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Packaging Additives Market

Packaging Additives Market

Packaging Additives Market

Packaging Additives Market By Substrate Type (Plastics, Metals, Paper & Paperboards, Others), By Product Type (Antimicrobial Agents, Antifog Agents, Antistatic Agents), By Packaging Type (Flexible Packaging, Rigid Packaging) & Region - Forecast 2022 - 2026

Packaging Additives Market Outlook (2022-2026)

[260 Pages Report] The global packaging additives market is set to enjoy valuation of US$ 549 Mn in 2022, with the market predicted to expand at a CAGR of 4.3% and attain a net worth of US$ 650 Mn by the end of 2026.

Global Packaging Additives Market Size (2022)

US$ 549 Mn

Predicted Sales (2026)

US$ 650 Mn

Global Market Growth Rate  (2022-2026)

4.3% CAGR

Market Share of Top 5 Packaging Additive Manufacturers

11%

Use of chemical additives in the packaging industry has increased due to high requirement from the food sector as more packaged food is being consumed than ever before. Food packing requires a different packaging than other goods, and this has majorly influenced the consumption of packaging additives in various sectors.

Packaging Additive Demand Analysis (2012 to 2021) Vs Market Outlook (2022 to 2026)

The packaging industry is undergoing major alterations due to changing environmental norms and regulations across the world, and this is expected to reform the demand for packaging additives as well over the coming years.

With the rise in online shopping and e-Commerce sales, the overall packaging industry has seen substantial rise in demand. Packaging additive shipments rose at a CAGR of 3.7% from 2012 to 2021 and held a net worth of US$ 525.5 Mn in 2021.

Consumption of packaging additives is influenced by factors such as growing demand for packaging solutions, rising popularity of e-Commerce and online shopping, increasing proliferation of technology, lifestyle changes, rising environmental concerns, rapid urbanization across the globe, and increasing disposable income.

High need for packaging products is also expected to sculpt demand for packaging resins, chemical additives, textile additives, etc. Packaging additives sales are predicted to rise at a CAGR of 4.3% over the forecast period of 2022 to 2026.

What is the Outlook for the Packaging Additives Industry Across the World?

“North America & Europe to Be Lucrative Markets for Packaging Additive Suppliers”

This packaging additives industry analysis details the market stance across multiple regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).

Sales of packaging additives in North America are majorly driven by the high popularity of online shopping trends and e-Commerce platforms. Presence of major e-Commerce giants such as Amazon, eBay, etc., makes this region a very lucrative market for packaging additives.

The European packaging additives market is also expected to see significant rise in demand for packaging additives over the coming years owing to an increase in e-Commerce activities in the region. Strict regulations prohibiting the use of plastics in packaging are expected to shape demand for other packaging additives in this region.

Rising climate concerns and initiatives by organizations to establish more sustainable packaging solutions are expected to shape the packaging coating additive demand in this region.

The MEA region is expected to see good growth in its packaging additives industry as many key manufacturers of packaging additives establish their production plants in this region due to low operational costs. Meanwhile, packaging additive sales in the region are expected to rise at a steady pace as the disposable income of the population in the region increases and the popularity of e-Commerce and online shopping soars.

Shipments of packaging additives in East Asia, South Asia, and the Pacific are expected to see a robust rise over the forecast period. Demand for packaging additives is expected to be driven by key economies in these regions such as India, China, and Japan. Collectively, these regions are expected to have a dominant outlook over the forecast period among all regions.

Country-wise Analysis

Should Packaging Coating Additive Vendors Focus on the Indian Market?

“Government Initiatives to Boost Packaging Additive Sales in India”

The massive population of India makes it one of the most important consumer markets of the world, and hence, demand for packaging solutions in the nation is also high. The nation provides a lucrative setting for packaging additives suppliers, and the developing nature of India’s economy makes it a very easy market to target.

Presence of key market players of packaging resins is expected to fuel demand for chemical additives for packaging in India. Since the nation is a developing economy, supportive government initiatives are expected to further aid packaging additives suppliers and vendors to realize their market potential in India.

Why is China a Lucrative Market for Packaging Additive Manufacturers?

“Chemical Additives & Packaging Resins to See Robust Demand in China”

China is one of the most significant manufacturing hubs in the Asian region, if not the world. The nation is well known for its manufacturing industry, and is a very lucrative market for all plastic products and packaging products. Wide availability of raw materials for packaging additives makes China a noteworthy market for packaging additive suppliers.

