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Packaging Additive Market poised to Show Decent Growth Worldwide by 2024

The global packaging additive market is anticipated to reach USD 1.01 billion by 2024. The increasing demand for the use of additives such as antimicrobial agents, antifog agents, and oxygen scavengers as a result of protecting the packed product

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Packaging Additive Market poised to Show Decent Growth Worldwide by 2024

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  1. Your Catalyst to a Lucrative Business Packaging Additive Market Share, Size,Growth, Key Players, Outlook and Forecasts to 2024 | Hexa Research “The global packaging additive market is anticipated to reach USD 1.01 billion by 2024.” 24 October 2018 The global packaging additive market is anticipated to reach USD 1.01 billion by 2024. The increasing demand for the use of additives such as antimicrobial agents, antifog agents, and oxygen scavengers as a result of protecting the packed product such as food, beverages, and pharmaceutical from the external environment is expected to boost the market over the forecast period. In 2016, Asia Pacific contributed to 28.1% of the overall market in terms of revenue. The market is expected to grow substantially on account of the increasing demand for packed foods and beverages. Moreover, the growth of the pharmaceutical manufacturing sector in the region is expected to augment the growth of the market. The demand for packaging additives is expected to witness a significant growth on account of the technological development and lower-cost solutions. Moreover, major manufacturing companies are investing heavily in R&D to introduce innovative products and expanding their presence in the global market by increasing their production capacity to meet the required demand. Follow Us:

  2. Your Catalyst to a Lucrative Business UV stabilizers were valued at USD 97.8 million in 2016 and are expected to grow on account of its utilization for protecting the packaged material from the external environment such as infrared radiation and ultraviolet radiation from sunlight. Increasing demand for barrier protection solutions is expected to drive growth. Browse Details of Report @ https://www.hexaresearch.com/research-report/packaging-additives-market Food packaging dominated the global market in 2016 and projected to grow at a CAGR of 4.4% over the projected period. Additives play a major role in protecting the packed item. In addition, they help in reducing the formation of moisture on the surface which allows a consumer to view the product clearly. Aesthetics play a major role in driving the growth of the market in the application sector. The pharmaceutical & healthcare segment is anticipated to be the fastest growing application over the forecast period. These additives provide the necessary chemical and physical stability to the packaged product by protecting it from the external environment such as light, oxygen, microorganism and moisture. The increasing demand for these additives due to regulatory pressures and enhanced patient care anticipated to boost the market over the forecast period. The segment is estimated to be worth USD 212.6 million by 2024. The key players in the global market are Clariant, Adeka Corporation, Amcor, Songwon Industrial Co. Ltd, ALTANA AG, Addivant, Cytec Solvay Group, BASF SE, E.I. Du Pont De Nemours & Company and AkzoNobel. Hexa Research has segmented the global packaging additive market based on type, product, application and region: Segmentation by type, 2014 - 2024 (Tons) (USD Million) • Antimicrobial agents • Antifog agents • Antistatic agents • Clarifying agent • Oxygen Scavengers • UV stabilizers • Others Segmentation by product, 2014 - 2024 (Tons) (USD Million) • Rigid • Flexible • Others Segmentation by application, 2014 - 2024 (Tons) (USD Million) • Food • Beverages • Pharmaceutical & Healthcare • Cosmetics & Personal care Segmentation by region, 2014 - 2024 (Tons) (USD Million) • North America • U.S. Follow Us:

  3. Your Catalyst to a Lucrative Business • Europe • Germany • UK • Asia Pacific • China • India • Latin America • Middle East & Africa Key players analyzed • Clariant • Adeka Corporation • Amcor • Songwon Industrial Co. Ltd • ALTANA AG • Addivant • Cytec Solvay Group • BASF SE • E.I. Du Pont De Nemours and Company • AkzoNobel Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced- materials-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - https://www.hexaresearch.com Follow Us:

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