Global Antimicrobial Additives Market Analysis and Forecast, 2019-2028

Market Introduction and Overview

The global antimicrobial additives market is expected to grow significantly in the coming years, owing to the growing concern for public health and the need for safer and hygienic food and medical products. Antimicrobial additives are substances that are added to various products to control the growth of bacteria, fungi, and other microorganisms. These additives have a wide range of applications, including food and beverage packaging, medical devices, and textiles.

Market Drivers and Market Trends

Growing concern for public health and the need for safer food and medical products are the major drivers of the global antimicrobial additives market. The increasing use of antimicrobial additives in the packaging of food and beverages, medical devices, and textiles is also expected to drive the demand for antimicrobial additives. The rise in the demand for sustainable packaging solutions and the increasing adoption of eco-friendly packaging materials are also expected to drive market growth.

The global antimicrobial additives market is expected to grow significantly in the coming years, owing to the growing concern for public health and the need for safer and hygienic food and medical products. The increasing use of antimicrobial additives in the packaging of food and beverages, medical devices, and textiles is also expected to drive antimicrobial additives market growth.

Market Restraints

The high cost of antimicrobial additives and the limited availability of these additives in certain regions are expected to act as restraints on the market growth. The lack of awareness about the benefits of antimicrobial additives among consumers is also expected to act as a restraint on the market growth.

Market Segmentation

The global antimicrobial additives market can be segmented based on type, application, and region. Based on type, the market can be segmented into silver-based additives, zinc-based additives, and others.Based on application, the market can be segmented into food and beverage packaging, medical devices, textiles, and others.

Regional Analysis

North America is expected to dominate the global antimicrobial additives market, owing to the increasing demand for safer food and medical products and the presence of a large number of key players in the region. Europe is also expected to witness significant growth, owing to the increasing adoption of sustainable packaging solutions and the growing demand for eco-friendly packaging materials in the region.

Asia Pacific is expected to witness significant growth in the coming years, owing to the growing awareness about the benefits of antimicrobial additives among consumers and the increasing adoption of eco-friendly packaging materials in the region.

Competitive Landscape

The global antimicrobial additives market is highly competitive, with a large number of key players operating in the market. Some of the key players operating in the market include BASF SE, The Dow Chemical Company, Clariant, Croda International Plc, and Akzo Nobel N.V.

These players are adopting various strategies such as collaborations, partnerships, and mergers and acquisitions to strengthen their position in the market and expand their product portfolios.

Regional Breakdown in the Market Report

• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Peru
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic Countries
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Hungary
    • Czech Republic
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Thailand, Philippines, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Egypt
    • Sub-Saharan
    • Rest of the Middle East & Africa

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs

Why Buy this Report?

The report is intended for service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.