- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025
Progressive Markets published a report, “Packaging Coatings Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.” As per the report, the packaging coatings market is likely to grow at a CAGR of 4.41% from 2018 to 2025.
Packaging coatings play an important role in the manufacturing process. They not only help improve the aesthetic appeal of the packaging, but also provide additional protection, corrosion resistance, and increase consumer convenience. The coatings are applied to several materials that are used during packaging. The growing application of packaging coatings in various industries such as consumer goods, food & beverages, personal care, healthcare, and more are likely to benefit the global industry. Changing lifestyle and food habits are the main reasons for the growth of the food and beverages industry, which is a prime application segment for the global packaging coating market.
Market Drivers and Restraints:
The report analyzes the drivers and restraints influencing the packaging coatings market. Use of packaging coatings in the emerging economies, the growing demand for flexible packaging, and the fast growth of the e-commerce industry are driving the growth of the industry. In addition, the increasing use of packaging coatings in various industries such as food & beverage cans, aerosol, and others are propelling the market growth. Nonetheless, stringent government regulations and harmful VOC emissions during the production process are some factors impeding the growth of the packaging coatings industry.
The study analyzes the overall packaging coatings based on its segmentation. The market is segmented by type, substrate, application, end user, and geography. By type, the market is classified as epoxy thermoset, urethane, UV-curable, BPA Free, and soft touch UV-curable & urethane. Based on the substrate, the market is classified into metal, rigid plastic, glass, liquid cartons, paper-based containers, flexible packaging, and others. The metal segment is divided into metal beverage can, metal food can, metal aerosol can, metal tins, aluminum trays, collapsible metal tubes, and other metals. Based on application, the market is divided into food cans, beverage cans, caps & closures, aerosols and tubes, industrial packaging, promotional packaging, and specialty packaging. Based on end-user, the market is divided into food & beverages, cosmetics, pharmaceuticals, consumer electronics, and automotive components. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is analyzed across the U.S., Canada, and Mexico. In Europe, the market is analyzed across UK, Germany, France, Spain, Italy, and the other parts of Europe. In Asia-Pacific, the packaging coatings market analysis covers China, Japan, India, and the rest of Asia-Pacific. In LAMEA, the market analysis covers South Africa, Brazil, Turkey, and the rest of LAMEA.
Soft Touch UV-Curable & Urethane
Metal Beverage Can
Metal Food Can
Metal Aerosol Can
Collapsible Metal Tubes
Caps & Closures
Aerosols & Tubes
Food & Beverages
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Key Market Players:
The report also includes a discussion of the key market players operating in the packaging coatings market. It includes the general overview of the companies as well as information about their financial segments and recent developments. They include 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, Wacker Chemie AG, Allnex Belgium SA/NV, and FlintGroup.
Key Benefits from the Report:
The packaging coatings market report provides an in-depth study on the overall industry covering the packaging coatings market size, packaging coatings market share analysis, key market segments, market trends, market drivers and restraints, packaging coatings market outlook, Porter’s analysis, packaging coatings industry statistics, market forecast, and company profiles. The report covers the current market scenario, market landscape, and growth prospects of the packaging coatings market over the coming years. The market size tells about the overall potential of the industry. The market share analysis helps determine how the players are performing as compared to their competitors. The market dynamics which includes the drivers and restraints determine the rise and slowdown of the market. The packaging coatings market forecast is based on the current and past market trends. The Porter’s analysis includes the five forces that help determine the level of competition existing in the industry. It highlights the potency of buyers and suppliers to allow stakeholders to make wise business decisions and fortify their supplier-buyer network. The report provides an extensive analysis of the current packaging coatings market trends and estimations of the entire industry.
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