Carbon Black for Packaging Market: Key Trend, Forecast 2019 - 2027

Carbon Black for Packaging Market: Overview

Riding on the back of its demand from the electrical and electronic devices industry, the global carbon black for packaging market is expected to exhibit steady growth during the period of forecast, from 2019 to 2027. Carbon black is resistant to chemicals, lightweight, and easy to be utilized in making conductive substances.

The global carbon black for packaging market has been segmented on the basis of material type, application, and region. On the basis of application, the market is categorized into bags, trays, clamshells, shrink films, boxes and containers, tapes and labels, foams, totes/IBC, and racks.

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Carbon Black for Packaging Market: Notable Developments

One of the key developments shaping the dynamics of the global carbon black for packaging market is discussed below:

Tokai Carbon Co. Ltd., Japan-based carbon black firm, has acquired Sid Richardson Carbon Ltd. in 2018. The latter had been a leading carbon black supplier in the U.S. The acquisition comprised Sid Richardson and two of its affiliated companies. Tokai Carbon Co. Ltd. intends to expand its carbon black business in the years to come. This strategic move by Tokai Carbon Co. Ltd is expected to support the expansion plans of the company in North America, one of the largest markets in the world. Thus, it is likely the carbon black for packaging will experience new growth opportunities with the advent of the Japanese company.

Some of the leading market vendors of the global carbon black for packaging market are as follows

Phillips Carbon Black Limited
Continental Carbon India Limited
Storopack Hans Reichenecker GmbH
Tokai Carbon Group (Cancarb)
Cabot Corporation
Birla Carbon U.S.A., Inc.
Pregis Corporation
Smurfit Kappa Group

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Carbon Black for Packaging Market: Geographical Analysis

From the regional point of view, the global carbon black for packaging market has been divided into the regions of South America, Asia Pacific, the Middle East and Africa, Europe, and North America.

At present, Asia Pacific dominates the global carbon black for packaging market and the region accounts for almost half of the total market, in terms of value. The developments in the Asia Pacific market are driven by China. The country is expected to be a prominent accelerator of growth of the regional market during the forecast period, thanks to the rising consumption and production of electronic and electrical devices. However, despite being a leading country for the carbon black for packaging market, the country is likely to witness sluggish growth over the period of assessment. Presence of some of the leading manufacturers of carbon black in India, such as Continental Carbon Company and Philips Carbon Black Limited is likely to bolster prospects of Asia Pacific.

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