The global antimicrobial plastic market is projected to reach US$3.6 bln by 2020 and register a CAGR of 10% between 2015 and 2020 in terms of value, as per RnRMarketResearch.com. The market for antimicrobial plastics is estimated to grow on account of growing plastic consumption primarily in Asia-Pacific and South America regions and also increasing use of antimicrobial packaging in food and pharmaceutical applications globally. The flourishing packaging and healthcare application in emerging economies and growing consumer awareness regarding health concerns are expected to act as budding opportunities for this market. Antimicrobial plastics are polymers which are infused with antimicrobial agents or additives to reduce or constrain the growth of microorganisms such as algae, bacteria, and fungi on any plastic products to maintain hygiene and its increase shelf life. Antimicrobial plastics are used in a variety of applications ranging from healthcare, construction, packaging containers to consumer & electronics appliances, business machines and automotive parts.
Country-wise, the U.S. is estimated to be the leading antimicrobial plastics market. Growth in Asia-Pacific is led by the rising demand from healthcare and packaging applications due to increasing population and improving standard of living of the people in the region. However, economic slowdown and absence of stringent regulations for using antimicrobial plastics in some regions are some of the major reasons restricting the growth of antimicrobial plastics globally.
22-Apr-15 
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