According to a new report by Research and Markets, the world’s largest market research store, the global antimicrobial textile market is expected to grow from $9.38 billion in 2021 to $10.55 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The market is expected to reach $14.64 billion in 2026 at a CAGR of 8.5%.
An increase in consumer awareness regarding health and hygiene is contributing to the growth of the antimicrobial textile market. The COVID-19 pandemic has raised awareness about health and cleanliness and increased demand for antimicrobial textiles that can kill viruses. As a result, the textile industry’s companies are rapidly developing antimicrobial products.
Technological advancement is a crucial trend gaining popularity in the antimicrobial textile market. Major companies operating in the antimicrobial textile sector are focused on developing a new technological solution to reduce the spread of the virus and meet consumer demand. For instance, in June 2020, Aditya Birla Group, an India-based producer of Viscose staple fiber, launched antimicrobial fibers based on in-house technology. Antimicrobial fibers are a ground-breaking discovery that not only destroys but also prevents the growth of bacteria or viruses.
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