Packaging Additives Market Size, Share, Recent Trends, Developments, and Growth Outlook
Packaging additives market will reach an estimated valuation of USD 688.97 million by 2027, while registering this growth at a rate of 4.52% for the forecast period of 2020 to 2027. Packaging additives market report analyses the growth, which is currently being owed to the focus of different airlines and other applicable airplane users on replacing the older and obsolete aircrafts with modern variants.
Packaging additives are introduced in the synthetic organic polymer (Plastic) materials to increase their tangible base, manufacturing, and preventive features. Packaging additives are capable of transforming the polyamide and facilitate the packaging manufacturers to feed to the need for personal care, cosmetics, beverage, food and pharmaceutical industries. The global packaging additives business is anticipated to be broadly impacted by the swelling market of personal care and food & beverage and commerce.
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The major players covered in the packaging additives market report are Akzo Nobel N.V., ALTANA AG, Arkema, BASF SE, Verdict Media Limited, PolyOne Corporation, Flint Group, Henkel AG & Co. KGaA, HuberGroup India, The Lubrizol Corporation, PPG Industries, Inc., Sun Chemical, The Sherwin-Williams Company., and Wacker Chemie AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Packaging Additives Market Report:
Packaging additives market is segmented on the basis of substrate, additive type, packaging type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of additive type, the packaging additives market is segmented into antimicrobial agents, anti-fog agents, antistatic additives, clarifying agents, oxygen scavengers, UV stabilizers, and others.
- On the basis of packaging type, the packaging additives market is divided into rigid, flexible, and others.
- On the basis of substrate, the packaging additives market is fragmented into plastics, metals, paper & paperboards, and others.
- On the basis of application, the packaging additives market is segmented into food applications, beverages, pharmaceuticals & health care, cosmetic & personal care, others. Food application is further sub-segmented into fresh food, chilled food, frozen food, dairy products, baked goods, snack foods, confectionery, dried foods, other human food, and pet food, while beverages are sub-segmented into cold beverages and hot beverages.
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Packaging Additives Market Regional Analysis/Insights
The Packaging Additives market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Packaging Additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Packaging Additives within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Packaging Additives market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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