Market Analysis Report Packaging Additive Market | Page 2

Your Catalyst to a Lucrative Business Browse Details of Report @ 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 • Germany • UK • Asia Pacific Follow Us: