Antimicrobial Plastics Market (By Product: Commodity Plastics, Engineering Plastics, High Performance Plastics; By End Use: Automotive and Transportation, Packaging, Healthcare, Building and Construction, Packaging, Textile, Consumer Goods, Others; By Application: Refining & Petrochemical, Metals, Power Generation, Others; By Additive: Inorganic, Organic) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024 – 2033
The global antimicrobial plastics market size was estimated at USD 54 billion in 2023 and it is expected to hit USD 116.58 billion by 2033 with a registered CAGR of 8% during the forecast period 2024 to 2033.
To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics
The Asia Pacific antimicrobial plastics market size was estimated at USD 22.37 billion in 2023 and is predicted to be worth around USD 50.71 billion by 2033, at a CAGR of 8.5% from 2024 to 2033.
Asia Pacific dominated the global antimicrobial plastics market, garnering a market share of 41.42% in 2023. Asia Pacific is the home to the world’s largest population and the demand for the various consumer goods and food and beverages products is higher in the region. The rising prevalence of various infectious diseases like Swine Flu and COVID-19 has significantly fostered the demand for the antimicrobial plastics in the healthcare and the food and beverages industry. The rising penetration of the food processing and packaged food companies is fostering the adoption of the antimicrobial plastics for food packaging. The rapidly growing population and rising demand for the packaged food in Asia Pacific is expected to boost the market growth in the foreseeable future.
Moreover, the presence of huge population led to the increased number of COVID-19 cases in this region. This has significantly augmented the demand for the various medical components and medical devices across countries in the Asia Pacific region in 2020. The strong economic growth in the nations like China and India is expected to further fuel the demand for the antimicrobial plastics and boost the market growth. Furthermore, the significantly growing automotive, aerospace, textile, and packaging industries in the Asia Pacific nations is expected to have a significant impact on the market growth during the forecast period and hence Asia Pacific is also estimated to be the fastest-growing region in the global antimicrobial plastics market.
The COVID-19 pandemic in North America and Europe was a major factor that gained consumers attention towards the antimicrobial plastics to be used in various end use verticals. The significant rise in the various medical components and intensive care medical devices in the North American and European countries in 2020 and 2021 has significantly contributed to the growth of the antimicrobial plastics market.
The North America antimicrobial plastics market size was calculated at USD 13.02 billion in 2023 and is projected to expand around USD 29.84 billion by 2033, poised to grow at a CAGR of 8.6% from 2024 to 2033.
Year | Market Size (USD Billion) |
2023 | 13.02 |
2024 | 14.15 |
2025 | 15.38 |
2026 | 16.71 |
2027 | 18.16 |
2028 | 19.72 |
2029 | 21.43 |
2030 | 23.28 |
2031 | 25.29 |
2032 | 27.48 |
2033 | 29.84 |
The global antimicrobial plastics market is primarily driven by the growing demand from the food and beverages, healthcare, and packaging industries across the globe. The increased consumer awareness about hygiene owing to the outbreak of the COVID-19 disease in 2020 is expected to drive the demand for the antimicrobial plastics during the forecast period. Rising incidences of infectious diseases among the global population is boosting the adoption of the antimicrobial plastics in the food and beverages industry. The surging usage of antimicrobial plastics as a substitute for the conventional materials in the healthcare sector for production of several medical instruments like anesthetic machines and ventilators due to their pathogen inhibiting feature is significantly driving the demand for the antimicrobial plastics across the healthcare sector. The antimicrobial plastics restrict the growth of the pathogens like bacteria, algae, and fungi and it has excellent properties of resisting moisture. This is a major factor behind its increased adoption in the food and beverages industry.
The antimicrobial additives used in the plastics helps in extending the functional life of the plastics and restrict the bacteria growth that causes quick degradation of the plastic. Therefore, the increased durability, high suitability, odorless, and stainless are some of the major features of the antimicrobial plastics that has led to the significant growth of the antimicrobial plastics market growth across the globe.
