VCI Packaging Market - Towards Eliminating the Odds of Rusty Delivery

VCI Packaging Manufacturers to Lean on Green and Intercept Technologies to Win the Innovation Game

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Volatile Corrosion Inhibitors (VCI) Market Growth Forecast
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VCI Packaging – Offering Viable Solution to Metal Corrosion

In a view of changing economies of production and distribution, global manufacturing sphere has been undergoing a radical upheaval, and is no longer simply making physical products. Amid the rise of disruptive technologies and the fourth industrial revolution, steel and metal manufacturers in particular, are presented with huge opportunities to transform their operation model and improve efficiency. This has further led to realignment of their strategies to respond to new demands and technology trends of today as well as to prepare for challenges to come. Significant growth in the demand for metals from numerous end users has created a need for effective packaging formats to maintain the quality of metal and prevent from corrosion. Anti-corrosion packaging or volatile corrosion inhibitor (VCI) packaging is an upcoming trend, especially in the manufacturing sector, to address the corrosive nature of ferrous and non-ferrous metal products. In recent years, the global export scenario of iron, steel, and other metals has been thriving, on the account of increasing adoption in automotive, aerospace, and processing industries. However, shipment of metals is exposed to humidity, salinity, and temperature conditions – corrosion accelerating agents, thereby potentially raising the demand for VCI packaging.

Gains Upheld through Retention of Electrical and Mechanical Properties

Corrosion, the deterioration of a material due to electrochemical attack from its environment, not only destroy the quality of industrial tools and equipment but also create a huge disruption in a company’s growing product revenue. As the cost of corrosion amounts to over US$ 2.5 trillion, today, a number of industries are rigorously adopting corrosion management strategy. The result is likely to lead to increasing demand for VCI packaging which protects both accessible and inaccessible metal surfaces, produces no residue, and has no effect upon the electrical and mechanical properties of the product. In addition to inhibiting any corrosive reactions, including galvanic corrosion which occurs in electrical and mechanical hardware products, VCI packaging ensure protection from abrasion and shock damage, as the VCI molecules penetrate into any grooves, and cavities of the products, thereby increasing the scope of protection. As compared to VCI films, paper and foam, VCI bags continue to account for major share of the manufacturers’ bottom lines with robust demand from aerospace & defense and heavy equipment machinery sectors.

Tapping the Opportunities in Steel Exporting Countries

East Asia continues offer greater opportunities for VCI packaging market players due to emergence of China and Japan as the world’s largest exporters of steel. Increasing exports of steel has been generating the need for adequate shipping and warehouse resources, subsequently leading to surge in demand for VCI packaging. In January 2019, India replaced Japan as the second largest producing country, compelling stakeholders to view the country from target market perspective. Demand for VCI packaging is also based on country-level situations of end-use industries. To that end, market consolidation in European countries will remain key to gaining competitive edge, primarily due to presence of highly developed automotive manufacturing industry in the region.

* This data is only a representation. Actual data may vary and will be available in report.

Tapping the Opportunities in Steel Exporting Countries
Tapping the Opportunities in Steel Exporting Countries
Tapping the Opportunities in Steel Exporting Countries
Tapping the Opportunities in Steel Exporting Countries
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

Does the Future Lie in ‘Biodegradable’ VCI Packaging?

Mounting concerns of environmental issues and ever-rising global sustainability drive have brought various changes in number of industries, and VCI packaging space is no exception. In order to meet sustainability goals, stakeholders are entering into joint venture and collaborations for the extension of product line as well as the development of bio-based VCI packaging. Such factors played an important role in Cortec Corporation’s decision to launch new biodegradable, corrosion inhibiting film – Eco-Corr Film® in June 2019. The company has long been a leader in environmentally responsible VCI packaging solutions, and the innovative film contains the company’s proprietary VpCI technology, which helps reduce carbon footprint and fulfill ‘no landfill’ initiatives. Such strategic moves are likely to influence other stakeholders to follow suit and invest in bio-based materials and eco-friendly technologies. Acquisition of companies operating in the manufacturing of protective packaging solutions also remains a key focus area of VCI packaging market players to maintain an innovation supremacy.

