Global Packaging Coating Additives Market

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Global Packaging Coating Additives Market was valued at US$ 722.13 Mn in 2019 and is expected to reach US$ 1,058.81 Mn by 2027, at a CAGR of 4.9 % during a forecast period.

Antimicrobial additives offer better mechanical properties and high dimensional and chemical stability.Increase in consumer awareness about health-related infections, rapid urbanization, and increase in population in APAC are boosting the demand for antimicrobial additives in Asia Pacific.Based on Formulation, Water-based is estimated to be the fastest-growing formulation segment of the packaging coating additives market during the foreseen period. Due to its superior benefits such as lower VOCs, greater press stability, enhanced wash-up time, and improved heat resistance, the water-based segment holds the largest market in 2017.

Based on Application, Food packaging is estimated to be the fastest-growing application segment of the packaging coating additives market during the forecast period. Food packaging involves plastic material, which is susceptible to friction, microbial activities, and fog. Growing demand for packaged foods and increasing investments and funding in food packaging application by packaging additives manufacturers are driving the food packaging application segment.

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Geographically, APAC dominated the packaging coating additives market in 2017. The region is growing in Packaging production for plastic consumption coupled with increasing per capita disposable revenue. Growing awareness between consumers regarding additive benefits among packaging coating may promote regional growth during the forecast period. Europe and North America will continue to be the largest markets followed by APAC for packaging coating additives, collectively estimated to account for nearly three-fifth revenue share of the market by 2026. APAC region constitutes approximately 61% of the world’s population, resulting in the growth of the manufacturing and processing sectors.

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Global Packaging Coating Additives Market, by Function:

• Slip
• Anti-Static
• Anti-fog
• Anti-block
• Antimicrobial
Global Packaging Coating Additives Market, by Formulation:

• Water-based
• Solvent-based
• Powder-based
Global Packaging Coating Additives Market, by Application:

• Food
• Industrial
• Healthcare
• Consumer
• Others
Global Packaging Coating Additives Market, by Region:

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating in Global Packaging Coating Additives Market:

• Croda International Plc
• BASF SE
• Clariant AG
• Lonza Group
• 3M Company
• Arkema Group
• Evonik Industries AG
• Solvay S.A.
• ALTANA
• Brancher
• ColorMatrix
• Encres Dubuit
• Dainichiseika Color & Chemicals Manufacturing
• Siegwerk Druckfarben
• T&K TOKA
• Toyo Ink
• Wikoff Color
• Akzo Nobel N.V.
• DAIKIN INDUSTRIES Ltd.
• Ampacet Corporation
• Kao Corporation
• Höganäs AB
• PCC Chemax Inc.
• MÜNZING Corporation

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