Market Size of Antifog Additives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Anti-Fog Additives Market Analysis
The antifog additives market is projected to register a CAGR of more than 4% during the forecast period (2021-2026).
COVID-19 has positively impacted the food packaging industry due to increased consumer awareness of fresh and safe deliveries, which is expected to boost the market for antifog films. For instance, according to the Ministry of Foof and Drug Safety (MFDS), processed food and vegetable imports in South Korea increased by around 6,000 ton in 2020 to hit 281,222 ton, compared to 275,424 ton in 2019. The revenue from the global food and beverage industry was valued at over USD 240 billion in 2020, which increased significantly from approximately USD 158 billion in 2019. Antifog additives, which are predominantly used in the production of films, create antifogging properties, thus protecting vegetables, fruits, meat, etc. Owing to these factors, the market for antifog additives is estimated to grow substantially through the forecast period.
- Over the medium term, increasing demand for agricultural and food packaging films and growing demand for coating films for mirrors and goggles are expected to drive the market.
- Strict government policies, hazardous waste production at the time of film production, and the negative impact of the COVID-19 pandemic act as restraints for market growth.
- On the other hand, there is a demand from the food and beverage sector for the packaging of processed foods to prevent the packaged food from spoiling and the formation of fog, which reduces visibility. This is projected to propel the antifog additives market.
- Asia-Pacific holds the largest market share, with the highest demand coming from India, China, and Japan.
Anti-Fog Additives Industry Segmentation
The chemicals that prevent water condensation in small droplets on surfaces are known as antifog additives. The antifog additives market is segmented by type, application, and geography. By type, the market is segmented into glycerol esters, polyglycerol esters, sorbitan esters of fatty acids, and other types. By application, the market is segmented into agricultural films, packaging films, and other applications. The report also covers the market sizes and forecasts for the antifog additives market in 15 countries across major regions. The market sizing and forecasts have been done for each segment based on revenue (in USD million).
Type | |
Glycerol Esters | |
Polyglycerol Esters | |
Sorbitan Esters of Fatty Acids | |
Other Types |
Application | |
Agricultural Films | |
Packaging Films | |
Other Applications |
Geography | |||||||
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Antifog Additives Market Size Summary
The antifog additives market is experiencing growth driven by increasing demand in the food and agricultural packaging sectors, particularly in the Asia-Pacific region. These additives are essential in preventing fogging in packaging films, which is crucial for maintaining the clarity and shelf life of packaged food products. The market is benefiting from the rising consumer preference for packaged and processed foods, supported by technological advancements in agriculture and food processing. The Asia-Pacific region, especially countries like China, India, and Japan, is witnessing significant growth due to the expansion of the packaging industry and the increasing acceptance of packaged foods. This growth is further fueled by government regulations promoting the use of antifog additives to enhance food safety and quality.
Despite the positive growth trajectory, the antifog additives market faces challenges such as strict government policies and environmental concerns related to hazardous waste production during film manufacturing. However, the demand from the food and beverage sector for effective packaging solutions continues to drive market expansion. The market is characterized by fragmentation, with several key players like LyondellBasell Industries Holdings B.V., Croda International PLC, and DuPont holding marginal shares. Strategic partnerships and acquisitions, such as Emery Oleochemicals' agreement with IMCD and LyondellBasell's acquisition of A.Schulman, are indicative of the competitive landscape and efforts to enhance product offerings and market reach.
Antifog Additives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from Agriculture Industry
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1.1.2 Surging Demand from Packaging Industry
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Hazardous Waste Production During Film Production
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1.2.2 Negative Impact of COVID-19 Pandemic
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Glycerol Esters
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2.1.2 Polyglycerol Esters
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2.1.3 Sorbitan Esters of Fatty Acids
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2.1.4 Other Types
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2.2 Application
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2.2.1 Agricultural Films
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2.2.2 Packaging Films
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2.2.3 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Antifog Additives Market Size FAQs
What is the current Antifog Additives Market size?
The Antifog Additives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Antifog Additives Market?
Emery Oleochemicals , Croda International Plc, LyondellBasell Industries Holdings B.V., Avient and DuPont are the major companies operating in the Antifog Additives Market.