Carbon Black for Packaging Market

2021 Analysis and Review: Carbon Black for packaging Market by Material Type – Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride, Polyethylene and Other Plastics For 2021

Carbon Black for Packaging Market Snapshot

Future Market Insights (FMI) in its recent edition of the study provides in-depth insights into the global carbon black for packaging market. As per the report, the market will exhibit year-on-year growth of 3.2% in 2021 to total 148,844 tones.

The growth can be attributed to increasing demand for packaging of electrical and electronic products. The Europe market is anticipated grow by 3% CAGR owing to increasing demand of recyclable packaging in Germany, U.K. and other countries.

The overall valuation of carbon black for packaging market is anticipated to surpass US$ 190 Mn by the end of 2021, according to FMI. Smurfit Kappa Group, Sealed Air Corporation, DS Smith Plc, Pregis Corporation, and Achilles Corporation are identified as top market players operating in carbon black for packaging sector. They contribute 1/4th of the total market share in terms of sales.

Key Points Covered in Carbon Black for Packaging Market Study

  • Market estimates and forecast 2021 – 2031
  • Key drivers and restrains impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competitive Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact On Carbon Black for Packaging Market and How to Navigate
  • Recommendation on Key Winning Strategies

2018 – 2020 Carbon Black for Packaging Market Outlook In Comparison to 2021 – 2031 Forecasts

Digitization has resulted in the skyrocketing production and consumption of electrical and electronic devices in recent years. Fueled by rising industrialization and growing demand for consumer electronics, the carbon black for packaging market expanded at 2.6% CAGR during 2016-2020.

The packaging sector has experienced rapid growth in recent years owing to which manufacturers are expanding their production capacities. Conventional packaging is harmful for environment as they are non-decomposable. To tackle such issues market players are investing in innovative solutions like carbon black packaging. 

Key factors that drive the popularity of carbon black for packaging amongst customer include high recyclability, light weight and chemical inertness, which make it favorable for various applications. Carbon black packaging is also finding its use in manufacturing conductive polymers.

Birla Carbon is a global carbon black leader, launched a new sustainable carbonaceous material called “CONTINUA” on 25th May 2021. Continua products which include carbon black packaging are a part of circular plastic economy will reduce carbon emission and create cleaner and more sustainable industry.

In 2019, Unilever announced its new high density polyethelyne bottles with “detectable” black pigments reinforced with carbon black for packaging making it easy to detect while recycling process.

Increasing investments for on reducing carbon footprint and increasing demand of carbon additives in plastic polymer manufacturing will driving the growth of the market. As per FMI, the market will rise at 2.9% CAGR between 2021 and 2031.

Steady Growth in Demand Likely for Carbon Back for Packaging Market

The global market for carbon black for packaging, valued at around US$ 190 million in 2021, continues to demonstrate gradual growth. A new study on the carbon black for packaging market forecasts the CAGR of 2.9% for market revenue during the forecast period, 2021-2031.

Carbon black, when used to produce conductive material, is lightweight, easy to manufacture, and chemical resistant. With the increase in consumption of electrical and electronics devices, the carbon black for packaging market is expected to grow tremendously during the forecast period.

Leading manufacturers are planning to expand their market presence in the emerging economies of Asia-Pacific and Latin American regions. It is noticed that the manufacturers of carbon black for packaging in China are largely benefitting from the high demand for ESD (electrostatic discharge)-protective packaging.

The sales channel and marketing strategies of the companies are focused on creating a large base of distributors to increase the reach of their products to a global scale. Carbon black imparts strong electrical conductivity to the intrinsically-insulated polymer materials. Manufacturers of ESD packaging products face numerous challenges during the compounding process of carbon black and polymers.

A large number of end-user companies are thus looking for ready-made master-batch solutions due to their inability to handle technical challenges during compounding. Some companies, such as Cabot Corporation, in the global carbon black for packaging market are also planning to offer carbon black, as well as compounded conductive polymers, to cater to a large segment of customers in the value chain of the ESD packaging market.

Product Development & Innovations Creating Growth Potential

Plastics are the major application area for the specialty carbon black manufacturers, accounting for more than 50% of the global specialty carbon black market. In the plastics segment, the packaging sub-segment accounts for a noticeable market share throughout the forecast period.

The major trend noticed in the carbon black for packaging market is capacity expansion. Some of the top manufacturers of carbon black for packaging have already expanded their global footprint by establishing a manufacturing base in emerging economies of the Asia-Pacific region, particularly in India and China.

Product development and innovation will further create new growth potential in the global carbon black for packaging market. Companies are spending high chunks of money on research and development of carbon black products to develop products that offer negligible water abortion, good disperse-ability, and less impurities. Manufacturers of carbon black for packaging are also focusing on manufacturing conductive polymers to offer a variety of products to cater to a large segment of customers in the value chain of the global market.

Growing Popularity of Carbon Nanotube to Hamper Growth

Carbon nanotubes are gaining strong traction in the global conductive polymers market. These have emerged as the most effective additive solution to impart conductivity to polymer materials.

It should be noted that the carbon nanotubes are 1000x more powerful than other widely used alternative additive solutions such as carbon black. This might hamper the global carbon black for packaging market during the forecast period.

Commercially-available static control materials usually contain 15-20% carbon black as an additive in ESD materials. The high content of carbon black leads to high surface conductivity which results in an uncontrolled discharge through the ESD material.

