The Antimicrobial Textile Global Market Report 2023 by The Business Research Company, provides antimicrobial textile market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company’s insightful Antimicrobial Textile Global Market Report of 2023, the expansive landscape of the global antimicrobial textile market witnessed a notable ascent, surging from $10.63 billion in 2022 to a formidable $11.79 billion in 2023, showcasing a commendable Compound Annual Growth Rate (CAGR) of 11.0%. It is imperative to recognize that the dynamics of the market were not insulated from the tumultuous geopolitical events, particularly the Russia-Ukraine conflict. This geopolitical upheaval has, in the short term, impeded the global economic recovery initiated in response to the COVID-19 pandemic. The consequences have rippled across nations, manifesting in economic sanctions, volatility in commodity prices, and disruptions in supply chains, thus precipitating inflationary pressures across a spectrum of goods and services, thereby casting a profound impact on various global markets.
Prognosticating the trajectory of the antimicrobial textile market, projections indicate a further expansion to the tune of $16.33 billion by 2027, fortified by a robust CAGR of 8.5%. This upward trajectory is emblematic of the industry's resilience and adaptability in the face of multifaceted challenges. A pivotal driver propelling this growth is the escalating consciousness among consumers regarding health and hygiene standards. The crucible of the COVID-19 pandemic has instilled a heightened awareness concerning health and sanitation practices, fostering an augmented demand for antimicrobial textiles endowed with the capability to combat viruses effectively. As a corollary, enterprises within the textile industry are fervently engaged in the expeditious development of innovative antimicrobial products, thereby catalyzing the market's upward momentum.
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The antimicrobial textile market is segmented:
1) Antimicrobial Textile Market By Fibers: Cotton, Polyester, Polyamide, Other Fibers
2) Antimicrobial Textile Market By Active Agent: Synthetic Organic Agents, Metal And Metallic Salts, Bio-Based Agents, Other Active Agents
3) Antimicrobial Textile Market By Application: Medical Textiles, Apparel, Home Textiles, Commercial Textiles, Industrial Textiles, Other Applications
The burgeoning trend of technological innovation stands as a pivotal force within the antimicrobial textile market. Prominent entities in this sector are directing their efforts toward pioneering technological solutions aimed at curbing the proliferation of viruses and aligning with consumer demands. An illustrative example is the Aditya Birla Group, a distinguished India-based Viscose staple fiber producer, which, in June 2020, unveiled antimicrobial fibers developed through proprietary technology. These fibers represent a revolutionary breakthrough, exhibiting the capability not only to eliminate but also to preemptively hinder the growth of bacteria and viruses. As a result, textiles imbued with antimicrobial properties endure, ensuring sustained freshness and hygiene over time. This progressive approach underscores a commitment to enhancing both product efficacy and overall public health.
The antimicrobial textile market report table of contents includes:
1. Executive Summary
2. Antimicrobial Textile Market Characteristics
3. Antimicrobial Textile Market Trends And Strategies
4. Antimicrobial Textile Market – Macro Economic Scenario
5. Antimicrobial Textile Market Size And Growth
......
26. Africa Antimicrobial Textile Market
27. Antimicrobial Textile Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Antimicrobial Textile Market
29. Antimicrobial Textile Market Future Outlook and Potential Analysis
30. Appendix
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