ANTIMICROBIAL PLASTICS MARKET ANALYSIS

Regional Analysis

Global Antimicrobial Plastics Market: Regional Insights

Based on geography, the Global Antimicrobial Plastics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. At present, the Asia Pacific is expected to hold leading position in the Antimicrobial Plastics market over the forecast period. The North American construction industry is expected to experience significant growth due to the increasing demand for non-residential projects like hospitals, schools, and colleges. The Affordable Healthcare Act in the US has prompted the construction of healthcare units and hospitals, while the rising population is expected to boost office spaces, industrial plants, schools, and colleges. The National Infrastructural Protection Plan (NIPP) and favorable government policies in the US are expected to promote market growth. Gross domestic product (GDP) growth in the region, coupled with increased industrial output, is expected to drive the growth of the antimicrobial plastics market. The US government's efforts to reduce its carbon footprint through eco-friendly products are expected to expand the application scope of antimicrobial plastics in plastic flexible packaging. The growing per capita healthcare spending in the US and the increasing demand for generic drugs and medical devices are also expected to positively influence the antimicrobial plastics market. Europe, a leading automobile manufacturer, is expected to continue dominating the sector over the forecast period. The rising demand for electric and hybrid vehicles and the presence of major automotive manufacturers in the region are expected to drive industry expansion and demand for antimicrobial plastics in the automotive industry. The European Commission is encouraging foreign direct investment (FDI) from Asian automobile manufacturers, such as Honda and Toyota, to boost the industry growth. The growing construction sector in countries like the UK, the Netherlands, Germany, Hungary, Poland, Sweden, and Ireland is expected to propel product demand over the next forecast period. Increased funding from the EU and supportive measures from governments are expected to augment the growth of the construction sector in the region. The planning of PPP projects for roads, hospitals, schools, and airports is also expected to boost product demand in these applications.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East &Africa: GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East