Published on : Feb 05, 2019
Albany, New York, February 5, 2019: Demands for high end packaging solutions that render superlative barrier properties against oxygen, light, and moisture have augmented adoption of sophisticated packaging across end-user verticals comprising personal care, F&B and pharmaceutical. Advances in food packaging to supplement growing demands for packaged foods, coupled with rising healthcare expenditure on the back of surged patient pools are likely to direct the packaging additives market towards exponential growth.
However, government initiatives curbing the use of plastic lower than 50 micron is accounted as a potential growth deterrent. These market highlights are in line with Market Research Hub's (MRH) recent report offering titled, 'Packaging Additives Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028' included in its voluminous data repository.
Product Innovations and Facility Expansion: Staple Growth Strategies amongst Lead Vendors
To resonate rising demands for on-shelf packaging additives, leading vendors are increasingly banking upon facility expansion and strategic coalitions and buy-outs to sustain their leading stance amidst stiffening competition. Additionally, incorporation of technological novelties that encourage recycling and restrict landfill amassment have emerged as crucial growth strategies adhered by leading players to mimic industry specificities. Additionally, to tap teeming opportunities in developing economies leading global providers have also invested in geographical expansion to diversify end-user portfolio.
Banking upon product innovations to sustain competition market players are increasingly diverting their investments towards novel feature additions to deliver diversified portfolio. AkzoNobel's novel antifog packaging solutions under the brand Armofog has been launched to address droplet diposition on packaging. The product is likely to entice appeal amongst end-users.
Flexible Packaging Type Segment to Witness Demand Upsurge
This report on packaging additives market is strategically organized into detailed chapters to offer report readers with substantial information on prevailing market spectrum. Commencing with an overview section the report spills into detailed assessment of the market such as dynamic segmentation. Besides lending details about potential market drivers, restraints, trends, and challenges that shape growth trajectory of packaging additives market, this report also enlists core segments such as packaging type, application, product type, and substrate. Based on substrate packaging additives market is splintered into plastic, metal, paper and paperboard besides glass. In terms of packaging type packaging additives market is classified into rigid and flexible. By application packaging additives market is classified into food, beverages, cosmetics, and personal care. Antimicrobial, antifog, antistatic, and oxygen scavengers besides others are accounted as core packaging additive types.
North America Offers Lucrative Opportunities through the Forecast Tenure
The report subsequently lends insights on geographical scope and expanse based on which packaging additives market is compartmented into core regional hubs based on which Europe, North America, Latin America, Asia-Pacific excluding japan, and Middle East and Africa, and Japan are identified as major regional hubs in packaging additives market.
Competition Overview: Packaging Additives Market
The report in its trailing sections evaluates the vendor landscape based on which report readers can identify prominent players. Each of the profiles is analyzed on the basis of industry parameters. Winning strategies such as product innovations, strategic acquisitions, and collaborations are evaluated to infer core deductions based on which new and existing market players can effectively deliver lucrative business deals.
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