Global Packaging Impact Modifiers Market, By Type (Acrylonitrile Butadiene Styrene, Acrylic Impact Modifiers, Acrylonitrile Styrene Acrylate, Methacrylate-Butadiene-Styrene, Ethylene Propylene Diene Monomer, Chlorinated Polyethylene, Others), Plastic Type (Polyvinyl Chloride, Nylon, Polybutylene Terephthalate, Engineering Plastics, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Impact modifiers are used in packaging to upsurge the durability of extruded and molded plastics materials, especially for those with impact cold weather and strength. They are important supplements added for increasing elasticity to overcome the rigidity of materials which is beneficial for packaging. Other characteristics of this packaging impact modifier such as weatherability, optical and tensile properties, processability, heat distortion, flammability, and cost. The development and growth of packaging due to impact modifiers is projected to drive the growth of the packaging impact modifiers market.
Data Bridge Market Research analyses that the packaging impact modifiers market was valued at USD 1272.00 million in 2021 and is expected to reach USD 2027.37 million by 2029, registering a CAGR of 6.00 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Acrylonitrile Butadiene Styrene, Acrylic Impact Modifiers, Acrylonitrile Styrene Acrylate, Methacrylate-Butadiene-Styrene, Ethylene Propylene Diene Monomer, Chlorinated Polyethylene, Others), Plastic Type (Polyvinyl Chloride, Nylon, Polybutylene Terephthalate, Engineering Plastics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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The Packaging Co. Ltd (UK), Barton Jones Packaging (UK), Automated Packaging System, LLC (UK), iVEX Packaging (US), Friends Provident International Limited (US), Packaging Corporation of America (US), Universal Protective Packaging Inc, (US), ACH Foam Technologies LLC (US), Macfarlane Group PLc (UK), Tarheel Paper & Supply Company (US), Amcor plc (Switzerland), Sealed Air (US), Berry Global, Inc. (US), Mondi (UK), Sonoco Products Company (US), Winpak Ltd.(Canada), Constantia Flexibles (Austria)
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Market Opportunities
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Market Definition
A packaging impact modifier is a flexible packaging product that customers use to store easily and transport products. Impact modifier is extensively used in packaging because it delivers an ideal balance among crease-whitening clarity and resistance for packaging applications. Rapid augmentation in the use of plastic packaging in different end-use enterprises is anticipated to drive the demand for impact modifier.
Packaging Impact Modifiers Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increase the demand in pharmaceutical and food packaging
Growing demand for food and beverages and pharmaceutical is boosting the growth of the packaging impact modifier industry because the impact modifier has some unique physical properties such as, toughness, flexibility and durability which helps to safe the product from surrounding.
- Increase in demand for plastics
Plastics have many applications in several industries but the demand of plastic in packaging is very high. For the better durability and toughness, Impact modifiers are added to plastic compounded materials which increase the strength of plastic. The increase in consumption of plastic has increased the usage of impact modifiers in the packaging of products for several industries, which maintain the product's quality and increase the product's shelf life.
- Increase the demand in PVC
Rising demand for PVC in packaging is a significant factor driving impact modifiers market growth. Pure PVS is restricted due to its low impact resistance; thus, it is important to use impact modifiers in packaging to increase durability, toughness, and weather resistance properties of PVC. Impact modifiers normally find application in rigid PVC products processing to packaging film.
Opportunities
The increasing concern for the environment is driving the market for bio-plastic packaging. Bio-plastics are the material which is made up of biodegradable material. These plastics are resultant of bio-degradable sources and renewable biomass sources or such as PLA. The major players in the packaging impact modifiers market are concentrating on carrying out R&D activities to develop the packaging that can be used in different sectors for different applications. With the augmented demand for bio-based polymers, there is a constraint for emerging new and improved packaging impact modifiers. This, in turn, is anticipated to lead to advancements in the field of packaging impact modifiers.
Restraints/ Challenge
Ecological damage has always been a main challenge in the packaging impact modifiers market. The growing demand for eco-friendly products is limiting the growth of the packaging impact modifier market because the Polyvinyl chloride which is highly pervasive plastic particles is used in the packaging release harmful chemicals. These chemicals go into the surrounding soil and then drain into groundwater which also causes environmental damage. Thus, the increasing environmental damage about the usage of PVC products in packaging impact modifiers can hinder the growth of the market.
This packaging impact modifiers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the packaging impact modifiers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Packaging Impact Modifiers Market
The COVID-19 epidemic has an adverse impact on the global industries and affected the supply chain and price of raw material and labor charges, which are the important cost components of construction projects. The coronavirus has positively impacted the growth of the global packaging impact modifier market due to increases demand in the market during the pandemic; however, there has been a slight disruption. The major limitation for this manufacturing industry was the lockdown, as the staffs were asked to stay at home during the epidemic. Due to this lockdown, several packaging units were closed, or the manufacture of packaging products had declined.
Packaging Impact Modifiers Market Scope
The packaging impact modifiers market is segmented on the basis of type and plastic type. The growth amongst these segments will help you analyze 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
- Acrylonitrile Butadiene Styrene
- Acrylic Impact Modifiers
- Acrylonitrile Styrene Acrylate
- Methacrylate-Butadiene-Styrene
- Ethylene Propylene Diene Monomer
- Chlorinated Polyethylene
- Others
Plastic Type
- Polyvinyl Chloride
- Nylon
- Polybutylene Terephthalate
- Engineering Plastics
- Others
Packaging Impact Modifiers Market Regional Analysis/Insights
The packaging impact modifiers market is analysed and market size insights and trends are provided by country, type and plastic type as referenced above.
The countries covered in the packaging impact modifiers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the packaging impact modifiers market in terms of revenue and market share during the forecast period. This is due to the growing demand for packaging impact modifiers in this region. The Asia-Pacific region dominates the packaging impact modifiers market due to rapid industrialisation and urbanization, rising disposable income and accessibility of cheap labour in this region.
During the projected period, North America is expected to be the fastest developing region due to the increasing demand of packaging impact modifiers in food and beverages and pharmaceutical sector in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Packaging Impact Modifiers Market Share Analysis
The packaging impact modifiers 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 packaging impact modifiers market.
Some of the major players operating in the packaging impact modifiers market are:
- The Packaging Co. Ltd (UK)
- Barton Jones Packaging (UK)
- Automated Packaging System, LLC (UK)
- iVEX Packaging (US)
- Friends Provident International Limited (US)
- Packaging Corporation of America (US)
- Universal Protective Packaging Inc, (US)
- ACH Foam Technologies LLC (US)
- Macfarlane Group PLc (UK)
- Tarheel Paper & Supply Company (US)
- Amcor plc (Switzerland)
- Sealed Air (US)
- Berry Global, Inc. (US)
- Mondi (UK)
- Sonoco Products Company (US)
- Winpak Ltd. (Canada)
- Constantia Flexibles (Austria)
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