Antimicrobial Additives Market Key Players Forecast to 2028
The global antimicrobial additives market size was valued at USD 4,350.8 million in 2022 and anticipated to grow at a CAGR of 6.9% during the forecast period 2022-28. Microbes such as bacteria and moulds can be inhibited, prevented, and resisted by antimicrobials. Antimicrobial additives help to keep germs and bacteria away from the surfaces of devices and equipment. Antimicrobial compounds are also utilised in the food, beverage, and medical industries to avoid microbial contamination in packaged items. When an antimicrobial addition is injected into a product, it continues to work to make the product more hygienic.
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Because of improvements in the chemical sector, demand for antimicrobial additives has been expanding globally. Antimicrobial additives' chemical properties have been studied for several years, which has supported the worldwide antimicrobial additives market's expansion. Advances in the end-use industries are projected to have an impact on the worldwide antimicrobial additives market dynamics. Antimicrobial additives can be organic or inorganic in origin, and both forms have seen a lot of interest in the last decade. The packaging business is the most important application of antimicrobial additives, and the latter's rapid rise has assisted market growth. As new sectors adopt the usage of antimicrobial additives for industrial applications, the growth dynamics of the worldwide antimicrobial additives market are predicted to improve. Antimicrobial additives' advantageous qualities are also projected to contribute to the global antimicrobial additives market's growth. Because of the aforementioned factors, the global antimicrobial additives market is likely to achieve new heights in the coming year. In addition to this, as advanced technologies emerge in the medical manufacturing business, the revenue index of the worldwide antimicrobial additives market is predicted to reach new heights. Furthermore, a number of well-known consumer products corporations have set aside significant funds for packaging. This aspect is also projected to bring in a lot of money to the global antimicrobial additives market.
The global antimicrobial additives market segmentation:
- By Product Type: Inorganic (Silver, Copper, Zinc), Organic (OBPA, DCOIT, Others)
- By Application: Plastic, Paints & Coatings, Pulp & Paper, Others
- By End-Use: Healthcare, Packaging, Food & Beverage, Construction, Automotive, and others
In North America, the rising food sector has resulted in a significant increase in the demand for food antibacterial compounds. The market is also driven by the desire for clean labelled preservatives and antimicrobials such as vinegar, ascorbic acid, rosemary, and compounds derived from organic or natural sources. As a result, manufacturers are investing in R&D to produce clean label antimicrobials with extra assets in order to enhance sales by meeting the growing demand for clean-label ingredients. Growing economic expansion has increased consumer demand for convenience and processed foods, indicating a demand for food preservatives. Consumers spend a significant portion of their income on processed meals; therefore they demand safe and high-quality food.
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Some of the major key players in the antimicrobial additives market are BASF SE (Germany) The Dow Chemical Company (U.S.) Clariant AG (Switzerland) Schulman, Inc. (U.S.) Polyone Corporation (U.S.) Sanitized AG (Switzerland) Microban International (U.S.) Biocote Limited (U.K.) King Plastic Corporation (U.S.) Steritouch Ltd. (U.K.).
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