Global Packaging Additives Market 2017-2021
About Packaging Additives
Packaging additives enhance performance, processability, and the external appearance of a packaging. These additives are added to the packaging material during the polymer melt stage. These additives can modify polymers that have benefitted the packaging industry to cater to the demand from the food, beverage, pharmaceutical and healthcare, cosmetics, and personal care sectors to safeguard the products with the help of enhanced and strong materials.
Technavio’s analysts forecast the global packaging additives market to grow at a CAGR of 5.43% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaging additives market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Packaging Additives Market 2017-2021
Technavio recognizes the following companies as the key players in the global packaging additives market: Akzo Nobel, Altana, Arkema, BASF, and Evonik.
Other Prominent Vendors in the market are: PPG, Flint Group, DIC Corporation, and Valspar.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is changing consumer trends in packaging industry. The packaging industry is constantly evolving with changing consumer preferences and demanding nature of the market. Packaging is essential for any brand since packaging caters to branding, interaction, and finally disposal.”
According to the report, one driver in the market is need for extended shelf life in packaging sector. The packaging industry is growing at a rapid pace with increasing innovations in the food processing industry. Packaging has become an indispensable part of food processing over the last four decades. Packing materials are generally used to contain the product, preserve it, increase its shelf life without compromising on the product quality, and provide ample sturdiness for hassle-free transportation and distribution.
Further, the report states that one challenge in the market is migration of additives into consumables. The additives used in the food packaging sector are constantly under scrutiny. These additives are also known as indirect additives that fall under the 1958 Food Additives Amendment of the Federal Food, Drug, and Cosmetic Act. The scrutiny arises from the fear of migration of these additives unintentionally into food and beverages. An additional challenge arises because analytical deficiencies and complex testing protocols govern both direct testing and modeling for estimation of migration.
Akzo Nobel, Altana, Arkema, BASF, Evonik, PPG, Flint Group, DIC Corporation, and Valspar
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