This report provides exclusive insights into the COVID-19 impact on the Antimicrobial Plastics Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Antimicrobial Plastics Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Antimicrobial Plastics Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
antimicrobial plastics market provides in-depth analysis of segments and
sub-segments in the global as well as regional antimicrobial plastics market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional antimicrobial plastics market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global antimicrobial plastics market.
According to the report, the global antimicrobial plastics market is projected
to grow at a CAGR of 7.48% over the forecast period of 2019-2025.
The plastics industry is facing problems due to growing concerns
regarding environment and health issues. The plastics manufacturing companies
are developing new products to tackle the challenges in front of the industry.
Antimicrobial plastics are a lot safer than conventional plastics in terms of
the effect on health along with being safe for the environment as well. The
antimicrobial plastics market is a relatively new market with key players
focusing on developing innovative products. The major plastics manufacturers
including BASF SE, Dow Chemical Company, Covestro AG, Microban International,
Ltd., PolyOne Corporation, Ticona Polymers Inc. and others are collaborating
with antimicrobial additive companies in order to set up new product lines by
following mutually agreed business strategy.
The rise in awareness among consumers regarding health is the
major driving factor for the antimicrobial plastics market. The conventional
plastics are harmful to health and are also considered carcinogenic. A lot of
microbes survive on the surface of conventional plastics. By using
antimicrobial plastics, harmful micro-organisms can be kept away from human
contact. Moreover, the growing adoption of antimicrobial plastics in various
applications is expanding the demand for antimicrobial plastics. Furthermore,
increasing the application of antimicrobial plastics in the medical and
packaging industries is giving a boost to the growth of antimicrobial plastics
market. The antimicrobial plastics can be used in the medical devices and
equipment to keep them safe to use without causing any infection. However,
strict environmental regulations are the major restraining factor for the growth
of the antimicrobial plastics market. Nevertheless, the increasing investment
in R&D to improve the properties of plastics is expected to offer lucrative
opportunities for the key players in the antimicrobial plastics market.
In terms of region, North America generated the highest revenue
for the antimicrobial plastics, dominating the global market. The largest
market share of North America attributed to the increasing demand from the
packaging and healthcare industry and rise in the health concerns among the
consumers in this region. While Asia-Pacific registered the highest growth rate
among the other regions owing to growing consumer goods and F&B industries
and increasing investment in the healthcare sector in this region.
The report on global antimicrobial plastics market covers segments
such as type and application. On the basis of type, the sub-markets include
commodity plastic, engineering plastic, high performance plastic, and other
types. On the basis of application, the sub-markets include packaging,
healthcare, food and beverage, consumer goods, electrical and electronics, and
The report provides profiles of the companies in the market such
as BASF SE, Dow Chemical Company, Covestro AG, Microban International, Ltd.,
PolyOne Corporation, Ticona Polymers Inc., Sanitized AG, Teknor Apex Company,
Inc., Parx Plastics N.V., Momentive Performance Materials Inc., and Other
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of antimicrobial
plastics market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.