The consumption of packaged and ready-to-eat food is currently the hottest trend in the food and beverage industry. The increasing demand for packaged food has also curated subsequent demands for the raw materials used for packaging. Antiblock additives are used to tackle a generic problem faced by the manufacturers of coatings and films. These additives create small bumps at the edge of the packing which increases the distance between two layers, thereby, containing the blocking. The bolstered demands for good quality packaging products are generating gamut of opportunities in the global antiblock additives market which already held the market size of $970 million in 2018. The market reflects the potential to grow at a positive CAGR of 6% during the forecast period 2019 to 2025.
Geographical
Distribution in the Global Antiblock Additive Market
The highest demands for antiblock additive
are witnessed from the APAC region which acquired 48% of the global antiblock additive
market. The increasing agricultural output and robust demand in the food and
beverage industry is escalating the prevalence of antiblock additive market. Moreover,
incrementing packaging requirements in the consumer electronics sector from
countries such as India, Japan, and China are burgeoning the APAC antiblock
additive market volume. Other than the APAC region, the demands for antiblock
additive are also increasing in the North American region owing to the uptick
in demands for packaged and processed food.
Application
Analysis in the Global Antiblock Additive Market
The food and beverage end-user segment
is the major application of the antiblock additive market and the sector is
witnessing growth at a CAGR of 5.6% during the forecast period. The food and
beverage industry requires a considerate amount of plastics such as polyethylene
films and polyethylene terephthalate (PET) for packaging purposes. Application
of antiblock additives is necessary for a certain range of food products to
prevent them from the outside environment. Some of the most prevalent antiblock
additives in the market are oxygen scavengers, diatomaceous earth, and ethylene
bisstearamide. Other than the food and beverage industry, the consumer
electronics segment is also paving opportunities in the global antiblock
additives market.
Antilock
Additive Market Competitive Landscape
The companies influencing the antilock
additive market are Croda
International PLC, Evonik Industries AG, Imerys SA, J.M. Huber Corporation,
W.R. Grace & Company, Elementis PLC, Honeywell International Inc., BYK
Additives & Instruments, Fine Organics, and Specialty Minerals Inc.
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