Increase in demand for antimicrobial medical textiles in the healthcare industry and rise in awareness about hygiene drive the growth of the global antimicrobial textiles market. North America accounted for the highest share in 2019, and will maintain to dominance in terms of revenue during the forecast period. The demand for antimicrobial textiles rose during the pandemic among the medical staff as they began adoption of the best hygiene practices.
COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The antimicrobial textiles market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the antimicrobial textiles market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the antimicrobial textiles market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
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The cotton segment accounted for the largest market share, contributing to nearly half of the the global antimicrobial textiles market in 2019, and will continue its lead position throughout the forecast period. This is due to its diverse application ranging from medical textiles to antimicrobial apparel. However, the polyester segment is expected to register the highest CAGR of 7.8% from 2020 to 2027. This is attributed to increase in disposable income and awareness regarding antimicrobial home textiles from developing countries.
North America contributed to the highest share in 2019, accounting for more than one-third of the total share, and will continue to lead in terms of revenue by 2027. This is attributed to established consumer base and increase in awareness regarding health and hygiene. However, the global antimicrobial textiles market across Asia-Pacific is expected to manifest the highest CAGR of 8.0% from 2020 to 2027, owing to developing healthcare sector, presence of major textile manufacturers, and increase in expenditure in military fabrics.
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The global antimicrobial textiles market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The antimicrobial textiles market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities. At the same time, the report also encompasses the competitive landscape including comprehensive profiles of the major frontrunners in the industry. The leading players are considered based on their revenue size, product portfolio, market share, key marketing stratagems, and overall contribution to the market growth.
Leading players of the global antimicrobial textiles market analyzed in the report include Aditya Birla Group (ABG), Herculite, Inc., Fuji Chemical Industries, Ltd., Kolon Industries, Inc., Indorama Ventures Public Company Limited, (IVL), Sanitized AG, Response Fabrics (India) Pvt. Ltd., (Response Fabrics), Toyobo Co., Ltd. (Toyobo), Sarex Textile Chemicals, and Vardhman Holdings Limited (Vardhman Holdings).
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