Market
overview:
Packaging coating materials are used to package foods,
consumer goods, medical equipment, and industrial products. These packaging
materials are prone to friction and possess less chemical stability. Additives
are added to improve its performance, anti-microbial properties,
water-repellency, pH stability, and provides less friction surface.
Increasing purchasing power of the middle-class
population is expected to be the major driver of the Global Packaging Coating
Additives Market. Growing consumption of packaged products is anticipated to
favor the Packaging Coating Additives Market growth. Furthermore, rising health
awareness among the growing population is anticipated to boost the market
growth. Emerging markets in developing countries is expected to provide strong
growth opportunities to the market players. In addition to this, rising demand
for bio-based slip additives is likely to provide ample opportunities to the
market players. Packaging leads to plastic waste which poses a major challenge
to the market players.
However, stringent government and environmental
regulations are expected to hamper the market growth. In addition to this,
fluctuating raw material prices is anticipated to further restrain the market.
Regional Analysis:
Regional Analysis:
The Global Packaging Coating Additives Market has been
segmented into five key regions, namely Asia-Pacific, North America, Europe,
Latin America, and the Middle East & Africa.
The Asia-Pacific market dominated the Packaging Coating
Additives Market in 2017 and is estimated to register the highest CAGR during
the forecast period. This is attributed to growing demand from packaging
application. Factors such as easy availability of raw materials, changing
lifestyles, and rapid industrialization is favoring the market growth in the
region. China is the leading country in the region followed by Japan, India,
and Indonesia. The North American market accounted for the second-largest
market share in 2017 due to rising health awareness for food packaging
application and growing technological advancements in the region. The US is the
major contributor in the region due to rising focus on bio-based slip additives.
The European market held a significant market share in 2017 and is expected to
grow at a moderate CAGR during the review period owing to the stringent
government regulations on ban of plastic products for packaging. Germany is the
leading country in the region due to its product innovation and presence of
major manufacturing companies such as BASF SE and Evonik Industries AG in the
region. The Middle East & Africa held a moderate market share in 2017 owing
to favorable government rules in the region. South Africa is the major
contributor in the region. The Latin American market is estimated to grow at a
steady CAGR in the coming years owing to the growing packaging applications in
consumer goods. Brazil, Mexico, and Argentina are the regional contributors.
Segmentation analysis:
The Global Packaging Coating Additives Market has been
segmented on the basis of Function, Formulation, Application and Region.
Based on Function, the Global Packaging Coating Additives
Market has been categorized into slip, anti-static, anti-fog, anti-block, and
antimicrobial.
By Formulation, the Global Packaging Coating Additives Market
has been classified into water-based, solvent-based, and powder-based.
On the basis of Application, the Global Packaging Coating Additives
Market has been divided into food packaging, industrial packaging, healthcare
packaging, consumer packaging, and others.
The Global Packaging Coating Additives Market has been studied
across five key regions namely, namely Asia-Pacific, North America, Europe,
Latin America, and the Middle East & Africa.
Key players:
Some of the key players operating in the Global Packaging
Coating Additives Market are Croda International PLC (UK), BASF SE (Germany),
Clariant (Switzerland), 3M (US), Lonza Group (Switzerland), Arkema Group
(France), Solvay (Belgium), Evonik Industries AG (Germany), Daikin Industries,
Ltd. (Japan), Akzo Nobel N.V. (The Netherlands), and KAO Corporation (Japan).
Target Audience:
- Traders and distributors of packaging coating
additives
- Packaging coating additives manufacturers
- Potential investors
- Production process industries
- Raw material suppliers
- Nationalized laboratories
- Government bodies
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Complete Report@ https://www.marketresearchfuture.com/reports/packaging-coating-additives-market-7048
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