Global Packaging Coating Additives Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Packaging Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global packaging coating additives market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global packaging coating additives market size reached US$ 798.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,039 Million by 2028, exhibiting a growth rate (CAGR) of 4.43% during 2023-2028.
Packaging coating additives are chemical substances or compounds incorporated into coating formulations designed for packaging materials. They are compatible with a wide range of coating systems, ensuring ease of incorporation and uniform distribution. They exhibit versatility in terms of functionality, including adhesion promoters, anti-blocking agents, slip additives, anti-fungal agents, and ultraviolet (UV) stabilizers. They are chemically stable and do not react with the packaging materials or other components in the coating formulation. They can contribute to prolonging the shelf life of the packaged products by providing an effective barrier against oxygen, moisture, and other contaminants. These additives can reduce the need for additional layers or expensive packaging materials, leading to cost savings in the long run. They improve the surface characteristics of cartonboard materials, making them suitable for high-quality printing and packaging applications. They are used in coatings for flexible materials like plastic films, foils, and paper to improve printability, barrier properties, and overall durability. They can be incorporated into coatings for corrugated boxes to enhance their moisture resistance and stacking strength. Besides this, as they help prevent corrosion and maintain product quality, the demand for packaging coating additives is increasing across the globe.
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Global Packaging Coating Additives Market Trends and Drivers:
Rapid urbanization, busy lifestyles of individuals, and the increasing consumption of on-the-go and convenience products are favoring the market growth. Packaging coating additives enable the development of packaging solutions that are easy to open, resealable, and convenient for busy people. Additionally, the growing health concerns related to packaging materials are leading to the development of additives that are free from harmful substances like Bisphenol A and phthalates. Along with this, the increasing utilization of packaging coating additives in the food and beverage (F&B) industry for preserving the freshness and quality of products is strengthening the growth of the market. The rising preferences of individuals for packaging that can extend the shelf life of perishable goods and protect them from contamination is strengthening the growth of the market. Apart from this, the rising shift towards e-commerce and online shopping is driving the demand for effective packaging solutions to protect goods during transit. Moreover, ongoing research and development (R&D) activities are leading to the introduction of advanced packaging coating additives. These additives offer improved performance, such as better adhesion, UV resistance, and anti-scratch properties. Furthermore, the rising demand for packaging coating additives in the healthcare industry to protect products from tampering, UV, and chemicals is influencing the market positively. Along with this, the rising trend towards sustainability is promoting the development of bio-based and eco-friendly packaging coating additives. Besides this, the continuous rise in counterfeit products is catalyzing the demand for packaging coating additives that incorporate anti-counterfeiting features, such as holographic effects, security inks, and tamper-evident properties. Furthermore, various leading brands are increasingly adopting packaging coating additives that allow for customization and personalization.
Global Packaging Coating Additives Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
3M Company, Akzo Nobel N.V., Altana AG, Arkema S.A., BASF SE, Clariant AG, Croda International Plc, Daikin Industries Ltd., DIC Corporation, Evonik Industries AG, Lonza Group AG, PPG Industries Inc., Solvay S.A. and The Sherwin-Williams Company
The report segmented the market on the basis of region, formulation, function and application.
Breakup by Formulation:
- Water-based
- Solvent-based
- Powder-based
Breakup by Function:
- Slip
- Anti-static
- Anti-fog
- Anti-block
- Antimicrobial
Breakup by Application:
- Food and Beverage Packaging
- Industrial Packaging
- Healthcare Packaging
- Consumer Packaging
- Others
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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