Antimicrobial Plastics Market size to reach USD 49.93 Bn by the end of the forecast period, Emerging Trends and Regional Insights
Pune, 17, April, 2023: A global Material & Chemical business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Antimicrobial Plastics Market”, which is a combination of primary data and secondary data. According to the report, the market is to grow from USD 29.5 Bn in 2022 to USD 49.93 Bn in 2029 at a CAGR of 7.8 percent.
Antimicrobial Plastics Market Report Scope and Research Methodology
The Antimicrobial Plastics Market research provides a comprehensive market segmentation analysis along with market estimation for the period 2023-2029. The dynamics section in the report provides detailed information on the market drivers, opportunities, restraints, challenges and advantages. The report focuses on the trends and growth prospects of the Antimicrobial Plastics industry. To understand the impact of the various factors on the Antimicrobial Plastics Market, Porter’s five forces analysis is provided in the report. These factors include the bargaining power of suppliers, the competitive intensity of competitors, the threat of substitutes, the threat of new entrants and the bargaining power of buyers, which makes the Antimicrobial Plastics Market report an investor’s guide. SWOT analysis was conducted to provide the strengths and weaknesses of the Antimicrobial Plastics Market, while PORTER, PESTEL analysis was employed to understand the potential impact of macro-economic and micro-economic factors influencing the market.
Antimicrobial Plastics Market Dynamics
The market is majorly driven by the increasing demand for antimicrobial plastics from the medical and healthcare application because of the increased spending in the healthcare sector by governments of several countries. The increasing disposable income of people and rapid urbanization is also accelerating the Antimicrobial Plastics Market growth.
The factors that are hampering the growth of the market are the fluctuating prices of raw materials of antimicrobial additives and stringent environmental regulations and government policies about the use of plastics.
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Antimicrobial Plastics Market Regional Insights
The North America region is expected to grow at a high rate due to the increasing demand for non-residential building projects such as schools, hospitals and institutions.
The Antimicrobial Plastics Market in the Asia Pacific region is expected to grow at a high rate during the forecast period. This growth of the regional market is due to the growing industries that use antimicrobial plastics as feedstock for their final products such as consumer goods, medical equipment, automotive and construction materials.
Antimicrobial Plastics Market Segmentation
By Product
- Commodity Plastics
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Acrylonitrile Butadiene Systems (ABS)
- Polyethylene Terephthalate (PET)
- Engineering Plastics
- Polyamide (PA)
- Polycarbonate (PC)
- Thermoplastic polyurethane (TPU)
- Others
- High-performance Plastics
By Application
- Building & Construction
- Automotive & Transportation
- Healthcare
- Packaging
- Food & Beverage
- Textile
- Consumer Goods
- Others
Antimicrobial Plastics Key Competitors include:
- Agion Technologies Inc. (US)
- American Polyfilm Inc. (US)
- Americhem Inc. (US)
- Ray Products Company Inc. (US)
- RTP Company (US)
- Compounding Solutions LLC (US)
- Du Pont Nemours Inc. (US)
- Avient Corporation (US)
- Microban International (US)
- King Plastic Corporation (US)
- Milliken Chemical (US)
- Teknor Apex Company (US)
- Plastics Color Corporation (US)
- Porex Technologies (US)
- Polychem Alloy Inc. (US)
- Highland Plastic Inc. (US)
- Biosafe Inc. (US)
- Gelest Inc (US)
- Addmaster Limited (UK)
- Akcros Chemical (UK)
- Steritouch (UK)
- BioCote (UK)
- Doeflex Vitapol (UK)
- Lonza Group (Switzerland)
- BASF SE (Germany)
- Parx Plastics N.V. (The Netherlands)
- Covestro AG (Germany)
- Sanitized AG (Switzerland)
- Clariant International Ltd (Switzerland)
Table of Content for Global Antimicrobial Plastics Market
- Global Antimicrobial Plastics Market: Research Methodology
- Global Antimicrobial Plastics Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Antimicrobial Plastics Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Antimicrobial Plastics Market Segmentation
- Global Market, by Product (2021-2029)
- Global Market, by Application (2021-2029)
- Global Market, by End-User (2021-2029)
- Regional Antimicrobial Plastics Market (2021-2029)
- Regional Market, by Product (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Antimicrobial Plastics Market are:
- What is Antimicrobial Plastic?
- What are the global trends in the Antimicrobial Plastics Market?
- What are the upcoming industry applications and trends for the Antimicrobial Plastics Market?
- What are the factors contributing to the final price of Antimicrobial Plastics?
- What is the expected demand for different types of products in the Antimicrobial Plastics Market during the forecast period?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Antimicrobial Plastics Market?
- How is the intervention from regulatory authority is shaping the Antimicrobial Plastics Market?
- What growth strategies are the players considering to increase their presence in Antimicrobial Plastics?
- Who are the leading companies and what are their portfolios in Antimicrobial Plastics Market?
- What are the major challenges that the Antimicrobial Plastics Market could face in the future?
- Who held the largest Antimicrobial Plastics market share in 2022?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Product, Application and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
Antimicrobial Additives Market – The market size is expected to reach USD 42.38 billion by 2029 at a CAGR of 5.7 percent during the forecast period. The market is expected to be driven by the increasing use of plastic in household goods, cosmetics and others.
Antimicrobial Packaging Market – The market size is expected to reach USD 15.35 billion by 2029 at a CAGR of 5.51 percent during the forecast period. The market is expected to be driven by the rising concerns among consumers about keeping good health and hygiene.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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