Packaging Additives Market

Packaging Additives Market: Food & Beverages Sector to Exhibit High Demand During the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2026

  • 2018-11-12
  • REP-GB-7594
  • 260 pages
  • PDF PPT EXCEL
Packaging Additives Market

An Incisive, In-depth Analysis on the Packaging Additives Market

This study offers a comprehensive, 360 degree analysis on the Packaging Additives market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Packaging Additives market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Global Packaging Additives Market Analysis: More Than 70% of the Revenue to be Generated by the Food & Beverage Segment in 2018, Which is Expected to Increase Further by the End of 2026

The global market for packaging additives was valued at US$ 442.8 Mn in 2017 and is projected to expand at a CAGR of 4.3% during the forecast period (2018-2026).

Packaging additives are added in plastic resins to strengthen their physical, mechanical, & barrier properties. Packaging additives can modify the polymers & enable the packaging industry to cater the demand of the food, beverage, pharmaceuticals, personal care, & cosmetics industry. The global packaging additives market is expected to be largely influenced by the growing demand from food & beverage and personal care industries.

The food segment is expected to drive the global packaging additives market, in terms of revenue, during the forecast period. As per volumetric analysis, the plastic sub segment in the substrate segment is projected to dominate the packaging additives market. Metal and paper & paperboard are the two sub segments that have high potential in contributing towards the growth of packaging additives market. Initiatives of global companies will further encourage consumers to use products made from packaging additives.

Global Packaging Additives Market: Drivers & Restraints

The expansion of the processed food industry has led to an increase in the use of packaging additives by various manufacturers. An increasing use of personal care products such as shampoos, liquid sanitizers, and other related products are driving the demand for packaging additives in the market. Stringent government regulations toward plastic usage below 50 micron can hamper the packaging additives market. However, with the changing lifestyle & food consumption habits, demand for packaging products is increasing, which in turn increases the demand for packaging additives in the near future.

Global Packaging Additives Market: Taxonomy

The global market for packaging additives is segmented by substrate, product type, packaging type, and application.

On the basis of substrate, the global packaging additives market is segmented into four categories - plastic, metal, paper & paperboard, and others (glass). The plastic segment has the highest share in the market.

The various product types considered in the packaging additives market study include antimicrobial agents, antifog agents, anti-static agents, clarifying agents, oxygen scavengers, and UV stabilizers. Of these, antifog agents sub-segment accounts for the lion’s share in the packaging additives.

On the basis of packaging type, the global packaging additives market is segmented into two parts - flexible and rigid packaging. Out of these two, the flexible packaging category accounts for a higher percentage of market share.

On the basis of application, the global packaging additives market is segmented into five categories that are food, beverages, pharmaceuticals & healthcare, cosmetics & personal care, and others. In these segments, food & beverage accounts for more than 70% of the application in the packaging additives market.

Global Packaging Additives Market: Competitive Landscape

Among the key regional markets, North America is projected to exhibit relatively higher growth in the global packaging additives market and will grow with a CAGR of over 4.3% during the forecast period. Revenue from the packaging additives markets in Western Europe and Asia Pacific Excluding Japan (APEJ) is expected to collectively account for more than 45% of the global packaging additives market revenue during the forecast period. Key players operating in the global market for packaging additives include BASF SE, AkzoNobel N.V., ALTANA Group, ColorMatrix Group, Arkema Inc, Henkel, Huber Group, PPG Industries Inc, Lubrizol Corporation, Flint Group Sun Chemical Corporation, Valspar Corporation, Evonik, and Wacker Chemie AG. Many local and unrecognized players are expected to contribute to the global packaging additives market during 2018 to 2026.

Global Packaging Additives Market: Key Developments

Key players are looking forward to expansion through organic & inorganic methods such as acquisitions & mergers, product launches, etc. For instance,

  • In March 2017, BASF invested in a new packaging additives plant in Shanghai, China. BASF invested more than €200 million globally to increase its production network for packaging additives. In 2018, BASF increased the price of packaging additives in two product classes which include antioxidants and light stabilizers, flame retardants, and other plastic additives.

