Carbon black has been in use as an additive in manufacturing of conductive polymers, accounting for the largest market share, by additive type, in the global conductive polymer market. However, a new intelligence report of Future Market Insights suggests that the carbon black for packaging market is particularly observing gradual growth in revenue over the recent past and will continue to witness a similar scenario during the forecast period.
Towards the end of 2028, bags are likely to account for almost a third of the total estimated market value, according to the report.
Among material types, polyethylene and polypropylene are currently leading with a collective revenue share of more than 55% in the carbon black for packaging market.
Electrical and Electronics Products Sales Sustains Carbon Black Consumption Level, for Packaging Applications
Increasing consumption of electrical and electronic devices will continue to sustain consumption of carbon black for packaging applications in the near future. The report delivers key insights on the carbon black for packaging market and forecasts a sluggish below-3% CAGR for the revenue growth over 2018-2028.
For More Detailed Insights on Carbon Black For Packaging Market
The primary demand for carbon black for packaging is generated from the electrical & electronics industry, which is expected to grow further in the next 4-5 years. With increasing consumption of products that are highly prone to ESD (electrostatic discharge), bags will be the dominating application segment in global carbon black for packaging market.
Technical Incompatibility Continues to Challenge Market Growth
Some of the major challenges facing the global carbon black for packaging market are technical incompatibilities of small-scale companies to manufacture conductive compounds. Compounding of carbon black and polymer materials is a complicated process and requires special attention during production. It involves high technical capabilities and resources to produce carbon black and polymer compounds. Also, chemical properties of carbon black tend to hamper the mechanical properties of sensitive electrical and electronic components which, in turn, may contribute to the declining demand for carbon black for packaging applications.
Distributors of Carbon Black for Packaging Applications to Remain Key Members of Value Chain
While some of the major manufacturers such as Philips Carbon Black Limited, Orion Engineered Carbons, Cabot Corporation, and Birla Carbon continue to dominate the carbon black for packaging market, the competition in the carbon black for packaging landscape is expected to intensify in the near future as several local players strengthen their focus on emerging economies such as India, China, and Brazil. Leading carbon black companies are also planning to expand their market presence in multiple regional markets to leverage the opportunity generated from different end-use applications.
The top companies in the carbon black for packaging market are promoting their carbon black and related products through a large distribution base. Manufacturers on the other side are enhancing their global prominence by expanding their market footprint in multiple countries via stronger distribution networks. Distributors will thus remain the key members of the value chain in global carbon black for packaging market. A strong worldwide network of local distributors and channel partners will also enable key market players to leverage their knowledge of local market trends to enhance global market footprint.
For additional insights on the forecast analysis of global carbon black for packaging market over 2018-2028, write to firstname.lastname@example.org
About Packaging division of FMI
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.