Packaging Additive Market

Packaging Additive Market Study by Antimicrobial Agents, Antistatic Agents, Oxygen Scavengers, Antifog Agents, Clarifying Agents, and UV Stabilizers from 2024 to 2034

Analysis of Packaging Additive Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Packaging Additive Market Outlook (2024 to 2034)

The global packaging additive market size is set to bring in revenue worth US$ 574.8 million in 2024 and further increase at a CAGR of 4.5% to end up at US$ 892.6 million by the end of 2034.

Packaging says a lot about the brand, and more companies are investing heavily to enhance their packaging by making it eco-friendly. The market for packaging additives is projected to expand at a moderate pace in the years to come as more people are attracted to unique packaging.

Packaging additives are those materials that are added in the manufacturing process that can enhance the quality and shelf life of the product. A few of the primary additives include anti-oxidants, stabilizers, and plasticizers. Packaging means preserving the product from gas passing through, few of the major packaging materials include pulp, paperboard, plastic, corrugated box, and biopolymers. These additives and packaging materials are mixed to make a reasonable final product that is unique and easy to handle.

Packaging additives are commonly used in a variety of sectors ranging from food products and pharmaceuticals to cosmetics and personal care. The market is exhibiting moderate growth due to the increased demand for packaging due to a rise in online sales.

Key Market Growth Drivers

  • Often, fog or water droplets form in packaged foods such as vegetables, cakes, and fruits. To address this issue, companies include antifog additives in the packaging to prevent the occurrence of condensation in both hot and cold conditions.
  • Additives not only extend the shelf life of plastic products but also safeguard the contents from spoilage, enabling consumers to store packaged food for longer periods.
  • In the pharmaceutical sector, medicines necessitate sealed packaging. As a result, companies incorporate these additives to enhance the durability of the packaging, ensuring the safe transport and storage of medicines.
  • Industry participants are opting for additives that do not react with any other material, which ensures compatibility with various packaging materials while maintaining the safety and security of the enclosed product.
  • There have been significant investments in antimicrobial additives to combat microbial growth around packaging. Primarily used in the pharmaceutical sector, these additives protect medicines from harmful bacteria and viruses.
  • Ultraviolet stabilizers are also included in the manufacturing process to shield products and packaging from Sun-induced damage, ensuring their integrity. This is a significant factor contributing to the expansion of the packaging additive market size.
Report Attribute Detail
Packaging Additive Market Size (2024E) US$ 574.8 Million
Forecasted Market Value (2034F) US$ 892.6 Million
Global Market Growth Rate (2024 to 2034) 4.5% CAGR
Canada Market Growth Rate (2024 to 2034) 5% CAGR
China Market Value (2034F) US$ 97.9 Million
North America Market Share (2024E) 23.9%
East Asia Market Share (2034F) 23.1%
Key Companies Profiled BASF SE; Evonik; Croda International PLC; ADEKA Corporation; Corbion; Dow; Ampacet Corporation; Arkema; PolyOne Corporation; PMC Group Inc; AkzoNobel NV; ALTANA Group; PPG Industries; Sun Chemical Corporation; Lubrizol Corporation; Colormatrix Group; Henkel.

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Which Factors are Leading to the Heightened Success of Packaging Additive Manufacturers?

“Increasing Demand for Packaged Food Products”

Packaged food refers to food that has been prepared ahead of time and packed to enhance its shelf life. The bulk of packaged foods are convenience foods, which are commercially made before being supplied to consumers. The concept of packaged food originated as a result of reasons such as ease of handling, preparation, and protection from outside interference. Packaged foods are easy to handle, prepare, and consume. They are getting increasingly popular as urban residents find them to be quite beneficial in both developed and developing countries.

Large consumer goods companies are increasing the number of packaged food launches to capitalize on the growing demand for ready-to-cook meals, snacks, edible oils, pulses, and juices, as consumer preferences have shifted from unbranded to branded products since the outbreak of the COVID-19 pandemic. An increase in demand for packaged food items as a consequence of shifting customer preferences is a major packaging additive market trend.

