Packaging Coating Additives Market Growth, Size, Share, Trends, and Forecast 2032

The global Packaging Coating Additives market size accrued earnings worth approximately USD 897.61 Million in 2023 and is predicted to gain revenue of about USD 1,393.68 Million by 2032, is set to record a CAGR of nearly 5.01% over the period from 2024 to 2032.

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Packaging Coating Additives Market Overview

The packaging coating additives are utilized in the packaging of food products. Packaging coating additives help in preventing leakages and spoiling of packaging materials, thereby extending the shelf life of food products. These product packaging coating additives are used for a broad range of applications, such as food, healthcare, industrial, and consumer, among others. The global packaging coating additives market study also comprises the detailed value chain analysis for providing a comprehensive view of the market. Moreover, the study also includes Porter’s Five Forces model for packaging coating additives, to understand the competitive landscape of the global market. The study includes a market attractiveness analysis of all the segments related to the market.

Packaging Coating Additives Market Growth Dynamics

The global packaging coating additives market is experiencing significant growth, which is likely to continue in the upcoming years. Rising environmental safety concerns and increasing competition are the major factors that are anticipated to influence the manufacturers to produce cost-efficient packaging that offers better safety. The growing demand for food from emerging economies is likely to act as a key driver for the packaging coating additives market growth. The increased use of packaging coating additives is also found in paper coating, construction additives, paints and coatings, and adhesives and sealants industries across different regions. Stringent environmental policies and government regulations are some of the restraining factors that might hamper the packaging coating additives market growth. Fluctuating prices of raw materials related to packaging coating additives might further hinder this market’s expansion in the upcoming years. Increasing requirement for bio-based slip additives is expected to open new avenues for the key market players within the forecast period.

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Packaging Coating Additives Market: Report Scope

Packaging Coating Additives Market Segmentation

The study provides a significant view of the global packaging coating additives market by classifying it into a function, formulation, application, and regional segmentation. These segments have been estimated with the future and past trends. Based on function, the global Packaging Coating Additives market is mainly divided into a slip, anti-fog, anti-static, antimicrobial, and anti-block. Based on the formulation, the global Packaging Coating Additives market is divided into powder-based, water-based, and solvent-based. Based on various applications, the global packaging coating additives market is mainly segmented into food, healthcare, industrial, and consumer. The regional segmentation includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, these regions are divided into major countries, such as the U.S., India, Germany, France, UK, China, Japan, and Brazil.

Packaging Coating Additives Market Regional Analysis

By region, the global packaging coating additives market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2023, Asia Pacific was the biggest packaging coating additives market. This growth can be attributed to the rising need for food packaging products. The Asia Pacific is anticipated to be the fastest growing market in the near future, due to low labor costs and easy availability of raw materials. The packaging coating additives market growth rates in North America and Europe are expected to remain higher during the forecast time period.

Major vendors of global packaging coating additives market include

• 3M Company
• Akzo Nobel N.V.
• Altana AG
• Arkema S.A.
• BASF SE
• Clariant AG
• Croda International Plc
• Daikin Industries Ltd.
• DIC Corporation
• Evonik Industries AG
• Lonza Group AG
• PPG Industries Inc.
• Solvay S.A.
• The Sherwin-Williams Company

This report segments the global packaging coating additives market as follows:

Global Packaging Coating Additives Market: Function Analysis

• Slip
• Anti-fog
• Anti-Static
• Antimicrobial
• Anti-block

Global Packaging Coating Additives Market: Formulation Analysis

• Powder-based
• Water-based
• Solvent-based

Global Packaging Coating Additives Market: Application Analysis

• Food
• Healthcare
• Industrial
• Consumer

Global Packaging Coating Additives Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa