The global anti-corrosive packaging market revenue was around US$ 684.5 million in 2021 and is estimated to reach US$ 1,225.9 million by 2031, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2031.
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Anti-corrosive packaging offers long-term protection to metal products that are to be stored or transported to protect them from corrosion. Using this type of packaging is beneficial for businesses that ship across water or damp environments. These packaging solutions are low-cost, flexible, effective, and can be utilized for several non-metal and metal
products.
Factors Influencing Market Growth
The rise in automotive and industrial goods in developing nations like India, China, and the U.S. has surged the development of the producers, and industrial enterprises. Thus, this factor is driving the demand in the anti- corrosive packaging market.
The rise in the adoption of Industry 4.0 is driving the need for interlinked machinery, which is ultimately fueling the market growth.
An increase in temperature and direct sunshine decomposes the vapor and renders the anti-corrosion packaging ineffective. These factors hamper the market growth.
Study of the COVID-19 Pandemic
During the COVID-19 pandemic, several manufacturers in the anti-corrosive packaging market halted their operations in nations including India, China, the U.S., and India. Due to the lockdown enacted by the government, sales of packaging were halted. In addition, the lack of labor and raw materials also limited the supply of equipment, which had a negative impact on the market’s expansion. However, it is predicted that the reopening of production facilities and the release of coronavirus vaccinations will result in the reopening of enterprises.
Regional Insights
Asia-Pacific dominated the market in terms of the highest share and it is projected that this trend would continue during the forecast period. This is due to the rise in manufacturing sectors like electrical & electronics aviation, automotive, and metal in nations like China, India, and Japan. Additionally, the rise in infrastructure activities in the region is driving up the demand. As a result, all of these factors are anticipated to fuel the expansion of the anti-corrosive packaging market in this region.
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Leading Competitors
The leading competitors in the global anti-corrosive packaging market are:
Jotun
Aicello Corporation
Kansai
Ningbo
Nitto Denko Corporation
Axalta
BRANOpac
Hempel A/S
Safepack
NTIC
Nefab Group
Henkel
Cortec Corporation
Armor Protective Packaging
Haver Plastics Co Ltd
Muller LCS Inc
Crayex Corporation
Others
Segmentation Analysis
The global anti-corrosive packaging market segmentation focuses on Material Type, Product Type, Application, and Region.
Segmentation based on Material Type
PE (Polyethylene)
o HDPE
o LDPE
PVC (Polyvinyl Chloride)
Others
Segmentation based on Product Type
Bags
Foils
Others
Segmentation based on Application
Electrical and Electronics
Automotive
Consumer Goods
Industrial Goods
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Anti-Corrosive Packaging Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Anti-Corrosive Packaging Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Anti-Corrosive Packaging Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Anti-Corrosive Packaging Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Anti-Corrosive Packaging Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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