Antimicrobial Plastics Market by Type, Application, and Region – Global Forecast to 2023

The antimicrobial plastics market size is estimated to grow from USD 29.6 billion in 2018 to USD 43.1 billion by 2023, at a CAGR of 7.8%. Consumer awareness about health-related issues is growing due to the increasing number of cases of nosocomial infections and epidemic outbreaks of life-threatening diseases such as H5N1 Avian influenza and H1N1 Swine flu in re times.

This has resulted in increasing demand from various sectors such as healthcare and medical for antimicrobial plastics due to their high antimicrobial activity, hardness, durability, and transparency.

They are also used in non-toxic plastic equipment. The growing demand for medical devices is likely to augment the market of antimicrobial plastics in the healthcare sector. However, volatile prices of raw materials and government regulations on the usage of plastics in certain applications are hindering the growth of the market.

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“The Final Report will cover the impact analysis of COVID-19 on this industry: Antimicrobial Plastics Market by Type, Application, and Region – Global Forecast to 2023

The high performance plastics market is growing rapidly and is expected to continue to grow in the future owing to its increasing demand from various applications such as medical and healthcare, electronics, and automotive.

The current market is backed by the high demand from APAC as well as improved regulations by regional environment associations and optimized performance of high performance plastics.

The medical and healthcare application segment is expected to hold the largest market share, in terms of volume and value, between 2018 and 2023.

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“The Final Report will cover the impact analysis of COVID-19 on this industry: Antimicrobial Plastics Market by Type, Application, and Region – Global Forecast to 2023

The medical and healthcare application leads the antimicrobial plastics market owing to consumer awareness pertaining to the use of antimicrobial plastics and incidences life-threatening diseases such as H1N1 and nosocomial infections in the recent past. Owing to the awareness, the importance of antimicrobial plastics in medical and healthcare application is expected to increase during the forecast period.

Moreover, innovation in the medical and healthcare application, for instance, the development of non-toxic plastic equipment is anticipated to fuel the growth of the antimicrobial plastics market. Other application areas of antimicrobial plastics in medical and healthcare application include surgical and medical devices such as catheters, cubicle curtains, beds, and dental implants.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the primary interviewees are as follows:
• By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
• By Designation: C-Level – 46%, Director Level – 25%, and Others – 29%
• By Region: North America – 27%, Europe – 27%, APAC – 33%, South America – 7%, and Middle East & Africa – 6%,
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall antimicrobial plastics in various segments and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, and opportunities.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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