“Rising Adoption of Antimicrobial Packaging to Improve Food Shelf Life”

Food preservation, quality control, and safety are among the most pressing challenges in the food industry today. Consumers continue to prefer natural food items that meet high safety requirements to minimize the transmission of infectious diseases through food.

Antimicrobial packaging, which is thought to be a subset of active packaging and controlled release packaging, is a promising technology for effectively impregnating the antimicrobial into the food packaging film material and then delivering it over a specified period to kill the pathogens affecting food quality. This dramatically enhances the shelf life of foods.

Prominent manufacturers are focusing on R&D efforts to create new functional additives to meet the rising market demand. Furthermore, the increased use of packaging additives in the personal care industry is projected to contribute to revenue generation.

What Kind of Hurdles Do Industry Players Need to Overcome?

“Fluctuations in Raw Materials Prices and Strict Regulations Governing Packaging Materials”

Constant changes in raw material prices, especially crude oil, have an impact on the profit margins of additive manufacturing companies. Changes in environmental regulations affect the additive market. End-user industries are highly impacted by tight regulations. The adoption of low-impact materials by European and North American enterprises to reduce VOC emissions has a negative influence on packaging additive market growth.

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Country-wise Analysis

The market in Canada is forecasted to expand at a CAGR of 5% from 2024 to 2034. The country is projected to occupy a packaging additive market share of 34.5% in the North American region by the end of 2034.

What is Making the United States the Center of Attraction for Packaging Additive Manufacturers?

“Growing Demand for Convenient and Sustainable Packaging Options”

Attribute United States
Market Value (2024E) US$ 61.1 Million
Growth Rate (2024 to 2034) 4.9% CAGR
Projected Value (2034F) US$ 98.9 Million

The market in the United States is driven by technological advancements and a focus on innovation. Rising customer desire for convenient and sustainable packaging options and the strong presence of prominent firms are important market trends in the country. The emphasis on sophisticated packaging techniques, enhanced barrier qualities, and prolonged shelf life are driving demand for advanced and effective packaging additives.

Why Do Suppliers Find the Business Environment in China Conducive for Expansion?

“Abundant Raw Material Supply and Focus on Constant Industrial Infrastructure Development”

Attribute China
Market Value (2024E) US$ 63 Million
Growth Rate (2024 to 2034) 4.5% CAGR
Projected Value (2034F) US$ 97.9 Million

China is a major industrial powerhouse in Asia. The country is well-known for its manufacturing industry and is a highly profitable market for all plastic and packaging item manufacturers. China is an important market for packaging additive providers due to its abundant raw material supply.

The country manufactures a wide range of items, including packaging resins and textile additives. Rising demand for chemical additives from various end-user industries, such as food packaging and healthcare packaging, is benefitting suppliers significantly. China's focus on constant industrial infrastructure development is driving up the need for chemical additives.

Category-wise Insights

Based on product type, sales of antistatic agents are analyzed to increase at a CAGR of 3.6% from 2024 to 2034.

Which Product Type are Additive Producers Prioritizing to Maximize Their Profits?

“Increased Production of Antimicrobial Agents to Safeguard Food Items from Contamination”

Attribute Antimicrobial Agents
Segment Value (2024E) US$ 106.9 Million
Growth Rate (2024 to 2034) 4.7% CAGR
Projected Value (2034F) US$ 168.7 Million

Antimicrobial agents are becoming popular in the food packaging industry to safeguard the contents from any microbial growth. Microbial growth in food products due to contaminated packaging often leads to infections and can increase the chances of diseases. Thus, it becomes necessary for the industry players to keep a check and increase the usage of microbial agents to prevent any such incidents.

What Role Do Packaging Materials and Design Play in Beverages?

