High Performance Composites Market- Global Forecast To 2022

The report "Packaging Additives (Functional Additives and Barrier Coatings) Market by Type (Antioxidants, UV Stabilizers, Antimicrobials, Metalized Coatings, and Organic Liquid Coatings), by Application (Food, Beverage, Cosmetic & Personal Care), and by Region - Global Trends & Forecast 2020", The global packaging additives (functional additives and barrier coatings) market is estimated to reach USD 4.90 Billion by 2020 at a CAGR of 5.5% from 2015 to 2020. This growth is fueled by the increased use of packaging material, especially in Asia-Pacific, owing to changes in lifestyle, higher population, and rapid urbanization.

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Scope of the Report:

This research report categorizes the market for packaging additives (functional additive and barrier coatings) based on type, applications, and region, and forecasts revenue growth and analysis of trends in each of the submarkets.

On the Basis of Type: The packaging additives (functional additive and barrier coatings) market is segmented into the following on the basis of type:

• Antioxidants
• UV stabilizers
• Anti-block
• Clarifying agents
• Anti-static
• Anti-fog
• Antimicrobial
• Metalized coating
• Organic liquid coatings
• Inorganic oxide coatings

Each type is described in detail in the report with value as well as volume forecasts till 2020.

On the Basis of Application: The packaging additives (functional additive and barrier coatings) market is segmented into the following on the basis of application:

• Food
• Beverages
• Pharmaceutical & Healthcare
• Cosmetic & Personal Care
• Others

The market segments are described in detail in the report with value as well as volume forecasts till 2020.

On the Basis of Region: The packaging additives (functional additive and barrier coatings) market is segmented by region as:

• North America : U.S., Canada, and Mexico
• Europe: Germany, France, U.K., Italy, Russia, Spain, Turkey, and Rest of Europe
• Asia-Pacific: China, Japan, India, and Rest of Asia-Pacific
• RoW: Brazil and Maghreb

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The pharmaceutical & healthcare segment is projected to be the fastest-growing application of the packaging additives (functional additives and barrier coatings) market during the forecast period. Packaging additives (functional additives and barrier coatings) provide the required physical and chemicals stability (effective barrier to moisture, oxygen, microorganism, and light) to the end product. The demand for these additives and coatings used in pharmaceutical packaging are projected to be fueled by industry demands, regulatory pressures, enhanced patient care, and cost-cutting measures.

Functional additives are classified into seven types including antioxidants, UV stabilizers, anti-block, clarifying agents, anti-static, anti-fog, and antimicrobial. Barrier coatings include metalized coatings, organic liquid coatings, and inorganic oxide coatings. In terms of volume, antioxidant is the largest segment followed by anti-block. However, in terms of value, antimicrobial additives were the largest type segment in 2015. For barrier coatings, the metalized coatings segment accounted for the largest share, both in terms of value and volume, in 2015.

Currently, Asia-Pacific is the largest packaging additives (functional additives and barrier coatings) market, accounting for more than two-fifth of the global market size, in terms of value, in 2015. Among all the countries, China dominates the market, closely followed by the U.S. Presence of a large number of global as well as regional market players, well-established packaging industry, high population, increased levels of disposable income, and changing lifestyle are the key factors driving the market in China.

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Companies, such as BASF SE (Germany), Songwon Industrial Co. Ltd. (South Korea), Cytec- Solvay Group (U.S.), Clariant Corp. (Switzerland), and Addivant (U.S.) are the dominant market players in the global packaging additives (functional additives and barrier coatings) market. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advances are some of the factors responsible for strengthening the position of these companies in the global market. These companies have been adopting various organic and inorganic growth strategies such as expansions, mergers & acquisitions, partnerships, and new product launches & products development to enhance their current market share.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.