Global functional additive sales for plastic packaging are forecast to grow during 2020–25 at an annual average rate of 5.3% to approximately $2.3 billion from $1.7 billion in 2019. Whilst global barrier coating sales for plastic packaging are forecast to grow during 2020–25 at an annual average rate of 4.9% to $2.4 billion to $1.8 billion.
Functional additives and barrier coatings are used across a wide range of food, beverages and non-food packaging markets.
