Market Size of Antimicrobial Additive Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.88 Billion |
| Market Size (2029) | USD 6.62 Billion |
| CAGR (2024 - 2029) | 6.31 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Antimicrobial Additives Market Analysis
The Antimicrobial Additive Market size is estimated at USD 4.88 billion in 2024, and is expected to reach USD 6.62 billion by 2029, growing at a CAGR of 6.31% during the forecast period (2024-2029).
Antimicrobial additives restrain the growth of microorganisms throughout the useful life of the product, enhance product life & hygiene, and provide value addition to an end product. These additives are infused into a product during the manufacturing process. The growing product application in plastic and healthcare segment has been driving the market growth.
However, the issue of safe disposal and harmful effects of these additives on the eco-system are likely to hinder the expansion of the studied market. Moreover, unfavorable conditions arising due to the COVID-19 outbreak is also likely to hamper market growth.
The advancements such as the use of antifungal protection to preserve flexible polyvinyl chloride are likely to deliver opportunities for the antimicrobial additive market over the next five years.
Asia-Pacific region dominates the market across the world with the escalating consumption of antimicrobial additive in plastic and healthcare sector.
