Plastics have substituted conventional materials like metal, wood and glass over the past few decades owing to its material characteristic like heat resistance, chemical stability, etc. Packaging industry is heavily dependent on plastics for its operations. Food, beverages and medicines are also packed in plastics. Antimicrobial plastics are built to hamper the growth of pathogenic microorganisms like bacteria, algae, and fungi. It is a polymer material wherein antimicrobial agents and additives like organic-metallic biocides and arseni-based oxybisphenox arsine (OBPA) are infused. Such plastics comprise antimicrobial polymers which augments its durability, transparency and hardness. The importance of this feature is rising as plastics venture into new and more hygiene conscious industries. As a result, antimicrobial plastics are becoming indispensable to numerous industries and hence developing tremendously in terms of market demand and worth. Such vigorous rate of adaptation is increasing its market size as well. Volatile cost prices of raw materials can showcase some challenges for its market.
This report presents the global antimicrobial plastics market via acute analysis by type into three major components, namely commodity plastics, engineering plastics and high performance plastics. This broad segmentation gives rise to further sub division, especially in the commodity and engineering plastics. Antimicrobial plastics have also been segmented on the basis of end user industry. Amongst these, food & beverage, medical & healthcare, textiles, construction, electronics and packaging receive top priority. Construction industry sector is replacing glass and following the trends of plastic usage because of its easy installation procedures and thermal insulation. Antimicrobial plastics market is forecasted to grow steadily at xx% CAGR in the period of 2018-2023.
The overall market has been presented in this report from the perspective of different regional outlook with the key revenue generating countries covered in detail and their value chain analysis. Americas is the leading market revenue shareholder in this segment and generate over one-third of the global revenue. Europe comes in second with xx% of global revenue in its control. APAC is an emerging market with fastest growth rate which is expected to overtake Europe by the end of the forecast period. RoW is a distant fourth in the global revenue share of antimicrobial plastics market.
The major companies holding a large chunk of the global revenue include:
- BASF SE (Germany)
- The Dow Chemical Company (The U.S.),
- Bayer MaterialScience AG (Germany)
- Saudi Basic Industries Corporation (Saudi Arabia)
- PolyOne Corporation (The U.S.)
The market is somewhat consolidated due to the presence of above mentioned big names.
Other key players include:
- Lonza Inc. (Switzerland)
- Parx Plastics Europe B.V. (The Netherlands)
- Microban Products Company (The U.S.)
- King Plastic Corporation (The U.S.)