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Packaging coating materials are used to package foods, consumer goods, medical equipment, and industrial products. These packaging materials are prone to friction and possess less chemical stability. Additives are added to improve its performance, anti-microbial properties, water-repellency, pH stability, and provides less friction surface. Increasing purchasing power of the middle-class population is expected to be the major driver of the Global Packaging Coating
Additives Market. Growing consumption of packaged products is anticipated to favor the Packaging Coating Additives Market growth. Furthermore, rising health awareness among the growing population is anticipated to boost the market growth. Emerging markets in developing countries is expected to provide strong growth opportunities to the market players. In addition to this, rising demand for bio-based slip additives is likely to provide ample opportunities to the market players. Packaging leads to plastic waste which poses a major challenge to the market players. However, stringent government and environmental regulations are expected to hamper the market growth. In addition to this, fluctuating raw material prices is anticipated to further restrain the market.
Covid-19 Impact Analysis
Top Impacting Factors
The packaging coating additives market is anticipated to be driven considerably due to the significant growth of the middle-class population's rising disposable income in the emerging economies. Also, the rising health awareness is acting as a key determinant favoring the growth of the market over the forecast period. The major factor accountable for the market's growth is the increasing competition is encouraging manufacturers to innovate and develop new packaging methods that require decreased number of resources and improve the protection along with rising disposable income has also increased the demand for packaged items. Beside this, the various advantages offered by packaging coating additives products such as ease of handling, lower cost and insignificant wastages is also flourishing the growth of the packaging coating additives market.
Market trends
Key Benefits of the Report
Questions answered in the Packaging Coating Additive Market Report
Packaging Coating Additive Market Report Highlights
Aspects | Details |
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By Formulation |
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Key Market Players | Arkema, Shin-Etsu Chemical, The Dow Chemical Company, BASF, Evonik Industries, Ashland, Solvay, DuPont, AkzoNobel, Clariant |
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