Antimicrobial Additives Market Likely To Boost The Growth Product Demand In Healthcare And Packaging Sector

 Antimicrobial Additives Industry Overview

The global antimicrobial additives market size was valued at USD 2.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2028. 

Rising population and rapid urbanization in emerging economies of Asia Pacific are likely to boost the growth of the end-use industries, which, in turn, is expected to escalate the product demand over the forecast period. The product demand is expected to increase majorly in the healthcare and packaging application industries. Rising demand for healthcare and packaging products, due to the growing number of Covid-19 cases around the world, is projected to support the market growth. Asia Pacific is expected to dominate the global market on account of the strong presence of the major healthcare product manufacturers.

After the pandemic, Japan, India, and Indonesia are expected to contribute to the growth of the construction sector in the Asia Pacific region owing to increasing consumer disposable income and rising government spending on large infrastructural projects. Ascending demand for commercial, residential, and institutional buildings in China, on account of a growing population, is in turn, contributing to the growth of the market.

Gather more insights about the market drivers, restrains and growth of the Global Antimicrobial Additives market

The market in the U.S. is expected to witness moderate growth over the coming years. High demand for advanced healthcare services owing to the well-developed healthcare infrastructure and reimbursement coverage plans is anticipated to drive the growth of the medical devices industry in the country. Constantly growing target population and rise in the number of car accidents are projected to propel the demand for surgeries. This, in turn, will drive the product demand in the country in the years to come.

However, stringent regulations have made the antimicrobial additives suppliers introduce and set up new compositions to meet the safe administration and anti-bacterial properties standards, such as Biocidal Products Regulation (BPR) EU 528/2012 and Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). Thus, such stringent regulations are expected to hamper the market growth over the forecast period.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • Wound Dressing Market: The global wound dressing market size was valued at USD 9.16 billion in 2014 and is expected to witness a CAGR of 4.4% over the forecast period. Wound infection is a major safety concern for patients as well as for healthcare professionals globally, thus wound care is essential to reduce infections and promote the well-being of patients.
  • Syringes Market: The global syringes market size was valued at USD 13.5 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of8.5% from 2019 to 2026. The demand for syringes is on a rise owing to the increasing prevalence of chronic diseases, rising demand for vaccines and immunization, technological advancements, and growing adoption of injectable drugs.

 

Antimicrobial Additives Market Segmentation

Grand View Research has segmented the global antimicrobial additives market on the basis of type, application, end-use, and region:

  • Antimicrobial Additives Type Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)
    • Organic
    • Inorganic
      • Silver
      • Copper
      • Zinc
    • Antimicrobial Additives Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)
      • Plastic
      • Paints & Coatings
      • Pulp & Paper
      • Others
    • Antimicrobial Additives End-use Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)
      • Healthcare
        • Minimally Invasive Medical Products
        • Endotracheal Tubes
        • Wound dressing
        • Surgical drapes
        • Syringes
        • Re-usable Medical items
          • Hospital Bedding
          • Dental trays
          • Beds
          • Hospital gowns
          • Orthopedic devices
          • Laparoscopic Instruments
          • Medical Scrubs
        • Packaging
          • Food Packaging
            • Active Packaging
            • Controlled Release Packaging
          • Non-food Packaging
        • Food & Beverage
          • Bakery Food
          • Beverages
          • Dairy
          • Meat Processing
        • Building & Construction
          • Insulation
          • Faucets & Fixtures
          • Door Hardware
          • Sealants & Grouts
          • Carpet
          • Paints
          • OSB
          • Melamine
          • Others
        • Automotive & Transportation
          • Passenger Cars
          • Light Commercial Vehicles
          • Heavy Commercial Vehicles
          • Train
          • Aeroplanes
        • Textile
          • Apparels
          • Home Textiles
          • Footwear
          • Sport Textiles
          • Non-woven
          • Others
        • Consumer Goods
          • Cleaning Products
          • Cosmetics
          • Toys
        • Others
      • Antimicrobial Additives Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa (MEA)

Market Share Insights

  • August 2018: LyondellBasell Industries Holdings B.V. expanded its polymer business by acquiring A. Schulman Inc. Prominent players are involved in activities, such as merger & acquisition, expansion of manufacturing facilities, investments in R&D, and seeking opportunities to vertically integrate across the value chain

Key Companies profiled:

Some prominent players in the global Antimicrobial Additives Market include

  • NanoBioMatters Industries S.L.
  • BASF SE
  • RTP Company
  • Milliken Chemical
  • BioCote Ltd.
  • Microban International
  • Clariant AG
  • PolyOne Corp.
  • Momentive Performance Materials, Inc.
  • Life Materials Technologies Ltd.
  • SteriTouch Ltd.
  • Sanitized AG
  • Dow, Inc.
  • LyondellBasell Industries Holdings B.V.
  • Plastics Color Corp.
  • Lonza

 

Order a free sample PDF of the Antimicrobial Additives Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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