Global Packaging Coating Additives Market by Function (Slip, Anti-Static and Anti-fog, Anti-block, and Antimicrobial), by Formulation (Water-based, Solvent-based, and Powder-based), by Application (Food and Industrial, Healthcare, Consumer, and Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US$ 1,058.81 Mn by 2027, at a CAGR of 4.9 % during a forecast period.
Packaging coating additives are widely used to package food, industrial products, Health care equipment, etc. Food packaging involves plastic material, which is prone to friction, microbial activities, and moisture. Rise in demand for packaged foods and rise in investments & funding in food packaging application by packaging additive manufacturers are driving the packaging coating additives.
The Anti-block segment accounted for the largest share of the packaging coating additives market in 2019.
The anti-block segment dominant the largest share of the global packaging coating additives market in 2019. The anti-block additives creates little bumps on the film’s surface, thereby preventing the adhesion of the layers. Inorganic anti-block additives are non-migratory in nature and are used in various packaging applications due to their cost-effectiveness. The demand for anti-block additives is driven by the rising population, increasing disposable incomes, and rising standards of living.
The Food segment dominant the market in the forecast period.
Increasing disposable incomes of the middle-class population globally has resulted into stimulating demand for safe and food and packaging, thereby fueling adoption of Packaging Coating Additives. Expected to account for approximately half revenue share of the market, Food segment is anticipated to remain the most attractive segment for sales of Packaging Coating Additives. The consumer goods sector uses coating additives for packaging of luxury goods as they provide protection against scratches, abrasions, and resistance to chemicals and microbial activities.
Asia Pacific dominated the Packaging Coating Additives market in 2017.
The APAC region is developing market with funding from several multinational manufacturers, particularly in countries such as China, New Zealand, and Japan. Asia Pacific holds the largest market share for Packaging Coating Additives in 2017 and also expected to dominant throughout the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufactures such as Croda International Plc, BASF SE, Clariant AG, Lonza Group, 3M Company, Arkema Group, Evonik Industries AG, Solvay S.A., Altana, Brancher, Color matrix, Encres Dubuit, Dainichiseika Color & Chemicals Manufacturing, Siegwerk Druckfarben, T&K TOKA, Toyo Ink, and Wikoff Color. Key players and manufactures are focusing on entering the new market by producing and launching technically advance and cost-effective products in the market. Production capacity expansion, brand portfolio expansion, mergers, collaborations, joint ventures and acquisitions of innovative businesses is the key trend to foot hold and penetrate market.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about global packaging coating additives market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking in product strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global packaging coating additives market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global packaging coating additives market positioning of competitors.
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