Polyolefin and other plastic films tend to adhere together due to the Van Der Waal force or due to presence of lower molecular species known as Oligomers, which often makes it difficult to separate layers. Antiblock additive can be added to plastics to prevent undesired adhesion and thus lower the blocking force between film layers during unwinding. This makes the whole process easy during the time of production as well as during the later usage of the product. Packaging is one of the important applications of antiblock additive. It is used in various end-use industries such as food and pharmaceuticals.
The global antiblock additive market can be segmented based on application, polymer type, product type, and region. In terms of application, the antiblock additive market can be divided into packaging (food, pharmaceutical, and others) and non-packaging (medical, agriculture, and others. Food and agriculture are expected to be lucrative application segments of the antiblock additive market. In terms of type of polymer, the antiblock additive market can be segregated into LDPE, LLDPE, PVC, BOPP, and HDPE. The LLDPE segment is anticipated to dominate the global antiblock additive market owing to the low cost, high tensile strength, and ease of use in various applications. Based on product type, the antiblock additive market can be classified into organic and inorganic antiblock additive type. The inorganic antiblock additive segment is anticipated to expand at a significant pace during the forecast period, as it is cost effective and easily available, unlike organic antiblock additives.
The global antiblock additive market is estimated to expand significantly during the forecast period owing to the increasing demand for these additive in food packaging due to the rising consumer awareness about ready-to-eat packaged food. Growth in disposable income of people along with high spending power has also boosted the demand for packaged food. Expansion in agriculture and pharmaceutical industries is also projected to propel the demand for antiblock additives during the forecast period. However, high dosage levels of antiblock additive affects the optical properties of plastic films. As a result, manufacturers are shifting their focus toward newer alternatives, which deliver optimum clarity and high resistance to blocking.
Based on region, the antiblock additive market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is likely to dominate the global antiblock additive market, followed by North America and Europe, during the forecast period. Rise in demand for antiblock additive in the agriculture industry in Asia Pacific is expected to boost the overall market during the forecast period. Furthermore, government initiatives to increase crop output are anticipated to boost the demand for food packaging during the forecast period. Growth in pharmaceutical and medical industries in North America and Europe is estimated to augment the overall market for antiblock additive in these regions. The antiblock additive market in Middle East & Africa and Latin America is projected to expand substantially during the next few years.
Companies are adopting aggressive marketing tactics to expand their market share. They are also shifting their production facilities to emerging economies in Asia Pacific and Latin America due to the easy availability of land, cheap labor, and governmental subsidies in these regions. Key players operating in antiblock additive market are Ampacet Corporation, Astra Polymers, Imerys S.A., Specialty Minerals Inc., Honeywell International Inc., W.R. Grace & Co., and Fine Organics.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.