The latest research study by IMARC Group, “Packaging Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global packaging coating additives market trends. The global packaging coating additives market is expected to exhibit a CAGR of 4.53% during 2022-2027.
Packaging Coating Additives Industry Outlook:
Packaging coating additives are customized packing substances combined with solvents and applied to several packaging solutions to improve their chemical, mechanical, physical, and thermal characteristics. Some of the commonly available additives are anti-block, antimicrobial, anti-fog, slip, and antistatic coatings. They are applied on the surface of plastic film or sheet through dipping, coating, or spraying for varnishing layers of papers, cans, containers, and boxes. They exhibit pH stability, antimicrobial, corrosion-resistance, and water-repellence properties that prevent friction on the surface. As a result, packaging coating additives are utilized for packaging foods, medical equipment, industrial products, and consumer goods.
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The market is primarily driven by the expanding food and beverage (F&B) industry and the surging sales of ready-to-eat (RTE) meals due to evolving consumer preferences and sedentary lifestyles. Packaging coating additives are widely utilized to pack various food items and prevent food leakage or spoilage.
Moreover, the growing prevalence of nosocomial infection, and the rising consumer concerns about the spread of various communicable diseases, are stimulating the need for non-toxic and antimicrobial packing solutions, such as packaging coating additives, across various industrial verticals. This, coupled with the sudden outbreak of the coronavirus disease (COVID-19) pandemic, represents another major growth-inducing factor.
Besides this, the rising usage of anti-fog packaging coating additives due to its ability to provide transparency and clarity and make food items visible to the customer is creating a positive market outlook across the globe. Furthermore, continuous research and development (R&D) activities conducted by key players to enhance product performance are also propelling market growth.
|Packaging Coating Additives Market Report Scope|
|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|
|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.|
Key Market Segmentation:
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
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
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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About IMARC Group:
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