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According to the latest report by IMARC Group, titled " PackagingCoatingAdditivesMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunityand Forecast2022-2027
," the global packaging coating additives market is expected to exhibit a CAGR of 4.53% during 20222027.
Packaging coating additives refer to specialized substances used to enhance the physical, chemical, mechanical, and thermal properties of packaging products. They are combined with solvents and applied using various methods, such as coating, dipping, and spraying, for varnishing layers of paper, cans, containers, and boxes. They possess superior corrosion resistance, water repellency, pH stability, and antimicrobial properties.
They help minimize surface friction, ensure product safety, reduce the risk of external contamination, and improve package manufacturing and processing performance. As a result, packaging coating additives find extensive applications in packaging consumer goods, medical equipment, and industrial products.
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The surging health consciousness among consumers due to the rising incidences of nosocomial infection represents the primary factor driving the market growth. Additionally, the recent coronavirus disease (COVID-19) outbreak has strengthened the need for non-toxic and antimicrobial packing solutions, such as packaging coating additives, across various industries. In line with this, the growing consumption of ready-to-eat (RTE) and processed foods owing to the changing consumer preferences, elevating income levels, and hectic lifestyles have encouraged product adoption to prevent food spoilage or leakage and extend its shelf life. Besides this, the increasing popularity of anti-fog packaging coating additives to maintain the clarity and transparency of the packaging is another major growth-inducing factor.
Furthermore, the leading manufacturers are engaging in research and development (R&D) activities and utilizing aseptic processing in manufacturing stages to enhance product performance. Along with this, the launch of bio-based slip additives to reduce plastic waste has augmented product demand. Other factors, including the expanding food and beverage (F&B) sector, shifting preferences toward flexible coating additives, rising consumer concerns regarding the spread of infectious diseases, and surging penetration of online food delivery services, are also providing a positive thrust to the market growth.
View Report TOC, Figures and Tables:
https://www.imarcgroup.com/packaging-coating-additives-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Formulation:
• Water-based
• Solvent-based
• Powder-based
Breakup by Function:
• Slip
• Anti-static
• Anti-fog
• Anti-block
• Antimicrobial
Breakup by Application:
• Food and Beverage Packaging
• Industrial Packaging
• Healthcare Packaging
• Consumer Packaging
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• 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
• The Sherwin-Williams Company
1. Whatistheexpectedgrowthrateoftheglobalpackagingcoatingadditivesmarketduring20222027?
2. Whatarethekeyfactorsdrivingtheglobalpackagingcoatingadditivesmarket?
3. WhathasbeentheimpactofCOVID-19ontheglobalpackagingcoatingadditivesmarket?
4. Whatisthebreakupoftheglobalpackagingcoatingadditivesmarketbasedontheformulation?
5. Whatisthebreakupoftheglobalpackagingcoatingadditivesmarketbasedonthefunction?
6. Whatisthebreakupoftheglobalpackagingcoatingadditivesmarketbasedonapplication?
7. Whatarethekeyregionsintheglobalpackagingcoatingadditivesmarket?
8. Whoarethekeyplayers/companiesintheglobalpackagingcoatingadditivesmarket?
Clickheretovisitthecompletetableofcontentwithlistoffiguresandtables: https://www.imarcgroup.com/packaging-coating-additives-market/toc
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