Analysis by Additive (Organic, and Inorganic); by Type (Commodity Plastics, Engineering Plastics, High-Performance Plastics, and Others); by Application (Bottle Manufacturing, Medical Equipment, Food Packaging, Building & Construction, Coating, Electrical & Electronics, and Others); and by End-User (Healthcare, Packaging, Consumer Goods, Sports & Leisure, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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The global antimicrobial plastics market is estimated to garner a revenue of ~USD 99 Billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 39 Billion in the year 2022. The growth of the market is primarily attributed to its rapidly growing demand in applications i.e., medical, sports, and food and beverage packaging. As per a report published by the United States Environmental Protection Agency (EPA), the production of packaging and plastic containers reached about 14.5 million tons in 2018. Furthermore, the significant expansion in healthcare industry is another key aspect which is boosting the growth of the antimicrobial plastics over the projected time frame.
Since this plastic is less expensive than usual plastic, thus it is used in a wide range of applications. The COVID-19 outbreak has influenced the global economy as well as different industry verticals too. The ever-increasing patients’ population caused by the pandemic outbreak, and awareness regarding hygiene in people, are increasing the demand for various medical equipment. This is expected to escalate the demand for antimicrobial plastics in the healthcare sector. For instance, since the coronavirus (COVID-19) occurrence, approximately 885,000 more ventilators were needed worldwide in March 2020. Whereas, the United States had 77,000 ventilators short, while the five EU nations including Germany, France, Italy, and the United Kingdom were short of 76,000 ventilators. Additionally, the moisture resistance ability of antimicrobial plastic is a further factor which is fueling up the growth of the market over the forecast period.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~10% |
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Base Year Market Size (2022) |
~USD 39 Billion |
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Forecast Year Market Size (2033) |
~ USD 99 Billion |
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Regional Scope |
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Growth Drivers
Worldwide Rising Consumption of Bottled Drinking Water – As a result of increased travelling, sporting, and keeping the body hydration on a right point, the demand for bottled water has increased a lot. Bottled water is an important alternative to other packaged beverages, which are often less healthy. For instance, in 2020, Americans consumed approximately 16 billion gallons of bottled water, that denotes a 4% increase over 2019.
Rising Consumer Health Awareness - For instance, on a regular basis, nearly 49% of global consumers made proactive health and wellness choices by 2021.
Growth in Textile Industry – As per the data, the global textile industry is predicted to grow at a rate of 4 to 6% per year for the upcoming few years and is estimated to be worth around USD 1.7 trillion.
Escalation in Beverage Industry - The beverage industry in the United States is estimated to be worth USD 145 billion by the mid of 2022.
Upsurge in Urbanization – As per the United Nations, around 55% of the world’s total population was living in urban areas by the end of 2018, and this percentage is expected to rise to 68% by 2050.
Challenges
The global antimicrobial plastics market is segmented and analyzed for demand and supply by end-user into healthcare, packaging, consumer goods, sports & leisure, and others. Out of these, the healthcare segment is anticipated to hold the largest share by the end of 2033. The growth of the healthcare segment during the forecast period is on the back of the growing health infrastructure, followed by the increasing occurrences of cardiovascular diseases, and rising aging population across the world which is leading the demand for various types of medical devices. Furthermore, a sudden rise in epidemic outbreaks such as COVID-19, H5N1 Avian influenza, and H1N1 Swine flu which demand intensive care and significant effectiveness in medical devices against microbial growth is also a major factor to increase the growth of the segment over the forecast period. As per the data provided by the World Health Organization (WHO), as of August 2022, there had been 581.8 million confirmed COVID-19 cases and 6.4 million deaths worldwide.
The global antimicrobial plastics market is also segmented and analyzed for demand and supply by type commodity plastics, engineering plastics, high-performance plastics, and others. Amongst these segments, the commodity plastics segment is anticipated to hold the largest market revenue by the end of 2033. This growth can be attributed to its growing use in healthcare, consumer goods, packaging, and food & beverage industry. An increase in consumer awareness of personal hygiene and shifting consumer lifestyles around the world are two major factors driving product demand in these end-use industries. Antimicrobial plastics are known to have improved bio-compatibility, moisture resistivity, along with high impact strength which is also estimated to increase its demand in various end-user industry.
Our in-depth analysis of the global antimicrobial plastics market includes the following segments:
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By Additive |
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By Type |
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By Application |
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By End-User |
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The Asia Pacific antimicrobial plastics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033 backed by the growth of major end-use industries such as packaging, automotive & transportation, healthcare, and beverage, along with the rising intake of packaged food items in the region. For instance, packaging consumption in India has surged around 202% over the last decade, from 4 kgs per person per annum (pppa) to 7 kgs pppa. With an annual growth rate of 27%, the industry is projected to reach USD 205.81 billion by 2025, up from USD 51 billion in 2019.
Covestro AG, Covestro invested in the production of more sustainable polycarbonates in the Asia Pacific. Through this investment, the Asia Pacific region is estimated to receive over 60,000 tons per year of recycled polycarbonates by 2026 from the region.
SANITIZED AG, has introduced a new water-based product under the expansion of its Sanitized BroadtecTM product line: Sanitized PL 19-30. With BPR-compliant active ingredients, this product protects coatings against all significant microorganisms.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Worldwide rising consumption of bottled drinking water, rising consumer health awareness, growth in textile industry, and escalation in beverage industry are some major factors driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023 – 2033.
Ans: Stringent laws of government over plastic use, availability of raw materials for antimicrobial plastics, and instability in raw material prices are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Parx Materials NV, Covestro AG, King Plastic Corporation, DuPont de Nemours, Inc., Microban International, Ltd., SANITIZED AG, Avient Corporation, Milliken & Company, Lonza Group Ltd., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by additive, type, application, end-use, and by region.
Ans: The healthcare segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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