Antimicrobial Plastics Market

Antimicrobial Plastics Market Outlook (2022-2032)

The antimicrobial plastics industry analysis reveals that global demand for antimicrobial plastic registered year-on-year (Y-o-Y) growth of 4.1% in 2021. All in all, the global antimicrobial plastics market is predicted to expand rapidly at 7.2% CAGR and reach US$ 73.24 billion by 2032.

Report Attributes	Details
Antimicrobial Plastics Market Size (2021A)	US$ 34.65 Billion
Estimated Market Value (2022E)	US$ 36.54 Billion
Forecasted Market Value (2032F)	US$ 73.24 Billion
Global Market Growth Rate (2022-2032)	7.2% CAGR
North America Market Share (2021)	32%
North America Growth Rate (2022-2032)	7.1% CAGR
U.S. Growth Rate (2022-2032)	7.1% CAGR
Top 5 Companies’ Market Share	60.6%
Key Companies Profiled	Dow Chemicals Milliken Chemicals Biocote BASF SE Ticona Engineering polymers Bayer material science Parx plastic N.V Doeflex Vitapol King plastic corporation Microban international

Of the total plastic consumption, antimicrobial plastics currently account for less than 2%, which, over the span of the next ten years, is projected to increase to 5% of total plastic demand. Commodity plastic is anticipated to account for nearly 47% market value during.

The packaging category grew 9.2% to reach US$ 8.94 billion in 2022, while the commodity plastic category, which is the largest segment, increased 7.4% to top US$ 17 billion.

Antimicrobial technology, or antimicrobials additives, are added to plastic to protect it from harmful bacteria. When bacteria come in contact with antimicrobial additives, it is prevented from growing or producing energy, and gets killed.

Polymers such as polyethylene and polypropylene are used in many industries, from toys to cars. The need for antimicrobial additives is increasing in the medical sector, in situations where medical ventilators, medical instruments and storage is required and is non-negotiable. With a growing rate of hospital-associated infections, demand for antimicrobials is set to surge.

High performing antimicrobial plastics can be created using Microban. This has over 25 approved technologies that can be formulated into powders or liquids. Antimicrobial plastics accounted for nearly 8% of the global plastics market in 2021, and this penetration is expected to only increase over the coming years.

Antimicrobial Plastics Consumption Analysis (2017-2021) Vs. Market Outlook (2022-2032)

Latest market analysis by Fact.MR, a market research and competitive intelligence provider, reveals that market value for antimicrobial plastic over the past half-decade increased at a CAGR of around 5.9%. Commodity plastic accounts for the highest share, which is mainly used in the packaging industry.

Polypropylene are the most common plastic used in the automotive sector. Polypropylene is used in bumpers and cable insulations. Polyurethane is used in foam seating, insulation panels, and electrical components. Plastic is used in this industry to improve fuel efficiency. Cars made today are typically 100 kilograms of plastic.

Environmental concerns have made the production of fuel-efficient cars a high priority in the industry. In addition, plastic has many more advantages in the automotive industry, such as extended vehicle life, greater safety, and greater comfort.

Growing use of plastics in packaging as well as other applications such as photographs, electronics, and pharmaceuticals are other major factors driving demand for commodity plastic.

However, rising environmental concerns over plastic waste and governmental restrictions on the use of plastic in the packaging industry are expected to slow down the growth of the commodity plastics market.

What are the Predicted Demand Drivers for Antimicrobial Plastics?

“Low Cost & Reusability of Commodity Plastic”

In today’s world, plastic can be found everywhere, from shopping bags to clothing. Commodity plastic is used in the film for packaging, photo and magnetic tapes, clothing, beverages, and many household products.

Commodity plastics have low mechanical properties, are low cost, and are reusable. These plastics are mainly made from polyethylene and polypropylene, and account for more than 90% of global plastic consumption.

Use of plastic has tripled over the last decade, which makes it more important to reduce and recycle plastic waste. Recycling efforts vary from country to country. Germany recycles nearly 99% of its plastic, providing a sustainability approach in the country.

Country-Wise Analysis

Why is There High Consumption of Antimicrobial Plastics in the U.S.?

By revenue, the United States dominates the global antimicrobial plastics market. By 2032, the market is predicted to have grown 2X. Increasing demand from packaging, automotive, medical, and healthcare sectors will boost the U.S. antimicrobial plastics market.

Many people in the United States travel by automobiles for more than 10 hours a week, which is an enclosed place having a number of touchpoints. Due to this, travellers may get exposed to bacteria. Typical touchpoints include door handles, seats, and the steering wheel. 43% of people in the U.S. travel at least once a week.

