Report Code: A02628 | Pages: NA | Mar 2023 | 4736 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Request Now !Polymers are extensively utilized in the packaging sector, with polyolefins being the largest volume polymer used. Several additives are used in packaging to offer processing and manufacturing performance enhancements while others permit materials to possess a mixture of improved properties. In addition, it is critical for companies in this industry to be aware of the regulations.
The global packaging additives market is driven by surge in demand from end-user sectors, rise in economical growth, increase in disposable income, and hectic lifestyles of individuals. In addition, rapid urbanization and growth in population supplement the market growth. However, volatile raw material prices and stringent government regulations pertaining to the plastic additives industry hinder this growth. Moreover, disposal of plastic waste is the major challenge faced by packaging additives manufacturers. Growth of new functional additives presents a lucrative opportunity for market growth.
The global packaging additives market is segmented based on type, application, and geography. Based on type, it is divided into antioxidants, UV stabilizers, anti-block, clarifying agent, anti-static, anti-fog, and antimicrobial. Food, beverages, pharmaceutical & healthcare, and cosmetic & personal care are the applications of these additives. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships, to strengthen their market reach and maintain their position in the competitive market.
Key Benefits
Packaging Additives Market Report Highlights
Aspects | Details |
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By Type |
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By Application |
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By Geography |
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Key Market Players | BASF SE, Songwon Industrial Co. Ltd, Cytec Solvay Group, Clariant, Addivant, Adeka Corporation, AkzoNobel, Altana AG, E.I. Du Pont De Nemours and Company, Amcor |
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