VCI bags remain top selling category

Demand for VCI paper grows rapidly

 

Volatile Corrosion Inhibitors Vci Packaging Market Analysis

Polyethylene remains highly preferred

Increasing adoption of paper

 

Volatile Corrosion Inhibitors Vci Packaging Market Analysis

High application in packaging of primary metal

Use in aerospace & defenseincreases significantly

 

Volatile Corrosion Inhibitors Vci Packaging Market Analysis

How Growth will Unfold

VCI packaging is quickly becoming an important trend in the marketplace. A number of key players are on the journey of exploring advanced green technologies that will not help improve environmental conditions but also provide customers with innovative and cost-effective packaging solutions. In recent years, the ubiquity of smartphones and other consumer electronics across the globe has further resulted in increasing application scope of VCI packaging. As a response to newer demands, market vendors are leveraging ‘intercept’ technology which ensure a robust and more secure protection against corrosion and damage due to electrostatic discharge during transport and storage. Such technology works differently from conventional VCI packaging solution, which reacts and bonds with corrosive gases to create a neutralized atmosphere for protecting the product without off-gassing.

VCI Packaging Consumption End Use Matrix

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

VCI Packaging Market Analysis 2019-2029

A recent market study published by FMI, “VCI Packaging Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the VCI packaging market, the growth prospects of the market are obtained with maximum precision.

Volatile Corrosion Inhibitors Vci Packaging Market Taxonomy

The global VCI packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

  • VCI Paper
  • VCI Films
    • Stretch
    • Shrink
    • Sheet
  • VCI Bags
    • Flat
    • Gusseted
    • Zipper
  • Foam
  • Others (Emitters, Desiccants, Etc.) 

Material

  • Paper
  • Polyethylene
  • Others (Bio-based Plastics)

End-user Industry

  • Aerospace & Defense
  • Primary Metal
  • Electricals & Electronics
  • Automotive
  • Heavy Equipment
  • Metal Works
  • Others (Building & Constructions, Oil & Gas, Etc.)

Region

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

What's Included

The report commences with the executive summary of the VCI packaging market, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global VCI packaging market, along-with key facts about VCI packaging. It also includes graphical representation of the segments according to market size and growth rate.

Readers can find detailed taxonomy and definition of the VCI packaging market in this chapter, which will help them understand the basic information about VCI packaging present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the VCI packaging market report.

The report provides key market trends that are expected to impact the market growth significantly in the coming years. Detailed industry trends are provided in this section, along with key market developments or product innovations, which are likely to have a significant impact on the VCI packaging market.

This section explains the global market value & volume analysis and forecast for the VCI packaging market between 2019 and 2029. It includes the detailed analysis of the historical VCI packaging market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).

This section highlights the average pricing analysis of various capacity of VCI packaging, in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.

This chapter explains the key macro-economic factors that are expected to influence the growth of the VCI packaging market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the VCI packaging market. This chapter also highlights the key market dynamics of the VCI packaging market, which include the drivers and restraints. Moreover, readers will understand the key trends followed by the leading manufacturers in the VCI packaging market.

Based on product type, the VCI packaging market is segmented into VCI paper, VCI films, VCI bags, foam, and others. VCI film is further segmented into stretch, shrink and sheet. VCI bags are further segmented into flat, gusseted and zipper bags. In this chapter, readers can find information about key attractive segments during the forecast period.

Based on material, the VCI packaging market is segmented into paper, polyethylene, and others. In this chapter, readers can find information about key attractive segments during the forecast period.

This chapter provides details about the VCI packaging market on the basis of end-user industry, and has been classified into aerospace & defense, primary metal, electrical & electronics, automotive, heavy equipment, metal works, and others.

This chapter explains how the VCI packaging market is expected to grow across various geographical regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North American VCI packaging market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of VCI packaging.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America VCI packaging market. This chapter also includes the growth prospects of the VCI packaging market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Important growth prospects of the VCI packaging market based on the product and the end-user industry in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX, Nordics, Poland and the Rest of Europe, are included in this chapter.

This chapter highlights the growth of the VCI packaging market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the VCI packaging market in the East Asian region.

India, Thailand, Indonesia, Malaysia, Vietnam are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia VCI packaging market in this chapter. Readers can find detailed information about the growth parameters of the South Asia VCI packaging market during the period 2019-2029.

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania VCI packaging market.

This chapter provides information about how the VCI packaging market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.

In this chapter, separate analysis for emerging countries such as China and India is given. It provides segment level analysis of the VCI packaging market for each country mentioned in the section.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the VCI packaging market along with their market presence analysis by region and product portfolio.

In this chapter, readers will find a comprehensive list of all leading manufacturers in the VCI packaging market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Cortec Corporation, Armor Protective Packaging, Branopac India Pvt. Ltd., Daubert Cromwell, LLC, Haver Plastics Co Ltd., Muller LCS Inc., NTIC (Zerust Excor), Mondi Group, Transcendia Inc., AICELLO CORPORATION, Smurfit Kappa Group PLC, NEFAB GROUP, CGP Coating Innovation, Crayex Corporation, and Patkar Extrusiontech (Pvt.) Ltd.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the VCI packaging report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the VCI packaging market.

