Global Packaging Coating Additives Market is expected to grow at a CAGR of 4.6% and reach USD 917 million By 2024

0

Zion Market Research has published a new report titled “Packaging Coating Additives Market by Function (Slip, Anti-Fog, Anti-Static, Antimicrobial, and Anti-Block), by Formulation (Powder-Based, Water-Based,and Solvent-Based), and by Application (Food, Healthcare, Industrial, and Consumer): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global packaging coating additives market was valued at USD 657millionin 2017 and is expected to reach USD 917millionby 2024, growing at a CAGR of 4.6% between 2018 and 2024.

The global market for packaging coating additives is likely to benefit from the growing packaging industry across the globe. The new developments in packaging materials and product designs are further projected to boost the demand for packaging coating additives market.

Request Free Sample Report of Packaging Coating Additives Market Report @  www.zionmarketresearch.com/sample/packaging-coating-additives-market

The increasing demand from the food industry for packaging coating additives is expected to drive the market growth of packaging coating additives globally. Strong growth witnessed across the food industry globally further likely to be the prime growth driver for packaging coating additives market. Environmental factors, such as recycling, health concerns, and air pollution, affect the technology of packaging coatings and additives. Higher raw material accessibility is further anticipated to propel the packaging coating additives market growth. The fluctuating prices of raw materials and increasing costs of production might hamper the growth of the packaging coating additives market within the forecast period. Manufacturing companies are focusing on making innovative products that are likely to open new growth avenues for the packaging coating additives market in the near future.

By function, the packaging coating additives market includes slip, anti-fog, anti-static, antimicrobial, and anti-block. Anti-block segment is anticipated to grow at the highest CAGR in the upcoming years. This segment helps in preventing the layers’ adhesion during processing or storage. Growing population, rising standards of living, and changing lifestyles favoring easy made packaged foods are the key drivers that are likely to fuel the demand for anti-block additives in the upcoming years. By formulation, water-based formulation held the largest market share in 2017. Water-based formulations offer more benefits as compared to conventional solvent-based inks, such as greater press stability, lower volatile organic compound content, lowered fire/safety hazards, improved wash-up time, and better heat resistance. The food application segment held the largest market share in 2017. It accounted for more than 27%market shares in 2017, as they have different mechanical properties, such as high durability and weathering resistance. Furthermore, increasing demand for packaging coating additives in industrial applications projected to propel the packaging coating additives market growth over the years to come.

Download Free PDF Report Brochure @ www.zionmarketresearch.com/requestbrochure/packaging-coating-additives-market

The Asia Pacific was the leading market for packaging coating additives and held around33% of the overall market share in 2017. Furthermore, in 2017, North America was the second largest market for packaging coating additives, with around 27% share followed by Europe, which held around 20% of the market share. The Asia Pacific is further predicted to be the fastest growing market for packaging coating additives in the near future as well. The Middle Eastern and African and Latin American markets for packaging coating additives are predicted to witness a notable growth in the near future, owing to favorable government rules and implementation of strict legislation for environmental protection. Brazil and South Africa are predicted to be the emerging markets for packaging coating additives in the years to come.

Some major players of the global packaging coating additives market include Croda International Plc, BASF SE, Clariant AG, Lonza Group, 3M Company, Arkema Group, Evonik Industries AG, and Solvay S.A.among others.

This report segments the global packaging coating additives market as follows:

Global Packaging Coating Additives Market: Function Analysis

  • Slip
  • Anti-fog
  • Anti-Static
  • Antimicrobial
  • Anti-block

Global Packaging Coating Additives Market: Formulation Analysis

  • Powder-based
  • Water-based
  • Solvent-based

Global Packaging Coating Additives Market: Application Analysis

  • Food
  • Healthcare
  • Industrial
  • Consumer

Global Packaging Coating Additives Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Inquire more about this report @ www.zionmarketresearch.com/inquiry/packaging-coating-additives-market

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Allan Leonetti is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging. Follow him on Twitter: @allan_leonetti

Leave A Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.