Antimicrobial Plastic Market estimated to reach beyond 16.17 Billion USD by 2020


Posted March 13, 2019 by armaan007

Antimicrobial Plastic Market expected to reach 16.17 Billion USD by 2020, at a CAGR of 8.7%, over 2015–2020

 
The report [151 pages] “Antimicrobial Plastic Market by Type (Commodity Plastic, Engineering Plastic, and High Performance Plastic) by Application (Healthcare, Packaging, Consumer Goods, Automotive, Construction, and Others) & by Region - Global Forecast to 2020”, defines and segments the antimicrobial plastic market and forecasts the market size, by value and volume. The antimicrobial plastic market size, in terms of value, is projected to reach USD 16.17 billion by 2020, at a CAGR of 8.7%, between 2015 and 2020.

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The dominance of packaging and healthcare applications is projected to continue be the same by 2020 due to the increasing demand for attractive and sophisticated product packaging from food & beverage and agricultural applications and growing population which in turn would demand healthcare products. This is also due to the growing young population in Asia-Pacific and South America coupled with their increasing plastic goods consumptions.

The Asia-Pacific region is projected to dominate the antimicrobial plastics market by 2020 and account for a major share of the total market in terms of volume. The developed regions, such as North America and Western Europe are estimated to have relatively slow growth rates as compared to the Asia-Pacific and RoW regions. Moreover, Asia-Pacific and RoW are expected to witness the high growth rate between 2015 and 2020. The market in these regions is experiencing increase in antimicrobial plastics consumption in packaging, healthcare, consumer goods, automotive, and construction applications.

In general, important factors those are expected to drive the growth in the antimicrobial plastics market include the increasing awareness of the consumers about health-related infections and stringent regulations in North America and Europe to use products & devices with antimicrobial coatings so as to minimize contact with pathogens and spreading of the infections. Some factors, such slow economic recovery of European countries and high barriers of entry for new players are anticipated to restrain the growth of the antimicrobial plastics market. Substantial improvements in the standard of living of the consumers resulted in increased demand for more hygienic and sophisticated plastic products. This is also expected to drive the global antimicrobial plastics market.

The key players considered in the report are BASF SE (Germany), Bayer MaterialScience AG (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), Lonza Group AG (Switzerland), Microban International (U.S.), Parx Plastic BV (The Netherlands), King Plastic Corporation (U.S.), Biocote (U.K.), Milliken Chemical (U.S.), Sanitized AG (Switzerland), and PolyOne Corporation (U.S.).

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Issued By Markets And Markets
Country India
Categories Automotive , Industry
Tags antimicrobial plastic , antimicrobial plastic applications , antimicrobial plastic companies , antimicrobial plastic industry , antimicrobial plastic manufacturers , antimicrobial plastic market
Last Updated March 13, 2019