  • In 2011, The Sustainability Additives Group of Arkema Inc. introduced high-efficiency impact modifier to its Durastrength® brand of high-performance additives in the packaging additives sector. The company’s motive is to develop packaging additives that will lead to more efficient uses of energy & resources by contributing in less waste and help to grow business for new polymers made from renewable sources of materials.

  • In 2015, PolyOne's acquired the ColorMatrix Group, Inc., a highly specialized company with a premier suite of additive technologies and the leading market position in packaging additives and liquid colorants.

In this report, Future Market Insights (FMI) offers an 8-year forecast of the global packaging additives market between 2018 and 2026. In terms of value, the global packaging additives market is expected to expand at a CAGR of 4.3% during the forecast period. The study reveals market dynamics in six geographic segments along with an analysis of the packaging additives market for the current market environment and future scenario over the forecast period.

Report Description

This Future Market Insights report studies the global packaging additives market for the period 2018–2026. The prime objective of this report is to offer insights and key market trends pertaining to the global packaging additives market that are gradually helping transform global businesses.

The global packaging additives market report begins with the executive summary for various categories and their share in the packaging additives market. It is followed by the market dynamics and an overview of the market drivers, restraints, and trends that are affecting the growth of the packaging additives market. Furthermore, to understand the global packaging additives market, which includes FMI analysis of popularity of the market segment, an attractiveness index with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the packaging additives market in each country and region, BPS and Y-o-Y growth analysis of packaging additives are provided.

The global market for packaging additives is further segmented as per substrate, product type, packaging type, and application. On the basis of substrate, the global packaging additives market is segmented into plastic, metal, paper & paperboard, and other (glass). On the basis of product type, the global packaging additives market is segmented into antimicrobial agents, antifog agents, antistatic agents, clarifying agents, oxygen scavengers, and UV stabilizers. On the basis of packaging type, the global packaging additives market is segmented as flexible & rigid. Further, based on application, the global packaging additives market is segmented as food, beverages, pharmaceuticals & healthcare, cosmetic & personal care, and others.

The next section of the report highlights the packaging additives market, by region, and provides the market outlook for 2018–2026. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional packaging additives market. Main regions assessed in the report global packaging additives market include North America, Latin America, Europe, Asia Pacific Excluding Japan (APEJ), the Middle East & Africa (MEA), and Japan. The global packaging additives market evaluates the present scenario and growth prospects of the regional packaging additives market for 2018–2026.

To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers of packaging additives and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the packaging additives market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the packaging additives market is expected to develop in the future. It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse the packaging additives market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the market and identify the right opportunities across it.

The market segment for global packaging additives market has been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the packaging additives market. Another key feature of global packaging additives market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the packaging additives market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report titled global packaging additives market.

To understand key growth segments in terms of growth and adoption for packaging additives globally, Future Market Insights developed the packaging additives market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities in global packaging additives market.

In the final section of the report on packaging additives, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the total packaging additives market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth evaluation of their capabilities and success in the packaging additives marketplace.

Detailed profiles of companies of global packaging additives market are also included in the report to evaluate their strategies, key product offerings, and recent developments. The key manufacturers and suppliers operating in packaging additives market include 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, and Evonik.

Key Segments

By substrate, the global packaging additives market is segmented into:

  • Plastics

  • Metals

  • Paper & Paperboards

  • Others (Glass)

By product, the global packaging additives market is segmented into:

  • Antimicrobial Agents

  • Antifog Agents

  • Antistatic Agents

  • Clarifying Agents

  • Oxygen Scavengers

  • UV Stabilizers

By packaging, the global packaging additives market is segmented into:

  • Flexible Packaging

  • Rigid Packaging

Key Regions

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of Latin America

  • Europe

  • Asia Pacific Excluding Japan (APEJ)

    • China

    • India

    • ASEAN

    • Australia and New Zealand

    • Rest of APAC

  • Middle East and Africa (MEA)

    • GCC

    • North Africa

    • South Africa

    • Rest of MEA

  • Japan

Packaging Additives Market Reports - Table of Contents

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