The Antifog Additives market was valued at USD 1.7 billion in 2021 and is projected to reach USD 3 billion by 2030 at a CAGR of 7.0%.
The global Antifog Additives market was valued at USD 1.7 billion in 2021 and is projected to reach USD 3 billion by 2030 at a CAGR of 7.0%.
Fogging is the phenomenon of condensation of water vapor on the surface of the packaging material in the form of tiny discrete droplets. Antifog additives prevent fog formation in plastic films, primarily seen in agricultural and food packaging applications. The difference observed in temperature, humidity or surface tension causes vapors to condense on the surface of the product, resulting in fog production.
COVID-19 Impact on the Antifog Additives Market:
The outbreak of Covid-19 has had severe impact on all ecosystems of businesses worldwide including manufacturing, distribution, to end-use market movements. Consumers as well as product formulators were taken a back by the pandemic toll on general business protocols and emergence of businesses across the entire value chain but impact of pandemic was positive on the Antifog Additives films.
The rapid spread of COVID-19 is causing significant disruption to a wide range of industries across the globe. As these industries come under essential services, the impact of COVID-19 was not as worse as in other industries. Increase in demand and Consumer awareness for pandemic has impacted the food packaging safe deliveries which is expected to boost the market for antifog films. The revenue from the global food and beverage industry was valued at over USD 240 billion in 2020, which increased from approximately USD 158 billion in 2019. Antifog additives,used in producing films, create antifogging properties, thus protecting vegetables, fruits, meat, etc. Owing to these factors, the market for antifog additives is estimated to grow substantially through the forecast period. On the other hand, strict government policies, hazardous to health and environment, waste production at the time of film production, and the negative impact of the COVID-19 pandemic act as restraints for Antifog Additives market growth.
Asia-Pacific holds the largest market share, with the highest demand coming from India, China, and Japan. The packaging used in the food processing industry is highly susceptible to fog formation. Due to the increased demand for packaged food in countries like India and China, antifog additives are expected to increase in Asia. The Indian government is focusing on the food processing sector. The supply of processed agri-foods is expected to rise over the next five years, which may stimulate the demand for antifog additives in the country.
In Europe, the antifog additives market is a growing market driven by the rising development in food processing and packaging. Due to strategic innovations such as product launches and enhanced R&D operations in developing markets, the antifog additives market is strengthening in the region.
North America is also expected to be a potential Antifog Additives market in the future due to the increased knowledge regarding the use of antifog additives to maintain the quality of processed food.
The other regions, Latin America, the Middle East & Africa, are expected to show little development in the market for antifog additives. In the Middle East & Africa, Saudi Arabia is the second-largest plastic products manufacturer industrial company. Raw materials are easily accessible in the region, enabling it to supply customers in Saudi Arabia and expand its global network with a stronger position in the Middle East & Africa, one of the significant growth markets for plastic applications.
The antifog additives market is a growing market driven by the rising development in the food processing and packaging sectors. Due to strategic innovations such as product launches and enhanced R&D operations in developing markets, the antifog additives market is strengthening. North America is leading the market, followed by the Asia-Pacific and Europe. The main factors driving the antifog additives market are the cost-effective additive manufacturing and enhanced food and packaging sector demand. However, factors such as strict public regulations and plastic-related environmental issues are anticipated to limit the development of the antifog additives market during the forecast period.
LyondellBasell Industries Holdings B.V., Croda International PLC, Emery Oleochemicals, Avient, DuPont, PolyOne Corporation, A. Schulman, Inc., Akzo Nobel N.V., Clariant AG, Evonik Industries, Ashland Inc., Corbion N.V.are some of the companies which are leading in Antifog Additives Market.
Some of the key developments include:
The report segments the Antifog Additives Market by type, application, and region. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Antifog Additives emerging and fast-growing segments, regions, and countries.
Objectives of the Study
|Market Size||2030: 3 billion|
|CAGR||7.0% CAGR (2022-2030)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application,and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, Latin America, Middle East, Africa|
|Key Vendors||LyondellBasell Industries Holdings B.V., Croda International PLC, Emery Oleochemicals, Avient, DuPont, PolyOne Corporation, A. Schulman, Inc., Akzo Nobel N.V., Clariant AG, Evonik Industries, Ashland Inc., Corbion N.V.|
|Key Market Opportunities||Demand in the Food Packaging Industry|
|Key Market Drivers||• Increasing Demand from Agriculture Industry • Demand for coating films for mirrors and goggles|
The global Antifog Additives Market will register a growth of 7.0%.
Antifog additives are organic compounds that tend to reduce the surface tension, and their primary application is in the Agricultural and food packaging industry.
The Asia-Pacific is growing at the highest growth in the Global Antifog Market.
LyondellBasell Industries Holdings B.V., Croda International PLC, Emery Oleochemicals, Avient, DuPont, PolyOne Corporation, A. Schulman, Inc., Akzo Nobel N.V., Clariant AG, Evonik Industries, Ashland Inc., Corbion N.V are the key players in the Global Antifog Market.