The rising investments in the research and development by the antimicrobial additives manufacturers towards the development of the advanced technology is expected to offer grow opportunity and competitive edge to the market players. For instance, in April 2020, Polyfuze Graphics Corp. launched a line of polymer fusion products that has antimicrobial agents. The rising number of developmental strategies adopted by the market players will significantly impact the market growth during the forecast period. Moreover, the higher impact strength, chemical resistance, better biocompatibility, and moisture resistance properties of the polyethylene and polypropylene antimicrobial plastics has played a crucial role in the growth of the antimicrobial plastics market in the past few years.
Antimicrobial Plastics Market Scope
Report Coverage | Details |
Antimicrobial Plastics Market Size in 2023 | USD 54 Billion |
Antimicrobial Plastics Market Size by 2033 | USD 116.58 Billion |
Growth Rate from 2024 to 2033 | CAGR of 8% |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | By Product, By End Use, By Application, and By Additive |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Depending on the end use, the healthcare segment accounted for a market share of 32% and dominated the global antimicrobial plastics market in 2023. The rising incidences of various chronic and infectious diseases, rapidly ageing population, and increasing number of hospital admissions are the major factors that are boosting the demand for the medical devices across the globe. The growing preference for home healthcare owing to the low costs as compared to the hospital settings is driving the demand for the various intensive care medical devices and hence it is expected to boost the demand for the antimicrobial plastics in the healthcare sector.
The outbreak of the COVID-19 pandemic in 2020 has fueled the demand for the medical components such as testing equipment, gloves, masks, and ventilators, which has significantly driven the growth of the antimicrobial plastics market across the globe. The rapid surge in the COVID-19 cases in various nations like China, US, UK, India, Germany, France, and Italy had boosted the demand for the medical components that contributed to the growth of the antimicrobial plastics market.
Food and beverages is expected to be the most opportunistic segment during the forecast period. The rising penetration of the various food and beverage companies across the developing regions, rising awareness regarding hygiene, and growing health consciousness are the major factors that are fueling the adoption of the antimicrobial plastics in the global food and beverages industry.
Based on product, the commodity plastic segment accounted for a market share of 69% and led the global antimicrobial plastics market in 2023. The surging applications of the across various end use verticals such as packaging, healthcare, food and beverages, and consumer goods industries has led to the significant growth of the commodity plastic segment. This rapid adoption of the commodity plastic in the different industries is attributed to the rising consumer awareness regarding personal hygiene and shifting lifestyle of the consumers across the globe.
The recent outbreak of the COVID-19 disease in 2020 and its rapid spread across the globe has significantly stipulated the manufacturers and consumers in various industries to adopt the use of antimicrobial plastics. A rapid shift in the buying behavior of the consumers has been observed since COVID-19 pandemic. Consumers are now opting for healthier, sustainable, and trustworthy products. The shifting buyer behavior and structural changes in the global consumer goods industry is expected to boost the demand for antimicrobial plastics during the forecast period.
