Rising need for hygiene and safety products across various sectors is one of the major factors driving market revenue growth.
The global Antimicrobial Plastics Market reached a value of USD 41.04 Billion in 2022 and is projected to exhibit a compound annual growth rate (CAGR) of 8% throughout the forecast period. The increasing demand for hygiene and safety products across various sectors is a key driver of revenue growth in the market.
The growing concern regarding the transmission of infectious diseases has led to a surge in the demand for antimicrobial polymers in several industries, including healthcare, food and beverage, and packaging. There is a significant requirement for antimicrobial plastic products that can effectively prevent the spread of bacteria and viruses, as there is a growing awareness of the importance of maintaining hygiene in healthcare facilities and food processing industries. Additionally, the COVID-19 pandemic has further escalated the demand for antimicrobial plastics, as they are commonly used in the manufacturing of Personal Protective Equipment (PPE) and medical devices.
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