Press release
Corrosion Protection Packaging Market Size & Share - Industry Trends and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “Corrosion Protection Packaging” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Corrosion Protection Packaging Market Overview
Volatile corrosion inhibitor or vapour corrosion inhibitors (VCI) is a material used to protect the ferrous as well as non-ferrous components from oxidation or any type of corrosion. VCI coating is done on various packaging like pouches, bags, plastic films, papers and others. This packaging releases chemical compound in sealed space which inhibits the process of oxidation. The corrosion protection packaging is fruitful for protecting surfaces in narrow space or surfaces where it is not possible to apply corrosion resistant coating directly. For packaging of mechanical and industrial components made up of metal, which are prone to corrosion, the corrosion protection packaging can be considered as a necessity. The growing steel production throughout the world and profitability of the corrosion protection packaging indicates a good market potential for the same.
Corrosion Protection Packaging Market Dynamics
Rust prevention is one of the major reasons of coating on the metal components. Sometimes, it is not possible to apply a coating on the surface directly. For transportation and temporary storage of metal components, VCI coated corrosion protective packaging is very useful as it does not require any direct coating over the component’s surface. Moreover, the coating can be done on most of the types of packaging. The vapour released by the coating is odourless and harmless to humans. These properties of the corrosion protection packaging have driven the market. This corrosion protection packaging is effective for most of the metals generally used mechanical components like brass, chrome, copper, steel, bronze, tin and others, the action of VCI vapours is completely opposite on some of the metals, that is the vapours increase the rate of oxidation of the metals such as zinc or zinc based alloys, cadmium, magnesium, lead and alloys of some other metals like brazing alloys. This makes corrosion protection packaging unsuitable for assemblies containing precision moving parts or optical systems. Moreover, direct exposure to sunlight or rise in temperature decomposes the vapour and makes the corrosion protection packaging ineffective. These factors have restricted the market for corrosion protection packaging.
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Corrosion Protection Packaging Market Segments
Corrosion protection packaging market can be segmented on the basis of type of coated packaging as
Paper
Heat sealable bags
Zip-lock bags
Gusseted bags
Plastic film rolls
Others
The corrosion protection packaging market can be segmented on the basis of end-use industries as
Construction
Transportation
Equipment manufacturer
Automotive
Shipbuilding
Others
The corrosion protection packaging market can be segmented by global regions as
North America
Latin America
Western Europe
Eastern Europe
Middle East & Africa
Asia Pacific excluding Japan
Japan
Corrosion Protection Packaging Market Regional Outlook
Asia Pacific is the largest producer as well as consumer of steel in the world. China alone contributes with half of the world’s steel production and consumption. These factors indicate a huge potential market for corrosion protection packaging in Asia Pacific, particularly China followed by India. Japan is the second largest producer of steel after China and also a prominent machinery producer in the world. The automobile industry is growing globally, especially in Asia Pacific, Western Europe, and North America. Construction industry of China is the largest, followed by the United States and then by India. Indonesia and India are two of the fastest growing construction industries in the world. Most of the facts and figures indicate a huge driving force for corrosion protection packaging market globally, especially in Asia Pacific, along with Japan.
Corrosion Protection Packaging Market Key Players
Some of the players of corrosion protection packaging market are
Smurfit Kappa Group
Nefab Group
Gulmohar Pack-Tech India Pvt. Ltd.
EnviroTech Europe Ltd
Elles Oberflächen Systeme GmbH
ASAPack A/S
MetPro Group
AGM Container Controls, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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