Packaging Coating Additives Market Share, Size and Industry Growth 2022-27
Market Overview 2022-2027:
The latest research study “Packaging Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global packaging coating additives market is expected to exhibit a CAGR of 4.53% during 2022-2027.
Industry Definition and Application:
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|
|Segments covered||Formulation, Function, Application and Region|
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
Competitive Landscape with Key Player:
- 3M Company
- Akzo Nobel N.V.
- BASF SE
- Evonik Industries AG
- Altana AG
- Arkema S.A.
- Lonza Group AG
- PPG Industries Inc.
- Clariant AG
- Croda International Plc
- Daikin Industries Ltd.
- DIC Corporation
- Solvay S.A.
- The Sherwin-Williams Company.
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