Aug 26, 2021   SOURCE: BusinessWire

Worldwide Packaging Coating Additives Industry to 2026 - Increasing Demand from Food & Beverages Packaging Segment - ResearchAndMarkets.com

The "Packaging Coating Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The market for Packaging Coating Additives is expected to grow at a CAGR of over 5% during the forecast period.

Companies Mentioned

  • 3M
  • Ampacet Corporation
  • Arkema Group
  • BASF SE
  • BYK Group (ALTANA)
  • Clariant
  • Croda International Plc
  • Daikin Industries, Ltd.
  • DIC Corporation
  • Evonik Industries AG
  • Lonza
  • PCC Group
  • Solvay

Key Market Trends

Increasing Demand from Food & Beverages Packaging Segment.

  • Packaging Materials are prone to problems such as friction and chemical stability. To improve the performance of packaging coating materials, additives are added which increases the pH stability, make surface friction-less and induce anti-microbial properties to the packaged food items.
  • Packaged and processed foods consumption is increasing globally owing to increasing disposable income and hectic lifestyle of consumers which will help in stimulating the demand of packaging coatings thus enhancing the demand of packaging coating additives.
  • Increasing sales of packaged and processed foods will help in increasing the demand of packaging coating additives as they help in preventing food spoiling & leakage and also help in increasing the serviceable life of packaged food items.
  • Furthermore, the use of anti-fog packaging coating additive helps to increase the sales of packaged foods items as antifog additives helps to maintain clarity and transparency of packaged coatings thus making food items clearly visible to the customer.
  • The food packaging market value is projected to reach USD 423.27 billion by 2025 from USD 308.73 billion in 2019 which is expected to increase the demand of packaging coating additives and will help in fueling its market growth during the forecast period.
  • Owing to the aforementioned factors, the packaging coating additives market is expected to grow rapidly during the forecast period.

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for packaging coating additives during the forecast period. In countries like China and India due to significant rise in the income of middle-class population and increasing demand of packaged foods, the demand for packaging coating additives has been increasing in the region.
  • Growth in e-commerce is expected to provide lucrative opportunities for packaging coatings industry and consequently for packaging coating additives market in the region. Food & beverages packaging segment is the fastest growing among them.
  • China holds the largest share in the e-commerce market accounting for more than 30% of the total e-commerce sales.
  • The revenue from food and beverages sector is expected to show a CAGR of over 9% during the forecast period in countries like India and China which will help in increasing the demand of packaging coating additives in the region.
  • Some of the major companies operating in Asia-Pacific region are BASF SE and Croda International Plc.
  • The aforementioned factors coupled with the government support have helped in the growth of packaging coating additives market.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand in Food & Beverages Packaging

4.1.2 Increasing Demand in Industrial Packaging

4.2 Restraints

4.2.1 Strict Government Policies Regarding the Use of Plastics

4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Formulation

5.2 Function

5.3 Application

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share (%)/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Rising Demand For Flexible Coating additives

7.2 Growing Trend for E-commerce

For more information about this report visit https://www.researchandmarkets.com/r/x754ls