Packaging Coating Additives Market | Analysis, Size, Share Growth, Trends ForecaPosted by Market Research Future on March 23rd, 2020 Market Overview: Packaging materials are used in food packaging and industrial packaging among others to protect the products inside and for easy transportation. Additives are added to packaging coating materials to improve its chemical and pH stability, moisture protection, and antimicrobial and anti-fog properties. The global packaging coating additives market has been categorized based on function, formulation, and application. On the basis of function, the global packaging coating additives market has been divided into slip, anti-static, anti-fog, anti-block, and antimicrobial. The antimicrobial segment is expected to account for the largest market share in the following years owing to its prevention of growth of fever-causing bacteria such as fungi, mildew, bacteria, and other microorganisms. The anti-block segment is expected to be the fastest-growing segment during the forecast period owing to its growing demand from food packaging application. Key players:
Segmentation analysis: The Global Packaging Coating Additives Market has been segmented on the basis of Function, Formulation, Application and Region. Based on Function, the Global Packaging Coating Additives Market has been categorized into slip, anti-static, anti-fog, anti-block, and antimicrobial. By Formulation, the Global Packaging Coating Additives Market has been classified into water-based, solvent-based, and powder-based. On the basis of Application, the Packaging Coating Additives Markethas been divided into food packaging, industrial packaging, healthcare packaging, consumer packaging, and others. The Global Packaging Coating Additives Market has been studied across five key regions namely, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Regional Analysis: The Global Packaging Coating Additives Market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The Asia-Pacific market dominated the Packaging Coating Additives Market in 2017 and is estimated to register the highest CAGR during the forecast period. This is attributed to growing demand from packaging application. Factors such as easy availability of raw materials, changing lifestyles, and rapid industrialization is favoring the market growth in the region. China is the leading country in the region followed by Japan, India, and Indonesia. The North American market accounted for the second-largest market share in 2017 due to rising health awareness for food packaging application and growing technological advancements in the region. The US is the major contributor in the region due to rising focus on bio-based slip additives. The European market held a significant market share in 2017 and is expected to grow at a moderate CAGR during the review period owing to the stringent government regulations on ban of plastic products for packaging. Germany is the leading country in the region due to its product innovation and presence of major manufacturing companies such as BASF SE and Evonik Industries AG in the region. The Middle East & Africa held a moderate market share in 2017 owing to favorable government rules in the region. South Africa is the major contributor in the region. The Latin American market is estimated to grow at a steady CAGR in the coming years owing to the growing packaging applications in consumer goods. Brazil, Mexico, and Argentina are the regional contributors. Target Audience:
Get Complete Research Report Here@https://www.marketresearchfuture.com/reports/packaging-coating-additives-market-7048 Like it? Share it! More by this author |