The Latest Packaging Coating Additives Industry Statistics Explained
The global packaging coating additives market was worth $688 million in 2018.
The statistic stating that the global packaging coating additives market was worth $688 million in 2018 indicates the total market value of additives used specifically for coating applications in the packaging industry for that year. This figure represents the collective value of various types of additives such as antioxidants, antimicrobial agents, UV stabilizers, and others, which are incorporated into packaging coatings to enhance their performance properties. The market value provides insights into the size and significance of the packaging coating additives industry within the broader packaging sector, highlighting the demand for these specialized materials in ensuring the quality and functionality of packaging materials for various products across different industries.
The packaging coating additives market is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2021 to 2026.
This statistic indicates the projected rate of growth for the packaging coating additives market from the year 2021 to 2026. A compound annual growth rate (CAGR) of 8.7% signifies the average annual growth rate over this five-year period. This means that the market is anticipated to expand by 8.7% each year, taking into account the compounding effect. Such growth signals a positive outlook for the industry, suggesting increasing demand and opportunities for companies operating within this market segment. This data can be valuable for businesses looking to make strategic decisions, investments, and market assessments within the packaging coating additives sector.
The packaging coating additives market size is projected to reach $24.4 billion by 2026.
This statistic suggests that the market for packaging coating additives is expected to grow significantly, reaching a total value of $24.4 billion by the year 2026. This indicates a forecasted increase in demand for these additives, which are materials added to packaging coatings to enhance properties such as durability, protection, and visual appeal. The projected size of the market reflects anticipated growth in various industries that rely on packaging materials, such as food and beverage, pharmaceuticals, and personal care products. Factors driving this growth may include technological advancements in coating additives, increasing focus on sustainable packaging solutions, and evolving consumer preferences for high-quality product packaging.
In 2021, anti-fogging application segment dominated the packaging coating additives industry.
In 2021, the dominance of the anti-fogging application segment within the packaging coating additives industry suggests that there was a higher demand for additives designed to prevent fogging on packaging materials. Anti-fogging additives are commonly used in food packaging to maintain product visibility and prevent condensation or fogging that can obstruct the view of the items inside the package. This statistical trend indicates that manufacturers and consumers prioritize the visual appeal and quality of packaging materials, leading to the significant market share held by the anti-fogging application segment in the industry during the specified year.
In 2021, the Asia-Pacific region accounted for nearly half of the total market share in terms of revenue.
This statistic indicates that in the year 2021, the Asia-Pacific region commanded a significant portion of the overall market share in terms of revenue, with nearly half of the total market share attributed to this region. This suggests that businesses and industries in the Asia-Pacific region, including countries like China, Japan, and South Korea, played a substantial role in contributing to the overall revenue generated in the global market landscape. This dominance highlights the economic significance and growth potential of the Asia-Pacific region, making it a key player in driving market trends and influencing business strategies on a global scale.
The beverage segment is expected to grow at a significant CAGR during the forecast period.
This statistic suggests that the beverage industry is projected to experience notable growth over the specified forecast period, as indicated by a significant Compound Annual Growth Rate (CAGR). The CAGR is a metric used to measure the average annual growth rate of an investment over a specified period of time. In this context, a significant CAGR implies that the beverage segment is anticipated to expand at a substantial rate in terms of revenue or market size, outperforming the industry average. This forecast may be driven by various factors such as changing consumer preferences, innovation in product offerings, expanding market demand, and economic trends, highlighting potential opportunities for businesses operating within the beverage sector to capitalize on this growth trajectory.
In 2019, North America accounted for the largest share in the packaging coating additives market.
The statistic indicates that in the year 2019, North America had the highest market share in the packaging coating additives industry compared to other regions globally. This suggests that North America was the leading market for packaging coating additives during that year, indicating a high level of demand for these additives in the region. The dominance of North America in this market likely points towards various factors such as technological advancements, strong presence of key industry players, favorable regulatory environment, and growing needs for specialized packaging solutions. This statistic highlights the importance of North America in the packaging coating additives market and underscores the region’s significance in driving growth and innovation in this sector.
Food and beverage industry is the biggest consumer of packaging coating additives.
The statistic “Food and beverage industry is the biggest consumer of packaging coating additives” indicates that the food and beverage industry uses a significant amount of packaging coating additives in their products. These additives are substances added to packaging materials to enhance their properties such as durability, moisture resistance, and overall appearance. The high consumption of packaging coating additives by the food and beverage industry suggests that these companies prioritize the quality and functionality of their packaging to ensure the safe and appealing presentation of their products to consumers. This statistic highlights the importance of packaging coatings in the food and beverage industry and underscores the industry’s focus on delivering high-quality products to customers.
Polymer & plastic application segment accounted for over 65% of the overall packaging coating additives demand in 2020.
This statistic indicates that in 2020, the polymer and plastic application segment was the dominant sector driving the demand for packaging coating additives, representing more than two-thirds (65%) of the total demand. This suggests that the use of packaging coating additives in polymer and plastic applications, such as for enhancing durability, appearance, and protective properties of packaging materials, was significantly higher compared to other application segments like paper, metal, or glass. The strong demand from the polymer and plastic industry highlights the importance of packaging coating additives in improving the quality and performance of packaging materials in various sectors like food and beverage, pharmaceuticals, and consumer goods.
Europe accounted for over 25% of total global packaging coating additives market revenue in 2020.
This statistic indicates that in 2020, Europe contributed significantly to the total global packaging coating additives market revenue, with a share exceeding 25%. This suggests that Europe plays a crucial role in the packaging coating additives industry, reflecting the region’s strong market presence and demand for these additives. The high revenue share implies that European countries are active consumers and producers of packaging coating additives, driving market growth and innovation in the region. The statistic underscores the importance of Europe as a key player in the global packaging coating additives market and highlights the region’s influence on industry trends and developments.
