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Packaging Coating Additives Market - Forecast(2023 - 2028)
Packaging Coating Additives Market Overview
Packaging Coating Additives Market is expected to be valued at $906.4 million by the end of the year 2026 after growing at a CAGR of 4.9% during the forecast period 2021-2026. The growth of the Packaging Coating Additives Market is driven by the significant increase in demand for anti-microbial coating in various sectors like the healthcare and medicine fields. These coating additives contain nonpolar organic solvents which help in dissolving nonpolar substances such as oils, fats, and greases.
These types of coatings go well with goods that are extracted through solid-phase microextraction since it helps in portioning between solid and liquid. The increased awareness about health in recent days due to epidemics like H5N1 Avian Influenza, H1N1 flu (Swine Flu), and Ebola has also contributed to the significant growth of the packaging coating additives industry.
COVID-19 Impact
Amid the Covid-19 pandemic, the Packaging Coating Additives Market has taken a toll in terms of volume sales, production and distribution. The logistics were also highly impacted owing to the numerous restrictions laid down by governments across the globe. There were restrictions on imports, exports and trading activities due to the pandemic, which led to the abrupt halting of the operations of the Packaging Coating Additives Market. However, the market is expected to grow in the upcoming years in a significant rate, which is estimated to be driven by the increase in demand from the healthcare sector.
Report Coverage
The report: “Packaging Coating Additives Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Packaging Coating Additives Industry.
By Type: Pigments, Binders, Dispersants, Defoamers, Lubricants, Insolubilizers, Antifoaming Agent, Optical Brightening Agent, Preservatives, and Others
By Formulation: Water borne, Solvent borne, Powder based, and Others.
By Function: Antioxidants, UV Stabilizers, Anti-Static, Clarifying Agents, Anti-Block, Anti-Fog, Anti- Microbial, Slip, and Others.
By Application: Food Packaging, Beverage Packaging, Personal Care and Cosmetics Packaging, Household and Consumer Packaging, Industrial Packaging and Healthcare, Pharmaceuticals and Nutraceuticals packaging, and others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Italy, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America) and RoW (Middle East and Africa).
Key Takeaways
- Asia-Pacific market is expected to hold the largest share in the packaging coatings additives market, which is driven by the industrial development and improvement in economic conditions in APAC countries such as China and India.
- The growth in Packaging Coating Additives Market can also be attributed to the increase in awareness about health conditions in growing countries after the pandemics such as Ebola and Swine flu.
- The special properties of the packaging coating additives products such as anti-fog, anti-microbial, etc., are creating lucrative opportunities for the products in the market.
- The packaging coatings additives market is estimated to grow at a significant percentage prior to the present pandemic, owing to its uses in the healthcare sector.
FIGURE: Packaging Coating Additives Market Revenue, 2020-2026 (US$ Million)
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Packaging Coating Additives Market Segment Analysis- By Type
Preservatives segment held the largest share of more than 20% in the Packaging Coating Additives Market in the year 2020. Preservatives is extensively used in food products and packaged food items. Packaging coating additives was greatly used in the food industry, which eventually increased the demand for preservatives segment. The need for nonpolar organic solvents, for protection from leakage of oil, fat and grease of the food led to the growth of the Packaging Coating Additives Market as nonpolar organic solvents is one of the coating additives which is highly used in the Packaging Coating Additives Market.
Packaging Coating Additives Market Segment Analysis- By Formulation
Water-borne or water-based formulation segment held the largest share of around 35% in the Packaging Coating Additives Market in the year 2020. Water-based formulation or water borne coating additives is highly preferred as it is environmentally friendly and also has very low or no impact on environment and health. Furthermore, there are several government subsidiaries and aids for water-borne coating additives. Water-based formulation helps in absorbing water or any liquid and does not damage the pack at the event of any leakage. It makes the packaging water-proof. This is highly driving the water-based formulation or water borne segment in the Packaging Coating Additives Market.
Packaging Coating Additives Market Segment Analysis- By Function
Anti-block segment held the largest share of 18% in the Packaging Coating Additives Market in the year 2020. The main factor driving the anti-block segment is the cost effectiveness associated with the type of coating. The anti-block additive is primarily used to create little bumps on polymer film’s surfaces which helps in preventing polymer films from sticking into each other. This helps in keeping the product safe and prevents from any damages that could be caused. This is highly driving the anti-block segment in the Packaging Coating Additives Market.
