Antifog Additives Market Size

Anti-Fog Additives Market Analysis

The antifog additives market is projected to register a CAGR of more than 4% during the forecast period (2021-2026).

COVID-19 has positively impacted the food packaging industry due to increased consumer awareness of fresh and safe deliveries, which is expected to boost the market for antifog films. For instance, according to the Ministry of Foof and Drug Safety (MFDS), processed food and vegetable imports in South Korea increased by around 6,000 ton in 2020 to hit 281,222 ton, compared to 275,424 ton in 2019. The revenue from the global food and beverage industry was valued at over USD 240 billion in 2020, which increased significantly from approximately USD 158 billion in 2019. Antifog additives, which are predominantly used in the production of films, create antifogging properties, thus protecting vegetables, fruits, meat, etc. Owing to these factors, the market for antifog additives is estimated to grow substantially through the forecast period.

• Over the medium term, increasing demand for agricultural and food packaging films and growing demand for coating films for mirrors and goggles are expected to drive the market.
• Strict government policies, hazardous waste production at the time of film production, and the negative impact of the COVID-19 pandemic act as restraints for market growth.
• On the other hand, there is a demand from the food and beverage sector for the packaging of processed foods to prevent the packaged food from spoiling and the formation of fog, which reduces visibility. This is projected to propel the antifog additives market.
• Asia-Pacific holds the largest market share, with the highest demand coming from India, China, and Japan.