The global antimicrobial plastics market size is expected to be worth around US$ 50.2 billion by 2030, according to a new report by Vision Research Reports.
The global antimicrobial plastics market size was valued at US$ 27.5 billion in 2020 and is anticipated to grow at a CAGR of 9.9% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 50.2 billion by 2030 |
| Growth Rate | CAGR of 9.9% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, End use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | BASF SE; Parx Materials N.V; Ray Products Company Inc.; Covestro AG; King Plastic Corporation, Palram Industries Ltd., Clariant AG, Sanitized AG, Dow Inc., Lonza |
Growth Factors
Increasing product demand from the packaging, healthcare, consumer goods, and a few other application industries is expected to propel market growth. Moreover, the rising complex epidemiological situation such as COVID -19, microbial contamination, nosocomial infections, Healthcare Associated Infections (HAIs) are expected to be a key driver for the market. The healthcare segment witnessed high penetration and accounts for a majority of the revenue share in the market. The increasing penetration in the food and beverages, packaging, and healthcare end-use industry is expected to be the major driver of the market over the forecast period.
Key Players
Market Segmentation
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