According to a new report published by Allied Market Research, titled, โAnti-Corrosive Packaging Market,” The anti-corrosive packaging market size was valued at $683.3 million in 2021, and is estimated to reach $1223.6 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
The report offers a detailed study of the anti-corrosive packaging market, which is classified on the basis of types, end users, applications, and regions. By geography, the anti-corrosive packaging market is categorized across North America, Europe, Asia-Pacific, and LAMEA. North America is divided into the U.S., Canada, and Mexico. Europe includes Germany, France, the UK, Italy, and rest of Europe. Asia-Pacific takes in China, India, Japan, South Korea, and rest of Asia-Pacific. Latin America, the Middle East, and Africa are studied across LAMEA.
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These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their anti-corrosive packaging market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
The report also provides information on the drivers, restraints, and opportunities of the market. Furthermore, certain strictures such as value chain breakdown, pricing analysis, Porterโs five force breakdown, and impact of government dictums on the market are also demonstrated in the anti-corrosive packaging market report.
Segmental outlook
The global anti-corrosive packaging market is categorized on the basis of type, application, end-use industry, and region. Based on region, the market is studied across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The segmental study takes in real-time and forecast in both qualitative and quantitative terms. This helps clients understand the most worthwhile segments for investors to capitalize on the market.
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Competitive scenario
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
The report encompasses an in-depth study of the major players operating across the world, along with market share analysis, and an outlook on the strategies adopted by the top players in the industry. Moreover, the report highlights the developmental strategies such as mergers & acquisitions, product launches, and partnerships incorporated by the market players to heighten their foothold in the market.
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Covid-19 impact:
- Construction and manufacturing activities of anti-corrosive packaging halted due to the implementation of the global lockdown.
- Moreover, supply chain disruptions, shortage of labor force, and unavailability of raw materials created several challenges in carrying out manufacturing in full capacity.
- Several construction activities were delayed in order to maintain the social distancing norms.
- The demand from end use industries reduced significantly due to halt in day-to-day operations in 2020. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
- The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging global anti-corrosive packaging market trends and dynamics.
Depending on material type, the PE (Polyethylene) segment dominated the market, in terms of revenue in 2021 and others segment is projected to grow at a significant CAGR during the anti-corrosive packaging forecast period.
By product type, the foils segment is expected to registered the highest revenue in 2021.
In terms of application, the automotive segment has the highest revenue in 2021.
Asia-Pacific is projected to register the highest growth rate in the coming years.
The key players within the global anti-corrosive packaging market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand competitive outlook of the anti-corrosive packaging industry.
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