Antimicrobial Textiles Market to record high gains over 2020-2026
Selbyville, Delaware, United States, November 13 2020 (Wiredrelease) Global Market Insights, Inc :Reportedly, global antimicrobial textiles market size will reach over USD 20.5 billion in annual remuneration by 2026. Antimicrobial textiles are utilized to minimize the risk of hospital-acquired infections to medical personnel and patients by eliminating the bacteria cell growth. The blooming older population and the increasing concern of these diseases across the U.S. and European region will drive the antimicrobial textiles market forecast in the coming years.
There is an escalating awareness about health and personal hygiene among the consumers. Rising demand for anti-bacterial and anti-fungal sportswear along with globally amplifying household income of middle-class families will further expand the ability to spend on healthcare.
Based on active agents, the metal metallic salt segment accounted for a major share and contributed to half of the global antimicrobial textile consumption in 2019. This is due to the extensive use of metal metallic salts like silver, copper, zinc, and cobalt in the fabrics along with their superior and long-lasting antimicrobial attributes.
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Apparels remain the major application are
Cotton stands out as the most popular of all the fabrics in the apparel market as it is naturally derived and offers comfortable wear, moisture control, and durability. Cotton antimicrobial textiles are likely to account for 40% of the overall share through 2026 considering the wide use of these fabrics in apparel applications. However, fluctuating weather conditions sometimes impose a challenge on the production of cotton.
Demand from apparel applications in the global antimicrobial textiles market will reach a significant revenue in the coming years. This is owing to the increasing development in the apparel sector that complies with textile policies and the mounting investments made by various textile manufacturers across different countries.
Application from antimicrobial home textiles is expected to reach more than USD 4 billion in yearly revenue through 2026 with the rise in demand for home furnishing options and the hike in spending. Moreover, the adoption of antibacterial and antifungal textiles for their incrementing use in curtains and bedsheets will enhance the consumption of antimicrobial textile materials.
Global trends in textile demand and development
Asia Pacific is a leading consumer of antimicrobial textile products and is pegged to record over USD 5.5 billion in yearly revenue up to 2026, owing to the development of healthcare facilities as well as the surge in per capita incomes and the regional population. There is a prominent presence of various textile manufacturers across the emerging economies in the region.
North America antimicrobial textile market was responsible for more than 25% of the global remuneration in 2019 with the consistent development of the textile businesses across the U.S. As per the National Council of Textile Organizations, the revenue collected from U.S. textile shipment in 2018 was valued at USD 76.8 million, which showed a considerable rise from the previous year.
Latin America is likely to emerge as a key market for antimicrobial textile materials and is projected to reach an annual evaluation of USD 1 billion in revenue up to 2026. This is due to the rising demand for textiles across the healthcare sector, intensifying hygiene awareness as well as the growth in the apparel sector.
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Antimicrobial textile manufacturers mainly constitute of domestic and international participants who are keen on novel product launches, and cost optimization strategies to sustain market competition. Also, the extensive use of antimicrobial fabrics in diverse applications has encouraged distribution and partnership agreements employed by firms with numerous end-user industries.
The ongoing COVID-19 virus outbreak has urged the demand for various fabrics to aid the medical staff. The increasing use of smart medical textiles in healthcare facilities could influence the adoption of antimicrobial textiles as multiple manufacturers are expanding their production activities to boost supply landscape.
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