Global Antimicrobial Plastics Market by Product Outlook (Engineering Plastics, Commodity Plastics, High Performance Plastics); by End-Use Industry (Building & Construction, Healthcare, Automotive & transportation, Packaging, Textile, Food & Beverage, Consumer Goods and Others); by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa); - Global Forecasts 2021 to 2027

Date : Oct 2021

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Report ID : 114

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Category : Coating , Adhesives, Sealants and Elastomers

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Report Format:  PDF EXCEL PPT WORD

The Global Antimicrobial Plastics Market was valued at USD 26.10 Bn in 2020 and is expected to reach USD 45.52 Bn by 2027, with a growing CAGR of 8.3% during the forecast period.

The Global Antimicrobial Plastics Market Definition:

Antimicrobial plastics can be defined as a synthetic polymer material that contains an integrated active ingredient. This ingredient makes it effective against microbial growth such as viruses, molds, bacteria, and algae, and which can contaminate the plastic. Along with this, antimicrobial plastics are more hygienic to use, long-lasting protects stain, bad odour and helps in preventing biofilm formation. These benefits offered by antimicrobial plastics are immensely helping in boosting the antimicrobial market demand.

Antimicrobial Plastics Market

The Global Antimicrobial Plastics Market Dynamics:

The antimicrobial plastics market is accounted to boost at a significant pace in the forecast period. The market is majorly experiencing traction owing to the increasing usage of antimicrobial plastics in various end-use industries such as healthcare, automotive & transportation, packaging, consumer goods among others. Antimicrobial plastics provide chemical & heat resistance, chemical stability, high dimensional stability, and improved mechanical properties. Due to these properties, the market has been experiencing increasing demand from these end-use industries. In addition, rapid urbanization along with an increase in consumer spending power is also expected to positively impact the growth of the antimicrobial plastics market demand.

Further, the increasing consumer awareness about the importance of maintaining personal hygiene due to rising instances of pandemic and epidemic outbreaks such as COVID- 19, H1N1 Swine flu, and H5N1 Avian influenza in recent times has increased the demand for antimicrobial plastic in consumer goods in recent years. Moreover, antimicrobial plastics are now rapidly being used as a substitute for conventional material in the healthcare sector for manufacturing medical instruments such as aesthetic machines and ventilators due to their pathogens inhibiting properties, thereby positively impacting the product demand.

The Global Antimicrobial Plastics Market Segmentation:

By Product Outlook

  • Engineering Plastics
    • Polyamide (PA)
    • Polycarbonate (PC)
    • Thermoplastic polyurethane (TPU)
    • Others
  • Commodity Plastics
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polyvinyl Chloride (PVC)
    • Polystyrene (PS)
    • Acrylonitrile Butadiene Systems (ABS)
    • Polyethylene Terephthalate (PET)
  • High Performance Plastics

By End-Use Industry

  • Building & Construction
  • Healthcare
  • Automotive & transportation
  • Packaging
  • Textile
  • Food & Beverage
  • Consumer Goods
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The unique insights provided by this report also include the following:

  • In-Depth Value Chain Analysis
  • Market Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post Covid 19 Impact On Antimicrobial Plastics Market
  • Competitive Landscape

Based on product outlook, the commodity plastic segment held the largest share in the antimicrobial plastics market due to the increasing application of commodity plastic in various end-use industries 

Based on product outlook, the antimicrobial market is segmented as engineering plastics, commodity plastics, and high-performance plastics. Among these, commodity plastic held the largest share in the antimicrobial plastics industry. This share is majorly attributed to the increasing application of commodity plastic in consumer products, packaging, food and beverage, and healthcare industries. The product growth in these end-use industries is majorly attributed to the changing lifestyle of consumers across the globe along with shifting consumer focus on maintaining personal hygiene. Commodity plastics such as polypropylene and polyethylene are the major contributors in driving the market demand due to their improved biocompatibility, moisture resistance, high impact strength, chemical resistance, and wide range of applications in various end-use industries. Further, the blooming building & construction industry owing to the rising population is also expected to drive the demand for the commodity plastics segment.

Based on end-use industry, the healthcare industry is projected to account for the largest antimicrobial market share during the forecast period owing to rising awareness among healthcare workers regarding using antimicrobial plastics in the medical devices

Based on the end-use industry the antimicrobial plastics market can be fragmented into building & construction, healthcare, automotive & transportation, packaging, textile, food & beverage, consumer goods, and others. The healthcare industry is projected to account for the largest market share during the forecast period. This large share is primarily due to the rising awareness among healthcare workers regarding using antimicrobial plastics in medical devices due to the fear of infection. The rising demand for advanced healthcare services due to rising incidences of cardiovascular diseases and the increasing aging population across the world is also expected to drive the need for medical devices. The data released by American Heart Association Research in 2018 shows that approximately 2,300 Americans die each day due to cardiovascular diseases, which is an average of one death every 38 seconds. This rising rate of cardiovascular diseases, in turn, is projected to boost the antimicrobial plastic market demand in healthcare applications.

Based on regions, the Asia-Pacific region has dominated the antimicrobial market across the globe owing to rapidly expanding demand for antimicrobial plastic from the healthcare and packaging sector

Based on region, the antimicrobial plastics market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the Asia-Pacific region has dominated the antimicrobial market across the globe. The growth in this region is due to the rapidly expanding demand for antimicrobial plastic from the healthcare and packaging sector, especially in countries such as China, Japan, and India. Moreover, the increasing instances of chronic diseases along with the rising geriatric population in the region is further expected to increase the demand for antimicrobial plastics. Furthermore, the increasing healthcare expenditure, followed by the expansion of the insurance coverage in countries such as China, Japan, and India are projected to be the prominent factors driving government investment in healthcare infrastructure.