Segments Covered in the Report
By Product
By End Use
By Application
By Additive
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Antimicrobial Plastics Market
5.1. COVID-19 Landscape: Antimicrobial Plastics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Antimicrobial Plastics Market, By Product
8.1. Antimicrobial Plastics Market, by Product Type, 2024-2033
8.1.1. Commodity Plastics
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Engineering Plastics
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. High Performance Plastics
8.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Antimicrobial Plastics Market, By End Use
9.1. Antimicrobial Plastics Market, by End Use, 2024-2033
9.1.1. Automotive and Transportation
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Packaging
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Healthcare
9.1.3.1. Market Revenue and Forecast (2021-2033)
9.1.4. Building and Construction
9.1.4.1. Market Revenue and Forecast (2021-2033)
9.1.5. Packaging
9.1.5.1. Market Revenue and Forecast (2021-2033)
9.1.6. Textile
9.1.6.1. Market Revenue and Forecast (2021-2033)
9.1.7. Consumer Goods
9.1.7.1. Market Revenue and Forecast (2021-2033)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Antimicrobial Plastics Market, By Application Type
10.1. Antimicrobial Plastics Market, by Application Type, 2024-2033
10.1.1. Refining & Petrochemical
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Metals
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Power Generation
10.1.3.1. Market Revenue and Forecast (2021-2033)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 11. Global Antimicrobial Plastics Market, By Additive Type
11.1. Antimicrobial Plastics Market, by Additive Type, 2024-2033
11.1.1. Inorganic (Silver, Copper, and Zinc)
11.1.1.1. Market Revenue and Forecast (2021-2033)
11.1.2. Organic (Oxybisphenoxarsine (OBPA), Triclosan, and others)
11.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 12. Global Antimicrobial Plastics Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2021-2033)
12.1.2. Market Revenue and Forecast, by End Use (2021-2033)
12.1.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.1.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2021-2033)
12.1.5.2. Market Revenue and Forecast, by End Use (2021-2033)
12.1.5.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.1.5.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2021-2033)
12.1.6.2. Market Revenue and Forecast, by End Use (2021-2033)
12.1.6.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.1.6.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2021-2033)
12.2.2. Market Revenue and Forecast, by End Use (2021-2033)
12.2.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.2.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2021-2033)
12.2.5.2. Market Revenue and Forecast, by End Use (2021-2033)
12.2.5.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.2.5.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2021-2033)
12.2.6.2. Market Revenue and Forecast, by End Use (2021-2033)
12.2.6.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.2.6.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2021-2033)
12.2.7.2. Market Revenue and Forecast, by End Use (2021-2033)
12.2.7.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.2.7.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2021-2033)
12.2.8.2. Market Revenue and Forecast, by End Use (2021-2033)
12.2.8.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.2.8.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2021-2033)
12.3.2. Market Revenue and Forecast, by End Use (2021-2033)
12.3.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.3.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2021-2033)
12.3.5.2. Market Revenue and Forecast, by End Use (2021-2033)
12.3.5.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.3.5.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2021-2033)
12.3.6.2. Market Revenue and Forecast, by End Use (2021-2033)
12.3.6.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.3.6.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2021-2033)
12.3.7.2. Market Revenue and Forecast, by End Use (2021-2033)
12.3.7.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.3.7.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2021-2033)
12.3.8.2. Market Revenue and Forecast, by End Use (2021-2033)
12.3.8.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.3.8.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2021-2033)
12.4.2. Market Revenue and Forecast, by End Use (2021-2033)
12.4.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.4.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2021-2033)
12.4.5.2. Market Revenue and Forecast, by End Use (2021-2033)
12.4.5.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.4.5.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2021-2033)
12.4.6.2. Market Revenue and Forecast, by End Use (2021-2033)
12.4.6.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.4.6.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2021-2033)
12.4.7.2. Market Revenue and Forecast, by End Use (2021-2033)
12.4.7.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.4.7.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2021-2033)
12.4.8.2. Market Revenue and Forecast, by End Use (2021-2033)
12.4.8.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.4.8.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2021-2033)
12.5.2. Market Revenue and Forecast, by End Use (2021-2033)
12.5.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.5.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2021-2033)
12.5.5.2. Market Revenue and Forecast, by End Use (2021-2033)
12.5.5.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.5.5.4. Market Revenue and Forecast, by Additive Type (2021-2033)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2021-2033)
12.5.6.2. Market Revenue and Forecast, by End Use (2021-2033)
12.5.6.3. Market Revenue and Forecast, by Application Type (2021-2033)
12.5.6.4. Market Revenue and Forecast, by Additive Type (2021-2033)
Chapter 13. Company Profiles
13.1. Parx Materials N.V
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Ray Products Company Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Covestro AG
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. King Plastic Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Palram Industries Ltd.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Clariant AG
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Sanitized AG
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Dow Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Lonza
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client