Antimicrobial plastics are synthetic polymers material that contains consolidated and active ingredients that prevent microbial growth. These ingredients are known as antimicrobial additives. These plastics help in maintaining permanent hygiene by providing long-lasting protection against microorganisms such as algae, bacteria, and fungi. Globally, in light of COVID-19, several industries are witnessing a trend of increasing adoption of products that are not susceptible to microorganisms. Further, increasing consumer awareness regarding microorganism-resisting products has increased the demand for antimicrobial plastics. Antimicrobial plastics play an important role in the global healthcare industry as it helps in reducing the risk of healthcare-associated infections. The benefits of using these medical plastics are their long-lasting capacity, high performance & quality, and economical nature. Antimicrobial plastics mainly consist of many macromolecules to produce safe and consistent instruments in the healthcare industry. The major applications of antimicrobial plastics include medical equipment & tools, medical supplies, drug delivery, prostheses & implants, therapeutic systems, and others. Furthermore, the rising prevalence of infectious diseases and hospital-associated infections coupled with the rapidly growing applications in various sectors including automotive, food & beverages, construction, and many more. These aforementioned factors would fuel the demand for antimicrobial plastics.
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According to UnivDatos Market Insights (UMI)’ research report “Global Antimicrobial Plastics Market”, the market is expected to showcase a growth of around 9% during the forecast period. The rising prevalence of infectious diseases and hospital-associated infections coupled with the rapidly growing applications in various industries including automotive, food & beverages, and construction, among others, is fuelling the demand for antimicrobial plastics.
Based on additives, the market is categorized into inorganic and organic. Among these, inorganic has a prominent share in the antimicrobial plastics market as it is non-toxic, environmentally friendly, sustainable, non-volatile in nature, and has high thermal stability and excellent safety. Inorganic antimicrobial additives have widespread applications in the healthcare, packaging, and construction industries. Silver is a commonly used inorganic antimicrobial additive. Silver ion is the active ingredient in silver antimicrobials. It is permanent and has high thermal stability and can be integrated into a wide variety of polymers without altering the product exquisite.
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Based on end-user, the market is categorized into packaging, healthcare, consumer goods, electrical and electronics, automotive, building and construction, food and beverage, and others. Among these, healthcare has a significant share in the antimicrobial plastics market. This is mainly ascribed as antimicrobial plastics are utilized in hospitals, surgical facilities, and dental clinics for creating a protective coating on equipment as they are exposed to spread infections. Moreover, innovation in medical and healthcare applications such as the development of non-toxic surgical & medical devices including catheters, cubicle curtains, beds, and dental implants would fuel the growth of the antimicrobial plastics market.
Asia-Pacific has a considerable share of the antimicrobial plastics market
The growing healthcare, construction, and packaging industries in the Asia-Pacific region helped the region to obtain a considerable position in the antimicrobial plastics market. Further, improving per-capita income and consumer spending power are encouraging consumers for more spending on their comfort, and improving lifestyles are increasing the demand for hygienic products. In addition, high awareness regarding the benefits of antimicrobial products among the regional population is fueling the demand for antimicrobial plastics in the region. Rising consumer disposable incomes in nations such as India, China, and others would result in higher adoption of modern healthcare practices. This would increase the demand for antimicrobial plastics in the region.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global antimicrobial plastics market include BASF SE, Avient Corporation, Valtris Specialty Chemicals, Parx Materials N.V., Microban International Ltd., King Plastic Corporation, Milliken & Company, Lonza Group Ltd., Advanced Plastiform Inc., and Condale Plastics Ltd. These companies are taking several strategic decisions to meet the growing demand and increase their market share.
“Global Antimicrobial Plastics Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Additive (Inorganic and Organic)
2. By Type (High-Performance Plastic, Engineering Plastic, Commodity Plastic, and Others)
3. By End-User (Packaging, Healthcare, Consumer Goods, Electrical and Electronics, Automotive, Building and Construction, Food and Beverage, and Others)
4. By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
5. By Company (BASF SE, Avient Corporation, Valtris Specialty Chemicals, Parx Materials N.V., Microban International Ltd., King Plastic Corporation, Milliken & Company, Lonza Group Ltd., Advanced Plastiform Inc., and Condale Plastics Ltd.)
Key questions answered in the study:
1. What are the current and future trends of the global antimicrobial plastics industry?
2. How the industry has been evolving in terms of additive, type, and end-user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global antimicrobial plastics industry?
5. What are the customer orientation, purchase behavior, and expectations from global antimicrobial plastics suppliers across various regions and countries?