(PharmaNewsWire.Com, June 13, 2022 ) The report "Global Antimicrobial Textile Market by Active Agents (Synthetic Organic Compounds, Metal & Metallic Salts, Bio-based), Application (Medical Textiles, Apparels, Home Textiles), Fabric (Cotton, Polyester, and Polyamide), and Region - Global Forecast to 2026", size is projected to grow from USD 10.7 billion in 2021 to USD 14.7 billion by 2026, at a CAGR of 6.5% from 2021 to 2026. Growth of the market is primarily triggered by the need for hygiene products to combat the increasing number of infections due to microorganisms in various applications such as sportswear, protective wear, curtains & drapes, carpets, surgical supplies & wipes, bedding, intimates, and footwear.
COVID-19 impact on global antimicrobial textiles market
With the surge of COVID-19 cases, emergency protocols have been implemented, as well as the suspension of numerous operations and facilities in 2020. The COVID-19 outbreak in Wuhan, China, has spread throughout key APAC, European, and North American countries, disrupting the antimicrobial textiles market since most global manufacturers have offices in these regions. COVID-19 had disrupted the supply chain, slowing market expansion due to a scarcity of raw materials and personnel.
In terms of value & volume, medical textiles is estimated to be the fastest-growing segment in the antimicrobial textiles market.
Medical textiles are projected to witness the highest growth in the antimicrobial textiles market. The rising number of infectious disease through HAIs and cross-infection highlight the need for antimicrobial textiles. Moreover, the rising demand for disposable medical textiles and growing awareness toward hygienic products increases the demand for antimicrobial textiles in the medical industry.
Browse in-depth TOC on "Global Antimicrobial Textile Market” 105 - Market Data Tables 32 - Figures 140 - Pages
The APAC region is projected to be the fastest-growing region in the antimicrobial textiles market during the forecast period.
The APAC region is projected to be the fastest-growing region in the antimicrobial textiles market in terms of both value and volume from 2021 to 2026. This region is witnessing the highest growth rate due to the rapid economic expansion. According to the IMF, China and India are among the fastest-growing economies globally. India is expected to overtake China with the highest growth rate, thus driving the global economy. The rising disposable income of people, shifting of manufacturing facilities from developed regions, such as North America and Europe, and rapidly growing industrial sectors are expected to drive the market in APAC.
Milliken & Company (US), PurThread Technologies (US), Trevira GmbH (Germany), Thai Acrylic Fiber Co. Ltd. (Thailand) and Vestagen Protective Technologies, Inc. (US), amongst others, are the key players operating in the antimicrobial textiles market.
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