According to the latest report by IMARC Group, “Global Packaging Coating Additives Market Analysis, Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global packaging coating additives market is expected to exhibit a CAGR of 4.53% during 2022-2027.
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. And, 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.
Note: 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.
|Base Year: 2021|
|Forecast Year: 2022-2027|
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.
Global Packaging Coating Additives Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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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The report has segmented the market on the basis of region, formulation, function and application.
Breakup by Formulation:
Breakup by Function:
The Breakup by Application:
- Food and Beverage Packaging
- Industrial Packaging
- Healthcare Packaging
- Consumer Packaging
Breakup by Region:
- 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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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Also Read: Global Antacid Market Size, Share & Growth Report 2022-2027
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