Global Carbon Black for Packaging Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Carbon black is mainly used to produce conductive material due to some properties such as easy to manufacture, lightweight, and chemical resistant. Carbon blacks are used for the conductive or anti-static packaging boxes for plastic sheet and film, including food packaging, The carbon black is used in packaging because it protects from sunlight, stretch wrap, and thermoplastic moulding applications for automotive, electrical or  electronics containers and others. Carbon blacks provide conductivity, pigmentation and UV protection for a number of coating applications in packaging.

Data Bridge Market Research analyses that the carbon black for packaging market was valued at USD 190.00 million in 2021 and is expected to reach USD 241.62 million by 2029, registering a CAGR of 3.05 % 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

Carbon black is a common colouring agent used to produce dark colours in packaging. It gives an opaque dark colour at an attractive price level, which is widely used in masterbatches. In Plastic processors, black is an attractive colour because it can contain all recycled material. All colours can be used to make black material, but carbon Black packaging is very common due to variety of reasons such as less sensitive, premium appearance, and lower cost price for food trace so it is essential that manufacturer still produce dark coloured packaging by using carbon black without affecting the recyclability of the materials

Carbon Black for Packaging Market Dynamics

Drivers

• Growing demand in electronic sector

Carbon black packaging widely used for the packaging of electrical and electronics devices because it is conductive material which is light in weight, easy to manufacture, and chemical resistant.  The increase in carbon black packaging consumption in the electronic industry is expected to grow tremendously and derive the market growth rate during the forecast period.

• Rising demand in food industry

The safety of food is important factor for all the manufacturers. Carbon black is also used in food packaging for printing the product. Carbon black is used in the printing ink and the printing ink market has shown a high growth rate for printed products for convenience foods, specifically for flexible packaging. Printing is the major part of the food industry for mentioning all the detail of the product. The rising demand for printing in the food industry is expected to drive the demand for carbon black in packaging.

Opportunities

• Rising innovation and development

Product innovation and development will create new growth potential in the global carbon black packaging market. Packaging companies are spending more money on research and development of carbon black products to develop products which offer negligible good disperse-ability, water abortion and less impurities. Manufacturers of carbon black for packaging are also concentrating on manufacturing the conductive polymers to offer a different products to deal with large segment of customers in the value chain of the market globally.

Furthermore, the high investments for developing new carbon black products will foster numerous new opportunities which will accelerate the carbon black for packaging market in the upcoming period.

Restraints/ Challenges

• Technical incompatibilities

 The major challenges facing the global carbon black for packaging market are technical incompatibilities of small-scale companies which manufacture the conductive compounds. It involves resources and high technical capabilities to produce carbon black and polymer compounds. Also, chemical properties of carbon black tend to obstruct the mechanical characteristics of sensitive electronic components which, in turn, may contribute to the decreasing demand for carbon black for packaging applications.

Moreover, the growing popularity of carbon nanotube will also act as the major limitation for the growth of the carbon black for packaging market during forecast period.

This carbon black for 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 carbon black for 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 Carbon Black for Packaging Market

The carbon black for packaging market had a negative impact due to the COVID-19 outbreak. The global carbon black for packaging market suffered from financial setback due to disruption in supply chains and suspension of various manufacturing operations. The essential raw materials used in carbon black for packaging is crude oil, which saw a major price fluctuation during the pandemic .

However, the market participants must boost their businesses' productivity and efficiency if they want to continue consistent growth. Additionally, businesses involved in the carbon black market are concentrating on product improvements to increase their revenue in developing nations. This will aid market to have continued growth during and after the pandemic.

Recent Development

• In 2021, Birla Carbon, a global carbon black leader, launched a new sustainable carbonaceous material called “CONTINUA”. Continua products include carbon black packaging, which is part of the circular plastic economy and will reduce carbon emission and create a cleaner and more sustainable industry.

Global Carbon Black for Packaging Market Scope

The carbon black for packaging market is segmented on the basis of material type, product type 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.

Material Type

• Acrylonitrile Butadiene Styrene (ABS)
• Polyvinyl Chloride
• Polycarbonate
• Polyethylene
• Polyethylene
• Polyamide
• Styrene Acrylonitrile (SAN)
• Others

 Product Type

• Thermal Carbon Black
• Furnace Carbon Black

Application

• Bags
• Trays
• Clamshells
• Shrink Films
• Boxes and Containers
• Tapes and Labels
• Foams
• Totes/IBC
• Racks

Carbon Black for Packaging Market Regional Analysis/Insights

The carbon black for packaging market is analysed and market size insights and trends are provided by country, material type, product type and end-user as referenced above.

The countries covered in the carbon black for 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

Asia-Pacific dominates the carbon black for packaging market in terms of revenue and will continue during the forecast period. This is due to the increasing demand for carbon black for packaging in this region. The Asia-Pacific region leads the carbon black for packaging market, with China leading the way in terms of ever-increasing production and high consumption of electronics devices in this country.

During the expected period, North America is expected to be the fastest developing region due to high demand for ESD (electrostatic discharge)-protective packaging 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 Carbon Black for Packaging Market Share Analysis

The carbon black for 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 carbon black for packaging market.

Some of the major players operating in the carbon black for packaging market are:

• PCBL  (India)
• Birla Carbon USA Inc (U.S.)
• Continental Carbon India Limited (India)
• Cabot Corporation (U.S.)
• CANCARB LIMITED (Canada)
• Sealed Air (U.S.)
• DS Smith (U.K.)
• Achilles Corporation (Japan)
• Delphon (U.S.)
• Storopack Hans Reichenecker GmbH (Germany)
• Desco Industries Inc. (U.S.)
• Nefab Group (Sweden)
• Teknis Limited (U.K.)
•  Elcom Ltd. (U.K.)
• GWP Group (U.K.)
• AUER Packaging (Germany)
• Pure-Stat Engineered Technologies, Inc. (U.S.)
• Protective Packaging Corporation (U.S.)

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