The latest research study “Packaging Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global packaging coating additives market is expected to exhibit a CAGR of 4.53% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Global packaging coating additives are substances that are merged with solvents and then utilized in various packaging solutions to enhance their mechanical, thermal, chemical and physical characteristics. They include dipping, spraying and coating as a few common methods used for varnishing layers of containers, boxes, papers and cans. They aid in diminishing surface friction, warranting product safety, eradicating the risk of contamination, and optimizing the processing and manufacturing performance of packages. They also display corrosion-resistance, water-repellency and antimicrobial properties on account of which they are significantly utilized in packaging consumer goods, industrial products and medical equipment. Nowadays, packaging coating additives are commercially present in power-based, water and solvent formulation types.
Global Packaging Coating Additives Market Trends and Drivers:
One of the primary factors driving the market is the rising instances of nosocomial infection and the increasing consumer concerns about the spread of several communicable diseases. Additionally, the coronavirus disease (COVID-19) outbreak has increased the need for non-toxic and antimicrobial packing solutions, such as packaging coating additives, to facilitate contactless deliveries and prevent the spread of the virus. Besides this, rapid growth in the food and beverage (F&B) sector and the rising sales of ready-to-eat (RTE) meals due to busy lifestyles and developing consumer preferences have resulted in the extensive application of packaging coating additives to avoid food leakage or spoilage. Furthermore, the distribution of aseptic processing in the manufacturing stages and the launch of bio-based slip additives to diminish plastic wastes are catalyzing the market growth. Other major growth-inducing factors include continuous research and development activities to improve product performance, extensive usage of anti-fog packaging coating additives and the increasing demand for flexible coating additives.
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|Packaging Coating Additives Market Report Scope|
|Market size value in 2021||US$ XX Billion|
|Market forecast in 2027||US$ XX Billion|
|Growth Rate||CAGR of 4.53% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Formulation, Function, Application and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||3M Company, Akzo Nobel N.V., Altana AG, Arkema S.A., BASF SE, Clariant AG, Croda International Plc, Daikin Industries Ltd., DIC Corporation, Evonik Industries AG, Lonza Group AG, PPG Industries Inc., Solvay S.A. and The Sherwin-Williams Company.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Formulation:
Breakup by Function:
Breakup by Application:
- Food and Beverage Packaging
- Industrial Packaging
- Healthcare Packaging
- Consumer Packaging
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are 3M Company, Akzo Nobel N.V., Altana AG, Arkema S.A., BASF SE, Clariant AG, Croda International Plc, Daikin Industries Ltd., DIC Corporation, Evonik Industries AG, Lonza Group AG, PPG Industries Inc., Solvay S.A. and The Sherwin-Williams Company.
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