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UV stabilizers were valued at USD 97.8 million in 2016 and are expected to grow on account of its utilization
for protecting the packaged material from the external environment such as infrared radiation and ultraviolet
radiation from sunlight. Increasing demand for barrier protection solutions is expected to drive growth.
Food packaging dominated the global market in 2016 and projected to grow at a CAGR of 4.4% over the
projected period. Additives play a major role in protecting the packed item. In addition, they help in reducing
the formation of moisture on the surface which allows a consumer to view the product clearly. Aesthetics
play a major role in driving the growth of the market in the application sector.
The pharmaceutical & healthcare segment is anticipated to be the fastest growing application over the
forecast period. These additives provide the necessary chemical and physical stability to the packaged
product by protecting it from the external environment such as light, oxygen, microorganism and moisture.
The increasing demand for these additives due to regulatory pressures and enhanced patient care anticipated
to boost the market over the forecast period. The segment is estimated to be worth USD 212.6 million by
2024.
The key players in the global market are Clariant, Adeka Corporation, Amcor, Songwon Industrial Co. Ltd,
ALTANA AG, Addivant, Cytec Solvay Group, BASF SE, E.I. Du Pont De Nemours & Company and AkzoNobel.
Hexa Research has segmented the global packaging additive market based on type, product, application and
region:
Segmentation by type, 2014 - 2024 (Tons) (USD Million)
• Antimicrobial agents
• Antifog agents
• Antistatic agents
• Clarifying agent
• Oxygen Scavengers
• UV stabilizers
• Others
Segmentation by product, 2014 - 2024 (Tons) (USD Million)
• Rigid
• Flexible
• Others
Segmentation by application, 2014 - 2024 (Tons) (USD Million)
• Food
• Beverages
• Pharmaceutical & Healthcare
• Cosmetics & Personal care
Segmentation by region, 2014 - 2024 (Tons) (USD Million)
• North America
• U.S.
• Europe
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