“Packaging Materials and Design Ensure Effective Brand Communication”

Attribute Beverage Industry
Segment Value (2024E) US$ 209.2 Million
Growth Rate (2024 to 2034) 4.7% CAGR
Projected Value (2034F) US$ 331.1 Million

Packaging materials and design hold particular significance in the beverages industry due to the segment’s emphasis on branding, consumer experience, and product differentiation. Packaging materials and design play a crucial role in the food and beverages industry. They possess the ability to captivate customers' attention, establish a robust brand identity, and convey a product's value within seconds. Thus, manufacturers need to devote additional focus to both the choice of packaging materials and the creation of distinctive designs.

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Market Competition

In a dynamic business such as packaging additives, staying ahead of the competition necessitates constant innovation. To preserve their market leadership, key firms are continually pursuing innovation. These industry giants are substantially investing in R&D to provide innovative packaging additives that provide greater functionality and performance. Key players in the packaging additive market are adapting themselves to the evolving market trends such as the use of packaging adhesives and packaging coating.

Despite the competitive nature of the packaging additive market, there are several investment possibilities for newcomers. As the demand for sustainable and eco-friendly packaging grows, there is a need for new additives that provide environmental advantages while maintaining functionality.

  • In April 2021, Avient Corporation, a well-known name in sustainable solutions, announced the release of a new food packaging ingredient. The novel antifog ingredient is suitable for thermoformed and transparent food packaging applications. The new additive CESA Nofog Plus will also help increase the shelf life of packaged products by reducing the buildup of moisture in the product.

Fact.MR provides detailed information about the price points of key packaging additive manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion in this new report.

Key Segments of Packaging Additive Market Research

  • By Substrate :

    • Plastic
    • Paper & Paperboard
    • Metal
    • Others
  • By Product Type :

    • Antimicrobial Agents
    • Antistatic Agents
    • Oxygen Scavengers
    • Antifog Agents
    • Clarifying Agents
    • UV Stabilizers
  • By Packaging Type :

    • Rigid Packaging
    • Flexible Packaging
  • By Application :

    • Food Industry
    • Beverage Industry
    • Cosmetics & Personal Care Industry
    • Others
  • By Region :

    • North America
    • Latin America
    • Eastern Europe
    • Western Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

How big is the packaging additive market in 2024?

The global market for packaging additives is estimated at US$ 574.8 million in 2024.

What is the estimated CAGR for the packaging additive market?

The packaging additive market is foreseen to advance at a CAGR of 4.5% between 2024 and 2034.

What share of the North American market does Canada occupy?

Canada is projected to hold 34.5% share of the North American market by 2034.

What is the demand projection for packaging additives by 2034?

Worldwide revenue from the sales of packaging additives is projected to reach US$ 892.6 million by 2034.

How fast is the market projected to expand in Japan?

The market in Japan is forecasted to expand at 5% CAGR through 2034.

Who are the leading manufacturers of packaging additives?

Leading market players are BASF SE, Evonik, and Croda International PLC.

What are the estimations for the UV stabilizers segment?

Revenue from the UV stabilizers segment is estimated to reach US$ 93.1 million in 2024.

- Also of Interest -

Biodegradable Packaging Material Market

Biodegradable Packaging Material Market By Material (Paper and Paperboards, Plastic, Jute, Wooden Biodegradable Packaging Materials), By Application (Trays, Bags, Boxes, Clamshells, Films, Pouches), By End-Use Industries & By Region - Global Market Insights 2022-2032

Packaging Coating Market

Packaging Coating Market Analysis by Acrylic Coatings, Epoxy Thermoset Coatings, and Plastisol Packaging Coatings from 2023 to 2033

Packaging Adhesives Market

Packaging Adhesives Market Analysis by Water-based, Solvent-based, Hot-melt, and Others for Corrugated Packaging, Cases & Cartons, Labeling, Folding Cartons, and Others from 2023 to 2033

EVOH Film for Packaging Market

EVOH Film for Packaging Market Study by Blown and Cast Films for Pouches, Trays, Bags & Sacks, Lids, Wrapping Films, Lids, and Liquid Packaging Solutions from 2024 to 2034

Packaging Additive Market