Global Plastic Packaging Stabilizer Market – Industry Trends and Forecast to 2030

Plastic Packaging Stabilizer Market Analysis and Size

Considering the packaging industry as an example, which started out using simple polymers like polypropylene (PP), polyethylene (PE), and polyvinyl chloride (PVC), among others. The damaging effects on the neighbourhood ecosystem went largely unnoticed by society. This required the creation of polymeric materials to meet the demands of the global packaging industry, which ultimately led to the growth of polymers, engineered plastics, composites, and a variety of bio-based (paper) products. Innovative plastic additives are created in the interim using cutting-edge technology. They alter the properties of the plastic or polymer to supply a variety of end users, from packaging and consumer goods to the agriculture industry.

Data Bridge Market Research analyses that the plastic packaging stabilizer market valued at USD 1204.68 million in 2022, will reach USD 1752.91 million by 2030, growing at a CAGR of 4.8% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.         

Plastic Packaging Stabilizer Market Scope and Segmentation  

Market Definition

Chemicals known as plastic stabilizers are used to increase the properties of plastic. These characteristics include resistance to oxidation, chain scission at high temperatures, and protection from high temperatures and harmful UV rays. These characteristics aid in improving the plastic's weather resistance for the substrate, which preserves the substance's viscosity and aids in processing and fabrication. These characteristics of the plastic stabilizer give the packaging strength and enable it to endure inhospitable conditions such as light, heat, and humidity without losing its aesthetic appeal throughout the product's service life.

Global Plastic Packaging Stabilizer Market Dynamics

Drivers

• A rise in the food industry surges the demand in the market

Stabilizers for plastic packaging are typically used for food items because they must withstand harsh environmental conditions such as light, heat, and humidity without losing their visual appeal throughout the product's useful life. The manufacturers add the appropriate stabilizers, such as processing aids, antioxidants, heat stabilizers, UV and light stabilizers, and others, to achieve this. Additionally, their demand is rising globally because packaged goods such as food and bottles can survive in harsh conditions such as heat, humidity, and light. This is also because the presence of various stabilizers reduces the premature failure of the products during their lifetime. Thus, these are anticipated to fuel the market for plastic packaging stabilizers.

• Increase the demand in the agricultural sector

Agricultural packaging makes extensive use of plastic stabilizers. Agricultural films and plastics are used as mulch in greenhouses, tunnels, and irrigation systems and are designed to impart qualities such as resistance to extreme temperatures, protection against UV radiation, and chemicals needed for crop protection. With the development of technology, plastic stabilizers are a significant segment in the agricultural industry and offer services for agricultural packaging specifically made to shield crops from environmental factors such as temperature, chemicals, and heat.

Opportunities

• Cost-effectiveness and growing awareness has created an opportunity to grow in the market

Growing consumer awareness of the detrimental effects of unpackaged food products and food contamination on health is significantly impacting the global market for plastic packaging stabilizers. Customers prioritize healthier lifestyles over passive ones, which affects both the use of products packaged in attractive packaging and the consumption of nutritious packaged foods. Plastics are regarded as cost-effective due to their reusable nature. Used plastic is recycled and used in new formulations for various applications. Many plastic additives are significantly more expensive than their other substitute materials. Cost-effectiveness and growing awareness has created an opportunity to grow in the market

• Rising demand from numerous key end-user industries

Consequently, the consumption of plastic packaging stabilizers is the showcasing rise in demand from numerous key end-user industries. Plastics are highly effective and widely used in various applications, such as packaging electrical and electronic devices and automobiles. The need for thermal or heat stabilizers is growing because thermally prone plastic polymers lack UV resistance. Metal oxides and organometallics are the main components of plastic stabilizers. In addition, the fact that they are reusable, aid in energy conservation, and lower greenhouse gas emissions increase demand. The demand for plastic to replace traditional materials in the automotive industry and the massive consumption of plastics in daily life is expanding the market.

Restraints/Challenges

• Ban on plastic has restricted the expansion of the market

Stricter regulations regarding the use of lead in various plastic stabilizers are one of the factors limiting the growth of the global market for plastic stabilizers. Additionally, the market's growth is constrained by a proliferation of campaigns to outlaw plastic and tighten regulations on plastic packaging products. The government has outright banned plastic, and even all goods are now packaged in recyclable plastics to reduce the likelihood of a demand but further prevent the industry from expanding.

This global plastic packaging stabilizer 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 global plastic packaging stabilizer market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Plastic Packaging Stabilizer Market Scope

The global plastic packaging stabilizer market is segmented on the basis of type, plastic type, material and end user. 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

• Antioxidant
• Stabilizers
• Light Stabilizer
• Heat Stabilizer
• Plasticizers
• Flame Retardants
• Impact modifiers
• Other

Plastic Type

• Commodity
• Engineering
• High performance

Material

• Thermoplastic
• Thermosetting
• Elastomers

 End-user

• Food and Beverages
• Agriculture
• Automotive
• Consumer Goods
• Healthcare
• Construction and Building
• Packaging
• Consumer goods
• Electrical and Electronics
• Others

Plastic Packaging Stabilizer Market Regional Analysis/Insights

The global plastic packaging stabilizer market is analysed and market size insights and trends are provided by country, type, plastic type, material and end user as referenced above.

The countries covered in the global plastic packaging stabilizer market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

Asia-Pacific dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are the increasing demand for plastic packaging stabilizer in this region. The Asia-Pacific region dominates the plastic packaging stabilizer market due to the increasing retail, food and beverage industries in this region.

North America will undergo the highest growth rate during the forecast period owing to the increasing demand of plastic packaging stabilizer in retail sector in the U.S.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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 Global Plastic Packaging Stabilizer Market Share Analysis

The global 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 global plastic packaging stabilizer market are:

• Amcor plc (Australia)
• Honeywell International Inc. (U.S.)
• ProAmpac. (U.S.)
• Mondi (U.K.)
• Berry Global Inc. (U.S.)
• Tetra Pak Group (Switzerland)
• Sonoco (U.S.)
• Sealed Air (U.S.)
• Reynolds Consumer Products (U.S.)
• Coveris. (U.K.)
• ALPLA (Austria)
• Huhtamäki Oyj (Finland)
• WINPAK LTD. (Canada)
• DS Smith (U.K.)
• Ball Corporation (U.S.)
• BASF SE (Germany)
• SONGWON (South Korea)
• SK Capital Partners (U.S.)
• CLARIANT (Switzerland)
• Evonik Industries AG (Germany)

SKU-68646