PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1532996
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1532996
The market for antifog additives is anticipated to grow at the compound annual growth rate (CAGR) of 3.97% during the forecast period (2024-2029).
Anti-fog additives are the chemicals used in the packaging to prevent the formation of water droplets resembling fog on the packaging surface. This not only improves the appearance of the packaged material but also makes it look fresh. The formation of the water fog on the transparent packaging causes poor visibility and reduces the attractiveness of the product's buying potential. The basic technique used by these additives is the hydrophilic properties of the plastic surface to change the water to form a thin, uniform layer that retains its transparency.
Antifog additives come in different types, like glycerol esters, which are widely used as food additives, preservatives, thickeners, and emulsifiers in cosmetics, leather, lubricants, and other industries. Other additives included sorbitan ester ethoxylates, nonylphenol ethoxylates, etc. It is sold as a proprietary blend and plasticulture application.
As the global population is growing, the need for more agricultural production has been rising. Anti-fog additives are very useful in agriculture. The major application comes as it makes mulch films more transparent and enhances light transmission. As a result, farmers could enhance the growth rate per plant. The demand for anti-fog additives will grow as agricultural production is anticipated to grow in the coming years. According to the OECD, the growth of maize (corn) and wheat production is anticipated to expand to 12.50% and 2.89% by 2032 from 2022.
This hike in production is anticipated by using modern techniques and innovative methods of farming in the limited land and resources available right now. The reason for the success of the anti-fog additives is that their action stops water droplets from forming, increases the plastic film's transparency, and allows light to transmit more effectively in the greenhouse setups.
The growing demand from the food and agriculture industry is causing an increase in the demand for antifog additives. The production of poultry meat in the European Union increased by 3.16% from 2022 to 2023, while the consumption of poultry meat increased by 4.64% for the same period. Meat products are greasy and slimy; thus, the packaging of the meat industry is more susceptible to fogging. Therefore it is required for the industry to use antifog additives in their packaging.
According to the OECD data, the increase in sheepmeat consumption would reach 2378.45 tonnes ('000) weight by 2032, a rise of 4.38% for 2023. The need for better packaging would increase with this increase in meat production and global food processing. A long shelf life and protection from physical damage are needed for the product to reach the consumer in good condition and with health benefits. Similarly, soya bean production worldwide will reach 1,39,143.10 tonnes ('000) by 2032, a growth of 9.18% in 2022. This production growth would require better packaging and preservation.
With the changing lifestyle and rising pollution in the living spaces. There is a growing crisis of chronic disease ailments. According to the World Health Organisation (WHO), about 422 million people worldwide have diabetes, and many of them live in low and middle-income countries. This crisis creates the need for more pharmaceutical medicines, thus, the demand for the pharmaceutical industry. Antifog additives are needed to provide better packaging and prevent moisture buildup. Further, antifog additives are used in the building and construction industry to prevent the fogging of the transparent surface and make it better visible. Sometimes, they have antimicrobial properties to prevent the growth of microbes.
Antifog Additives Market Geographical Outlook
The region has major economies like China, Japan, India, and South Korea, which are part of the G20. India and China are the largest economies in the BRICS group. According to the IBEF (India Brand Equity Foundation), the country is showing robust growth and development in the food processing industry. The market size of the food processing sector is expected to reach US$1,274 billion in 2027 from US$866 billion in 2022. The country is becoming the largest consumer and producer of processed foods. Indians are more likely to have different varieties of food cuisines, and the influence of foreign influences on domestic food consumption also plays a role.
India's horticulture output is anticipated to have hit a record 351.92 million tonnes (MT) in 2022-23, an increase of about 4.74 million tonnes from the previous year. China accounts for the production of the population of 22% and accounts for 7% of total agricultural acreage globally. China's wheat, soybean, and peanuts production are expected to increase by 3%,9%, and 5%, respectively, for the market year 2024/2025. The expected growth of the agriculture sector in the economy would lead to the demand for raw materials in the industry. Asia Pacific has the world's largest population; thus, the demand for agricultural and food packaging will increase in the coming period.