Carbon Black for Packaging Market Snapshot
Future Market Insights (FMI) in its recent edition of the study provides in-depth insights into the global carbon black for packaging market. As per the report, the market will exhibit year-on-year growth of 3.2% in 2021 to total 148,844 tones.
The growth can be attributed to increasing demand for packaging of electrical and electronic products. The Europe market is anticipated grow by 3% CAGR owing to increasing demand of recyclable packaging in Germany, U.K. and other countries.
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The overall valuation of carbon black for packaging market is anticipated to surpass US$ 190 Mn by the end of 2021, according to FMI. Smurfit Kappa Group, Sealed Air Corporation, DS Smith Plc, Pregis Corporation, and Achilles Corporation are identified as top market players operating in carbon black for packaging sector. They contribute 1/4th of the total market share in terms of sales.
Electrical and Electronics Products Sales Sustains Carbon Black Consumption Level, for Packaging Applications
Increasing consumption of electrical and electronic devices will continue to sustain consumption of carbon black for packaging applications in the near future. The report delivers key insights on the carbon black for packaging market and forecasts a sluggish 2.9% CAGR for the revenue growth over 2021-2031.
The primary demand for carbon black for packaging is generated from the electrical & electronics industry, which is expected to grow further in the next 4-5 years.
With increasing consumption of products that are highly prone to ESD (electrostatic discharge), bags will be the dominating application segment in global carbon black for packaging market.
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Technical Incompatibility Continues to Challenge Market Growth
Some of the major challenges facing the global carbon black for packaging market are technical incompatibilities of small-scale companies to manufacture conductive compounds.
Compounding of carbon black and polymer materials is a complicated process and requires special attention during production. It involves high technical capabilities and resources to produce carbon black and polymer compounds.
Also, chemical properties of carbon black tend to hamper the mechanical properties of sensitive electrical and electronic components which, in turn, may contribute to the declining demand for carbon black for packaging applications.
Distributors of Carbon Black for Packaging Applications to Remain Key Members of Value Chain
While some of the major manufacturers such as Philips Carbon Black Limited, Orion Engineered Carbons, Cabot Corporation, and Birla Carbon continue to dominate the carbon black for packaging market, the competition in the carbon black for packaging landscape is expected to intensify in the near future as several local players strengthen their focus on emerging economies such as India, China, and Brazil.
Leading carbon black companies are also planning to expand their market presence in multiple regional markets to leverage the opportunity generated from different end-use applications.
Carbon Black for Packaging Market: Key Players Key players operating in the global carbon black for packaging market include –
Phillips Carbon Black Limited, Birla Carbon U.S.A., Inc., Continental Carbon India Limited, Cabot Corporation, Tokai Carbon Group (Cancarb), Sealed Air Corporation, Pregis Corporation, DS Smith Plc, Achilles Corporation, Delphon Industries, LLC, Smurfit Kappa Group, Storopack Hans Reichenecker GmbH, Desco Industries Inc., Nefab Group, Teknis Limited, Elcom (UK) Ltd., GWP Group Limited, International Plastics Inc., AUER Packaging GmbH, Pure-Stat Engineered Technologies, Inc., and Protective Packaging Corporation.
This list is indicative – full details about prominent carbon black for packaging manufacturers is available upon request
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Carbon black for packaging Market – Report Scope Attribute Details Forecast Period 2021 – 2031 Historical Data Available for 2018 – 2028 Market Analysis US$ Mn for Value & Units for Volume Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa Key Countries Covered US, Canada, Brazil, Mexico, Argentina, Rest of Latin America, Germany, Italy, France, U.K., Russia, Spain, BENELUX, Poland, Nordic, Rest of Europe, India, China, ASEAN, ANZ, Japan, GCC Countries, Turkey, South Africa, Iran, Israel, and Rest of MEA. Key Segments Covered Material Type, Application Type, and By Region Key Companies Profiled Phillips Carbon Black Limited Birla Carbon U.S.A., Inc. Continental Carbon India Limited Cabot Corporation Tokai Carbon Group (Cancarb) Sealed Air Corporation Pregis Corporation DS Smith Plc Achilles Corporation Delphon Industries, LLC Smurfit Kappa Group Storopack Hans Reichenecker GmbH Desco Industries Inc. Nefab Group Teknis Limited, Elcom (UK) Ltd. GWP Group Limited International Plastics Inc. AUER Packaging GmbH Pure-Stat Engineered Technologies, Inc. Protective Packaging Corporation. Report Coverage Market Overview, Market Background, Market Forecast, Segmental Analysis, Regional Profiling and Competition Analysis Customization & Pricing Available upon Request