Antimicrobial Plastic Market Dynamics, Growth Prospect and Consumption Analysis till 2030
The global antimicrobial plastic market size is expected to reach USD 73.7 billion by 2030, according to a report by Grand View Research, Inc. The market is projected to expand at a CAGR of 7.8% from 2022 to 2030. The growing demand for products from packaging, health care, consumer products, and some other industries is expected to drive the market. Moreover, the growing complex epidemiological situations, such as COVID-19, microbial contamination, hospital-acquired infections, and healthcare-associated infections (HCAIs), are expected to fuel the growth of the market. The healthcare segment has shown high penetration rates and it accounted for the majority of revenue share in 2021. This can be explained by the strong demand for antimicrobial plastics for the production of sterilized and infection-preventing products such as surgical cables, tubes, and orthopedic sutures. In addition, growing consumer health awareness, an increase in the elderly population in ...