Plastic is used as a substitute for conventional materials such as glass, wood, and metal. Antibacterial plastic is a type of plastic that exhibits the ability to kill or prevent the growth of microorganisms such as molds, viruses, algae, and bacteria which can contaminate the plastic. Moreover, antimicrobial plastics are in demand as they are long lasting, more hygienic to use, prevents biofilm formation, and protection against stain, and bad odor. In addition, antimicrobial plastic is cost-effective as compared to normal plastic, hence it is used in a variety of applications.
Factors such as increase in demand from the packaging & healthcare sectors, rapid urbanization, and rise in spending power boost the growth of the market. In addition, increase in awareness about hygiene, improving lifestyles, replacement of conventional materials by plastics further drive the antimicrobial plastics market. Moreover, antimicrobial plastics offer chemical stability, heat & chemical resistance, high dimensional stability and improved mechanical properties. Also, the market is driven by the rise in demand for antimicrobial plastics in the end-use industry such as building & construction, consumer goods, automotive, and packaging. However, factors such as stringent environmental regulations and government policies about use of plastics hamper of the antimicrobial plastics market growth. Increase in investments into research & development (R&D) for better quality and low manufacturing cost are the factors anticipated to create antimicrobial plastics market opportunities. Volatile raw material prices is a challenge for the global antimicrobial Plastics industry.
The global antimicrobial plastics market is segmented into type, application, end user, and region. Based on type, the market is further divided into high performance plastic, engineering plastic, commodity plastic, and others. In future, the high performance plastics market is growing due to its increase in demand from medical and healthcare segment. Based on application, it is further classified into bottle, food packaging, medical equipment, coating, and others. Antimicrobial plastics find large application in food packaging due to increase in awareness about hygienic food. The global antimicrobial plastics market is segmented based on end-use industry as medical & healthcare, packaging, electrical & electronics, automotive, building & construction, food & beverage, and others. The increase in fear of infection and awareness about the use of antimicrobial plastics leads to rise in its usage in the medical and healthcare industry. Hence, the medical and healthcare segment dominates antimicrobial plastics market growth. Also, infection risks in dental & hospital equipment, nosocomial infections, microbial contamination, and healthcare-associated infections boost the growth of the market.
Based on region, the global antimicrobial plastic market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the antimicrobial plastics market include The Dow Chemical Company, Milliken Chemical, Biocote, BASF SE, Ticona Engineering Polymers, Bayer MaterialScience AG, Parx Plastics N.V., Doeflex Vitapol, King Plastic Corporation, and Microban International.
KEY BENEFITS FOR STAKEHOLDERS:
- The market size has been analyzed across all regions.
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets. The market is forecasted.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
- The market analysis covers in-depth information of major industry participants.
Antimicrobial Plastics Market Report Highlights
By END-USE INDUSTRY
Key Market Players
Microban International, BASF SE, Bayer MaterialScience AG, Milliken Chemical, Ticona Engineering Polymers, King Plastic Corporation, Biocote, Doeflex Vitapol, Parx Plastics N.V., The Dow Chemical Company