“Global Packaging Coating Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global packaging coating market report has been segmented on the basis of resin type, application, end-use industries, and region.
Global Packaging Coating Market: Introduction
Packaging coating is a medium to offer functional and aesthetic appeal to different products related to personal care, consumer goods, healthcare, food & beverages, and chemicals, among others. These coatings are used for various materials that are utilized during packaging. These provide various additional features by offering chemical resistance, attractive appearance, corrosion protection, protection against different environmental conditions, and others. These coatings are used with various materials which are used during packaging products ranging from cans to paper. In addition, wide applications of packaging coatings are also depending upon type of additives and resin used or applied in these materials. Packaging coatings offers various applications such as ensures safety, ease in supply, promotion, and convenience and product customization.
Global Packaging Coating Market: Dynamics
Increasing adoption for packaging coating across numerous end-use applications including food cans and beverages cans is a factor expected to drive the target market growth. In addition, rising demand for packaging coating from industrial and specialty packaging solutions is a key factor projected to drive the global packaging coating market growth.
In addition, rising demand for aerosol cans in healthcare and personal industry is among another factor expected to fuel the global market growth. Rising demand for these packaging coating solutions in emerging economics including India, China, and others is factor anticipated to drive the target market growth.
Rising need for maintaining the original taste and quality and keeping check on contamination is pushing producers to utilize packaging coatings solutions especially in the food & beverage industry. This is a key factor projected to fuel growth of the target market. However, strict government regulations, coupled with emissions of harmful VOC content during manufacturing process are factors projected to restraint the global market growth.
Global Packaging Coating Market: Segment Insights
Among the resin type segments, the epoxy thermoset segment is expected to register major revenue share in the global packaging coating market. The epoxy thermoset segment revenue is anticipated to record highest CAGR.
Among the application segments, the food cans segment is projected to register major revenue share in the global packaging coating market. The food cans segment revenue is anticipated to record highest CAGR.
Among the end-use industries segments, the food & beverages segment is projected to witness highest revenue share in the global packaging coating market. The food & beverages segment revenue is projected to register highest growth rate over the next 10 years.
Global Packaging Coating Market: Region Insights
The Asia Pacific packaging coating market is expected to expected to register major revenue share in the global packaging coating market, owing to rising demand of packaging coating from the food & beverages, cosmetics, and pharmaceuticals industries. Asia Pacific market is anticipated to record highest revenue growth. This can be attributed to rising demand from consumer electronics and automotive components industry in countries in this region.
Global Packaging Coating Market Segmentation:
Segmentation by Resin Type:
- Epoxy Thermoset
- BPA Free
- Soft Touch UV-Curable & Urethane
Segmentation by Application:
- Food Cans
- Beverage Cans
- Aerosol Cans & Tubes
- Caps & Closures
- Promotional Packaging and Specialty Packaging
Segmentation by End-use Industries:
- Food & Beverages
- Consumer Electronics
- Automotive Components
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Akzo Nobel N.V.
- Axalta Coating Systems Ltd.
- DAW SE
- Hempel A/S
- Brillux GmbH & Co. KG
- RPM International Inc.
- Fujikura Kasei Co., Ltd.
- Kangnam Jevisco Co., Ltd.
- PPG Industries, Inc.
- National Paints Factories Co. Ltd.
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