The report also provides in-depth analysis of antimicrobial plastics market dynamics such as drivers, restraints, opportunities and challenges

Drivers

  • Outbreak of pandemic and growing awareness about usage of antimicrobial plastics
  • Increasing usage of antimicrobial plastics in various end-use industries
  • Rising geriatric population
  • Increasing instances of chronic diseases

Restraints

  • Volatility in raw material prices

Opportunities

  • Need for recycling disposable medical products

Note: Challenges along with in-depth market dynamics analysis is mentioned in the report. .

COVID-19 impact on the antimicrobial plastics market analysis

The Covid-19 pandemic has majorly affected the antimicrobial plastics market. The pandemic in nations such as U.S, India, China, France, Italy, among others is expected to hamper the growth of the antimicrobial plastics demand majorly in construction, electrical and electronics, consumer goods, and automotive applications. The pandemic has slowed down or halted the manufacturing operations and put many restrictions on supply and transport, which have negatively impacted the demand for antimicrobial plastics. However, the pandemic has resulted in immensely increasing the demand for medical components such as gloves, masks ventilators, and testing equipment. This, in turn, has provided growth opportunities in the antimicrobial plastics industry. According to WHO, as of 28 September 2021, there have been 232,075,351 confirmed cases of COVID-19, including 4,752,988 deaths across the globe. The increasing instances of positive cases in countries, such as Italy, U.S., Spain, Germany, France, the U.K., and Iran, are triggering the demand for medical components, thereby has created high demand for the antimicrobial plastic industry.

The report also provides in-depth analysis of key trends in antimicrobial plastics market

  • The increasing trend of the home healthcare sector is positively driving the antimicrobial plastics market demand. This is owing to the low costs involved in comparison to hospital care which is resulting in the increasing demand for intensive care medical devices. This in turn is projected to increase the antimicrobial plastics industry size in the healthcare sector in the forecast period.

The report also provides in-depth analysis of recent news developments and investments

  • In April 2020, Premix, an innovative and leading manufacturer of functional plastic materials, announced its new product “PREXELENT™”. PREXELENT™ is a new kind of active antimicrobial technology that helps in preventing problems relating to wellbeing and health caused by harmful microbes. The antimicrobial PREXELENT™ is also aimed at constraining the global problem of food spoilage.
  • In May 2021, Avient, a global provider of specialized polymer materials and services has announced the launch of three proprietary TPE formulations with GLS TPEs. The company’s GLS TPEs contains antimicrobial technology that helps in inhibiting bacterial growth by 99.9% or more and helps in resisting growth of fungus by protecting the moulded plastic parts.

Company Profiles and Competitive Intelligence

The key players operating in the antimicrobial plastics market are:

  • The Dow Chemical Company
  • Milliken Chemical
  • Biocote
  • BASF SE
  • Ticona Engineering Polymers
  • Bayer MaterialScience AG
  • Parx Plastics N.V.
  • Doeflex Vitapol
  • King Plastic Corporation
  • Microban International
  • DuPont
  • Lonza Group
  • Avient Corporation
  • Sanitized AG
  • Ray Products Company Inc.
  • Covestro AG
  • Palram Industries Ltd.
  • Clariant AG
  • Sanitized AG
  • Dow Inc.
  • Lonza
  • PolyOne Corporation

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Introduction
    1. Product Outline
    2. Antimicrobial Plastics Overview
    3. Different Types Of Antimicrobial Plastics 
    4. Analysis Of Antimicrobial Plastics Ecosystem
    5. Supply Chain Analysis
    6. Covid -19 Impact
    7. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    8. Technology Overview
  2. Technology and Regulatory Landscape for Antimicrobial Plastics    
    1. Regulations and Standards
  3. Antimicrobial Plastics Market Pricing Analysis
    1. Prices of Antimicrobial Plastics   
  4. Antimicrobial Plastics Market by Product Outlook
    1. Engineering Plastics
      1. Polyamide (PA)
      2. Polycarbonate (PC)
      3. Thermoplastic polyurethane (TPU)
      4. Others
    2. Commodity Plastics
      1. Polyethylene (PE)
      2. Polypropylene (PP)
      3. Polyvinyl Chloride (PVC)
      4. Polystyrene (PS)
      5. Acrylonitrile Butadiene Systems (ABS)
      6. Polyethylene Terephthalate (PET)
    3. High Performance Plastics
  5. Antimicrobial Plastics Market by End User Industry
    1. Building & Construction
    2. Healthcare
    3. Automotive & transportation
    4. Packaging
    5. Textile
    6. Food & Beverage
    7. Consumer Goods
    8. Others
  6. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  7. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  8. Key Market Trends / Recent Developments
  9. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  10. Key Global Players
    1. The Dow Chemical Company
    2. Milliken Chemical
    3. Biocote
    4. BASF SE
    5. Ticona Engineering Polymers
    6. Bayer MaterialScience AG
    7. Parx Plastics N.V.
    8. Doeflex Vitapol
    9. King Plastic Corporation
    10. Microban International
    11. DuPont
    12. Lonza Group
    13. Avient Corporation
    14. Sanitized AG
    15. Ray Products Company Inc.
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