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.
Carbon black has been in use as an additive in manufacturing of conductive polymers, accounting for the largest market share, by additive type, in the global conductive polymer market. However, a new intelligence report suggests that the carbon black for packaging market is particularly observing gradual growth in revenue over the recent past and will continue to witness a similar scenario during the forecast period.
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Towards the end of 2028, bags are likely to account for almost a third of the total estimated market value, according to the report.
Among material types, polyethylene and polypropylene are currently leading with a collective revenue share of more than 55% in the carbon black for packaging market.
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.
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Growing Popularity of Carbon Nanotube to Hamper Growth
Carbon nanotubes are gaining strong traction in the global conductive polymers market. These have emerged as the most effective additive solution to impart conductivity to polymer materials.
It should be noted that the carbon nanotubes are 1000x more powerful than other widely used alternative additive solutions such as carbon black. This might hamper the global carbon black for packaging market during the forecast period.
Commercially-available static control materials usually contain 15-20% carbon black as an additive in ESD materials. The high content of carbon black leads to high surface conductivity which results in an uncontrolled discharge through the ESD material.
This has resulted in a decline in the growth rate of the carbon black for packaging market.
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.
Global Carbon Black for Packaging Market Segmentation
By Material Type:
- Acrylonitrile Butadiene Styrene (ABS)
- Polyvinyl Chloride
- Polycarbonate
- Polyethylene
- Polypropylene
- Polyamide
- Styrene Acrylonitrile (SAN)
- Other Plastics
By Application Type:
- Bags
- Trays
- Clamshells
- Shrink Films
- Boxes & Containers
- Tapes & Labels
- Foams
- Totes/IBC
- Racks
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation and Development Trends
4. Key Success Factors
4.1. Product USPs
4.2. Strategic Promotional Strategies
5. Global Carbon Black for Packaging Market Demand Analysis 2013-2017 and Forecast, 2018-2028
5.1. Historical Market Value (US$ ‘000) and Volume (Tonnes) Analysis, 2013-2017
5.2. Current and Future Market Value (US$ ‘000) and Volume (Tonnes) Projections, 2018-2028
5.3. Y-o-Y Growth Trend Analysis
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