Covina, April 18, 2022 (GLOBE NEWSWIRE) -- Every manufacturing process necessitates the use of packaging which drives the market of packaging coating. Packaging is receiving special attention from manufacturers and packers in order to ensure product safety, supply chain efficiency, sales promotion, and customer convenience. As a result, packaging coatings play an important role in refining the packing process in order to achieve the above-mentioned characteristics. Packaging coatings not only improve the package process by adding protection, corrosion resistance, and a variety of chemical properties, but they also improve the overall aesthetics of the packaging form. The worldwide packaging coatings industry is expected to profit from the rising application areas of packaging. The food and beverage sector, which is a prominent application area for the worldwide packaging coating market, is expected to grow as a result of changing lifestyles and eating habits. The rise in PET bottle usage and production is expected to be a major growth driver for the worldwide packaging coating industry.
Region Analysis:
Due to the rise in food packaging methods, particularly in the can segment, North America is expected to be the largest market for global packaging coatings. Due to rising demand for packaging coatings in the packaged food and consumer products industries in the area, Asia is expected to contribute considerably to the global packaging coatings market's growth in the coming years. After Asia Pacific, Latin America is expected to be the largest consumer of packaging coatings. The market in Latin America is projected to be followed by the market in Europe. In the worldwide packaging coatings industry, the Middle East and Africa market is expected to grow slowly.
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Key Development:
- Crown Beverage Packaging, a North American corporation, launched a new graphic studio for beverage cans in 2019. The goal of the project was to use visual graphics to attract customers.
- In September 2017, Akzonobel bought Disa Technology, a French business. Together, the two companies created a global footprint by offering novel performance coatings.
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Segmentation:
Global Packaging Coating Market accounted for US$ 3331.9 million in 2020 and is estimated to be US$ 5141.37 million by 2030 and is anticipated to register a CAGR of 4.50%. The Global Packaging Coating Market is segmented by Type, Substrate, Application, End-User and Region.
- By Type, the Global Packaging Coating Market is segmented into Epoxy Thermoset, Urethane, UV-Curable, BPA Free, and Soft Touch UV-Curable & Urethane.
- By Substrate, the Global Packaging Coating Market is segmented into Metal, Rigid Plastic, Glass, Liquid Cartons, Paper-based Containers, Flexible Packaging, and Others.
- By Application, the Global Packaging Coating Market is classified into Food Cans, Beverage Cans, Caps & Closures, Aerosols & Tubes, Industrial Packaging, Promotional Packaging, and Specialty Packaging.
- By End-Use Industry, the Global Packaging Coating Market is classified into Food & Beverages, Cosmetics, Pharmaceuticals, Consumer Electronics, and Automotive Components.
- By region, the Global Packaging Coating Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Analysis:
Key players operating in the Global Packaging Coating Market includes PPG Industries, Inc., The Valspar Corporation. , Akzo Nobel N.V., Allnex Belgium SA/NV, Wacker Chemie AG, BASF SE, ARKEMA GROUP, Axalta Coating Systems, LLC, W. R. Grace and Company, The Dow Chemical Company, Mantrose-Haeuser Co., Inc., and Sun Coating Company.
Scope of the Report:
- Global Packaging Coating Market , By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Epoxy Thermoset
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Urethane
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- UV-Curable
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- BPA Free
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Soft Touch UV-Curable & Urethane
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Packaging Coating Market , By Substrate, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Metal
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Rigid Plastics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Glass
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Liquid Cartons
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Paper-Based Containers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Flexible Packaging
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Packaging Coating Market , By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Food Cans
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Beverage Cans
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Caps & Closures
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Aerosols & Tubes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Industrial Packaging
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Promotional Packaging
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Specialty Packaging
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Packaging Coating Market , By End-Use Industry, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Cosmetics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive Components
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
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Following are some of the key points answered in this market report:
- Describe a product portfolio review, including product development, planning, and positioning
- Describes the details of key operational strategies, focusing on R&D strategy, company structure, localization strategy, manufacturing capabilities, and financial performance of various companies.
- Detailed analysis of market earnings over the forecast period.
- Examine various market prospects using Porter's Five Forces Analysis, PEST and SWOT analysis.
- Examine the segments that are expected to dominate the market.
- Study the regional analysis that is expected to record the highest growth during the forecast period.
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