Packaging Coating Additives Market Segment Analysis- By Application
Food packaging segment held the largest share of 22% in the Packaging Coating Additives Market in the year 2020. The main driver for food packaging in this segment is the increase in general awareness about hygiene and safety. Another main driver is the increase in demand for packaged food online food deliver system in the recent days, especially in developing countries which requires proper packaging which will help in preserving the packaged food properly for a long time and help save the food until it is being delivered to the consumer.
Packaging Coating Additives Market Segment Analysis- By Geography
Asia Pacific region held the largest share of around 40% in the Packaging Coating Additives Market in the year 2020. This is highly driven by the industrial development and improvement in economic conditions in countries such as China and India. The largest share of packaging coating additives in the APAC region is also due to the rising middle-class family in developing countries, relatively cheaper land area, cheap labor and changing lifestyle etc., in countries like India, China and South Korea. APAC also constitutes approximately 61% of the world’s population, which means the demand for food production and healthcare is relatively higher in this region as compared to other regions, and therefore the scope for growth of packaging coatings additives market is higher in the Asia Pacific region.
Packaging Coating Additives Market Drivers
Rising demand for packaged foods in developed and developing countries and Strict government regulations regarding food and pharma packaging
With the increase in middle class family group around the world, the disposable income of an average citizen has also increased. This has led to the increase in the spending capacity of the middle class, which has eventually increased the demand for packaged items, which has given scope for packaging coatings market. There are strict government rules and regulations regarding the food and pharma packaging in the most of the countries in recent days which has hugely driven the Packaging Coating Additives Market. The packaging coating has become a necessity for products such as food and medicine, without which the manufacturers will face legal actions.
Growing packaging demand in healthcare sector
The changing lifestyles in the developing countries and developed countries have given rise to the need for healthcare facilities in these countries which is the main contributor to the development of packaging coating additives. The increase in delivery system for medical products, has increased the need for proper packaging, which has led to the rise in demand for packaging coating additives.
Packaging Coating Additives Market Challenges
Volatile raw materials
The unpredictable and constant changes in prices of raw materials is a major market restraint. This makes the market situation very unpredictable and therefore forces the manufacturers to take risks. This might push the manufacturers into overstocking of raw materials, which is waste of resource and time. This will lead to spoilage of the stock and eventually damage to the stock. This is one of the biggest challenge to the Packaging Coating Additives Market.
Packaging Coating Additives Market Industry Outlook
Innovation, technological advancements, diverse product portfolio, adoption of developmental strategies, acquisition and mergers are some of the key strategies adopted by players in the Packaging Coating Additives Market. Major players in the Packaging Coating Additives Market are Lonza Group AG, Arkema Group, BYK, Ampacet Corporation, PCC Group, Croda International Plc, BASF SE, Clariant AG, Lonza Group and Evonik Industries AG among others.
Acquisitions/Technology Launches
- In January 2020, ProAmpac acquired Rosenbloom Groupe Inc., Hymopack Ltd. And Dyne-A-Pak, businesses based in Canada that manufatures packaging products. This acquisition facilitates the expansion of ProAmpac in the region.
Relevant Reports
Report Code: CMR 0140
Report Code: CMR 0688
Report Code: CMR 1189
For more Chemicals and Materials related reports, please click here
1. Packaging Coating Additives Market- Market Overview
1.1 Definitions and Scope
2. Packaging Coating Additives Market - Executive Summary
2.1 Key Trends by Type
2.2 Key Trends by Formulation
2.3 Key Trends by Function
2.4 Key Trends by Application
2.5 Key Trends by Geography
