Packaging Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Packaging Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5557
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Market Overview:

The global packaging coating additives market is expected to exhibit a CAGR of 4.53% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Packaging coating additives refer to customized packing substances that are combined with solvents and then applied to various packaging solutions to improve their physical, chemical, mechanical, and thermal characteristics. They involve coating, dipping, and spraying as some of the common methods used for varnishing layers of papers, cans, containers and boxes. Packaging coating additives assist in reducing surface friction, ensuring product safety, eliminating the risk of external contamination, and optimizing the manufacturing and processing performance of packages. Apart from this, they exhibit corrosion-resistance, antimicrobial and water-repellency properties, due to which they are extensively used in packaging consumer goods, medical equipment, and industrial products. At present, packaging coating additives are commercially available in water, solvent, and powder-based formulation types.

Packaging Coating Additives Market Trends:

The increasing prevalence of nosocomial infection, along with the rising consumer concerns regarding the spread of various communicable diseases, is facilitating the need for non-toxic and antimicrobial packing solutions, such as packaging coating additives, across various industrial verticals. This, along with the sudden outbreak of coronavirus disease (COVID-19) pandemic is primarily driving the market growth. Moreover, the rapid expansion in the food and beverage (F&B) sector and the escalating sales of ready-to-eat (RTE) meals due to the hectic lifestyle and evolving consumer preferences have intensified the uptake of packaging coating additives to prevent food spoilage or leakage, which is supporting the market growth. Additionally, the deployment of aseptic processing in manufacturing stages and the introduction of bio-based slip additives to reduce plastic wastes are propelling the market growth. Other factors, such as the rising demand for flexible coating additives, continuous research and development (R&D) activities to enhance product performance, and the extensive use of anti-fog packaging coating additives to help maintain clarity and transparency of the packaging, are positively stimulating the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global packaging coating additives market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on formulation, function and application.

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
    • 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:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Formulation, Function, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Packaging Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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