The plastic packaging stabilizer market was valued at USD 1149.50 million in 2021 and is expected to reach USD 1634.70 million by 2029, registering a CAGR of 4.50 % during the forecast period of 2022 to 2029.
Plastic Packaging Stabilizer Market Dynamics
Drivers
Rise the demand in food industry
Plastic Packaging stabilizers are mainly used for the packaging of food items because the food items are required to survive extreme conditions such as light, heat, and humidity without any appearance changes during the product's service life.
Increase the demand in agricultural sector
Plastic stabilizers are also extensively used in agricultural packaging. Agricultural films and plastics are designed to impart properties such as extreme temperatures protection against UV radiation and chemicals required for crop protection as they are used mulches in greenhouses, tunnels, and irrigation systems.
Growing the demand in several industries
The consumption of plastic packaging stabilizers increases due to the growth in consumer goods, electronics, and the healthcare industry. Hence, with the rising demand from various major end-user industries, the plastic packaging stabilizer consumption is expected to witness a rapid growth during the forecast period.
Opportunities
Changing lifestyle of people associated with the rapid urbanization has triggered the demand for the product. This, in turn, is anticipated to drive the growth of the global plastic packaging stabilizers market. Increasing consumer awareness about the adverse impacts of unpacked food products and food contamination on health is an important driver of the global plastic packaging stabilizer market.
Restraints/ Challenges
The major factor identified is an increasing environmental concern, which is limiting the production of plastics based packaging stabilizer and inviting stringent regulatory measures. The lead-based are inviting severe regulation in order to phase out the use of this harmful chemical which are the major market restrains that will hinder the market's growth rate. However, ongoing research in green chemistry and growing reusability of the plastic material would help find the way through this bottleneck in the upcoming years.
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Market Analysis and Size
In this era wherein each and every section of society, corner of the globe and lives. These are influenced by innovations and emerging technologies which fulfil the needs of the healthy lifestyle will be excellent. The harsh truth is that the technology is an ambiguous sword. For example, the packaging industry, which started its journey with simple polymers such as Polypropylene (PP), Polyethylene (PE), and Polyvinylchloride (PVC), among others. Primarily, the negative impacts on the surrounding ecosystem were unknown to the society. This necessitated the invention in polymeric materials, which ultimately lead to the expansion of polymers, engineered plastics, composites and many bio-based (paper) products to fulfil the demand of the global packaging industry. Meanwhile, the advanced technology innovates plastic additives as the results.
Global Plastic Packaging Stabilizer Market Scope
The plastic packaging stabilizer market is segmented on the basis of type and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Antioxidant
Light Stabilizer
Heat Stabilizer
End-user
Food and Beverages
Agriculture
Automotive
Consumer Goods
Healthcare
Others
Competitive Landscape and Plastic Packaging Stabilizer Market Share Analysis
The plastic packaging stabilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plastic packaging stabilizer market.
Some of the major players operating in the plastic packaging stabilizer market are:
Amcor plc (Switzerland)
Honeywell International Inc (US)
Preimpact (US)
Mondi (UK)
Berry Global Inc (US)
Tetra Pak Group (Switzerland)
Sonoco Products Company (US)
Sealed Air (US)
Reynolds Consumer Products (US)
Coveris (UK)
ALPLA (Austria)
Zhuhai Zhongdu Enterprise Co. Limited (China)
Huhtamaki (Finland)
WINPAK LTD (Canada)
DS Smith (UK)
PROLAMINA PACKAGING (US)
BALL CORPORATION (US)
BASF SE (Germany)
SONGWON (South Korea)
SK Capital Partners (US)
Clariant (Switzerland)
Evonik Industries AG (Germany)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: Market Analysis & size
Ø Chapter Four: Market Scope
Ø Chapter five: Market Share Analysis
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