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
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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)

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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.

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Global Packaging Coatings Market to Grow at 3.7% During 2024-2032, Impelled by the Growing Retail and E-Commerce Industries
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