Asia-Pacific Antimicrobial Plastic Market is Projected to Register A CAGR of More than 8.0%

Date: 2015-10-20

Antimicrobial plastic are polymers which are mainly used to reduce or restrain the growth of microorganisms such as algae, bacteria, and fungi on any plastic products to maintain hygiene and increase its shelf life.  Antimicrobial plastic are used in a variety of applications ranging from health care, construction, packaging containers to consumer goods, and automotive parts. Health care is the largest application of antimicrobial plastic, followed by packaging, and consumer goods. Asia-Pacific is the largest market of antimicrobial plastic for health care application, followed by North America. The market for health care and packaging application of antimicrobial plastic is projected to witness the highest growth among all applications due to emerging economies and growing consumer awareness regarding health concerns, which are expected to drive the market.

The antimicrobial plastic market in the Asia-Pacific region is projected to register a high CAGR of more than 8.0%, in terms of value, between 2015 and 2020.  The rising demand from health care and packaging applications and improving standard of living of the people is among the major reasons for same. The market in Latin America is projected to witness a CAGR of 9.5% between 2015 and 2020. 

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