The global antimicrobial plastic market size was USD 41.04 Billion in 2023 and is expected to register a revenue CAGR of 8% over the forecast period, according to the latest report by Reports and Data.
The food industry has a growing demand for packaging materials that can preserve food products for longer periods and maintain their freshness. To meet this need, there is an increasing use of antimicrobial plastics that can prevent bacterial growth and ensure the safety and purity of food during transportation and storage. This trend is expected to drive the market revenue growth of antimicrobial polymers in the food and beverage industry.
The market is witnessing a significant growth in revenue due to the increasing focus on sustainability and minimizing environmental impact. Antimicrobial polymers play a vital role in reducing the use of harmful chemicals and disinfectants, which in turn helps to reduce the environmental impact of these products. This has led to a rise in demand for antimicrobial polymers that are environmentally friendly and biodegradable.
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Some of the prominent players in the global antimicrobial plastic market include BASF SE, DowDuPont, Bayer AG, Covestro AG, LyondellBasell Industries N.V., PolyOne Corporation, Clariant AG, King Plastic Corporation, Parx Plastics NV, and LG Chem.
Some Key Highlights from the Report
- The industry of antimicrobial plastic can be classified into three product categories: commodity plastics, engineering plastics, and high-performance plastics. Among these, commodity plastics are anticipated to dominate the revenue share in the forecast period due to their extensive usage in packaging, consumer goods, and healthcare sectors. These polymers are reasonably priced, possess exceptional mechanical properties, and can be employed for producing a diverse range of products like medical equipment, water bottles, and food containers.
- The market for antimicrobial plastic has been classified based on its usage into various segments such as building construction, automotive transportation, healthcare, packaging, food beverage, textile, consumer goods, and others. It is anticipated that the consumer goods segment will dominate the market in terms of revenue during the forecast period as there is an increasing demand for antimicrobial polymers in household items, appliances, and personal care products.
- The Asia Pacific market is expected to dominate the global revenue share for antimicrobial plastic products, as they are increasingly being used in various sectors. The growth in industrialization and urbanization in countries like China, India, and Japan has led to an increase in demand for antimicrobial plastic goods. The need for such products in the region is also driven by a growing emphasis on maintaining hygiene and preventing the spread of infectious diseases. The healthcare sector is expected to be the primary driver of revenue growth in the region as more hospitals and clinics adopt antimicrobial plastic products, such as medical devices, equipment, and surfaces, for different applications.
- In 2021, LG Chem introduced 'Biosafe,' an antimicrobial plastic product produced from polyolefin resin and containing an antibacterial ingredient that helps inhibit the growth of bacteria, fungus, and viruses. The product can serve a variety of applications, such as medical devices, consumer electronics, and automotive components.
- In 2020, BASF SE and NMG Nanomaterials Deutschland GmbH established a partnership aimed at creating antimicrobial polymers that can be used in the healthcare sector. By utilizing the distinctive properties of nanoparticles, the collaboration aims to develop polymers that can help prevent the spread of infections in hospitals and other medical facilities. This strategic alliance seeks to leverage the benefits of nanotechnology to enhance infection control and patient safety in healthcare settings.
- In 2021, Bayer launched a new plastic product called 'Bayblend M850XF', which is made up of a combination of polycarbonate and Acrylonitrile Butadiene Styrene (ABS) resins. The product contains an antibacterial agent that helps to prevent the growth of bacteria and viruses, making it ideal for use in healthcare and medical settings. In summary, Bayer has introduced a plastic product that is resistant to bacterial and viral growth, suitable for use in the healthcare industry.
- In 2020, DowDuPont released a new product called "Sarcon GR25A" which is a type of plastic made from silicone resin. This plastic contains an antimicrobial component that helps prevent the growth of germs and fungi. It is particularly useful for applications that require good electrical insulation and thermal conductivity, such as medical equipment and electronic components.
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For the purpose of this report, Reports and Data has segmented the global antimicrobial plastic market on the basis of Product Outlook, End-use Outlook, and Regional Outlook:
Product Outlook (Revenue, USD Billion; 2019 - 2032)
- Commodity Plastics
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Acrylonitrile Butadiene Systems (ABS)
- Polyethylene Terephthalate (PET)
- Engineering Plastics
- Polyamide (PA)
- Polycarbonate (PC)
- Thermoplastic polyurethane (TPU)
- Others
- High Performance Plastics
End-use Outlook (Revenue, USD Billion; 2019 - 2032)
- Building Construction
- Automotive Transportation
- Healthcare
- Packaging
- Food Beverage
- Textile
- Consumer Goods
- Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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