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Projecting growth for the antimicrobial plastic market

Packaging and healthcare applications to help drive demand for these products, with MarketsandMarkets forecasting their worth to reach $3.6 Billion by 2020.

Packaging and healthcare applications to help drive demand for these products, with MarketsandMarkets forecasting their worth to reach $3.6 Billion by 2020.
Packaging and healthcare applications to help drive demand for these products, with MarketsandMarkets forecasting their worth to reach $3.6 Billion by 2020.

Michigan State University’s Antimicrobial Resistance Learning Site defines an antimicrobial as “any substance of natural, semisynthetic or synthetic origin that kills or inhibits the growth of microorganisms but causes little or no damage to the host.”

Diving deeper, the site notes, “All antibiotics are antimicrobials, but not all antimicrobials are antibiotics.”

An online article posted Oct. 31, 2014 at the European Medical Device Technology’s site says, “Antimicrobial additives are increasingly used in medical devices and food packaging. However, there are currently hardly any applications for medical device packaging.”

That said, a new report from MarketsandMarkets projects the global antimicrobial plastic market to “reach around $3.6 Billion by 2020 and register a CAGR (Compound Annual Growth Rate) of 10% between 2015 and 2020 in terms of value.”

The report, "Antimicrobial Plastic Market by Type (Commodity, Engineering, and High Performance Plastics) and by Application (Packaging, Healthcare, Construction, Consumer Goods, Automotive, and Others) - Global Trends & Forecasts to 2020,” includes the following key points:

• Packaging and healthcare applications to drive the global antimicrobial plastics market.

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