Packaging Additives Market Key Regions, Major Manufacturers Performance, Value Chain and Sales Channels Analysis 2025
This Packaging Additives Market study provides detailed information on market size, share analysis, supply and demand scenarios, production and value chain analysis, key drivers, constraints, emerging trends
Dallas, United States – May 23, 2021 /MarketersMedia/ —
The Global Packaging Additives Market At A Projected CAGR Of 3.9%.Packaging additives are typically added with the regular packaging materials with the sole purpose of increasing the packaging characteristics and overall quality. Additive components are added with plastics, polymers and resins in order to increase the efficiency of packaging and trying to counteract the inherited hinderances of the plastics and polymers. For instance, packaging additives can successfully harden or soften a polymer based on the requirement which is the major driving factor for the growth of the packaging additives market. Manufacturers are adopting the incorporation of packaging additives on a large-scale owing to the valuable properties of these components.
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The Major Players Covered in this Report: BASF SE, ALTANA, Arkema Inc., MHM Holding GmbH, ADEKA CORPORATION, SONGWON, Amcor Limited, Addivant, DuPont, DIC CORPORATION, Flint Group, and Clariant AG are the leading players present within the global packaging additives market.
The growth in the food and beverage industry particularly that of the convenience food and packaged foods market is considered to accelerate the demand of the packaging additives components. The food and beverage market is highly dominated by the ready-to-eat and instant foods market with a large global market share driving the growth of the packaging additives market. Growing market trends coupled with a fast-paced lifestyle has effectively increased the demand for convenient foods boosting the processing and packaging industry to implement packaging products maintaining the quality of the food product without hampering the product with the packaging material thus attaining a heathier growth opportunity landscape for the packaging additives market.
The overall applications perspective implies the utility of packaging additives in the food, beverage, cosmetics and pharmaceutics market. The packaging additives are plasticisers with a considerable change of mechanical characteristics and attributes external protection by enhancing the properties of the packaging material. Packaging additives are utilised in order to provide a barrier against the external environment including light exposure, moisture, oxygen and microorganisms. Packaging additives are of significance because of their antimicrobial nature eliminating the biological hazards. They also possess UV stabilizing properties and antioxidant properties enhancing the possibility of shelf lie extension.
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Healthcare and food and beverage industry are the major source of demand for packaging material equipped with higher antioxidant and antimicrobial properties. The functional aspects of the packaging additives bifurcate the market into UV stabilizers, antioxidants, oxygen scavengers, antistatic additives and antimicrobial additives. The beverage industry is on the rise with emergence of aerated and energy drinks worldwide propelling the growth of the packaging additives market with adoption of plasticizer additives by bottle manufacturers.
The packaging additives market is projected to witness fastest growth during the forecast period with increasing processing and packaging industries. The largest plastic producer being China is fuelling market growth coupled with the growing prevalence of manufacturers implementing packaging additives in India, Japan and China. Europe is also expected to possess a growing packaging additives market environment with growing food and beverage SMEs escalating the demand for packaging additives followed by North America housing prominent manufacturers.
Key segments of the global packaging additives market
Type Overview, 2015-2025 (USD Million) (Tons)
• Antimicrobial Agents
• Anti-Fog Agents
• Antistatic Additives
• Clarifying Agents
• Oxygen Scavengers
• UV stabilizers
• Others
Packaging Type Overview, 2015-2025 (USD Million) (Tons)
• Rigid Packaging
• Flexible Packaging
• Others
Application Type Overview, 2015-2025 (USD Million) (Tons)
• Food
• Beverages
• Pharmaceutical & Healthcare
• Cosmetics & Personal Care
Regional Overview, 2015-2025 (USD Million) (Tons)
• North America
o U.S.
• Europe
o Germany
o UK
• Asia-Pacific
o China
o India
• Central & South America
• Middle East and Africa
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