Packaging Coating Additives Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.82 Billion |
| Market Size (2029) | USD 1.01 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Packaging Coating Additives Market Analysis
The Packaging Coating Additives Market size is estimated at USD 0.82 billion in 2024, and is expected to reach USD 1.01 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic disrupted the packaging coating additives market, causing declines in sales, production, and distribution due to global supply chain disruptions and government restrictions. However, the market is seemingly growing towards its pre-pandemic stages as many economies are returning to normalcy.
Increasing demand in industrial packaging and growing demand for anti-fog and anti-microbial additives in food and beverage packaging applications are expected to fuel the market growth.
On the flip side, strict government policies regarding the use of plastics and fluctuation in raw material prices are hindering the growth of the market.
Rising demand for flexible coating additives and growing trends for e-commerce in developing as well as developed countries are expected to offer ample opportunities for the growth of the market.
Asia-Pacific dominated the global market's most significant enormous consumption from countries such as China, India, and Japan.
Packaging Coating Additives Market Trends
Increasing Demand from Food and Beverages Packaging Segment.
- Packaging Materials are prone to problems such as friction and chemical stability. To improve the performance of packaging coating materials, additives are added, which increase the pH stability, make the surface frictionless, and induce anti-microbial properties to the packaged food items.
- Packaged and processed foods consumption is increasing globally owing to increasing disposable income and the hectic lifestyle of consumers, which will help stimulate the demand for packaging coatings, thus enhancing the market for packaging coating additives.
- Increasing sales of packaged and processed foods will help in increasing the demand for packaging coating additives as they help in preventing food spoiling & leakage and also help in increasing the serviceable life of packaged food items.
- Furthermore, the use of antifog packaging coating additive helps to increase the sales of packaged food items as antifog additives helps to maintain the clarity and transparency of packaged coatings, thus making food items visible to the customer.
- According to Invest India, India's burgeoning food processing sector, with an anticipated output of USD 535 billion by 2025-2026, is driving significant growth in the Indian food and beverage packaging industry, which is projected to reach USD 86 billion in 2029, fueled by an annual growth rate of 14.8%. This growth fuels the demand for packaging and coating adhesives, essential food packaging components.
- Due to the changing consumer habits, the beverage industry in the United States has noticed substantial growth. According to PMMI's Beverage Report, the North American beverage industry is expected to grow by 4.5% from 2018 to 2028. Sellers achieve the major portion of the beverage sales in North America in the United States.
- Owing to the aforementioned factors, the packaging coating additives market is expected to grow rapidly during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for packaging coating additives during the forecast period. In countries like China and India, due to the significant rise in the income of the middle-class population and the increasing demand for packaged foods, the need for packaging coating additives has been increasing in the region.
- Growth in e-commerce is expected to provide lucrative opportunities for the packaging coatings industry and, consequently, for the packaging coating additives market in the region. The food and beverage packaging segment is the fastest-growing among them.
- China holds the largest share in the e-commerce market, accounting for more than 30% of the total e-commerce sales.
- The growing emphasis on sustainability prompts folding carton manufacturers to introduce innovative packaging solutions, particularly in the dairy segment. In March 2022, SIG India launched an aluminum-free folding carton aseptic packaging to cater to the rising demand for carton-packaged milk products in India.
- In a significant step towards sustainable packaging, ITC Limited's Yippee! The brand introduced "Terra By YiPPee!" in February 2023, a waste upcycling initiative that transforms discarded YiPPee! Wrappers into eco-friendly lifestyle products, including laptop sleeves, totes, and stationery pouches.
- The above factors, coupled with government support, have fueled the growth of the packaging coating additives market.
Packaging Coating Additives Industry Overview
The packaging coating additives market is highly fragmented in nature. The major players (not in any particular order) include Croda International Plc, BASF SE, Arkema, 3M, and CLARIANT, among others.
Packaging Coating Additives Market Leaders
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BASF SE
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3M
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Arkema
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CLARIANT
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Croda International Plc
*Disclaimer: Major Players sorted in no particular order
Packaging Coating Additives Market News
December 2022: 3M Company phased out the use of "forever chemicals" in its packaging solutions, including tapes, POST-IT notes, and waterproof coating.
