Global Packaging Additives Market
The global Packaging Additives market was valued at USD 4.00 billion in 2016 and is projected to reach USD 6.31 billion by 2025, growing at a CAGR of 5.2% from 2017 to 2025.
The growth in packaging industry is directly influencing the demand for packaging additives. The addition of these additives increases the tensile strength and improves the shelf life of packaging material. The product innovation in the packaging sector is expected to boost market demand for packaging additives over the forecast period.
1. Market Drivers
1.1 Shelf life enhancement
1.2 Increasing expenditure on personal care products
2. Market Restraints
2.1 Stringent regulatory norms
2.2 Skin infection fears
The global Packaging Additivesmarketis segmented on the basis ofadditive type, packaging type, application, and region.
1. By Additive Type:
1.1 Antifog additives
1.2 Antimicrobial agents
1.3 Antistatic additives
1.4 Clarifying agents
1.5 Oxygen scavengers
1.6 UV Stabilizers
2. By Packaging Type:
3. By Application:
3.1.1 Fresh Food
3.1.2 Frozen Food
3.1.3 Chilled Food
3.1.4 Baked Goods
3.1.6 Dried Foods
3.1.7 Pet Food
3.1.8 Snack Foods
3.3 Pharmaceuticals & Health Care
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. AkzoNobel NV
3. ALTANA Group
4. Colormatrix Group
5. BASF SE
7. Flint Group
8. Lubrizol Corporation
9. PPG Industries Inc.
10. Sun Chemical Corporation
11. Huber Group
12. Wacker Chemie AG
13. Valspar Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Packaging Additivesmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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