Packaging Coating Additives Market 2022| Growth, Segments, Landscape and Demand by Forecast to 2028

Packaging coating additives are used to enhance various packaging methods and these are used in food and beverage packaging, consumer goods, industrial packaging, and in healthcare. Packaging material used in various packaging are prone to friction and possesses less stability. Additives are used with the packaging material to improve the performance, water-repellency, Ph stability, to provide less friction to surfaces, and anti-microbial properties. The increasing demand for packaging from the food industry is expected to drive the market growth of packaging coating additives globally.

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MARKET DYNAMICS

The packaging coating additives market has witnessed a significant growth owing to factor such as growing demand for packaging coating additives products from food packaging, industrial packaging, and healthcare packaging sectors is expected to propel the target market growth in the near future. With the increasing disposable income of the consumers in the emerging countries, there is a rising demand for packaged food products, which is further creating demand for packaging coating additives. Moreover, e-commerce play a vital role in the growth of packaging coating additives. There is an increasing trend of online shopping among the consumers globally and with the growth of e-commerce, almost all products can be bought through online channels, which is further creating demand for packaging coating additives. However, environmental factors, including recycling, health concerns, and air pollution, may hamper the growth of packaging coatings additives market. Fluctuating prices of raw materials is another factor which may restraint the market growth of packaging coating additives. Nevertheless, market players are adopting strategies to stay competitive in the market and with new innovative products, there are opportunities to open new growth avenues for the packaging coating additives market.

MARKET SCOPE

The "Global Packaging Coating Additives Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the packaging coating additives market with detailed market segmentation by function, formulation, application, and geography. The global packaging coating additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading packaging coating additives market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global packaging coating additives market is segmented on the basis of function, formulation, and application. On the basis of function, the packaging coating additives market is segmented into slip, anti-static, anti-fog, anti-block, and antimicrobial. Based on formulation, packaging coating additives market is segmented into water-based, solvent-based, and powder-based. The packaging coating additives market on the basis of the application is classified into Food, Industrial, Healthcare, and Consumer.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global packaging coating additives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The packaging coating additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the packaging coating additives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the packaging coating additives market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global packaging coating additives market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

The market payers from packaging coating additives market are anticipated to lucrative growth opportunities in the future with the rising demand for packaging coating additives in the global market. Below mentioned is the list of few companies engaged in the packaging coating additives market.

- Akzo Nobel N.V.
- Arkema Group
- BASF SE
- Clariant AG
- Croda International PLC
- Daikin Industries, Ltd.
- Evonik Industries AG
- Lonza Group
- Solvay S.A.
- The 3M Company

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This release was published on openPR.