Global Packaging Additives Market to Reach $824.4 Million by 2030
The global market for Packaging Additives estimated at US$595.8 Million in the year 2023, is expected to reach US$824.4 Million by 2030, growing at a CAGR of 4.7% over the period 2023-2030. Rigid Packaging Additives, one of the segments analyzed in the report, is expected to record 4.2% CAGR and reach US$432.7 Million by the end of the analysis period. Growth in the Flexible Packaging Additives segment is estimated at 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $157.3 Million, While China is Forecast to Grow at 7.3% CAGR
The Packaging Additives market in the U.S. is estimated at US$157.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$180.1 Million by the year 2030 trailing a CAGR of 7.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
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