Global Packaging Coating Additives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Packaging Coating Additives Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global packaging coating additives market report has been segmented on the basis of function, technology, application, and region.
Packaging coating additive is a type of additive used to enhance various packaging methods. Packaging coating additives are used enhance manufacturing and processing performance of packages, and enhances the characteristics of materials used for packaging. Packaging coating additives act as a barrier between product and packaging material used and restrict both of them from sticking which helps in easy removal of packaging material. Packaging coating additive materials are utilized to consumer goods, package foods, industrial products, and medical equipment, among others. These packaging additives are prone to friction and hold less chemical stability. In addition, these additives are used to improve its anti-microbial properties, pH stability, performance, water-repellency, and offer less friction surface.
Increased disposable income increased demand for packaged items and thus in turn expected to increase demand for coating additives products. This is major factor expected to drive growth of the global market. In addition, various advantages offered by packaging coating additives products such as lower costings, ease of handling, and negligible wastages, among others is among factor expected to fuel the global market growth.
Rising demand for packaging coating additives products from industrial packaging and healthcare packaging sectors is another factor estimated to propel the target market growth. Rising demand for flexible packaging coatings materials, rapid growth in the food and beverage industry, and rising trend for E-commerce in developed as well as developing countries is additional factor projected offer lucrative growth opportunities for major players operating in the global market. However, emissions of harmful VOC during production process and stringent government regulations in developed counties are major factors expected to hamper the target market growth.
Among the function segments, the anti-block segment is estimated to account for moderate revenue share in the global packaging coating additives market. Applications of anti-block additives in packaging materials prevents adhesion of layers. In addition, inorganic anti-block additive is non-migratory in nature and widely utilized in various packaging applications owing to their cost-effectiveness. The anti-block segment is expected to register highest revenue growth.
Among the technology segments, the water-based segment is expected to account for moderate share in terms of revenue in the global packaging coating additives market. The water-based segment is projected to register fastest GAGR.
Among the application segments, the food packaging segment is projected to account for major revenue share in the global packaging coating additives market. The food packaging segment is projected to register highest GAGR.
Asia Pacific market is projected to register for major share in terms of revenue in the global packaging coating additives market. This is attributed to high demand from food packaging and healthcare packaging sectors. Asia Pacific market is projected to register fastest GAGR, owing to growing demand for packaging coating additives products from various industrial and manufacturing sectors in the countries in region.
Global Market Segmentation:
Global market segmentation, by Function:
Global market segmentation, by Technology:
Global market segmentation, by Application:
- Food Packaging
- Industrial Packaging
- Healthcare Packaging
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Croda International PLC
- BASF SE
- Clariant AG
- Lonza Group Ltd
- 3M Company
- Arkema S.A.
- Evonik Industries AG
- Solvay SA
- Akzo Nobel N.V.
- Daikin Industries, Ltd.
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