According to ResearchAndMarkets.com, 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 by 2026 at a CAGR of 8.5%.
North America was the largest region in the antimicrobial textile market in 2021, but Asia-Pacific is expected to be the fastest-growing region in the coming years. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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 has increased the demand for antimicrobial textiles that can kill viruses. As a result, the textile industry’s companies are rapidly developing antimicrobial products.