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Packaging Additives Market Share

Report ID: GMI8241
Published Date: Feb 2024
Report Format: PDF

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Packaging Additives Market Share

Global Packaging Additives Company Market, (2023)

The competitive landscape of the packaging additives industry is characterized by the presence of prominent global players, each contributing to the industry's growth and innovation. Altana AG stands out as a key player, known for its diverse portfolio of specialty chemicals, including additives catering to the packaging sector. Arkema, a leading chemical company, offers a range of solutions in packaging additives, leveraging its expertise in polymer science. Avient, a notable player, specializes in providing a wide array of additives, masterbatches, and specialty compounds for the packaging industry.

BASF SE, a global chemical giant, has a significant presence in the packaging additives market, delivering solutions that address various packaging challenges. Clariant, renowned for its specialty chemicals, contributes innovative additives that enhance the performance and sustainability of packaging materials. Flint Group, recognized for its printing and packaging solutions, plays a pivotal role in the development of additives for the packaging sector. Henkel, a well-established brand, provides adhesive technologies and additives that cater to packaging applications.

Other notable players include Huber Group, Lubrizol Corporation, PPG Industries, Songwon, and Sun Chemical Corporation, each contributing expertise in specific areas of the packaging additives industry. This competitive landscape reflects a mix of companies with diverse capabilities, emphasizing research and development to meet the evolving demands of the industry. As consumer preferences and regulatory landscapes shift, these key players are poised to play a crucial role in shaping the future trajectory of the market.

Packaging Additives Market Companies

Major companies operating in the packaging additives industry include:

Altana AG
Arkema
Avient
BASF SE
Clariant
Flint Group
Henkel
Huber Group
Lubrizol Corporation
PPG Industries
Songwon
Sun Chemical Corporation

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of packaging additives reached USD 574 million in 2023 and is set to witness 4.4% CAGR from 2024 to 2032, owing to their role in addressing challenges faced by packaging manufacturers, including barrier protection and shelf-life extension.

The plastic packaging material segment accounted for 49% of the market share in 2023, due to its versatility, lightweight nature, and adaptability to various forms.

North America market generated a revenue of USD 197 million in 2023, led by the presence of a well-established packaging sector, a growing focus on sustainability, and technological advancements.

Altana AG, Arkema, Avient, BASF SE, Clariant, Flint Group, Henkel, Huber Group, Lubrizol Corporation, PPG Industries are some of the major industry contenders.