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- Global Packaging Coatings Market
Global Packaging Coatings Market to Grow at 3.7% During 2024-2032, Impelled by the Growing Retail and E-Commerce Industries
August 16, 2021
| Packaging
The latest report by IMARC Group, titled “Packaging Coatings Market Report by Substrate (Plastic, Metal, Paper, Glass, and Others), Resin (Epoxy, Acrylic, Polyurethane, Polyester, and Others), Formulation (Water-Based, Solvent-Based, Radiation-Cured, Powder-Based), Application (Beverages, Food Products, Caps and Closures, Monobloc and Tubes, and Others), and Region 2024-2032,” finds that the global packaging coatings market reached a value of US$ 3.7 Billion in 2023. Packaging coatings are functional and aesthetic media that protect and prevent the packaged product from oxygen, light, and moisture. Epoxy thermoset, urethane, acrylic, and polyester are some of the widely used packaging coatings. They help ease the supply chain, promote sales, and extend the shelf life of contents. They also offer chemical resistance, corrosion protection and ensure the safety of the products. As a result, packaging coatings find application in the consumer goods, personal care, healthcare, chemical, and food and beverage industries.
Global Packaging Coatings Market Trends:
The global packaging coatings market is primarily driven by their growing demand from the food sector to maintain original quality and taste and prevent contamination of food content by foreign agents. Besides this, the expanding e-commerce industry has increased the need for various metal, plastic and paper-based containers, cans, closures, and industrial packaging products. Consequently, this has led to the growing adoption of packaging coatings across the industry. In addition to this, with rising environmental concerns, manufacturers are shifting toward solvent-borne, waterborne, and powder-based epoxy and acrylic resin products. These acrylic packaging coatings offer excellent transparency and high durability to stains, blistering, heat and cracking to various packed products. Furthermore, research and development (R&D) activities have introduced sustainable and more effective packaging coatings, which, in turn, is significantly fueling the market growth. Looking forward, the market is expected to grow at a CAGR of 3.7% during the forecast period (2024-2032).
Market Summary:
- Based on the substrate, the market has been segmented into plastic, metal, paper, glass, and others.
- On the basis of the resin, the market has been classified into epoxy, acrylic, polyurethane, polyester, and others.
- The market has been categorized based on the formulation into water-based, solvent-based, radiation-cured, and powder-based coatings.
- On the basis of the application, the market has been segregated into beverages, food products, caps and closures, monobloc and tubes, and others.
- Region-wise, the market has been divided into Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), North America (the United States and Canada), Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others), and Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates, and others).
- The competitive landscape of the market has been examined, with some of the key players being Akzo Nobel N.V., Arkema Group, Axalta Coating Systems LLC, BASF SE, Mantrose-Haeuser Co. Inc., PPG Industries Inc., Sun Coating Company, The Dow Chemical Company, The Valspar Corporation, and Wacker Chemie AG Ltd.
Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Substrate, Resin, Formulation, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates |
| Companies Covered | Akzo Nobel N.V., Arkema Group, Axalta Coating Systems LLC, BASF SE, Mantrose-Haeuser Co. Inc., PPG Industries Inc., Sun Coating Company, The Dow Chemical Company, The Valspar Corporation and Wacker Chemie AG Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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