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Packaging with volatile corrosion inhibitors (VCI) is one type of packaging used to keep metal products from corroding while being stored and transported. Volatile corrosion inhibitors, which form a shield on the metal surface and stop corrosion, are released via VCI packaging. The automotive, aerospace, military, and electronics sectors are just a few of the businesses that use VCI packaging.
The rising need for corrosion-resistant packaging options has led to consistent expansion in the worldwide VCI packaging market. The volatile corrosion inhibitors packaging market is anticipated to increase from USD 778 million in 2022 to USD 1,175 million in 2029, with a CAGR of 6.1%.
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The expanding understanding of the effects of corrosion on metal products is one of the major forces behind this growth. Metal items are susceptible to considerable corrosion damage, which can result in lost functionality, a shorter product lifespan, and higher maintenance expenses. VCI packaging provides a practical and affordable solution to this issue, assisting in the corrosion prevention and lifespan extension of metal items.
The rising need for high-performance packaging solutions across various sectors is another factor boosting the VCI packaging market. For instance, VCI packaging is utilised in the automotive sector to safeguard various metal parts, such as engines, gearboxes, and brake parts, while being stored and transported. VCI packaging is employed in the aerospace sector to prevent corrosion when transporting and storing delicate electrical components, aircraft parts, and other metal components.
The VCI packaging market is quite competitive, and a number of producers provide a variety of goods and services to satisfy the requirements of their clients. The rising need for specialised VCI packaging solutions is one of the major industry trends. Manufacturers are spending money on R&D to develop new goods that have better performance, durability, and use. As an illustration, some producers are investigating the use of novel materials like nanoparticles and conductive textiles to develop VCI packaging that provides improved protection and conductivity.
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In addition to customization, manufacturers are also focusing on innovation to gain a competitive edge in the market. For example, some manufacturers are investing in automation and digitalization to improve efficiency and reduce production costs. Others are exploring new packaging formats and designs to meet the evolving needs of their customers.
One of the challenges facing the VCI packaging market is the increasing complexity of the supply chain. With many industries relying on VCI packaging for the protection of their metal products, there is a growing demand for customized solutions that are tailored to specific applications and requirements. This has led to an increase in the number of suppliers and manufacturers involved in the supply chain, which can lead to challenges in terms of quality control, consistency, and logistics.
Overall, the VCI packaging market is a growing industry that is being driven by the increasing demand for corrosion-resistant packaging solutions. With the focus on customization, innovation, and performance, manufacturers are working to meet the evolving needs of various industries and applications. As the market continues to grow and evolve, it is likely that we will see new products and technologies emerge to meet the needs of customers and industries around the world.
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.
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