The antimicrobial plastics market dimension is estimated to grow from USD 36.9 billion in 2020 to USD 59.8 billion with the aid of 2027, at a CAGR of 10.1%. The market is usually pushed by using the rising demand for antimicrobial plastic from applications such as packaging, automotive, purchaser goods, scientific and healthcare, building & construction, and others. APAC is the key market for antimicrobial plastics, globally, accompanied by way of Europe and North America.
Commodity plastics is estimated to be the biggest kind section of the world market throughout the forecast period. Medical and healthcare software dominated the antimicrobial plastics market. Growing recognition about the use of antimicrobial plastics in scientific devices, due to the worry of infection. Growing earnings stages of consumers, alongside with elevated spending on fitness and improving existence in the vicinity are additionally driving the demand from the clinical and healthcare application. The growth of these end-use segments is mostly pushed by using developing population, increasing per capita income, and changing way of life of buyers.
Antimicrobial plastics possess homes such as excessive antimicrobial activity, hardness, durability, and transparency. Growing demand for scientific units is augmenting the increase of antimicrobial plastics in the healthcare sector. Growing social consciousness about the persistence of plastic in the environment and the adoption of increasingly more stringent rules are reworking the plastic enterprise currently. The European Union has set a new target of recycling 65% of plastics by 2035.
Report : Antimicrobial Plastics Market - By Type (Commodity Plastics, Engineering Plastics, High Performance Plastics), By Application (Packaging, Automotive, Consumer Goods, Medical & Healthcare, Building & Construction and Others) and By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, opportunity and Forecast 2020 To 2027