Crucially, presence of major manufacturers in China is what drives demand for packaging additives in the country. From packaging resins to textile additives, all kinds of products are manufactured in China.

Chemical additives are expected to see an increase in sales as demand from various end-use segments such as food packaging, healthcare packaging, etc., increases. China is equipped with the industrial infrastructure to support increasing chemical additive demand.

Category-wise Analysis

Popularity of Which Packaging Type Expected to Rise Rapidly?

“Flexible Packaging Solutions to Dominate Marketplace”

The flexible packaging segment is anticipated to continue its dominance over the forecast period, and currently holds 56.6% of the global market share. Increasing demand for flexible packing solutions from various end-use industries is expected to majorly drive segment dominance in the packaging and additive manufacturing market over the forecast period.

The rigid packaging segment is also expected to exhibit steady growth over the forecast period. This segment currently accounts for 43.4% of global packaging additive shipments.

COVID-19 Impact Evaluation

The COVID-19 pandemic of 2020 completely revolutionized the way the world economy operated and functions, and also adversely affected many markets, as this pandemic ceased manufacturing activities across the world as well as drastically disrupted supply chains.

The packaging industry saw some major changes as well; on one end the pandemic increased demand for packaging, but insufficient production due to decreased manufacturing activity proved to be an obstacle and adversely affected the market.

However, this trend is expected to change in the post-pandemic era as manufacturing activities return back to normalcy and supply chain disruptions are sorted. With increasing emphasis on online shopping and e-Commerce, packaging additive shipments are expected to see a major hike in demand over the forecast period.

Competitive Landscape

Packaging coating additive manufacturers are focusing on expanding their production capacity to meet the increasing demand on a global level. Key packaging additive providers are also focusing on mergers and acquisitions to increase their presence in various geographical locations across the world.

  • In April 2021, Avient Corporation, a renowned name in sustainable solutions, announced the launch of its new additive for food packaging. The new anti-fog additive can be used for thermoformed and transparent food packaging needs. The new additive CESA Nofog Plus will also aid in extending the shelf life of packaged goods by minimizing accumulation and moisturization in the product.
  • In September 2021, BASF, a multinational chemical company, announced the launch of its new additive solutions range. The new line of additives comes under the name IrgaCycle, and is focused on addressing recycling concerns in plastics manufacturing and reuse. These new additives can increase the recyclable content in packaging and other applications as well.

Packaging Additives Industry Report Scope

Attribute

Details

Forecast Period

2022-2026

Historical Data Available for

2012-2021

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • and GCC Countries

Key Market Segments Covered

  • Substrate Type
  • Product Type
  • Packaging Type
  • Region

Key Companies Profiled

  • AkzoNobel N.V.
  • ALTANA Group
  • Arkema
  • BASF SE
  • ColorMatrix Group
  • Flint Group
  • Henkel
  • Huber Group
  • Lubrizol Corporation
  • PPG Industries Inc
  • Sun Chemical Corporation
  • Valspar Corporation
  • Wacker Chemie AG
  • Evonik

Pricing

Available upon Request

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Key Segments of Packaging Additives Industry Survey

By Substrate Type :

  • Packaging Additives for Plastics
  • Packaging Additives for Metals
  • Packaging Additives for Paper & Paperboards
  • Others (Glass)

By Product Type :

  • Antimicrobial Agents
  • Antifog Agents
  • Antistatic Agents
  • Clarifying Agents
  • Oxygen Scavengers
  • UV Stabilizers

By Packaging Type :

  • Packaging Additives in Flexible Packaging
  • Packaging Additives in Rigid Packaging

By Region :

  • North America Packaging Additives Market
  • Latin America Packaging Additives Market
  • Europe Packaging Additives Market
  • East Asia Packaging Additives Market
  • South Asia & Pacific Packaging Additives Market
  • Middle East & Africa (MEA) Packaging Additives Market

Key Questions Answered in the Report

How is the global packaging additives market expected to perform over the coming years?

Packaging additives consumption is anticipated to rise at a CAGR of 4.3% from 2022 to 2026.
The global packaging additives market will hold a valuation of US$ 549 Mn in 2022.
Top 5 packaging additive suppliers hold 11% share of the global market.
Packaging additives sales are expected to rake in revenues worth US$ 650 Mn by the end of 2026.
Flexible packaging accounts for 56.6% share in global packaging additive sales.

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