Antimicrobial Textile Market: Current Analysis and Forecast (2021-2027)
Emphasis on Active Agent (Synthetic Organic Agents, Metal & Metallic Salts, Bio-Based Agents, and Others); By Fibers (Cotton, Polyester, Polyamide, and Others), Application (Medical, Apparel, Home, Commercial, Industrial, and Others); and Region and Country
The global antimicrobial textile market was stood around US$10 billion in 2020 and is expected to demonstrate the growth of ~7% during the forecast period (2021-2027). In the light of COVID-19, global manufacturing industries including textile is witnessing a new trend of adoption of antimicrobial products in order to kill microorganism or inhibits their growth. Over the last couple of decades, the global textile industry was growing at a steady pace owing to growing population, increasing consumer purchasing power, and rapid changing fashion trends. This makes the textile industry as one of the critical economic instruments for several countries like China, Bangladesh, and Vietnam.
For instance, in 2020, China exported around $1,573.9 million of textured filament yarn of polyester, largest in the world, followed by India, Taipei, and Vietnam with $460.9 million, $240.2 million, and $139.6 million, respectively. Since textured filament yarn of polyester is widely used in knitting and weaving to make bed linens and curtains which has vast usage in home, healthcare, hospitality sectors. Therefore, changing market preference for microbes’ free textiles in the light of COVID-19 is creating huge opportunity for the antimicrobial textiles in the landscape of global textile industry.
Insights Presented in the Report
“Amongst active agents, synthetic organic agents held prominent share in the market in 2020.”
Based on active agent, the market is categorized into synthetic organic agents, metal & metallic salts, bio-based agents, and others. Among these, synthetic organic agents held the significant share in the market due to their ability to showcase high efficiency with large number of microbes that can affect the fabric condition.
“Amongst fiber, cotton held prominent share in the market in 2020.”
Based on fiber, the market is categorized into cotton, polyester, polyamide, and others. Among these, cotton held the significant share in the market as it is among the most widely used fiber across the globe. Further, since cotton is a natural fiber therefore it provides an excellent environment for microorganisms to grow. Therefore, the need to protect and preserve them became fundamental which is propelling the demand of antimicrobial additives
“High awareness among consumers and large healthcare infrastructure aid the North American region to capture considerable market share”
For a better understanding of the market adoption of antimicrobial textile, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America held the prominent share in the global antimicrobial textiles market. This can be mainly attributed to its vast healthcare industry couple with strong regulations set by the regional governments to use of antimicrobial textiles in the healthcare sector. Further, high consumer awareness regarding the benefits of antimicrobial products among the regional population mainly US and Canada is fueling the demand of antimicrobial textile in the region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country level analysis of the industry
Customization Options:
The global Antimicrobial Textile market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Antimicrobial Textile three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Antimicrobial Textile industry. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Antimicrobial Textile through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Antimicrobial Textile market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segment included in the report is by active agent, fibers, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of the Antimicrobial Textile globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Antimicrobial Textile. Further, we conducted factor analysis using dependent and independent variables such as increasing concern related to protection from microorganisms and growing demand from medical and apparel industries. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the Antimicrobial Textile industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Antimicrobial Textile market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Antimicrobial Textile across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Antimicrobial Textile market in terms of revenue generated. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Antimicrobial Textile market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of active agent, fibers, and application
The main objective of the Antimicrobial Textile market study
The current & future market trends of global Antimicrobial Textile were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Antimicrobial Textile in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segment in the study include area of active agent, fibers, and application
- Defined analysis of the regulatory framework for the Antimicrobial Textile industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Antimicrobial Textile for the major countries
- Major regions/countries analyzed in the report includes North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
- Company profiles of the Antimicrobial Textile market players and the growth strategies adopted by them to sustain in the growing market
- Deep dive country level analysis of the industry
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