Anti-static coatings expected to grow at a CAGR of around 5.7% throughout the forecast period.
This statistic indicates that the market for anti-static coatings is projected to increase steadily over the forecast period, with a Compound Annual Growth Rate (CAGR) of approximately 5.7%. This means that the demand for anti-static coatings is expected to grow at a consistent rate each year over the specified projection period. The CAGR provides a way to understand the average annual growth rate of the market, offering insights into the potential expansion of the industry and indicating a positive outlook for the adoption and use of anti-static coatings in various applications such as electronics, packaging, and automotive sectors.
Latin America market segment is expected to grow at a CAGR of 7.5% during 2021-2026.
This statistic indicates that the Latin America market segment is projected to experience a Compound Annual Growth Rate (CAGR) of 7.5% over the period from 2021 to 2026. This growth rate represents the annualized rate at which the market is expected to expand during this time period. A CAGR of 7.5% signifies a relatively robust growth trajectory for the Latin America market segment, suggesting increasing economic activity, consumption, and investment within the region. Such growth may be driven by factors such as demographic trends, technological advancements, shifts in consumer behavior, or regulatory changes impacting the market. Overall, this statistic highlights the potential growth opportunities and positive outlook for businesses operating or considering expansion in the Latin America market.
The bio-based packaging coating additives segment is predicted to grow at a healthy rate during the forecast period.
This statistic indicates that the market for bio-based packaging coating additives is expected to expand significantly over the forecast period. The term “healthy rate” suggests that this growth will be sustainable and robust, outpacing the overall market growth for packaging coatings. This prediction could be driven by increasing consumer demand for environmentally friendly and sustainable packaging solutions, as well as regulatory incentives promoting the adoption of bio-based materials. It implies that there is a strong market opportunity for manufacturers and suppliers of bio-based packaging coating additives to capitalize on the growing shift towards more sustainable packaging options.
The anti-block packaging coating additives segment accounted for around 20% share in 2020.
This statistic indicates that the segment of anti-block packaging coating additives held a significant portion, approximately 20% share, of the market in the year 2020. This suggests that a notable proportion of the overall market for packaging coating additives was attributed to anti-block additives specifically designed to prevent surfaces from sticking together. This segment’s substantial market share may reflect the demand for such additives in various industries that utilize packaging materials, such as food packaging or industrial packaging, where preventing blocking or adhesion of surfaces is crucial. The statistic highlights the importance and relevance of anti-block packaging coating additives in the market landscape during the specified period.
The fast-moving consumer goods (FMCG) segment will likely be the fastest-growing segment during the forecast period.
This statistic indicates that within the forecast period, the fast-moving consumer goods (FMCG) segment is projected to experience the highest rate of growth compared to other segments. FMCG products, such as food, beverages, personal care items, and household goods, are typically in high demand and have a quick turnover rate. The forecast suggests that consumer demand for these products will increase significantly, driving growth in the FMCG segment. This growth could be influenced by various factors such as changes in consumer preferences, population growth, economic conditions, and marketing strategies employed by companies operating in this segment. Overall, this statistic highlights the potential for strong market growth and opportunities within the FMCG industry in the upcoming period.
The solvent-based coating segment dominated the global market in 2020.
The statement indicates that in 2020, the solvent-based coating segment had the highest market share compared to other segments in the global market. This dominance suggests that solvent-based coatings were the most widely used type of coating material, chosen by a majority of consumers or industries within the market. This could be due to various factors such as cost-effectiveness, durability, ease of application, or specific performance characteristics that solvent-based coatings offer. The dominance of this segment highlights its significant influence and market penetration in the coatings industry during the specified year.
The United States packaging coating additives market is predicted to reach a value of $6.9 billion by 2026.
The statistic indicates that the market for packaging coating additives in the United States is expected to grow significantly, reaching a value of $6.9 billion by the year 2026. This growth forecast suggests a positive outlook for the packaging industry, driven by factors such as increasing demand for innovative and sustainable packaging solutions, advancements in coating technologies, and rising consumer awareness regarding the importance of packaging materials. The projected value takes into account various market trends and dynamics, indicating opportunities for companies operating in the packaging coating additives sector to capitalize on this growth potential in the coming years.
The global pharmaceutical packaging coatings market is expected to achieve an incremental growth of $688 million from 2020 to 2025.
This statistic indicates that the global pharmaceutical packaging coatings market is projected to experience significant growth over the period of 2020 to 2025, with an expected increase in revenue of $688 million. This represents an incremental growth in market size and reflects the expanding demand for pharmaceutical packaging coatings in the industry. The growth in this market is likely driven by various factors such as increasing healthcare expenditures, rising demand for pharmaceutical products, stringent regulations pertaining to drug packaging, and emphasis on product safety and quality. Pharmaceutical companies and packaging manufacturers stand to benefit from this growth as they cater to the needs of the expanding pharmaceutical industry.
Conclusion
The statistics presented for the Packaging Coating Additives industry provide valuable insights into current market trends and future projections. These data points serve as a useful tool for industry professionals, researchers, and decision-makers to make informed decisions and strategies to navigate the dynamic landscape of the packaging industry.
References
0. – https://www.www.alliedmarketresearch.com
1. – https://www.www.fortunebusinessinsights.com
2. – https://www.www.transparencymarketresearch.com
3. – https://www.www.marketsandmarkets.com
4. – https://www.www.technavio.com
5. – https://www.www.mordorintelligence.com
