Antimicrobial Additives Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET ANALYSIS

Antimicrobial additives impart antibacterial, antifungal, and antiviral properties to surfaces. Manufacturers can thus offer cleaner and more hygienic products, giving them an instant competitive edge. Food packaging often contains antimicrobial agents to prevent pathogenic and spoilage microorganisms from growing. Antimicrobial additives are also used in a variety of products such as bathroom accessories, kitchen appliances, and toys. Antimicrobial additives are available in various forms such as powder, liquid suspension, and masterbatch pellet. There are mainly two types of antimicrobial additives: organic and inorganic. Organic additives include phenolic compounds, isothiazolinone treatments, and zinc pyrithione among others. Inorganic antimicrobial additives include compounds based on metals such as copper, silver, and zinc.

GROWTH DRIVERS AND CHALLENGES

Rising demand for antimicrobial additives across food & beverage packaging, healthcare, among other industries due to increasing concerns regarding microbial contamination leading to health risks is one of the primary factors driving the antimicrobial additives market growth. In the food & beverage packaging, antimicrobial additives play a crucial role to increase the shelf life of the products by inhibiting, retarding, or inactivating the microbial growth. These additives are commonly used in packaging materials such as polyethylene, polyethylene terephthalate (PET), polypropylene (PP), and biodegradable materials made using polylactic acids (PLAs) to manufacture antimicrobial pouches, bags, labels, liners, wraps, and trays.

In the meat industry, antimicrobial additives help to inhibit the pathogenic bacterial growth inside the package keeping the meat fresh for a long time period. Thus, the advantages of antimicrobial additives in the food & beverage packaging industry is significantly driving the market growth.  

REPORT SEGMENTATION AND SCOPE

The "Global Antimicrobial Additives Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global antimicrobial additives market trends and growth opportunities. The report aims to provide an overview of the global antimicrobial additives market with detailed market segmentation by type, end-use industry, and geography. The global antimicrobial additives market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of antimicrobial additives worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the antimicrobial additives market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the antimicrobial additives market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative antimicrobial additives market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global antimicrobial additives market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global antimicrobial additives market is segmented on the basis of type and end-use industry. Based on type, the antimicrobial additives market is segmented as organic and inorganic. The antimicrobial additives market is categorized on the basis of end-use industry into healthcare, food & beverage, packaging, construction, and others.

Based on end-use industry, the packaging segment is expected to account for a significant market share in 2022. Over the past few years, the packaging industry is witnessing significant shift in technology due to rising demand for flexible and innovative packaging. In the food & beverage industry, packaging plays are key role in protecting the food products from bacterial and fungal growth, which keep the products safe for consumption and fresh. Antimicrobial additives in food packaging further increase the shelf-life of the products which is driving their demand across the packaging industry. Antimicrobial additives are also used in packaging of baby toys and personal care products to avoid infections and diseases. All these factors are driving the antimicrobial additives market growth.

REGIONAL ANALYSIS

The report provides a detailed overview of the global antimicrobial additives market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant share in the antimicrobial additives market globally. The presence of robust packaging industry in countries such as China, Japan, and India and increasing innovations and new product developments are the key factors providing strong growth potential to the antimicrobial additives market in the region.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global antimicrobial additives market.

In May 2021, Avient Corporation launched three proprietary thermoplastic elastomer (TPE) formulations that contain antimicrobial additives to its GLS TPE portfolio. These products meet the JIS Z2801 and ASTM G21-15 standards and are resistance to bacterial, fungal, and mould growth.

In January 2022, Arxada, a specialty chemicals company, completed the merger with Troy Corp., one of the prominent manufacturers of microbial control solutions and performance additives.

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The COVID-19 pandemic adversely impacted the global economy and slowed the growth of various industries. The shutdown of multiple manufacturing plants and factories in North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Further, various companies announced possible delays in product deliveries and a slump in sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia Pacific, and North America affected business collaborations and partnership opportunities. All these factors negatively affected the growth of the chemicals & materials industry and various markets related to this industry. However, the pandemic triggered the development of anti-microbial surfaces and packaging materials that protect from infections and viruses. This factor had a positive impact on the antimicrobial additives market. Further, with the introduction of vaccine and relaxation of restrictions by the governments, the marketplace witnessed recovery. Manufacturers started working with full capacity which helped them to overcome the demand and supply gap.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the antimicrobial additives market include BASF SE; Dupont; Avient Corporation; SANITIZED AG; Microban International, Ltd.; BioCote Limited; Milliken and Company; CLARIANT; Akzo Nobel N.V.; and Addmaster Ltd among others.

REGIONAL FRAMEWORK

Antimicrobial Additives Market Report Analysis

MARKET PLAYERS

Antimicrobial Additives Market Report Scope