Market Size of Packaging Coating Additives Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.82 Billion |
| Market Size (2029) | USD 1.01 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Packaging Coating Additives Market Analysis
The Packaging Coating Additives Market size is estimated at USD 0.82 billion in 2024, and is expected to reach USD 1.01 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic disrupted the packaging coating additives market, causing declines in sales, production, and distribution due to global supply chain disruptions and government restrictions. However, the market is seemingly growing towards its pre-pandemic stages as many economies are returning to normalcy.
Increasing demand in industrial packaging and growing demand for anti-fog and anti-microbial additives in food and beverage packaging applications are expected to fuel the market growth.
On the flip side, strict government policies regarding the use of plastics and fluctuation in raw material prices are hindering the growth of the market.
Rising demand for flexible coating additives and growing trends for e-commerce in developing as well as developed countries are expected to offer ample opportunities for the growth of the market.
Asia-Pacific dominated the global market's most significant enormous consumption from countries such as China, India, and Japan.