How the research was conducted?

Primary Research

Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:

  • Key Segments in the VCI Packaging Market
  • Market Share Analysis
  • Average Selling Price (US$) and Market Growth
  • Comparative Analysis of Several VCI Packaging Product Present in the Market
  • Market Size
  • Key Trends & Developments
  • Competition & Key Vendor Strategies

Secondary Research

  • Industry Journals
  • Flexible Packaging Association
  • Association of Industrial Metallizers, Coaters and Laminators (AIMCAL)
  • Import-Export Database
  • Annual Reports/SEC filings/Investor Presentations

Primary Interview Splits

Primary Interview Splits vci packaging market primary splits

Volatile Corrosion Inhibitors Vci Packaging Market Reports - Table of Contents

List of Figures

Figure 01: Global VCI Packaging Market Value (US$ Mn) and Absolute $ Opportunity (US$ Mn) 

Figure 02: Absolute $ Opportunity (US$ Mn) between Winning & Loosing Components 

Figure 03: Global VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Product 

Figure 04: Global VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 05: Global VCI Packaging Market CAGR & Market Value in US$ Mn, by Product

Figure 06: Global VCI Packaging Market Share Analysis, by Film & Bag, (2019E)

Figure 07: Global VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Material

Figure 08: Global VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 09: Global VCI Packaging Market Y-o-Y Growth, by Material (2018A-2029F)

Figure 10: Global VCI Packaging Market Attractiveness Analysis (2018A-2029F), by End-user Industry

Figure 11: Global VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 12: Regional VCI Packaging Market Share Analysis, by End-user Industry (2018A)

Figure 13: Global VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Region

Figure 14: Global VCI Packaging Market Share Analysis, by Region (2019E & 2029F)

Figure 15: Global VCI Packaging Market Y-o-Y Growth, by Region (2018A-2029F)

Figure 16: North America VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Country

Figure 17: North America VCI Packaging Market Share Analysis, by Country (2019E & 2029F)

Figure 18: North America VCI Packaging Market Y-o-Y Growth, by Country (2018A-2029F)

Figure 19: North America VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 20: North America VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 21: North America VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 22: Latin America VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Country

Figure 23: Latin America VCI Packaging Market Share Analysis, by Country (2019E & 2029F)

Figure 24: Latin America VCI Packaging Market Y-o-Y Growth, by Country (2018A-2029F)

Figure 25: Latin America VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 26: Latin America VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 27: Latin America VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 28: Europe VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Country

Figure 29: Europe VCI Packaging Market Share Analysis, by Country (2019E & 2029F)

Figure 30: Europe VCI Packaging Market Y-o-Y Growth, by Country (2018A-2029F)

Figure 31: Europe VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 32: Europe VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 33: Europe VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 34: MEA VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Country

Figure 35: MEA VCI Packaging Market Share Analysis, by Country (2019E & 2029F)

Figure 36: MEA VCI Packaging Market Y-o-Y Growth, by Country (2018A-2029F)

Figure 37: MEA VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 38: MEA VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 39: MEA VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 40: East Asia VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Country

Figure 41: East Asia VCI Packaging Market Share Analysis, by Country (2019E & 2029F)

Figure 42: East Asia VCI Packaging Market Y-o-Y Growth, by Country (2018A-2029F)

Figure 43: East Asia VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 44: East Asia VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 45: East Asia VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 46: South Asia VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Country

Figure 47: South Asia VCI Packaging Market Share Analysis, by Country (2019E & 2029F)

Figure 48: South Asia VCI Packaging Market Y-o-Y Growth, by Country (2018A-2029F)

Figure 49: South Asia VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 50: South Asia VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 51: South Asia VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 52: Oceania VCI Packaging Market Attractiveness Analysis (2018A-2029F), by Country

Figure 53: Oceania VCI Packaging Market Share Analysis, by Country (2019E & 2029F)

Figure 54: Oceania VCI Packaging Market Y-o-Y Growth, by Country (2018A-2029F)

Figure 55: Oceania VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 56: Oceania VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 57: Oceania VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 58: China VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 59: China VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 60: China VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

Figure 61: India VCI Packaging Market Share Analysis, by Product (2019E & 2029F)

Figure 62: India VCI Packaging Market Share Analysis, by Material (2019E & 2029F)

Figure 63: India VCI Packaging Market Share Analysis, by End-user Industry (2019E & 2029F)

List of Tables

Table 01: Global VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Product

Table 02: Global VCI Packaging Market Volume (Tons) 2014H-2029F, by Product

Table 03: Global VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Material

Table 04: Global VCI Packaging Market Value (Tons) 2014H-2029F, by Material

Table 05: Global VCI Packaging Market Value (US$ Mn) 2014H-2029F, by End-user Industry