August 2022: BASF SE collaborated with Nippon Paint China, a leading coatings manufacturer, to introduce eco-friendly industrial packaging.
Packaging Coating Additives Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand in Food & Beverages Packaging
4.1.2 Increasing Demand in Industrial Packaging
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Strict Government Policies Regarding the Use of Plastics
4.2.2 Fluctuation in Raw Material Prices
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size In Value)
5.1 Formulation
5.1.1 Water-based
5.1.2 Solvent-based
5.1.3 Powder-based
5.2 Function
5.2.1 Slip
5.2.2 Anti-static
5.2.3 Anti-fog
5.2.4 Antimicrobial
5.2.5 Anti-block
5.3 Application
5.3.1 Food and Beverage
5.3.2 Industrial
5.3.3 Healthcare
5.3.4 Consumer Goods
5.3.5 Other Applications (Nutraceuticals)
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 Italy
5.4.3.4 France
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Ampacet Corporation
6.4.3 Arkema
6.4.4 BASF SE
6.4.5 BYK Group (ALTANA)
6.4.6 CLARIANT
6.4.7 Croda International Plc
6.4.8 DAIKIN INDUSTRIES, Ltd.
6.4.9 DIC CORPORATION
6.4.10 Evonik Industries AG
6.4.11 Lonza
6.4.12 PCC Group
6.4.13 Solvay
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Demand For Flexible Coating additives
7.2 Growing Trend for E-commerce
Packaging Coating Additives Industry Segmentation
Packaging coating additives are crucial components that enhance the performance and lifespan of packaging materials. These additives, including anti-fog, antimicrobial, slip, and anti-static agents, modify the surface properties of packaging materials, enabling them to withstand external factors like heat, light, moisture, and mechanical stress. Packaging coating additives are extensively used in the food and beverage, pharmaceutical, cosmetic, and consumer goods industries. They contribute to safeguarding product safety, quality, and longevity. Additionally, they improve the strength and durability of packaging materials, provide resistance to wear and tear, and extend shelf life.
The packaging coating additives market is segmented by formulation, function, application, and geography. By formulation, the market is segmented into water-based, solvent-based, and powder-based. By function, the market is segmented into slip, anti-static, anti-fog, antimicrobial, and anti-block. By application, the market is segmented into food and beverage, industrial, healthcare, consumer goods, and other applications (nutraceuticals). The report also covers the market size and forecasts for the packaging coating additives market in 15 countries across major regions.
For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Formulation | |
| Water-based | |
| Solvent-based | |
| Powder-based |
| Function | |
| Slip | |
| Anti-static | |
| Anti-fog | |
| Antimicrobial | |
| Anti-block |
| Application | |
| Food and Beverage | |
| Industrial | |
| Healthcare | |
| Consumer Goods | |
| Other Applications (Nutraceuticals) |
| Geography | |||||||
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Packaging Coating Additives Market Research FAQs
How big is the Packaging Coating Additives Market?
The Packaging Coating Additives Market size is expected to reach USD 0.82 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 1.01 billion by 2029.
What is the current Packaging Coating Additives Market size?
In 2024, the Packaging Coating Additives Market size is expected to reach USD 0.82 billion.
Who are the key players in Packaging Coating Additives Market?
BASF SE , 3M , Arkema, CLARIANT and Croda International Plc are the major companies operating in the Packaging Coating Additives Market.
Which is the fastest growing region in Packaging Coating Additives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Packaging Coating Additives Market?
In 2024, the Asia Pacific accounts for the largest market share in Packaging Coating Additives Market.
What years does this Packaging Coating Additives Market cover, and what was the market size in 2023?
In 2023, the Packaging Coating Additives Market size was estimated at USD 779.25 million. The report covers the Packaging Coating Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Packaging Coating Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Packaging Coating Additives Industry Report
Statistics for the 2024 Packaging Coating Additives market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Packaging Coating Additives analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
