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.
Covid-19 Impact Analysis
- The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the packaging coating additives market in 2020.
- The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
- The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
- The lockdown has resulted in hampering the imports and exports of various goods. Also, the uncertainty created in the market in the consumers’ buying pattern has resulted in hampering of the packaging coating additives market.
Top Impacting Factors
The packaging coating additives market is anticipated to be driven considerably due to the significant growth of the middle-class population's rising disposable income in the emerging economies. Also, the rising health awareness is acting as a key determinant favoring the growth of the market over the forecast period. The major factor accountable for the market's growth is the increasing competition is encouraging manufacturers to innovate and develop new packaging methods that require decreased number of resources and improve the protection along with rising disposable income has also increased the demand for packaged items. Beside this, the various advantages offered by packaging coating additives products such as ease of handling, lower cost and insignificant wastages is also flourishing the growth of the packaging coating additives market.
Market trends
- Increasing health awareness is a key driver for the market.
- The awareness about health-related issues is growing due to the increasing incidents of nosocomial infections and recent epidemic outbreaks of life-threatening diseases such as H5N1 Avian influenza and H1N1 flu (swine flu). There is a growing demand for antimicrobial packaging additives from various sectors, such as healthcare and medicine. Antimicrobial packaging additives possess properties such as high antimicrobial activity, hardness, durability, and transparency. They are used in non-toxic plastic equipment. With the rise in hospital-acquired infections, antimicrobial additives are being used in air vents to prevent the transfer of communicable diseases. Rising consumer awareness regarding health and hygiene is expected to augment the demand for antimicrobial additives, which, in turn, will increase the demand for packaging coating additives.
- Emerging markets creating strong growth opportunities for the packaging coating additives market.
- Emerging markets for packaging coating additives such as China, India, Indonesia, and Brazil, among others, present a high growth opportunity for players in the packaging coating additives market. The market in China, India, Indonesia, and Brazil is expected to grow rapidly due to the growth in end-use industries. The growth opportunities in these countries are expected to support the growth of the packaging coating additives market in the coming years.
- Growing urbanization and population in the Asia-Pacific region is also contributing to the market growth.
- Asia Pacific market is projected to register for major share in terms of revenue in the global packaging coating additives market. This is attributed to high demand from food packaging and healthcare packaging sectors. Asia Pacific market is projected to register fastest GAGR, owing to growing demand for packaging coating additives products from various industrial and manufacturing sectors in the countries in region.
Key Benefits of the Report
- This study presents the analytical depiction of the packaging coating additives market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the packaging coating additives market share.
- The current market is quantitatively analysed to highlight packaging coating additives market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed packaging coating additives market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Packaging Coating Additive Market Report
- Who are the leading market players active in the Packaging Coating Additive Market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is “Packaging Coating Additive Market “?
- What does " Packaging Coating Additive Market " allow organizations to achieve?
- Which technologies combine to make “Packaging Coating Additive Market “a critical organizational asset?
- What is " Packaging Coating Additive Market” Market prediction in the future?
- Who are the leading global players in the “Packaging Coating Additive Market” market?
- What are the current trends and predicted trends?
- What are the challenges faced in the " Packaging Coating Additive Market” Market?
- What are the key benefits of the “Packaging Coating Additive Market “Market report?
- What will be the anticipated growth rates for your own Packaging Coating Additive Market economy altogether and for every segment inside?
- What are the driving factors and opportunities in the market?
Packaging Coating Additive Market Report Highlights
| Aspects | Details |
 By Function |
|
 By Formulation |
|
 By Application |
|
 By Region |
|
 Key Market Players | BASF, Arkema, Clariant, Ashland, Evonik Industries, Solvay, AkzoNobel, Shin-Etsu Chemical, The Dow Chemical Company, DuPont |
Loading Table Of Content...
