The Increasing problems of blocking for laminated products is anticipated to boost the APAC Antiblock Additive market during the forecast period 2019-2025. Apac Antiblock Additives Market is Forecast to Reach $453.8 Million By 2025, After Growing At A CAGR Of 4% During 2020-2025
With the increasing problems of blocking specially in polyethylene, polypropylene films and other laminated products, the Antiblock additives market is witnessing an increase in demand. Whereas the COVID -19 pandemic is expected to create hurdles for the Antiblock additives market during the forecast period.
LDPE/LLDPE segment has been the primary market for Antiblock additives. LDPE is low-density polyethylene or Linear Low-Density Polyethylene (LLDPE). It is a thermoplastic used in packaging, non-packaging and other applications. There is a huge requirement of LLDPE for packaging of fruits such as apple, oranges, lemons and others to maintain their freshness. People are preferring this sort of fresh foods to maintain their hygiene. The demand for LLDPE has also increased owing to its use in packing of processed foods. The antiblock adhesives are used in LLDPE manufacturing to prevent them sticking from each other. These factors are driving the market growth for APAC antiblock additive market.
APAC has dominated the global antiblock additives market. In Asian Countries the incomes are continuing to rise along with growth in urbanization, increase in life expectancy and consumer demands are rapidly evolving. These factors are driving the growth of food, beverage, nutraceutical and functional food sales. The requirement of LDPE/LLDPE have increased due to these growth factors which are boosting the growth of antiblock additive used in the manufacturing of LLDPE and LDPE. Asia is tipped to be one of the largest regions for plant-based food consumption along with extensive product innovation. These factors have poised the growth of antiblock additive owing to the use in LDPE/LLDPE applications.
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APAC Antiblock Additive Market Growth Drivers:
Advancements in antiblock additives and packaging technology.
The plastic industry is growing rapidly due to its use in a broad range of industries. The increasing consumer awareness to develop new age and environmentally friendly products have led to the undertaking of new technologies in the packaging industry. The use of nanocomposites as packaging fillers, non-thermal processing and light protective packaging, modified atmosphere packaging (MAP), active packaging technologies such as oxygen scavengers, moisture absorbers, ethanol emitters, flavour releasing/absorbing systems, time-temperature indicators, and multi-layer films are some of the latest technologies adopted in the packaging industry.
Increasing need for packaging in food and pharmaceutical industries.
Packaging is one of the important applications of anti-block additive. It is used in various end-use industries such as food and pharmaceuticals. The food packaging segment is the primary segment in the market, owing to the quickening pace of life and changing eating habits. Increasing government initiatives in the emerging pharmaceutical, F&B market, an increase in contract manufacturing activities is creating demand for packaging in these industries. In addition, Pharmaceutical companies have traditionally focused more on product development for competitive advantage compared to packaging which is viewed in a more functional role. However, rising competition has resulted in companies increasingly considering packaging as a key marketing tool.
The Major Players in this Market Include:
Major players in the APAC Antiblock Additive Market are BYK Additives & Instruments, Croda International PLC, Elementis PLC, Evonik Industries AG, Fine Organics, Honeywell International Inc., Imerys SA, J.M. Huber Corporation, among others. In August 2020, Croda International Plc (‘Croda’) confirms that, following approval from the US regulatory authorities, it has now successfully completed the acquisition of Avanti Polar Lipids, Inc., a leader in drug delivery systems for next generation pharmaceuticals.
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods such as cometic products and other laminated products. One of the major difficulties, market is facing are the shutdown of all kinds of International transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production, and exports had slowdown the market for APAC Antiblock additive market.
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