Table 06: Global VCI Packaging Market Volume (Tons) 2014H-2029F, by End-user Industry

Table 07: Global VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Region

Table 08: Global VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Region

Table 09: North America VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Country

Table 10: North America VCI Packaging Market Value (Tons) 2014H-2029F, by Country

Table 11: North America VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Product

Table 12: North America VCI Packaging Market Volume (Tons) 2014H-2029F, by Product

Table 13: North America VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Material

Table 14: North America VCI Packaging Market Value (Tons) 2014H-2029F, by Material

Table 15: North America VCI Packaging Market Value (US$ Mn) 2014H-2029F, by End-user Industry

Table 16: North America VCI Packaging Market Volume (Tons) 2014H-2029F, by End-user Industry

Table 17: Latin America VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Country

Table 18: Latin America VCI Packaging Market Value (Tons) 2014H-2029F, by Country

Table 19: Latin America VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Product

Table 20: Latin America VCI Packaging Market Volume (Tons) 2014H-2029F, by Product

Table 21: Latin America VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Material

Table 22: Latin America VCI Packaging Market Value (Tons) 2014H-2029F, by Material

Table 23: Latin America VCI Packaging Market Value (US$ Mn) 2014H-2029F, by End-user Industry

Table 24: Latin America VCI Packaging Market Volume (Tons) 2014H-2029F, by End-user Industry

Table 25: Europe VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Country

Table 26: Europe VCI Packaging Market Volume (Tons) 2014H-2029F, by Country

Table 27: Europe VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Product

Table 28: Europe VCI Packaging Market Volume (Tons) 2014H-2029F, by Product

Table 29: Europe VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Material

Table 30: Europe VCI Packaging Market Value (Tons) 2014H-2029F, by Material

Table 31: Europe VCI Packaging Market Value (US$ Mn) 2014H-2029F, by End-user Industry

Table 32: Europe VCI Packaging Market Volume (Tons) 2014H-2029F, by End-user Industry

Table 33: MEA VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Country

Table 34: MEA VCI Packaging Market Volume (Tons) 2014H-2029F, by Country

Table 35: MEA VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Product

Table 36: MEA VCI Packaging Market Volume (Tons) 2014H-2029F, by Product

Table 37: MEA VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Material

Table 38: MEA VCI Packaging Market Value (Tons) 2014H-2029F, by Material

Table 39: MEA VCI Packaging Market Value (US$ Mn) 2014H-2029F, by End-user Industry

Table 40: MEA VCI Packaging Market Volume (Tons) 2014H-2029F, by End-user Industry

Table 41: East Asia VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Country

Table 42: East Asia VCI Packaging Market Value (Tons) 2014H-2029F, by Country

Table 43: East Asia VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Product

Table 44: East Asia VCI Packaging Market Volume (Tons) 2014H-2029F, by Product

Table 45: East Asia VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Material

Table 46: East Asia VCI Packaging Market Value (Tons) 2014H-2029F, by Material

Table 47: East Asia VCI Packaging Market Value (US$ Mn) 2014H-2029F, by End-user Industry

Table 48: East Asia VCI Packaging Market Volume (Tons) 2014H-2029F, by End-user Industry

Table 49: South Asia VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Country

Table 50: South Asia VCI Packaging Market Volume (Tons) 2014H-2029F, by Country

Table 51: South Asia VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Product

Table 52: South Asia VCI Packaging Market Volume (Tons) 2014H-2029F, by Product

Table 53: South Asia VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Material

Table 54: South Asia VCI Packaging Market Value (Tons) 2014H-2029F, by Material

Table 55: South Asia VCI Packaging Market Value (US$ Mn) 2014H-2029F, by End-user Industry

Table 56: South Asia VCI Packaging Market Volume (Tons) 2014H-2029F, by End-user Industry

Table 57: Oceania VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Country

Table 58: Oceania VCI Packaging Market Value (Tons) 2014H-2029F, by Country

Table 59: Oceania VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Product

Table 60: Oceania VCI Packaging Market Volume (Tons) 2014H-2029F, by Product

Table 61: Oceania VCI Packaging Market Value (US$ Mn) 2014H-2029F, by Material

Table 62: Oceania VCI Packaging Market Value (Tons) 2014H-2029F, by Material

Table 63: Oceania VCI Packaging Market Value (US$ Mn) 2014H-2029F, by End-user Industry

Table 64: Oceania VCI Packaging Market Volume (Tons) 2014H-2029F, by End-user Industry

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