The report “Packaging Coating Additives Market by Function (Slip, Anti-Static, Anti-fog, Anti-block, Antimicrobial), Formulation (Water-based, Solvent-based, Powder-based), Application (Food, Industrial, Healthcare, Consumer), and Region – Global forecast to 2023″, The global packaging coating additives market is projected to grow from USD 688.4 million in 2018 to USD 874.5 million by 2023, at a CAGR of 4.9% from 2018 to 2023.
Browse 78 market data Tables and 43 Figures spread through 124 Pages and in-depth TOC on “Packaging Coating Additives Market
Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55127476
Rising competition and increasing concerns regarding environmental safety are encouraging manufacturers to develop packaging which is cost-effective, requires fewer resources, and provides better protection. This is expected to drive the growth of the packaging coating additives market further.
The anti-block segment is estimated to account for the largest share of the packaging coating additives market, by function during the forecast period.
Polymer films tend to stick to each other during processing or storage. This is a common problem that occurs when two film layers of plastic come in contact with each other. The addition of anti-block additives creates little bumps on the film’s surface, thereby preventing the adhesion of the layers. Inorganic anti-block additives are non-migratory in nature and are widely used in various packaging applications due to their cost-effectiveness. The demand for anti-block additives is driven by the growing population, increasing disposable incomes, and rising standards of living.
Food packaging is estimated to be the fastest-growing application segment of the packaging coating additives market during the forecast period.
Packaging coating additives are used in food packaging as they enhance the properties of packaging materials, prevent leakage & spoiling, and extend the shelf life of food products. Food packaging majorly involves plastic material, which is susceptible to friction, microbial activities, and fog. Increasing demand for packaged foods and increasing investments in food packaging application by packaging additives manufacturers are driving the food packaging application segment.
Water-based is estimated to be the fastest-growing formulation segment of the packaging coating additives market during the forecast period.
Water-based formulations are widely used to manufacture flexible packaging coatings to maximize the efficiency of functions such as slip control and anti-blocking. Increasing demand for slip additives and anti-block additives in applications such as food packaging, industrial packaging, and consumer packaging is driving the growth of the packaging coating additives market.
Request Sample Pages https://www.marketsandmarkets.com/requestsampleNew.asp?id=55127476
Asia Pacific packaging coating additives market is expected to grow at the highest CAGR during the forecast period.
The Asia Pacific packaging coating additives market has been studied for China, Japan, India, Indonesia, and the Rest of Asia Pacific. The Asia Pacific region is an emerging and lucrative market for packaging coating additives, owing to industrial development and improving economic conditions. This region constitutes approximately 61% of the world’s population, resulting in the growth of the manufacturing and processing sectors.Major players operating in the packaging coating additives market include Croda International Plc (UK), BASF SE (Germany), Clariant AG (Switzerland), Lonza Group (Switzerland), 3M Company (US), Arkema Group (France), Evonik Industries AG (Germany), and Solvay S.A. (Belgium), among others.
- Antifog Additives Market
- Defoaming Coating Additives Market
- AntiSlip Additives Market
- Slip Additives Market
Get Special Pricing on Bundle Reports https://www.marketsandmarkets.com/RequestBundleReport.asp?id=55127476
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.