The global Antimicrobial Plastic Market size is expected to reach USD 81.95 billion in 2028 and register a CAGR of 10.2% over the forecast period, according to the latest report by Reports and Data. Increasing awareness of health wellbeing and high demand for antimicrobial plastics from different end-use industries is expected to drive market revenue growth in the near future. Besides, increasing concerns related to the environment would also boost the market growth.
Antimicrobial plastic is produced by using synthetic polymer materials. Antimicrobial plastic contains antimicrobial agents or integrated active ingredients. These help to fight against any microbial growth such as fungi, biofilm, bacteria, and mold. These plastics are widely used in a large number of end-use industries such as packaging, consumer goods, automotive, medical healthcare, and building construction. The medical and healthcare segment is expected to register a faster CAGR throughout the forecast period. The high demand for antibacterial polymer for medicine packaging and the surging utilization of antimicrobial plastics in medical devices are likely to drive the growth of this segment.
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Market Overview:
A substance or mixture of substances that make up an object is referred to as a material. Materials are used as inputs in manufacturing processes to create goods or more complex materials in the industry. The chemical industry is made up of businesses that manufacture industrial chemicals. Chemical reactions and refining technologies are used in this industry to convert basic resources including oil, air, water, natural gas, metals, and minerals into thousands of different products. The materials and chemicals sector trends range from solutions for lightweight, sustainability, surface engineering, 3D printing, nano-formulations (biomaterials), and developing advanced composites to meet the current industry demands.
The global Antimicrobial Plastics market research report has been formulated with extensive primary and secondary research and also covers SWOT examination and Porter’s Five Forces Analysis to offer a detailed analysis of the leading companies. The report also offers a detailed analysis of market share, market size, market volume and value, product portfolio, product development and advancement, technological upgrades, and segmentation based on types, application, end-use, and region.
Top Key Players:
DuPont, BASF SE, Avient Corporation, Microban International, Ray Products Company Inc., Parx Plastics, King Plastic Corporation, BioCote, Milliken Chemical, and Palram Industries Ltd.
Type Outlook (Revenue, USD Billion; 2018-2028)
Commodity Plastics
Engineering Plastics
High-Performance Plastics
Additive Outlook (Revenue, USD Billion; 2018-2028)
Organic
Inorganic
Application Outlook (Revenue, USD Billion; 2018-2028)
Packaging
Consumer Goods
Automotive
Medical Healthcare
Building Construction
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