Due to COVID-19, hygienic vehicles are becoming important to vehicle owners as well as those who share rides. This is where the use of antimicrobial plastic becomes necessary as it helps prevent in bacteria from growing and producing self-energy.

The United States holds more than 90% share in the North America antimicrobial plastics market, and is estimated to reach US$ 21.74 billion by 2032.

How is the U.K. Antimicrobial Plastics Market Faring?

In terms of revenue, the United Kingdom holds the highest market share in the European antimicrobial plastic market. By 2032, the market is predicted to expand 2X.

Use of plastic in food products such as packaged fruits and meat products, crisp packets, films, and carrier bags has remained unchanged for many years. The United Kingdom recycles nearly 60% of its plastic. Plastics that are bio-based partially or completely are made from raw materials that have been produced from biomass instead of fossil fuels.

The United Kingdom holds 18.4% share in the antimicrobial plastics market in Europe, and is estimated to reach US$ 3.95 billion by 2032.

Category-Wise Analysis

Which Antimicrobial Plastics Type Will Remain the Most Popular?

Demand for commodity plastic is projected to expand at a CAGR of 7.4% to reach a market valuation of US$ 34.68 billion by 2032.

Commodity plastics are used in everyday life, and are produced in large volumes across the world where exceptional materials are not needed. Commodity plastics are used in larger volumes in households, such as in disposable cups, disposable plates, trash, containers, clothing, and many others.

In comparison to engineering plastic, commodity plastics are less expensive to produce and need weak mechanical properties. Polyethylene, polypropylene, and polystyrene are some of the examples of commodity plastics.

Engineering plastics have better mechanical properties and dimensions than that of commodity plastics. Engineering plastics are used in building and construction, transportation, and electrical industrial machinery.

Demand for engineering plastic is expected to increase at a CAGR of 7.8% and reach US$ 26.29 billion by 2032.

Where is Antimicrobial Plastics Usage the Highest?

Packaging application is anticipated to dominate the consumption of antimicrobial plastic and record a CAGR of 9.2% to reach US$ 21.49 billion by 2032. Automotive application is expected to increase at a CAGR of 8% to reach US$ 16.77 billion by 2032.

Plastic is used widely for packaging. Antimicrobial plastics is used to increase the functional lifetime of plastic. Once manufactured to material, antimicrobial will work to minimize the presence of bacteria that can cause the plastic to reduce its functional use quicker.

Based on application, it is further classified into packaging, automotive, consumer goods, medical and healthcare, and construction. Plastic is very light in weight and strong, which makes it easy to transport. In construction, plastic is used for seals, windows, doors, pipes, and cables.

Antimicrobial plastics in building and construction is anticipated to increase 1.9X its current market valuation by 2032.

Competition Landscape

Dow Chemicals, Milliken chemicals, Biocote, BASF SE, Ticona engineering polymers, Bayer material science, Parx plastic N.V, Doeflex vitapol, King plastic corporation, and Microban Internationals are major manufacturers of antimicrobial plastic.

Companies have plans to reduce plastic waste by recollecting 1 million tons of plastic to be reused and recycled. Recycling, incineration, bioremediation, and landfills are some of the strategies adopted by companies. A range of antimicrobial technologies using silver and polymer solutions to fight infection and development of bacteria on contact surface are being resorted to.

Fact.MR has provided detailed information about the overall strategies adopted by players in the antimicrobial plastic market, along with their detailed overviews of commodity plastic, engineering plastic, and high performance plastics, including SWOT analysis and revenues generated from the targeted antimicrobial plastic products of top manufacturers positioned across the globe, in addition to sales growth information, production capacity, and speculative production expansion, in the recently published report.

Key Segments of Antimicrobial Plastic Industry Research

• Antimicrobial Plastic Market by Type :

  • Commodity Plastic
  • Engineering Plastic
  • High Performance Plastic

• Antimicrobial Plastic Market by Application :

  • Packaging
  • Automotive
  • Consumer Goods
  • Medical and Healthcare
  • Building and construction
  • Other Applications

• Antimicrobial Plastic Market by Region :

  • North America Antimicrobial Plastic Market
  • Latin America Antimicrobial Plastic Market
  • Europe Antimicrobial Plastic Market
  • East Asia Antimicrobial Plastic Market
  • South Asia & Oceania Antimicrobial Plastic Market
  • MEA Antimicrobial Plastic Market