Antimicrobial Plastic Market to be Worth $73.7 Billion by 2030: Grand View Research, Inc.

Read 140-page full market research report, "Antimicrobial Plastic Market Size, Share & Trends Analysis Report By Product (Commodity Plastics, Engineering Plastics, High-performance Plastics), By End Use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. Read 140-page full market research report, " Antimicrobial Plastic Market Size, Share & Trends Analysis Report By Product (Commodity Plastics, Engineering Plastics, High-performance Plastics), By End Use, By...

Read 140-page full market research report, "Antimicrobial Plastic Market Size, Share & Trends Analysis Report By Product (Commodity Plastics, Engineering Plastics, High-performance Plastics), By End Use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Antimicrobial Plastic Market Growth & Trends

The healthcare segment has shown high penetration rates and it accounted for the majority of revenue share in 2021. This can be explained by the strong demand for antimicrobial plastics for the production of sterilized and infection-preventing products such as surgical cables, tubes, and orthopedic sutures. In addition, growing consumer health awareness, an increase in the elderly population in countries such as Japan, China, and the United States, and growing demand for high-quality medical equipment are expected to drive the market.

Companies in the market compete based on the quality of the products they offer and the technology used to produce antimicrobial plastics. Major players are engaging in mergers and acquisitions, expanding their manufacturing capacity, developing infrastructure, investing in R&D centers, and looking for vertical integration opportunities along the entire value chain. These initiatives help them meet growing global demand, stay competitive, improve sales and operations planning, develop innovative products and technologies, reduce manufacturing costs, and expand their customer base.

In February 2021, Sanitized AG introduced a new product to its existing BroadTect portfolio. This product provides protection to polymers against a wide range of microorganisms including gram-positive and gram-negative bacteria, mold and mildew, yeasts, and algae. It has higher temperature resistance and is suitable for thermoplastic processing methods such as extrusion and injection molding and thermoplastic polymers such as polyethylene (PE), polypropylene (PP), thermoplastic polyurethane (TPU), ethylene-vinyl acetate (EVA), polyvinyl chloride (PVC), and rubber.

Similarly, in March 2020, Covalon Technologies Ltd. formulated a new antimicrobial technology "CovaGuard" to kill coronavirus and other viruses and pathogens present on the surface of the polymers by using active antiviral and antimicrobial agents. This technology is capable of trapping, deactivating, and killing viruses over an extended period. This new technology will help in reducing the spread of coronavirus; protecting first responders, healthcare workers, and patients; and strengthening the company's position in the healthcare industry.

Antimicrobial Plastic Market Segmentation

Grand View Research has segmented the global antimicrobial plastic market on the basis of product, end-use, and region

Antimicrobial Plastic Market - Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Antimicrobial Plastic Market - End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Antimicrobial Plastic Market - Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

List of Key Players in Antimicrobial Plastic Market

Check out more related studies published by Grand View Research:

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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