The global packaging coating market is expected to witness a moderate growth attributed to increasing demand in the food and beverages, and construction industry. Increasing demand for protective and temperature sensitive packaging is expected to impact growth of the global market positively. This report, compiled by Fact.MR, provides in-depth analysis of the global packaging coating market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global packaging coating market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Packaging coating manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to packaging coating.
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The report provides an overview of the global packaging coating market. This comprises an introduction to the market, along with a standard definition of the product – packaging coating. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global packaging coating market, the report provides updates about market opportunities, which can benefit leading manufacturers of packaging coating. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for packaging coating manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Significant Demand in Food and Beverages Industry
As preference for preservation of taste, smell, and nutritious value of the food products is increasingly, manufacturers witness significant demand for packaging coatings in the food industry. In order to ensure protection from adhesion and corrosion of the food products, manufacturers are using acrylic coatings in the food and beverages packages.
Construction Industry to Impact the Market Growth
Construction industry continues to witness considerable demand for packaging coating in order to protect aluminium coils and steel materials used during construction. Moreover, electronic appliances and roof coatings witness considerable demand in the construction industry. Several construction materials including roof, and electronic appliances need water-proof and anti-corrosion protection. Attributed to growing need for water-proof and corrosion resistance, demand for packaging coating such as acrylic coating is expected to rev up.
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Consumption in the Electronic Industry
Besides construction industry, packaging coating also witnesses considerable demand in the consumer products and electronics industry. With increasing application of thermoplastic materials among the manufacturers of the consumer products, demand for temperature sensitive packaging is expected to increase. Manufacturers prefer packaging consumer products including power tools, gear wheels, and cupboard hinges with acrylic coated packages to provide protection.
Food and Beverages to Represent a Leading Segment
As demand for protective packaging in the construction and electronic industry increases, manufacturers turn to acrylic packaging coating. Acrylic coating as compared to other coatings is expected to witness the highest revenue growth, representing over US$ 400 Mn by the end of 2022. However, fluoropolymer coating is expected to register the highest CAGR in the global market throughout 2022.
Competitive Tracking
Leading market players in the global packaging coating market include PPG, AkzoNobel, Sherwin Williams, BASF SE, Evonik, Kansai Paints, Nippon paint, Solvay, Axalta, and DuPont.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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