Packaging Additives Market Overview and Analysis Report, 2014 to 2024

The global packaging additives market size was 61.50 kilo tons in 2016 and is expected to witness a substantial growth due to the increasing demand for packing solutions across various industries including food, cosmetics, and pharmaceuticals. Moreover, growing consumer awareness and government initiatives to use additives such as antistatic additives and oxygen scavengers, which are eco-friendly and can be easily recycled are anticipated to boost the market over the forecast period. The growth of the packaging market has been the primary factor driving the growth of additives industry. The global packaging industry was valued at USD 866.7 billion in 2016 and is anticipated to grow at a CAGR of 3.8%%%% from 2017 to 2024. The growth of the additives market is expected to grow in tandem with the packaging industry.