Antimicrobial Textiles Market to exceed $20.5 billion by 2026

According to a new research report by Global Market Insights, Inc., the Antimicrobial Textiles Market size is estimated to surpass USD 20.5 billion by 2026. Growing concerns towards Hospital-Acquired Infection (HAI) coupled with rising demand for advanced textiles in the medical industry may positively affect the market demand over the coming years.
 

Rising concern over spread of infectious diseases in healthcare sector coupled with growing awareness about advantages of antimicrobial fabric over conventional textiles in regular apparel wear will drive the market growth. Growing requirement of odor control and degradation prevention textiles in sportswear and personnel wears are expected to offer lucrative opportunity for antimicrobial textiles market expansion.

 

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Growing requirement of quality home textiles will escalate antimicrobial textiles’ popularity

The growing consumer demand for quality home textiles that support their healthier lifestyle choices coupled with the rising R&D investment to support the demand for antimicrobial fabrics from several end users will drive the antimicrobial textiles market growth. Additionally, the entry of new startups in the market and funding provided by several agencies to these starts up are expected to provide lucrative opportunities for market expansion. For instance, in August 2019, Sonovia Ltd. received around USD 2.66 million funding from the European Union’s research and innovation program, Horizon, 2020.
 

Commercially available antimicrobial fabrics have a very strong regulatory framework to pass through before coming to the market. Potential concerns related to environment and human health regarding antimicrobial fabrics have compelled regulatory agencies to form stringent regulations. However, development of new eco-friendly textiles and usage of biobased antimicrobial expected to limit the potential environmental concerns and support the global trade of antimicrobial textiles market.
 

Browse key industry insights spread across 191 pages with 223 market data tables & 28 figures & charts from the report, “Antimicrobial Textiles Market Size By Fabric (Polyester, Polyamide, Cotton), By Application (Healthcare, Apparels, Home Textile), By Active Agents (Metal & Metallic Salts, Synthetic Organic Compounds, Biobased Agents), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/antimicrobial-textiles-market
 

Rising aging population, growing middle class income and development of new fabrics will boost antimicrobial fabrics’ sales

Polyamide will showcase moderate growth of 9% in the market owing to the limited usage of these textiles. These types of textiles are mainly used in automotive textiles owing to high durability and strength of these fabrics. These fabrics are treated mainly with QACs and other organic synthetic compounds. However, stringent chemical norms and toxicity of QACs may limit its usage over the study timeframe.
 

Home textiles will showcase considerable growth in the market and accounted for 20% demand in 2019 owing to the rising number of nuclear families in emerging economies coupled with growing awareness about these textiles in people. Home textile applications includes towels, bedding, carpets, curtains, upholstery, and pillows among others. Growing home décor textiles demand along with rinsing middle class family incomes are major factors supporting the antimicrobial textiles market growth by 2026.
 

Biobased agents will showcase moderate growth in the antimicrobial textiles market and will surpass USD 1.2 billion by 2026. The limited availability of commercial products is limiting the growth of bio-based agents. Chitosan is mainly used as a biobased agent in antimicrobial fabrics. Further, the development of bamboo-based active agents coupled with R&D investment to minimize the adverse environmental impact by toxic active agents will drive the biobased agents demand in the near future.
 

Government funding programs and establishment of new facilities in Europe are supporting market growth

Europe recorded for the maximum share in the global antimicrobial textiles market in 2019 owing to the rising usage of antimicrobial fabrics for healthcare and apparel applications. Government support and several funds available through projects such Horizon 2030 for development of new textiles will further drive the industry expansion. The establishment of new commercial projects and the integration of such projects with academic institutions for promoting research activities will further drive market growth over the forecast timeframe.
 

Latin America expected to generate over $1 billion revenue by 2026, owing to rising demand for antimicrobial textiles from healthcare sector. Growing awareness about hygiene and positive outlook for apparel industry will further drive the antimicrobial textiles market share. In 2017, textile & apparel industry accounts for over 5% of Brazil’s GNP and growing at faster pace with considerable rise in exports to Middle East.
 

Some of the key participants involved in antimicrobial textiles industry include, Unitika Limited, Milliken & Company, Thai Acrylic Fibre Co., Ltd., Trevira GmbH, PurThread Technologies Inc., among others.
 

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