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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Global Packaging Coating Additives Market
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