construction
- 8.5.5.1.6. Others
- 9. Latin America Antimicrobial Plastics Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Additive (Value and Volume)
- 9.2.1. Inorganic
- 9.2.2. Organic
- 9.3. By Type (Value and Volume)
- 9.3.1. Commodity Plastics
- 9.3.2. Engineering Plastics
- 9.3.3. High-Performance Plastics
- 9.4. By Application (Value and Volume)
- 9.4.1. Medical & Healthcare
- 9.4.2. Packaging
- 9.4.3. Consumer Goods
- 9.4.4. Automotive
- 9.4.5. Building & Construction
- 9.4.6. Others
- 9.5. By Country (Value and Volume)
- 9.5.1. Mexico
- 9.5.1.1. By Type (Value and Volume)
- 9.5.1.1.1. Medical & Healthcare
- 9.5.1.1.2. Packaging
- 9.5.1.1.3. Consumer Goods
- 9.5.1.1.4. Automotive
- 9.5.1.1.5. Building & Construction
- 9.5.1.1.6. Others
- 9.5.2. Brazil
- 9.5.2.1. By Application (Value and Volume)
- 9.5.2.1.1. Medical & Healthcare
- 9.5.2.1.2. Packaging
- 9.5.2.1.3. Consumer Goods
- 9.5.2.1.4. Automotive
- 9.5.2.1.5. Building & Construction
- 9.5.2.1.6. Others
- 9.5.3. Rest of Latin America
- 9.5.3.1. By Application (Value and Volume)
- 9.5.3.1.1. Medical & Healthcare
- 9.5.3.1.2. Packaging
- 9.5.3.1.3. Consumer Goods
- 9.5.3.1.4. Automotive
- 9.5.3.1.5. Building & Construction
- 9.5.3.1.6. Others
- 10. Middle East & Africa Antimicrobial Plastics Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Additive (Value and Volume)
- 10.2.1. Inorganic
- 10.2.2. Organic
- 10.3. By Type (Value and Volume)
- 10.3.1. Commodity Plastics
- 10.3.2. Engineering Plastics
- 10.3.3. High-Performance Plastics
- 10.4. By Application (Value and Volume)
- 10.4.1. Medical & Healthcare
- 10.4.2. Packaging
- 10.4.3. Consumer Goods
- 10.4.4. Automotive
- 10.4.5. Building & Construction
- 10.4.6. Others
- 10.5. By Country (Value and Volume)
- 10.5.1. GCC
- 10.5.1.1. By Application (Value and Volume)
- 10.5.1.1.1. Medical & Healthcare
- 10.5.1.1.2. Packaging
- 10.5.1.1.3. Consumer Goods
- 10.5.1.1.4. Automotive
- 10.5.1.1.5. Building & Construction
- 10.5.1.1.6. Others
- 10.5.2. South Africa
- 10.5.2.1. By Application (Value and Volume)
- 10.5.2.1.1. Medical & Healthcare
- 10.5.2.1.2. Packaging
- 10.5.2.1.3. Consumer Goods
- 10.5.2.1.4. Automotive
- 10.5.2.1.5. Building & Construction
- 10.5.2.1.6. Others
- 10.5.3. Rest of Middle East & Africa
- 10.5.3.1. By Application (Value and Volume)
- 10.5.3.1.1. Medical & Healthcare
- 10.5.3.1.2. Packaging
- 10.5.3.1.3. Consumer Goods
- 10.5.3.1.4. Automotive
- 10.5.3.1.5. Building & Construction
- 10.5.3.1.6. Others
- 11. Company Profiles
- 11.1. BASF SE
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. LyondellBasell Industries Holdings B.V.
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. DuPont de Nemours, Inc
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. INEOS Group Limited
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. Avient Corporation
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. SABIC
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. Palram Industries Ltd.
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. RTP Company
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. Microban International, Ltd.
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.10. King Plastic Corporation
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Product Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
- 12. Strategic Recommendations
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