Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4,467 million | USD 9,695 million | 10% | 2023 |
The global antimicrobial film market size was evaluated at $4,467 million in 2023 and is slated to hit $9,695 million by the end of 2032 with a CAGR of nearly 10% between 2024 and 2032.
Antimicrobial film is a kind of surface coating that protects against viruses, germs, microorganisms, and bacteria. Furthermore, these products are massively used in food & beverages, healthcare, and packaging sectors. Reportedly, these products are used in maintaining hygiene and cleanliness. In addition to this, antimicrobial films are comprised of antimicrobial agents that help in preventing proliferation as well as transmission of microbes on the surface where it is applied.
A rise in product penetration in medical sector to embellish the global market expansion by 2032
A prominent surge in the use of products in the healthcare sector will embellish the growth of the global antimicrobial film market. The need for maintaining high standards of cleanliness to prevent transmission of infections is projected to spearhead the growth of the global market. A rise in the use of products in medical equipment and various surfaces for offering them protection against hazardous microbes is likely to spur global market trends. In addition to this, the flourishing food & beverages sector is projected to contribute notably towards the growth of the market across the globe. Escalating use of products in packaging along with a growing preference for improving the shelf life of the products will bolster the expansion of the market globally.
A surge in costs of antimicrobial films can disrupt the expansion of the industry across the globe
A steep rise in product costs owing to supply chain disruptions can prove detrimental to the growth path of the global antimicrobial film industry.
Introduction of new coating technologies to open new growth avenues for the global market over 2024-2032
The launching of new products and technological innovations are projected to open new facets of growth for the global antimicrobial film market in the years ahead. Furthermore, strict laws on food preservation along with enforcement of infection control measures by governments across the globe have culminated in massive product penetration in the food & beverages sector, thereby scaling the growth of the market globally.
Stringent laws about product usage in various end-use sectors can challenge the global industry surge by 2032
Strict government measures related to the use of the product in commercial as well as industrial applications are projected to pose a huge challenge to the growth of the global antimicrobial film industry.
The global antimicrobial film market is divided into type, application, and region.
In terms of type, the antimicrobial film market across the globe is bifurcated into polyester film and PVC film segments. Additionally, the polyester film segment, which garnered about 52% of the global market revenue in 2023, is anticipated to record the highest rate of annual growth in the coming eight years. The growth of the segment in the forecast period can be due to beneficial product features such as the antimicrobial properties of polyester films. In addition to this, these products are designed to inhibit the proliferation of microbes along with providing hygienic surfaces.
Based on the application, the global antimicrobial film industry is divided into industrial and commercial segments. Moreover, the industrial segment, which garnered approximately half of the global industry share in 2023, is anticipated to make key contributions towards the global industry over the analysis timeline. The segmental expansion in the upcoming years can be attributed to a rise in product usage in warehouses and manufacturing units to prevent the multiplication of bacteria and fungi on surfaces.
Report Attributes | Report Details |
---|---|
Report Name | Antimicrobial Film Market |
Market Size in 2023 | USD 4,467 Million |
Market Forecast in 2032 | USD 9,695 Million |
Growth Rate | CAGR of 10% |
Number of Pages | 207 |
Key Companies Covered | HEXIS SAS, Dunmore Corporation, NADCO® Tapes & Labels, Dontech Inc., William Frick and Company Inc., Rentokil Initial Hygiene India, Saint-Gobain Performance Plastics Inc., XPEL Inc., Great American Packaging, Schweitzer-Mauduit International, PuraFilm, Tekra Corporation., and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to maintain the leading status in the global market in the next few years
North America, which contributed about 65% of the global antimicrobial film market earnings in 2023, is predicted to retain global market domination in the ensuing years. Furthermore, the regional market expansion in the coming eight years can be a result of favorable government policies aiding the use of anti-microbial technology in various industrial sectors. In addition to this, the presence of key product manufacturers in the sub-continent is anticipated to boost the growth of the market in North America.
Asia-Pacific antimicrobial film industry is predicted to record the fastest growth rate in the forecast timeline. The swift expansion of the industry in the continent during the analysis timespan can be attributed to the expanding production base of the packaging sector along with the strict use of coating films in the construction of strong infrastructure facilities. Apart from this, a rise in the product penetration in residential and commercial sectors in India and China will prop up the growth of the industry in the APAC zone.
The global antimicrobial film market profiles key players such as:
By Type
By Application
FrequentlyAsked Questions
Antimicrobial film is a kind of surface coating that protects against viruses, germs, microorganisms, and bacteria. Furthermore, these products are massively used in food & beverages, healthcare, and packaging sectors.
The global antimicrobial film market growth over the forecast period can be owing to a prominent surge in the use of products in the healthcare sector.
According to a study, the global antimicrobial film industry size was $4,467 million in 2023 and is projected to reach $9,695 million by the end of 2032.
The global antimicrobial film market is anticipated to record a CAGR of nearly 10% from 2024 to 2032.
Asia-Pacific antimicrobial film industry is set to register the fastest CAGR over the forecasting timeline owing to the expanding production base of the packaging sector along with the strict use of coating films in the construction of strong infrastructure facilities. Apart from this, a rise in the product penetration in residential and commercial sectors in India and China will prop up the growth of the industry in the APAC zone.
The global antimicrobial film market is led by players such as HEXIS SAS, Dunmore Corporation, NADCO® Tapes & Labels, Dontech, Inc., William Frick and Company Inc., Rentokil Initial Hygiene India, Saint-Gobain Performance Plastics Inc., XPEL Inc., Great American Packaging, Schweitzer-Mauduit International, PuraFilm, and Tekra Corporation.
The global antimicrobial film market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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