06-Oct-2022 | Facts and Factors
According to Facts and Factors, the global Packaging Coating Additives market size was estimated to be worth roughly USD 792.04 million in 2021 and is predicted to grow to around USD 1099.71 million by 2028. The global Packaging Coating Additives market is predicted to grow at a CAGR of roughly 4.80% during the forecast period.
Additives for packaging coatings are used to improve the packaging methods now in use. These additives improve the qualities of packaging materials while improving the handling and assembly of bundles. These coating additives serve as a barrier between the product and the packaging material, preventing the latter from clinging to the former and destroying it.
Browse the full “Packaging Coating Additives Market Size, Share, Growth Analysis Report By Function (Slip, Antistatic, Anti-Fog, Anti-Block, Antimicrobial), By Formulation (Water-based, Solvent-based, Powder-based), By Application (Food Packaging, Industrial Packaging, Healthcare Packaging, Consumer Packaging, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/packaging-coating-additives-market
The working class population's increased disposable income in developing economies is predicted to have a significant impact on the global packaging coating additives market. Additionally, the growing health consciousness is acting as a major factor influencing the market's growth from 2021 to 2028, according to projections.
The market's primary growth engine is the intensifying competition, which enables producers to develop innovative packaging strategies that use fewer resources. Work on protection and rising disposable income have also increased consumer interest in packaged goods. The requirement for non-toxic and antimicrobial packing solutions, such as packaging coating additives, across several industry verticals, is being facilitated by the rising incidence of nosocomial infection and the growing consumer concerns over the transmission of various communicable illnesses. The quick onset of the coronavirus disease (COVID-19) pandemic and the abovementioned factors are what are essentially fueling the global packaging coating additives market's expansion. Moreover, the rapid expansion in the food and beverage (F&B) sector and the escalating sales of ready-to-eat (RTE) meals due to the hectic lifestyle and evolving consumer preferences have intensified the uptake of packaging coating additives to prevent food spoilage or leakage, which is supporting the market growth.
The Covid-19 outbreak has negatively impacted the market for packaging coating additives in terms of volume sales, production, and distribution. The many limitations put in place by governments all around the world have had a huge effect on logistics. The pandemic-induced limits on imports, exports, and trading activity resulted in a sudden halt in the packaging coating additives market's operations. But it is projected that the market will develop significantly over the next several years, with the rise in demand from the healthcare sector serving as the primary engine of this expansion.
Friction and chemical stability are two issues that packaging materials are susceptible to. Additives that boost pH stability, create friction-free surfaces, and give packaged food items anti-microbial qualities are applied to packaging coating materials to improve performance. The consumption of packaged and processed foods is rising internationally as a result of rising disposable income and consumers' busy lifestyles, which will help to increase the market for packaging coating additives by driving the demand for packaging coatings.
The global Packaging Coating Additives market is segmented based on function, formulation, application, and region.
Based on function, the market is segmented into slip, antistatic, anti-fog, anti-block, and antimicrobial. During the anticipated period, the anti-block category is anticipated to hold the greatest market share for packaging coating additives. Due to their low cost, inorganic anti-block additives are utilized in numerous packaging applications.
Based on formulation, the market is segmented into water-based, solvent-based, and powder-based. According to estimates, the packaging coating additives market's water-based formulations will experience the fastest growth throughout the anticipated time frame. The water-based category will retain the largest market in 2021 because of its superior advantages, including lower VOCs, more press stability, improved wash-up time, and improved heat resistance.
Based on application, the market is segmented into food packaging, industrial packaging, healthcare packaging, consumer packaging, and others. During the forecast period, food packaging is anticipated to be the packaging coating additives market's fastest-growing application category. Plastic is used in food packaging, and it is prone to friction, microbiological activity, and fog. The market for food packaging applications is being driven by rising packaged food demand as well as rising finance and investment from producers of packaging additives.
The Asia-Pacific region dominated the global packaging coating additives market in 2021, and it is predicted that throughout the projected period, it would expand at the highest CAGR. This is related to the expanding demand for packaging applications. Due to elements including the easy availability of raw resources, evolving lifestyles, and rapid industrialization, the region's market is expanding favorably. The other leading countries in the region are China, Japan, India, Indonesia, and. For food packaging applications, the North American market had the second-largest market share in 2021 because of considerable technological advancements and an increase in consumer awareness of health issues. The US is the region's largest contributor because of the rising demand for bio-based slip additives.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 792.04 Million |
Projected Market Size in 2028 |
USD 1099.71 Million |
CAGR Growth Rate |
4.80% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Croda International Plc, BASF SE, Clariant AG, Lonza Group, 3M Company, Arkema Group (France), Evonik Industries AG, Solvay S.A., Ampacet Corporation, Addcomp Holland Bv, Kao Corporation, Abril Industrial Waxes Ltd, PCC Chemax Inc., Munzing Chemie Gmbh, and others. |
Key Segment |
By Function, Formulation, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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List of prominent players in the global packaging coating additives market
- Croda International Plc
- BASF SE
- Clariant AG
- Lonza Group
- 3M Company
- Arkema Group
- Evonik Industries AG
- Solvay S.A.
- ALTANA
- Brancher
- ColorMatrix
- Encres Dubuit
- Dainichiseika Color & Chemicals Manufacturing
- Siegwerk Druckfarben
- T&K TOKA
- Toyo Ink
- Wikoff Color
- Akzo Nobel N.V.
- DAIKIN INDUSTRIES Ltd.
- Ampacet Corporation
- Kao Corporation
- Höganäs AB
- PCC Chemax Inc.
- MÜNZING Corporation
- Others
Recent Developments:
In January 2020, ProAmpac acquired Rosenbloom Groupe Inc., Hymopack Ltd. And Dyne-A-Pak, business based in Canada that manufactures packaging products. This acquisition facilitates the expansion of ProAmpac in the region.
The global Packaging Coating Additives market is segmented as follows:
By Function
- Slip
- Antistatic
- Anti-Fog
- Anti-Block
- Antimicrobial
By Formulation
- Water-based
- Solvent-based
- Powder-based
By Application
- Food Packaging
- Industrial Packaging
- Healthcare Packaging
- Consumer Packaging
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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