3. Packaging Coating Additives Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Packaging Coating Additives Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Packaging Coating Additives Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Packaging Coating Additives Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Packaging Coating Additives Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Packaging Coating Additives Market – By Type (Market Size -$Billion)
8.1 Pigments
8.1.1 Kaolin
8.1.2 Calcium Carbonate
8.1.3 Titanium Dioxide
8.1.4 Others
8.2 Binders
8.2.1 Acrylic Emulsions
8.2.2 SBR Latex
8.2.3 Casein
8.2.4 Others
8.3 Dispersants
8.4 Defoamers
8.5 Lubricants
8.6 Insolubilizers
8.7 Antifoaming Agent
8.8 Optical Brightening Agent
8.9 Preservatives
8.10 Others
9. Packaging Coating Additives Market – By Formulation (Market Size -$Billion)
9.1 Waterborne
9.2 Solvent-borne
9.3 Powder-based
9.4 Others
10. Packaging Coating Additives Market – By Function (Market Size -$Billion)
10.1Antioxidants
10.2 UV Stabilizers
10.3 Anti-Static
10.4 Clarifying Agents
10.5 Anti-Block
10.6 Anti-Fog
10.7 Anti-Microbial
10.8 Slip
10.9 Others
11. Packaging Coating Additives Market - By Application (Market Size -$Billion)
11.1 Food Packaging
11.2 Beverage Packaging
11.3 Personal Care and Cosmetics Packaging
11.4 Household and Consumer Packaging
11.5 Industrial Packaging
11.6 Healthcare, Pharmaceuticals, and Nutraceuticals
12. Packaging Coating Additives Market - By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 UK
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Netherlands
12.2.6 Spain
12.2.7 Russia
12.2.8 Belgium
12.2.9 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Australia and New Zeeland
12.3.6 Indonesia
12.3.7 Taiwan
12.3.8 Malaysia
12.3.9 Rest of APAC
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Colombia
12.4.4 Chile
12.4.5 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.1.1 Saudi Arabia
12.5.1.2 U.A.E
12.5.1.3 Israel
12.5.1.4 Rest of the Middle East
12.5.2 Africa
12.5.2.1 South Africa
12.5.2.2 Nigeria
12.5.2.3 Rest of Africa
13. Packaging Coating Additives Market – Entropy
13.1 New Product Launches
13.2 M&As, Collaborations, JVs and Partnerships
14. Packaging Coating Additives Market – Market Share Analysis Premium
14.1 Market Share at Global Level - Major companies
14.2 Market Share by Key Region - Major companies
14.3 Market Share by Key Country - Major companies
14.4 Market Share by Key Application - Major companies
14.5 Market Share by Key Product Type/Product category - Major companies
15. Packaging Coating Additives Market – Key Company List by Country Premium Premium
16. Packaging Coating Additives Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Packaging Coating Additives Market By Function Market 2019-2024 ($M)1.1 Anti-Block Market 2019-2024 ($M) - Global Industry Research
1.2 Anti-Fog Market 2019-2024 ($M) - Global Industry Research
1.3 Antimicrobial Market 2019-2024 ($M) - Global Industry Research
1.4 Antistatic Market 2019-2024 ($M) - Global Industry Research
1.5 Slip Market 2019-2024 ($M) - Global Industry Research
2.Global Packaging Coating Additives Market By Formulation Market 2019-2024 ($M)
2.1 Water-Based Market 2019-2024 ($M) - Global Industry Research
2.2 Solvent-Based Market 2019-2024 ($M) - Global Industry Research
2.3 Powder-Based Market 2019-2024 ($M) - Global Industry Research
3.Global Packaging Coating Additives Market By Function Market 2019-2024 (Volume/Units)
3.1 Anti-Block Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Anti-Fog Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Antimicrobial Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Antistatic Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Slip Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Packaging Coating Additives Market By Formulation Market 2019-2024 (Volume/Units)
4.1 Water-Based Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Solvent-Based Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Powder-Based Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Packaging Coating Additives Market By Function Market 2019-2024 ($M)
5.1 Anti-Block Market 2019-2024 ($M) - Regional Industry Research
5.2 Anti-Fog Market 2019-2024 ($M) - Regional Industry Research
5.3 Antimicrobial Market 2019-2024 ($M) - Regional Industry Research
5.4 Antistatic Market 2019-2024 ($M) - Regional Industry Research
5.5 Slip Market 2019-2024 ($M) - Regional Industry Research
6.North America Packaging Coating Additives Market By Formulation Market 2019-2024 ($M)
6.1 Water-Based Market 2019-2024 ($M) - Regional Industry Research
6.2 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
6.3 Powder-Based Market 2019-2024 ($M) - Regional Industry Research
7.South America Packaging Coating Additives Market By Function Market 2019-2024 ($M)
7.1 Anti-Block Market 2019-2024 ($M) - Regional Industry Research
7.2 Anti-Fog Market 2019-2024 ($M) - Regional Industry Research
