According to study, “Global Packaging Coating
Additives Market Size study, by Function (Anti-Block, Anti-Fog, Antimicrobial,
Antistatic, Slip), by Formulation (Water-based, Solvent-based, Powder-based),
by Application (Food Packaging, Industrial Packaging, Healthcare Packaging,
Consumer Packaging, Others) and Regional Forecasts 2018-2025”
some of the major companies that are currently working in the global packaging
coating additives market are Arkema Group, BASF SE, Evonik Industries AG, Hoganas
AB, Flint Group, Lonza Group, DIC Corp., Daikin Industries Ltd., Clariant AG,
Solvay S.A., Croda International PLC, Add comp Holland Bv,3M Company, Akzo
Nobel N.V., Kuraray, Ampacet Corporation,ALTANA AG, Abril Industrial Waxes Ltd,
The Sherwin-Williams Company, Ashland, The Lubrizol Corporation, PPG Industries
Inc., PCC Chemax Inc., DuPont Inc., KAO Corporation, Munzing Chemie GmbH. All
these manufacturers are progressively more investing a lot for providing safe &
advanced packaging solutions to augment the growth of the market. Moreover rising
health awareness also to add new growth aspect and reaching to the sustainable
solutions which are cost-effective and safe for the packaging.
Packaging coating additives is the
packaging material used in food packaging industry augmenting the properties associated
with the packaging materials, the shelf time expansion and preventing the
leakage & spoiling of the food products. They also benefits associated with
low weight, low density, cost efficient, durability, sustainable, versatile temperature
range, recyclable and safety.
Based on the product, the global
packaging coating additives market is also segmented into surface modifiers,
rheology modifiers, and flow & leveling agents. Packaging coating additives
also contain paint additives that are designed to get better properties like
anti-abrasion, matting, sanding & texturing and slip & rub. Based on
the function, the market is segmented into anti-fog, antistatic, antimicrobial,
anti-block and slip. The antimicrobial segment is expected to account for prevalent
market share in the subsequent years due to increase in number of patients fever
bacteria such as fungi, bacteria, mildew, and other microorganisms. Based on
the formulation, the market is segmented into solvent based formulation, water
based formulation and powder based formulation. Water based formulation provides
benefits such as enhanced wash-up time, greater press stability, lower VOCs,
and improved heat resistance. Based on application market is segmented into
industrial packaging, consumer packaging, food packaging, healthcare packaging
and others.
The global packaging coating additives
is driven by increase in disposable income of followed by rise in awareness on
health, increase in urbanization and utility off packaging coatings in the emerging
countries. Apart from benefits, some of the restraints adding volatility are
use of the raw material prices, stringent environmental & government regulations
and limitation of VOC emission. Moreover, the biggest opportunity to this
market is the increasing demand for bio-based slip additives.
Asia-pacific region adds
significant market share due to mounting demand from the food packaging
applications. Additionally, region is also at the center for foreign investment
& fueling the manufacturing sector with the low labor cost, increasing
adoption of modern technologies and easy availability of raw material. In the
near future, it is projected that the future of the market to be bright caused
by change in lifestyles & consumer behavior.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
