Business Industry

Packaging Coatings Market set to grow according to forecasts – Akzo Nobel N.V., Arkema Group, Axalta Coating Systems, LLC, BASF SE, Mantrose-Haeuser Co., Inc.

Packaging Coatings Market
Packaging Coatings Market

Packaging coatings are coatings having good adhesion to metal and plastic substrates along with high chemical resistance. Such coatings effectively serve protection, performance as well as decoration purposes for metal cans, plastic tubes, or any other substrate used in packaging. Coating technology in the food packaging sector allows more rational use of the materials used within this sector. Replacement of multi-layer, heavy structures with multi-functional thin layer will not only help to reduce the upstream amount of packaging material but also improve the functionality of the final packaging, thereby, ensuring shelf life extension. The packaging coatings market is coming up with highly sophisticated and engineered coatings to meet consumer convenience.

The packaging coatings market is anticipated to grow in the forecast period owing to driving factors such as rapid growth of the e-commerce industry and high demands of flexible packaging for consumer goods. Moreover, the growing demands for canned food and beverages coupled with aerosol cans for personal and healthcare industry further fuel the packaging coatings market growth. However, rising concerns on amount of Bisphenol-A in packaging coatings may limit market growth. The growth opportunity for key players in the packaging coatings market lies in the production of environment-friendly packaging coatings.

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Leading key market players mentioned in the report:-

  • 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 Sherwin-Williams Company
  • Wacker Chemie AG

The global packaging coatings market is segmented on the basis of type, substrate, application and end user. Based on type, the market is segmented as epoxy thermoset, urethane, UV-curable, BPA free, soft touch UV-curable. By substrate, the market is segmented as metal, rigid plastic, glass, liquid cartons, paper-based containers, flexible packaging and others. On the basis of the application the market is segmented as food cans, beverage cans, caps & closures, aerosols & tubes, industrial packaging, promotional packaging and specialty packaging. The market on the basis of the end user is classified as food & beverages, cosmetics, pharmaceuticals, consumer electronics and automotive components.

Reasons to Buy the Report:

  • Learn about the driving factors, affecting the market growth.
  • Imbibe the advancements and progress in the market during the forecast period.
  • Understand where the market opportunities lies.
  • Compare and evaluate various options affecting the market.
  • Pick up on the leading market players within the market.
  • Envision the restrictions and restrains that are likely to hamper the market.

What the report features:-

  • Global analysis of Packaging Coatings market from 2019 – 2027 illustrating the progression of the market.
  • Forecast and analysis of Packaging Coatings market by Dosage, Route of Administration and Application from 2019 – 2027
  • Forecast and analysis of Packaging Coatings market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America

This market research report administers a broad view of the Packaging Coatings market on a Global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Packaging Coatings market’s growth in terms of revenue.

The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Packaging Coatings market growth during the forecast period. Segmentations of the market are examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of Dosage, Route of Administration and Application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Packaging Coatings market through the segments and sub-segments.

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The report also provides the market size and estimates a forecast from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Packaging Coatings market.

The report also analyzes the factors affecting Packaging Coatings market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

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