7.3 Antimicrobial Market 2019-2024 ($M) - Regional Industry Research
7.4 Antistatic Market 2019-2024 ($M) - Regional Industry Research
7.5 Slip Market 2019-2024 ($M) - Regional Industry Research
8.South America Packaging Coating Additives Market By Formulation Market 2019-2024 ($M)
8.1 Water-Based Market 2019-2024 ($M) - Regional Industry Research
8.2 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
8.3 Powder-Based Market 2019-2024 ($M) - Regional Industry Research
9.Europe Packaging Coating Additives Market By Function Market 2019-2024 ($M)
9.1 Anti-Block Market 2019-2024 ($M) - Regional Industry Research
9.2 Anti-Fog Market 2019-2024 ($M) - Regional Industry Research
9.3 Antimicrobial Market 2019-2024 ($M) - Regional Industry Research
9.4 Antistatic Market 2019-2024 ($M) - Regional Industry Research
9.5 Slip Market 2019-2024 ($M) - Regional Industry Research
10.Europe Packaging Coating Additives Market By Formulation Market 2019-2024 ($M)
10.1 Water-Based Market 2019-2024 ($M) - Regional Industry Research
10.2 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
10.3 Powder-Based Market 2019-2024 ($M) - Regional Industry Research
11.APAC Packaging Coating Additives Market By Function Market 2019-2024 ($M)
11.1 Anti-Block Market 2019-2024 ($M) - Regional Industry Research
11.2 Anti-Fog Market 2019-2024 ($M) - Regional Industry Research
11.3 Antimicrobial Market 2019-2024 ($M) - Regional Industry Research
11.4 Antistatic Market 2019-2024 ($M) - Regional Industry Research
11.5 Slip Market 2019-2024 ($M) - Regional Industry Research
12.APAC Packaging Coating Additives Market By Formulation Market 2019-2024 ($M)
12.1 Water-Based Market 2019-2024 ($M) - Regional Industry Research
12.2 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
12.3 Powder-Based Market 2019-2024 ($M) - Regional Industry Research
13.MENA Packaging Coating Additives Market By Function Market 2019-2024 ($M)
13.1 Anti-Block Market 2019-2024 ($M) - Regional Industry Research
13.2 Anti-Fog Market 2019-2024 ($M) - Regional Industry Research
13.3 Antimicrobial Market 2019-2024 ($M) - Regional Industry Research
13.4 Antistatic Market 2019-2024 ($M) - Regional Industry Research
13.5 Slip Market 2019-2024 ($M) - Regional Industry Research
14.MENA Packaging Coating Additives Market By Formulation Market 2019-2024 ($M)
14.1 Water-Based Market 2019-2024 ($M) - Regional Industry Research
14.2 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
14.3 Powder-Based Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Packaging Coating Additives Market Revenue, 2019-2024 ($M)2.Canada Packaging Coating Additives Market Revenue, 2019-2024 ($M)
3.Mexico Packaging Coating Additives Market Revenue, 2019-2024 ($M)
4.Brazil Packaging Coating Additives Market Revenue, 2019-2024 ($M)
5.Argentina Packaging Coating Additives Market Revenue, 2019-2024 ($M)
6.Peru Packaging Coating Additives Market Revenue, 2019-2024 ($M)
7.Colombia Packaging Coating Additives Market Revenue, 2019-2024 ($M)
8.Chile Packaging Coating Additives Market Revenue, 2019-2024 ($M)
9.Rest of South America Packaging Coating Additives Market Revenue, 2019-2024 ($M)
10.UK Packaging Coating Additives Market Revenue, 2019-2024 ($M)
11.Germany Packaging Coating Additives Market Revenue, 2019-2024 ($M)
12.France Packaging Coating Additives Market Revenue, 2019-2024 ($M)
13.Italy Packaging Coating Additives Market Revenue, 2019-2024 ($M)
14.Spain Packaging Coating Additives Market Revenue, 2019-2024 ($M)
15.Rest of Europe Packaging Coating Additives Market Revenue, 2019-2024 ($M)
16.China Packaging Coating Additives Market Revenue, 2019-2024 ($M)
17.India Packaging Coating Additives Market Revenue, 2019-2024 ($M)
18.Japan Packaging Coating Additives Market Revenue, 2019-2024 ($M)
19.South Korea Packaging Coating Additives Market Revenue, 2019-2024 ($M)
20.South Africa Packaging Coating Additives Market Revenue, 2019-2024 ($M)
21.North America Packaging Coating Additives By Application
22.South America Packaging Coating Additives By Application
23.Europe Packaging Coating Additives By Application
24.APAC Packaging Coating Additives By Application
25.MENA Packaging Coating Additives By Application
26.Croda International PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Clariant AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Lonza Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.3M, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Arkema Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Evonik Industries AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Solvay S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Akzo Nobel N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)