Antimicrobial Plastics Market Size to Reach USD 81.95 Billion at a CAGR of 10.2% by 2030 | Reports and Data

The global Antimicrobial Plastics 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 are expected to drive market revenue growth in the near future. Besides, increasing concerns related to the environment would also boost 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. Medical and healthcare segment is expected to register a faster CAGR throughout the forecast period. High demand for antibacterial polymer for medicine packaging and surging utilization of antimicrobial plastics in medical devices are likely to drive growth of this segment.

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Top Lading Players: DuPont, BASF SE, Avient Corporation, Microban International, Ray Products Company Inc., Parx Plastics, King Plastic Corporation, BioCote, Milliken Chemical, and Palram Industries Ltd.

Some Key Highlights from the Report:

• In March 2021, Parx Materials launched an additive technology, Saniconcentrate. This technology is designed to produce antimicrobial plastics that can resist growth of harmful bacteria and viruses.
• Commodity plastics segment accounted for the largest revenue share in global market in 2020. Rising awareness of antimicrobial plastics and increasing usage of antimicrobial plastics in medical tools & devices are likely to propel growth of this segment in the near future.
• North America is expected to register significant revenue growth over the forecast period. Rising awareness of environment & health and rapid technological advancements, especially in the U.S. and Canada are set to bolster market revenue growth in this region over the forecast period.

Segments covered in the report:

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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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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Automotive Plastic Market https://www.reportsanddata.com/report-detail/automotive-plastic-market

Microbial and Bacterial Cellulose Market https://www.reportsanddata.com/report-detail/microbial-and-bacterial-cellulose-market

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