VCI Packaging Market Trends and Forecast
The future of the global VCI packaging market looks promising with opportunities in the aerospace, automotive, electronic, and military markets. The global VCI packaging market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increased need to prevent metal corrosion during shipping & storage, growing emphasis on protecting metal products from environmental damage, and expansion of manufacturing & automotive sectors.
• Lucintel forecasts that VCI foam emitter is expected to witness the highest growth over the forecast period.
• Within this market, aerospace is expected to witness the highest growth.
• Europe is expected to witness highest growth over the forecast period.
United States: Cortec Corporation launched an eco-friendly VCI film, aiming to reduce environmental impact and enhance corrosion protection for automotive parts.
Germany: EXCOR GmbH announced new biodegradable VCI products, targeting increased sustainability in the packaging industry by 2025.
India: Safepack Industries expanded its VCI packaging production capacity to meet growing demand in the metalworking and automotive sectors.
China: Suzhou Rustop introduced advanced multi-metal VCI packaging solutions, focusing on high-tech industries and aligning with government industrial modernization initiatives.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
VCI Packaging by Segment
The study includes a forecast for the global VCI packaging by type, application, and region.
VCI Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• VCI Foam Emitters
• VCI Films
• VCI Papers
• VCI Strips
• VCI Tube
• VCI Capsules
• VCI Bags
• Others
VCI Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace
• Automotive
• Electronics
• Military
• Others
VCI Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of VCI Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies VCI packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the VCI packaging companies profiled in this report include-
• Zerust
• Rust-X, LPS Industries
• MetPro Group
• Nokstop Chem
• Shenyang VCI
• RBL Industries
• Technology Packaging
• Protopak Engineering
• Green Packaging
• Aicello Corporation
Recent Development in the VCI Packaging Market
Cortec Corporation: Cortec Corporation has introduced an innovative eco-friendly VCI film designed to provide superior corrosion protection while minimizing environmental impact. This new product is part of CortecÄX%$%Xs commitment to sustainable packaging solutions for the automotive and metalworking industries.
EXCOR GmbH: German-based EXCOR GmbH announced the development of biodegradable VCI packaging materials. These new products aim to reduce plastic waste and meet the growing demand for sustainable packaging solutions. EXCOR has set a target to achieve full biodegradability in their VCI products by 2025.
Safepack Industries: In India, Safepack Industries has significantly expanded its production capacity for VCI packaging materials. This expansion is driven by increasing demand from the metalworking and automotive sectors, positioning Safepack to better serve its growing customer base in Asia.
Suzhou Rustop: Chinese company Suzhou Rustop has launched advanced multi-metal VCI packaging solutions tailored for high-tech industries. These new products align with ChinaÄX%$%Xs government initiatives to modernize its industrial sector and enhance the protection of sensitive electronic components during storage and transportation.
Northern Technologies International Corporation (NTIC): NTIC has expanded its ZERUST® VCI product line with new formulations that offer enhanced protection for a wider range of metals. This expansion aims to cater to the diverse needs of global manufacturing industries, ensuring comprehensive corrosion protection across various applications.
Features of the Global VCI Packaging Market
Market Size Estimates: VCI packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: VCI packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: VCI packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the VCI packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the VCI packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the VCI packaging market size?
Answer: The global VCI packaging market is expected to reach an estimated $1.2 billion by 2030.
Q2. What is the growth forecast for VCI packaging market?
Answer: The global VCI packaging market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the VCI packaging market?
Answer: The major drivers for this market are increased need to prevent metal corrosion during shipping & storage, growing emphasis on protecting metal products from environmental damage, and expansion of manufacturing & automotive sectors.
Q4. What are the major segments for VCI packaging market?
Answer: The future of the VCI packaging market looks promising with opportunities in the aerospace, automotive, electronic, and military markets.
Q5. Who are the key VCI packaging market companies?
Answer: Some of the key VCI packaging companies are as follows:
• Zerust
• Rust-X, LPS Industries
• MetPro Group
• Nokstop Chem
• Shenyang VCI
• RBL Industries
• Technology Packaging
• Protopak Engineering
• Green Packaging
• Aicello Corporation
Q6. Which VCI packaging market segment will be the largest in future?
Answer: Lucintel forecasts that VCI foam emitter is expected to witness the highest growth over the forecast period.
Q7. In VCI packaging market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the VCI packaging market by type (VCI foam emitters, VCI films, VCI papers, VCI strips, VCI tube, VCI capsules, VCI bags, and others), application (aerospace, automotive, electronics, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to VCI Packaging Market Market, VCI Packaging Market Market Size, VCI Packaging Market Market Growth, VCI Packaging Market Market Analysis, VCI Packaging Market Market Report, VCI Packaging Market Market Share, VCI Packaging Market Market Trends, VCI Packaging Market Market Forecast, VCI Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.