Antimicrobial concept

The global antimicrobial additives market size is expected to reach $5.63 billion by 2030, registering a compound annual growth rate (CAGR) of 8.9 percent according to a new report by Grand View Research, Inc. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices and equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella.

Key Industry Insights 

• In terms of revenue, the inorganic type of segment accounted for the highest share in 2022 and is expected to expand at the fastest CAGR during the forecast period.

• The healthcare end-use segment dominated the global market and accounted for more than 26.0 percent of the overall revenue in 2022.

• Asia Pacific accounted for the largest revenue share in 2022 and is estimated to register the fastest CAGR from 2023 to 2030. The growth of the Asia Pacific market can be credited to the robust manufacturing base of the healthcare and textile industries across China, India, and Japan.

Antimicrobial Additives Market Growth & Trends

The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the COVID-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of COVID-19 will positively impact the market growth. The Asia Pacific is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

According to the U.S. Centers for Disease Control and Prevention (CDC), each year about 1 in 25 patients is diagnosed with at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices, or enteral feeding tubes, are particularly susceptible to the colonization of bacteria, which can enter the bloodstream. Thus, medical device manufacturing companies are focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing bacterial colonization on the surface of device components.

For more on the application and benefits of antimicrobial additives, click here