Rapid Increase in End-use Adoption to Boost Packaging Additives Market Revenue Growth-Persistence Market Research

 Significant growth in global market of packaging additives can also be attributed to the contributions of North America and its developed nations such as the U.S. and Canada. North America is estimated to account for more than 21.9% of the revenue of global packaging additives market in 2018. In addition, the U.S. packaging additives market has witnessed substantial growth in the past few years which is likely to remain at the forefront, leading the overall market growth during the forecast period.

To remain ‘ahead’ of your competitors, request for a sample here@https://www.persistencemarketresearch.com/samples/27595

Widening Application Scope of Packaging Additives across Industries to Support Market Growth

With increasing demand of packaged food items, packaging additives have gained enormous demand from the food industry. Apart from this sector, beverage sector is likely to complement the growth of global packaging additives market. Further, pharmaceutical and healthcare industries are expected to be important contributors to the global expansion of packaging additives market during the forecast period.

While food & beverage industry continues to dominate the global market of packaging additives, accounting for more than 70% of the market revenue in 2018, cosmetic & personal care industry is anticipated to witness a high growth over the forecast period. Moreover, increasing use of personal care products over the years has been largely influencing the global demand for packaging additives.

Development of Bioplastics for Packaging Additives to Fuel Demand

Based on substrate, plastic is expected to subjugate the global packaging additive market in terms of volume. However, stringent government regulations over plastic usage below 50 micron has been considered as a restraining factor of the market growth. A focus on the development of biodegradable plastics that not only enhance the ability of plastic product to decompose easily but also reduce the carbon footprint remains one of the important strategies of manufacturers of packaging additives.

For critical insights on the keyword market, request for methodology here @https://www.persistencemarketresearch.com/methodology/27595

Global Packaging Additives Market – Competitive Landscape

Leading manufactures of packaging additives are focusing on improving their production capacity as well as establishing new production plants. Various developing regions of Asia Pacific and Middle East have attracted the key market players to construct the new production units of packaging additives, giving a boost to their motive to have a worldwide presence. Important strategies also include product innovations, new launches, collaborations, and acquisitions.

Some key players operating in the global packaging additives market are BASF SE, ColorMatrix Group, Wacker Chemie AG, Valspar Corporation, Flint Group, PPG Industries Inc, Henkel, ALTANA Group, Evonik, Sun Chemical Corporation, Lubrizol Corporation, Huber Group, Arkema Inc, Songwon Industrial Co. Ltd, AkzoNobel N.V., Cytec Solvay Group, ADEKA Corporation, Clariant, and Addivant.

For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/27595

About us:

Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

Comments

Post a Comment

Popular posts from this blog

A CAGR Of 15% Expected To Be Registered Between 2031 For Disinfection Robot Market

  According to a revised report published by Persistence Market Research, the global   disinfection robots market  valued at   US$ 1 Bn   in 2020, and is predicted to surge at a   CAGR of more than 15%   during the forecast period (2021–2031). Impact of the COVID-19 pandemic due to the spread of SARS-CoV-2 has tested the obtainability of traditional disinfectants, which has led to a spike in demand for disinfection robots from institutions and companies. These robots are deployed progressively as an artless solution for the instantaneous decontamination of all surfaces of common areas and rooms, and, as such, they seem an attractive alternative for reducing dependency on cleaning services. Presently, disinfection robots are not an alternative to hospital cleaning services, but can be a complementary solution. Get Sample Copy of this Report @  https://www.persistencemarketresearch.com/samples/22822 Various companies received FDA & CE approval for their products to fight the COVID-19
Read more

Servo Motors Drives Market: Future Forecast Indicates Impressive Growth Rate 2019 – 2029

Image
  The global servo motors and drives market was valued at  ~ US$ 9 Bn in 2014,  and is expected to surpass  US$ 12 Bn  by the end of  2019 . The servo motors and drives market is expected to grow at a  CAGR of ~ 8% between 2019 and 2029 , and is estimated to reach a global value of  ~ US$ 28 Bn  by the end of  2029. Persistence Market Research released a new market study on the servo motors and drives market, which includes the global industry analysis  2014–2018  and forecast  2019–2029 . The report studies the global servo motors and drives market and offers an in-depth analysis for the next ten years. The report on the global servo motors and drives market contains vital macroeconomic and forecast factors that are estimated to drive the growth of the global servo motors and drives market. The report on the servo motors and drives market also discusses restraints that are expected to hamper the global market, along with potential opportunities and latest trends in the market across t
Read more

Increased Adoption of Virtual Desktop Infrastructure Market across End-Use Industries to Fuel Revenue Growth During the Forecast Period by 2030-Persistence Market Research

  As per findings of a new market research report by Persistence Market Research, the global   virtual desktop infrastructure market   reached a valuation of nearly   US$ 3.5   Bn in   2019 , and is anticipated to exhibit a CAGR of around   12%   during the forecast period of   2020  to   2030 . The adoption of BYOD allows employees to bring their own devices in the organization, which allows then to access company information and applications via virtual desktop infrastructure. With such a BYOD policy, both, employers and employees can avail benefits such as reliable data backup, cost savings, expanded mobility, increased productivity, and job satisfaction. Virtual desktop infrastructure helps secure the employee devices, as it supports a highly secure infrastructure. This system is like screen-scraping technology used with mainframe computers, where no actual data is delivered to the device, and all data remains in the data center. If the employee device is lost, misplaced, or stolen
Read more