Packaging Coating Additives Market Size, Trends and Forecast by 2027

Posted on 3 February, 2023 by George Poter

The latest research study by IMARC Group, “Packaging Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global packaging coating additives market size. The global packaging coating additives market is expected to exhibit a CAGR of 4.53% during 2022-2027.

Packaging Coating Additives Industry Outlook:

Packaging coating additives are customized packing substances combined with solvents and applied to several packaging solutions to improve their chemical, mechanical, physical, and thermal characteristics. Some of the commonly available additives are anti-block, antimicrobial, anti-fog, slip, and antistatic coatings. They are applied on the surface of plastic film or sheet through dipping, coating, or spraying for varnishing layers of papers, cans, containers, and boxes. They exhibit pH stability, antimicrobial, corrosion-resistance, and water-repellence properties that prevent friction on the surface. As a result, packaging coating additives are utilized for packaging foods, medical equipment, industrial products, and consumer goods.

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Market Trends:

The market is primarily driven by the expanding food and beverage (F&B) industry and the surging sales of ready-to-eat (RTE) meals due to evolving consumer preferences and sedentary lifestyles. Packaging coating additives are widely utilized to pack various food items and prevent food leakage or spoilage.

Moreover, the growing prevalence of nosocomial infection, and the rising consumer concerns about the spread of various communicable diseases, are stimulating the need for non-toxic and antimicrobial packing solutions, such as packaging coating additives, across various industrial verticals. This, coupled with the sudden outbreak of the coronavirus disease (COVID-19) pandemic, represents another major growth-inducing factor.

Besides this, the rising usage of anti-fog packaging coating additives due to its ability to provide transparency and clarity and make food items visible to the customer is creating a positive market outlook across the globe. Furthermore, continuous research and development (R&D) activities conducted by key players to enhance product performance are also propelling market growth.

Key Market Segmentation:

The report has been segmented the market into following categories:

Breakup by Formulation:

• Water-based
• Solvent-based
• Powder-based

Breakup by Function:

• Slip
• Anti-static
• Anti-fog
• Anti-block
• Antimicrobial

Breakup by Application:

• Food and Beverage Packaging
• Industrial Packaging
• Healthcare Packaging
• Consumer Packaging
• Others

Breakup by Geography:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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List of Key Companies Covered in this Market Report:

The major players in the market are 3M Company, Akzo Nobel N.V., Altana AG, Arkema S.A., BASF SE, Clariant AG, Croda International Plc, Daikin Industries Ltd., DIC Corporation, Evonik Industries AG, Lonza Group AG, PPG Industries Inc., Solvay S.A. and The Sherwin-Williams Company.

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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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