Packaging Coating Additives Market Research Report- Forecast to 2030

Packaging Coating Additives Market Research Report: by Function (Slip, Anti-Static, Anti-Fog, Antimicrobial), Formulation (Water-Based, Solvent-Based, Powder-Based), Application (Food Packaging, Industrial Packaging) and Region - Forecast to 2028

ID: MRFR/CnM/5583-HCR | February 2023 | Region: Global | 140 Pages         

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Packaging Coating Additives Market

The global packaging coating additives market is projected to grow at a CAGR of 5.09% to reach USD 1,025.129 million by 2028 from USD 762.349 million in 2020.

Segmentation
By Function Slip Anti-Static Anti-Fog Antimicrobial
Formulation Water-Based Solvent-Based Powder-Based
Application Food Packaging Industrial Packaging
Key Players
Companies Profiled   Croda International PLC (UK)   BASF SE (Germany)   Clariant (Switzerland)   3M (US)   Lonza Group (Switzerland)   Arkema Group (France)   Solvay (Belgium)   Evonik Industries AG (Germany)   Daikin Industries Ltd. (Japan)   Akzo Nobel N.V. (The Netherlands)   KAO Corporation (Japan)
Drivers
Market Driving Forces   Increasing purchasing power of the middle-class population
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Packaging Coating Additives Market Overview The global packaging coating additives market is projected to grow at a CAGR of 5.09% to reach USD 1,025.129 million by 2028 from USD 762.349 million in 2020. Foods, consumer goods, medical equipment, and industrial products all require packaging coating materials. Friction is a problem with certain packaging materials, and they are less chemically stable. Additives are used to increase the product's performance, antimicrobial qualities, water repellency, pH stability, and friction surface. The Global Packaging Coating Additives Market is predicted to be driven by the rising purchasing power of the middle-class population. Packaging Coating Additives Market expansion is expected to be aided by rising packaged product demand. Additionally, rising health awareness among the growing population is expected to fuel market expansion. Market participants should expect considerable growth possibilities in emerging markets in developing countries. Furthermore, increased demand for bio-based slip additives is expected to give numerous chances for market participants. Antimicrobial packaging additives are in high demand in a variety of industries, including healthcare and pharmaceuticals. High antibacterial activity, hardness, durability, and transparency are all characteristics of antimicrobial packaging additives. They're found in non-toxic plastic products. Antimicrobial additives are being used in air vents to reduce the spread of communicable diseases due to the growth in hospital-acquired infections. Increased consumer awareness of health and hygiene is predicted to boost demand for antimicrobial compounds, which will drive up demand for package coating additives.

Global Packaging Coating Additives Market Share, by Application, 2017 (%)


Packaging Coating Additives Market Source: MRFR analysis Regional Analysis:


The Global Packaging Coating Additives Market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


The Asia-Pacific market dominated the Packaging Coating Additives Market in 2017 and is estimated to register the highest CAGR during the forecast period. This is attributed to growing demand from packaging application. Factors such as easy availability of raw materials, changing lifestyles, and rapid industrialization is favoring the market growth in the region. China is the leading country in the region followed by Japan, India, and Indonesia. The North American market accounted for the second-largest market share in 2017 due to rising health awareness for food packaging application and growing technological advancements in the region. The US is the major contributor in the region due to rising focus on bio-based slip additives. The European market held a significant market share in 2017 and is expected to grow at a moderate CAGR during the review period owing to the stringent government regulations on ban of plastic products for packaging. Germany is the leading country in the region due to its product innovation and presence of major manufacturing companies such as BASF SE and Evonik Industries AG in the region. The Middle East & Africa held a moderate market share in 2017 owing to favorable government rules in the region. South Africa is the major contributor in the region. The Latin American market is estimated to grow at a steady CAGR in the coming years owing to the growing packaging applications in consumer goods. Brazil, Mexico, and Argentina are the regional contributors.


Segmentation analysis:


The Global Packaging Coating Additives Market has been segmented on the basis of Function, Formulation, Application and Region.


Based on Function, the Global Packaging Coating Additives Market has been categorized into slip, anti-static, anti-fog, anti-block, and antimicrobial.


By Formulation, the Global Packaging Coating Additives Market has been classified into water-based, solvent-based, and powder-based.


On the basis of Application, the Global Packaging Coating Additives Market has been divided into food packaging, industrial packaging, healthcare packaging, consumer packaging, and others.


The Global Packaging Coating Additives Market has been studied across five key regions namely, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key players:


Some of the key players operating in the Global Packaging Coating Additives Market are Croda International PLC (UK), BASF SE (Germany), Clariant (Switzerland), 3M (US), Lonza Group (Switzerland), Arkema Group (France), Solvay (Belgium), Evonik Industries AG (Germany), Daikin Industries, Ltd. (Japan), Akzo Nobel N.V. (The Netherlands), and KAO Corporation (Japan).Recent Development


Due to its product innovation and the presence of large industrial businesses such as BASF SE and Evonik Industries AG in the region, Germany is the dominant country in the region. Due to favorable government rules in the region, the Middle East and Africa held a moderate market share. South Africa is the region's largest contributor. Because of the expanding packaging applications in consumer goods, the Latin American market is expected to rise at a steady CAGR in the next years. The regional contributors include Brazil, Mexico, and Argentina.

Target Audience:



  • Traders and distributors of packaging coating additives

  • Packaging coating additives manufacturers

  • Potential investors

  • Production process industries

  • Raw material suppliers

  • Nationalized laboratories

  • Government bodies



Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   Substantial CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Function, Formulation, Application and Region
  Geographies Covered   Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
  Key Vendors   Croda International PLC (UK), BASF SE (Germany), Clariant (Switzerland), 3M (US), Lonza Group (Switzerland), Arkema Group (France), Solvay (Belgium), Evonik Industries AG (Germany), Daikin Industries, Ltd. (Japan), Akzo Nobel N.V. (The Netherlands), and KAO Corporation (Japan).
  Key Market Opportunities   Growing consumption of packaged products
  Key Market Drivers   Increasing purchasing power of the middle-class population


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Frequently Asked Questions (FAQ) :

The outlook of the global packaging coating additives market looks quite assuring.

The food packaging segment accounts for the largest share in the global packaging coating additives market.

Increasing purchasing power of the population, Growing consumption of packaged products, Rising health awareness among growing population, Augmenting demand for bio-based slip additives.

Asia Pacific holds the largest share in the global packaging coating additives market, followed by North America and Europe, respectively.

BASF SE (Germany), Croda International PLC (UK), Clariant (Switzerland), Lonza Group (Switzerland), 3M (US), Arkema Group (France), Evonik Industries AG (Germany), Solvay (Belgium), Akzo Nobel N.V. (The Netherlands), Daikin Industries, Ltd. (Japan), and KAO Corporation (Japan), are some of the major players operating in the packaging coating additives market.