Global Anti Corrosive Packaging Market – Industry Trends and Forecast to 2029

Global Anti Corrosive Packaging Market, By Material (P.E. (Polyethylene), PVC (Polyvinyl Chloride), Polyurethane, Epoxy, Zinc, Acrylic, Chlorinated Rubber, Alkyd, Others), Product (Bags, Foils, Others), Technology (Waterborne, Solvent-Borne, Powder Coating), Application (Power Generation, Marine, Infrastructure, Gas and Oil, Transportation and Automotive, Industrial, Electrical and Electronics, Consumer Goods, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Anti-corrosive packaging is an upcoming trend which is especially for the manufacturing sector. This growing demand of Anti Corrosivepackaging has led to the serious competition among the packaging companies as they are coming up with latest developments in the market. Anti corrosive packaging is quickly becoming a significant trend in the marketplace, providing its customers with cost-effective and innovative packaging solutions. Anti corrosive packaging market report analyses the growth of the market which is currently rising due to the growing demand for the packaging products in the rust prevention.

Data Bridge Market Research analyses that the anti corrosive packaging market was valued at USD 1,265.00 million in 2021 and is expected to reach USD 1883.27 mllion by 2029, registering a CAGR of 5.10% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, 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

Market Definition

When goods are transported overall the world, they often pass through several different temperatures. This difference in temperature causes condensation to form inside the packaging. At sea, things can be spoiled by the sea air and highly corrosive salinity of the water. 
To prevent corrosion during storage and transit have designed anticorrosive packaging. Anti Corrosivepackaging is designed to address many challenges which has encountered in long term prevention of metal products due to this it will remain corrosion free. There are different type of packaging formats which are surrounded with VCI packaging to protect from the rust which include neetings, paper, films, etc. Anti corrosive packaging protects the product from the environment and prolong the product's shelf life by providing the optimum protection.

Anti Corrosive Packaging Market Dynamics

Drivers

• Growth in marine and construction industries

Upsurge in the construction and marine sectors are mainly participating in the development of global Anti Corrosivepackaging market globally. Also, the growth in the maintenance activities and ship repair globally are fuelling the demand of Anti Corrosivepackaging which are expected to drive the growth rate of the anticorrosive packaging market.

• Increasing logistics and shipping activities

Growth in shipping and logistics activities of metal products is creating demand for advanced anti-corrosion packaging because transportation of good in shipping containers are exposed to extreme salinity, humidity and temperature conditions. The only way to control oxidation is by insulating the products from this destructive environment by using anti corrosive packaging which increase the demand of Anti Corrosive packaging in the market.

• Rising demand for VCI anti-rust packaging

VCI anti-rust packaging assurances to optimal protection against corrosion for metallic products. These products are treated with anti-corrosion molecules which offer protection for non-ferrous and ferrous items. The anti-rust properties are active for one year. It is only recommended for those applications where the temperature differences between packing and fabrication, and transportation moment, are high.

Opportunities

• Rising demand in various sectors

The prevalence of material that offers effective protection against long lasting, corrosion and others, increasing uses from several industries for example, oil and gas, automotive, power generation and others, rising number of construction activities overall the globe, are some major factors which will expected to increase the growth rate of the Anti Corrosivepackaging market in the upcoming period.

• Increasing demand for eco- friendly materials.

The adoption of high quality raw material along with increasing number of research and development activities, increasing number of advanced technology for producing eco-friendly are also some reasons which will further bring numerous beneficial opportunities for the growth of the Anti Corrosivepackaging market during forecast period.

Restraints/ Challenges

• Volatility in the price of raw materials

The  fluctuation in costs of raw material for the manufacturing of Anti Corrosivepackaging are the major factor which is acting as market restraints for the growth of the Anti Corrosivepackaging during forecast period.

• Direct contact with sunlight

Anti corrosive packaging often become ineffective when they come in contact with the sunlight. The increasing temperature can also decompose the vapour which present in these packaging. The direct contact with sunlight is also the reason which may obstruct the sales of Anti Corrosivepackaging in the forecast period.

This anti corrosive packaging 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 anti corrosive packaging 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 Anti Corrosive Packaging Market

The outbreak of COVID-19 pandemic has shut down and limited the supply chains of various products, it has also affected the anti corrosive packaging market globally. This coronavirus has hampered the growth of the anti corrosive packaging market in the last few months. COVID-19 has already affected the revenue growth of the anti corrosive packaging which is expected hinder the market growth rate. The major demand for anti corrosive packaging was previously noticed from developing manufacturing economies which are also affected by the coronavirus and declining the demand of anti corrosive packaging.

Global Anti corrosive Packaging Market Scope

The anti corrosive packaging market is segmented on the basis of material, products, technology and application. 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.

Material

• PE (Polyethylene)
• PVC (Polyvinyl Chloride)
• Polyurethane
• Epoxy
• Zinc
• Acrylic
• Chlorinated Rubber
• Alkyd
• Others

Product

• Bags
• Foils
• Others

 Technology

• Waterborne
• Solvent-Borne
• Powder Coating

Application

• Power Generation
• Marine
• Infrastructure
• Gas and Oil
• Transportation and Automotive
• Industrial
• Electrical and Electronics
• Consumer Goods
• Others

Anti Corrosive Packaging Market Regional Analysis/Insights

The anti corrosive packaging market is analysed and market size insights and trends are provided by country, material, products, technology and application as referenced above.

The countries covered in the anti corrosive packaging 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.

Europe dominates the anti corrosive packaging market in terms of market share during the forecast period. This is due to the increasing demand for Anti Corrosivepackaging in this region. Europe region dominates the Anti Corrosivepackaging market due to the growth of the several industries such as food and beverages, automotive, building and construction, and others in this region.

During the projected period, North America is expected to be the fastest developing region because of growing large number of initiatives by the government for the adoption of advanced packaging material 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 Anti Corrosive Packaging Market Share Analysis

The anti corrosive packaging 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 anti corrosive packaging market.

Some of the major players operating in the anti corrosive packaging market are:

• Jotun (Norway)
• Aicello Corporation (Japan)
• Kansai Paint Co.,Ltd.(Japan)
• Ningbo ideal anticorrosion material co. Ltd.(China)
• Nitto Denko Corporation (Japan)
• Axalta (U.S.)
• BRANOpac. (India)
• Hempel A/S (Denmark)
• SAFEPACK (India)
• Jining Xunda Pipe Coating Materials Co, Ltd (China)
• NTIC (U.S.)
• Nefab Group (Sweden)
• Henkel (Germany)
• CORTEC Corporation (U.S.)
• Daubert Cromwell, Inc. (U.S.)
• Smurfit Kappa (Ireland)
• Gulmohar Pack-Tech India Pvt. Ltd. (India)
• Metpro Group (U.K.)
• AGM Container Controls, Inc. (U.S.)
• Sealed Air (U.S.)