The global antimicrobial plastics market has the potential to grow by USD 9.6 billion during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and type (commodity plastics, engineering plastics, and high-performance plastics). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including BASF SE, Bayer AG, Clariant International Ltd., DuPont de Nemours Inc., Highland Plastics Inc., King Plastic Corp., Lonza Group Ltd., Parx Plastics NV, PolyOne Corp., and Teknor Apex Co. Inc.
Market Overview
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Market Competitive Analysis
The market is concentrated, and the degree of concentration will increase during the forecast period. Market vendors are focusing on the development of technologies that can maintain the quality levels for products requiring antimicrobial protection. BASF SE, Bayer AG, and Clariant International Ltd. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, environmental concerns related to plastic waste will challenge the growth of the market participants. To increase their antimicrobial plastics market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this antimicrobial plastics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this antimicrobial plastics analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading antimicrobial plastic manufacturers, including:
- BASF SE
- Bayer AG
- Clariant International Ltd.
- DuPont de Nemours Inc.
- Highland Plastics Inc.
- King Plastic Corp.
- Lonza Group Ltd.
- Parx Plastics NV
- PolyOne Corp.
- Teknor Apex Co. Inc.
Antimicrobial Plastics Market: Segmentation by Region
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APAC is one of the largest markets for antimicrobial plastics, and the region will offer several growth opportunities to market vendors during the forecast period. The rapid growth of end-user industries, such as food and beverages and personal care will be a significant factor contributing to the antimicrobial plastics market growth in this region.
Almost 49% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for antimicrobial plastics in APAC. Market growth in this region will be faster than the growth of the market in other geographies.
Antimicrobial Plastics Market: Segmentation by Type
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Commodity plastics are widely used in the packaging industry because of its various beneficial properties, such as high strength, durability, toughness, moisture barrier, electrical resistance, and resistance to chemical attacks, solvents, and heat. The rising demand for rigid plastic packaging will be a significant factor in driving the growth of the antimicrobial plastics market in the commodity plastics segment.
However, market growth in this segment will be slower than the growth of the market in other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the antimicrobial plastics market size.
Antimicrobial Plastics Market: Key Drivers and Trends
The increasing demand for packaged food and beverages will be a significant factor driving the growth of the antimicrobial plastics market. The demand for packed, ready-to-eat, and microwaveable food products is increasing from developing countries, such as India, China, and Brazil. Hence, food and beverage manufacturers are increasingly adopting new packaging methods and advanced packaging materials, such as antimicrobial plastics. The use of antimicrobial plastics as packaging materials will allow food and beverage manufacturers to enhance the shelf life of their products. Antimicrobial plastics also exhibit several beneficial properties, such as high tensile strength, durability, and high resistance to heat, humidity, gas, and chemicals. Moreover, antimicrobial plastics act as an aroma barrier, resist puncture and reduce the overall weight of packaging. These factors will boost the demand for antimicrobial plastics fueling market growth.
- The increasing adoption of bio-based antimicrobial plastics will be one of the critical antimicrobial plastics market trends.
- The growing environmental concerns, government regulations, and rising need for waste management have boosted the demand for biopolymer-based antimicrobial plastics.
- Bio-based antimicrobial plastics are made from biomass comprising of materials, such as corn, wheat, and sugarcane.
- Bio-based antimicrobial plastics are being preferred over petroleum-based resins because of their ability to significantly reduce emissions and the overall carbon footprint.
- The availability of abundant raw materials for manufacturing bioplastics and eco-friendly initiatives undertaken by corporates will further boost the popularity of bio-based antimicrobial plastics.
- The emergence of bioplastics and continuous product development by polymer manufacturers will have a positive impact on the growth of the antimicrobial plastics market.
- During 2019-2023, the antimicrobial plastics market will grow at a CAGR of over 7%.
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Antimicrobial Plastics Market: Key Highlights of the Report for the Forecast Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the antimicrobial plastics market during the next five years
- Precise estimation of the global antimicrobial plastics market worth and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the antimicrobial plastics industry across the APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of antimicrobial plastics vendors
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