The global market for carbon black for packaging, valued at around US$ 175 million in 2018, continues to demonstrate gradual growth. A new study on the carbon black for packaging market forecasts the CAGR of 2.8% for market revenue during the forecast period, 2018-2028.Carbon black, when used to produce conductive material, is lightweight, easy to manufacture, and chemical resistant. With the increase in consumption of electrical and electronics devices, the carbon black for packaging market is expected to grow tremendously during the forecast period. Leading manufacturers are planning to expand their market presence in the emerging economies of Asia-Pacific and Latin American regions. It is noticed that the manufacturers of carbon black for packaging in China are largely benefitting from the high demand for ESD (electrostatic discharge)-protective packaging.

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The sales channel and marketing strategies of the companies are focused on creating a large base of distributors to increase the reach of their products to a global scale. Carbon black imparts strong electrical conductivity to the intrinsically-insulated polymer materials. Manufacturers of ESD packaging products face numerous challenges during the compounding process of carbon black and polymers.A large number of end-user companies are thus looking for ready-made master-batch solutions due to their inability to handle technical challenges during compounding.

Some companies, such as Cabot Corporation, in the global carbon black for packaging market are also planning to offer carbon black, as well as compounded conductive polymers, to cater to a large segment of customers in the value chain of the ESD packaging market.Product Development & Innovations to Create New Growth Potential in Carbon Black for Packaging MarketPlastics are the major application area for the specialty carbon black manufacturers, accounting for more than 50% of the global specialty carbon black market. In the plastics segment, the packaging sub-segment accounts for a noticeable market share throughout the forecast period. The major trend noticed in the carbon black for packaging market is capacity expansion. Some of the top manufacturers of carbon black for packaging have already expanded their global footprint by establishing a manufacturing base in emerging economies of the Asia-Pacific region, particularly in India and China.Product development and innovation will further create new growth potential in the global carbon black for packaging market.

Companies are spending high chunks of money on research and development of carbon black products to develop products that offer negligible water abortion, good disperse-ability, and less impurities. Manufacturers of carbon black for packaging are also focusing on manufacturing conductive polymers to offer a variety of products to cater to a large segment of customers in the value chain of the global market.Growing Popularity of Carbon Nanotube to Hamper Carbon Black for Packaging Market GrowthCarbon nanotubes are gaining strong traction in the global conductive polymers market. These have emerged as the most effective additive solution to impart conductivity to polymer materials. It should be noted that the carbon nanotubes are 1000x more powerful than other widely used alternative additive solutions such as carbon black. This might hamper the global carbon black for packaging market during the forecast period.

Commercially-available static control materials usually contain 15-20% carbon black as an additive in ESD materials. The high content of carbon black leads to high surface conductivity which results in an uncontrolled discharge through the ESD material. This has resulted in a decline in the growth rate of the carbon black for packaging market. Also, the market share of carbon black, in ESD packaging market, is expected to decrease from 62.0% in 2016 to 56.5% in 2027 due to its damaging properties on sensitive electrical components.

Carbon Black for Packaging Market: Manufacturers Focusing on Expansion within Chinese MarketAPAC currently dominates the carbon black for packaging market, with almost half of the global value. China will particularly continue dominance in carbon black for packaging market owing to the ever-increasing production and consumption of electrical and electronics devices. Despite the lead, Chinese market for carbon black for packaging has been slated for a sluggish CAGR over 2018-2028. Indian market is also expected to generate decent opportunities for the established as well as new entrants in the global carbon black for packaging market. Some of the major manufacturers based in India include Philips Carbon Black Limited, Continental Carbon Company, and Aditya Birla Group.

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Carbon Black for Packaging Market: Key PlayersKey players operating in the global carbon black for packaging market include Phillips Carbon Black Limited, Birla Carbon U.S.A., Inc., Continental Carbon India Limited, Cabot Corporation, Tokai Carbon Group (Cancarb), Sealed Air Corporation, Pregis Corporation, DS Smith Plc, Achilles Corporation, Delphon Industries, LLC, Smurfit Kappa Group, Storopack Hans Reichenecker GmbH, Desco Industries Inc., Nefab Group, Teknis Limited, Elcom (UK) Ltd., GWP Group Limited, International Plastics Inc., AUER Packaging GmbH, Pure-Stat Engineered Technologies, Inc., and Protective Packaging Corporation.