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.
Portland, OR -- (SBWIRE) -- 01/04/2018 -- he global market was valued at $2587.0 million in 2014 and is likely to garner $3970.7 million in 2025, growing at a CAGR of 4.41% during the forecast period, 2018-2025 according to Progressive Markets report, Packaging Coatings Market Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.
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The report provides an overall review of the packaging coatings industry, covering the packaging coatings market size, packaging coatings market share analysis, packaging coatings market trends, market dynamics, market forecast, Porters analysis, key industry segments, and company profiles. The report provides up-to-date information to help monitor performance and make wise business decisions for growth and profitability. It is a useful tool for market players, investors, shareholders, and new entrants. It helps evaluate the market, highlighting opportunities in the space and supporting tactical and strategic decision making.
The report provides an executive summary of the global packaging coatings industry to help market players and new entrants understand the overall market status. Key findings are outlined in the report to help market players determine investment viability. The competitive landscape is offered to assist industry players to determine the level of competitiveness within the industry and take steps to gain a competitive edge.
The market landscape of the packaging coatings market is provided in terms of the growth drivers, restraints and opportunities, Porters Five Forces analysis, and market share analysis. The rise and fall of the packaging coatings industry are dependent on the drivers and restraints. The drivers lead to the growth of the market while the restraints limit the growth of the market. Factors such as the use of packaging coatings in the developing economies, the growing demand for flexible packaging, and the fast growth of the e-commerce industry are driving the growth of the industry. Furthermore, the growing 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 hindering the growth of the packaging coatings industry.
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The report offers a detailed segmentation of the global packaging coatings market based on 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. The UV-curable segment and is expected to grow at a CAGR of 4.89% and the BPA Free sector is expected to grow at a CAGR of 5.09% during the forecast period. Based on the substrate, the market is classified into metal, rigid plastic, glass, liquid cartons, paper-based containers, flexible packaging, and others. The liquid cartons segment is likely to grow at a CAGR of 6.59% from 2018 to 2025. 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. The food can segment is likely to garner $1054.2 million in 2025. 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. The food & beverages segment is likely to garner $2204.2 million in 2025. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is studied in 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.
The leading players in the Global Packaging Coatings Market are:
* 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
A more detailed analysis is available in the Progressive Markets report titled, 'Packaging Coatings Market 2018- 2025'. Progressive Markets also customizes reports by other regions and specific segments upon request.
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