This has resulted in a decline in the growth rate of the carbon black for packaging market.

Manufacturers Focusing on Expansion within China Market

APAC currently dominates the carbon black for packaging market, with almost half of the global value. China will particularly continue dominance in carbon black for packaging market owing to the ever-increasing production and consumption of electrical and electronics devices. Despite the lead, Chinese market for carbon black for packaging has been slated for a sluggish CAGR over 2018-2028.

Indian market is also expected to generate decent opportunities for the established as well as new entrants in the global carbon black for packaging market. Some of the major manufacturers based in India include Philips Carbon Black Limited, Continental Carbon Company, and Aditya Birla Group.

Carbon Black for Packaging Market: Key Players

Key players operating in the global carbon black for packaging market include -

Phillips Carbon Black Limited, Birla Carbon U.S.A., Inc., Continental Carbon India Limited, Cabot Corporation, Tokai Carbon Group (Cancarb), Sealed Air Corporation, Pregis Corporation, DS Smith Plc, Achilles Corporation, Delphon Industries, LLC, Smurfit Kappa Group, Storopack Hans Reichenecker GmbH, Desco Industries Inc., Nefab Group, Teknis Limited, Elcom (UK) Ltd., GWP Group Limited, International Plastics Inc., AUER Packaging GmbH, Pure-Stat Engineered Technologies, Inc., and Protective Packaging Corporation.

 This list is indicative - full details about prominent carbon black for packaging manufacturers is available upon request

Carbon black for packaging Market – Report Scope

Attribute

Details

Forecast Period

2021 – 2031

Historical Data Available for

2018 – 2028

Market Analysis

US$ Mn for Value & Units for Volume

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and  Middle East and Africa

Key Countries Covered

US, Canada, Brazil, Mexico, Argentina, Rest of Latin America, Germany, Italy, France, U.K., Russia, Spain, BENELUX, Poland, Nordic, Rest of Europe, India, China, ASEAN, ANZ, Japan, GCC Countries, Turkey, South Africa, Iran, Israel, and Rest of MEA.

Key Segments Covered

Material Type, Application Type, and By Region

Key Companies Profiled

  • Phillips Carbon Black Limited
  • Birla Carbon U.S.A., Inc.
  • Continental Carbon India Limited
  • Cabot Corporation
  • Tokai Carbon Group (Cancarb)
  • Sealed Air Corporation
  • Pregis Corporation
  • DS Smith Plc
  • Achilles Corporation
  • Delphon Industries, LLC
  • Smurfit Kappa Group
  • Storopack Hans Reichenecker GmbH
  • Desco Industries Inc.
  • Nefab Group
  • Teknis Limited, Elcom (UK) Ltd.
  • GWP Group Limited
  • International Plastics Inc.
  • AUER Packaging GmbH
  • Pure-Stat Engineered Technologies, Inc.
  • Protective Packaging Corporation.

Report Coverage

Market Overview, Market Background, Market Forecast, Segmental Analysis, Regional Profiling and Competition Analysis

Customization & Pricing

Available upon Request

Key Questions Answered in the Report

  • What is carbon black for packaging market size?

    The carbon black for packaging market size is forecast to reach US$ 190 Mn in 2021 owing to increasing demand of carbon black for making conductive polymers and recyclable packaging plastics.

  • At what rate did the carbon black for packaging market expand in the last five years?

    Between 2016 and 2020, the carbon black for packaging sales grew at a slow pace of around 2.6% CAGR.

  • What are the key trends shaping the carbon black for packaging market?

    Carbon black manufacturers are increasingly focusing on capacity expansions to cater the ever increasing demand for packaging in wide range of applications.

  • What are the key factors driving carbon black for packaging market demand?

    Growing consumer electronics related packaging needs will remain the chief growth driver.

  • What is the North America carbon black for packaging market outlook?

    Demand registered in North America will continue rising, backed by increasing sales in the U.S. and Canada, the North America market is poised to expand at 2.5% CAGR in 2021.

  • Who are the leading companies in carbon black for packaging market?

    Smurfit Kappa Group, Sealed Air Corporation, DS Smith Plc, Pregis Corporation, and Achilles Corporation are the top companies operating in the carbon black for packaging market. They account for 1/4th of total sales in global carbon black for packaging market.

  • What is the cumulative share of top ten companies in carbon black for packaging market?

    Top players account for nearly 25% of the carbon black for packaging market

  • At what rate will carbon black for packaging sales increase in Europe?

    Carbon black for packaging sales will increase at 3.0% CAGR in Europe, backed by rising demand in the U.K., Germany, and other countries.

  • Which are the top five countries driving Carbon black for packaging market demand?

    Leading countries driving demand in the carbon black for packaging market are China, U.S., Germany, U.K. and Japan.

  • What are the key statistics for Carbon black for packaging market in Japan and South Korea?

    Japan and South Korea held 12% and 5% share, respectively in the East Asia carbon black for packaging market in 2021.

Global Carbon Black for Packaging Market Segmentation

By Material Type:

  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyvinyl Chloride
  • Polycarbonate
  • Polyethylene
  • Polypropylene
  • Polyamide
  • Styrene Acrylonitrile (SAN)
  • Other Plastics

By Application Type:

  • Bags
  • Trays
  • Clamshells
  • Shrink Films
  • Boxes & Containers
  • Tapes & Labels
  • Foams
  • Totes/IBC
  • Racks
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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