The volatile corrosion inhibitors (VCI) packaging market is projected to experience significant growth over the forecast period. According to the mentioned statistics, the market is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2029, reaching a value of USD 1,175 million.
The increasing demand for effective and suitable metal packaging solutions is driving the growth of the VCI packaging market. Factors such as rising metal prices and the need for proper protection of metal products from developing countries contribute to this demand. Manufacturers are focusing on product development and expanding their portfolios to meet the specific requirements of consumers.
VCI packaging manufacturers are introducing new and cost-effective products targeted at specific applications, attracting the attention of consumers. Companies like the Mondi Group are also investing in the development of VCI packaging solutions to capitalize on the growing demand. Additionally, the rising demand for eco-friendly and sustainable VCI packaging creates opportunities for paper packaging industry leaders to enter the market.
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VCI bags, particularly large volume bags, are witnessing increased adoption by metal component and part manufacturers. This trend drives the demand for VCI packs, contributing to the market’s growth. Manufacturers are expanding their range of VCI packaging products by introducing new types and combinations to better meet the needs of end consumers. Among the VCI packaging products, VCI paper is expected to grow at the highest CAGR, while VCI film is expected to experience modest growth.
The development and adoption of VCI packaging products are influenced by the availability of packaging materials in the market and the increasing demand for packaging various metal products. As market understanding evolves, VCI paper and other bio-based VCI products are expected to gradually replace VCI film, which was previously used occasionally for packaging.
Overall, the VCI packaging market is anticipated to witness substantial growth, driven by the need for effective metal packaging solutions and the introduction of innovative products. The market’s trajectory will be shaped by factors such as metal prices, consumer demand, and advancements in packaging materials.
Investment of Emerging Economies in Manufacturing Sectors
The VCI packaging market is highly based on industries where metal parts and components are mostly used. Globally, the VCI packaging market is likely to grow due to demand from the primary metal & metal works industries. Owing to the adoption of VCI liquids and powders, the automotive industry is expected to witness a sluggish growth in the future.
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The aerospace & components industries are projected to increase the consumption of VCI packaging during the forecast period. The emerging countries are boosting the demand for VCI packaging by investing in the aerospace, metal, and electrical & electronics industries. Other processing industry are also shifting towards VCI liquid and powder to protect metal products & components due to new easy techniques for removal & applicators.
Competitive Landscape
Companies operating in the volatile corrosion inhibitors packaging market are aiming at expansions and strategic partnerships with other manufacturers to expand their product manufacturing capabilities, product portfolio and global presence.
- In May 2021, Northern Technologies International Corp. business unit launched Natur-VCI a biodegradable and compostable vapor corrosion inhibitor film which is manufactured to shield both types of metals which showcase ferrous and non-ferrous properties during shipment and short-term storage.
- On June 2019, Cortec Corp. launched EcoCorr® Film, which is a biodegradable, compostable VCI packaging film that provides contact, barrier, and vapor corrosion inhibition.
- In April 2019, Daubert Cromwell Inc. introduced environmental-friendly Clear Pak brand VCI films with Clear Pak 5000 to protect steel, aluminum, and copper.
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Key Players:
- Cortec Corporation
- Armor Protective Packaging
- Branopac India Pvt. Ltd.
- Daubert Cromwell, LLC
- Haver Plastics Co Ltd.
- Muller LCS Inc.
- NTIC (Zerust Excor)
- Mondi Group
Volatile Corrosion Inhibitors Packaging Market by Categor
By Product:
- VCI Paper
- VCI Film
- Stretch
- Shrink
- Sheet
- VCI Bags
- Flat
- Gusseted
- Zipper
- Foam
- Others
By Material:
- Paper
- Polyethylene
- Others
By End-user Industry:
- Aerospace & Defense
- Primary Metal
- Electricals & Electronics
- Automotive
- Heavy Equipment
- Metal Works
- Others
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