The modern-day document posted via Report Ocean, titled “Packaging Coatings Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The packaging coating market was valued at $2,830 million in 2016, and is expected to reach $3,865 million by 2023, registering a CAGR of 4.6% from 2017 to 2023. Packaging may be defined as an economical means of providing presentation, protection, identification, containment, convenience, and compliance for a product during storage, transportation, display, and usage. Packaging coatings are considered as special materials meant for protection and embellishment of packaging associated with beverages, food, aerosol & paint cans, and metal closures.
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The distinctive characteristics of these materials include adherence with various substrates such as metal & plastics, high chemical resistance, corrosion resistance, and non-toxic nature towards humans, and others. Packaging coatings are increasingly embraced in various industries as they provide critical functionality to complex packaging structures of different types of products. Moreover, packaging manufacturers are now concerned about product safety and customer satisfaction. Thus, coatings play a major role in addressing the aforementioned aspects.
The increase in application areas of packaging coatings is the primary factor that fuels the growth of the market. Globalization, changes in lifestyles, and food habits lead to the growth of the food & beverage industry, which is a major end-use industry for the global packaging coatings market. In addition, a rise in the consumption and manufacture of PET bottles also leads to the market growth. In the food & beverage industry, the need to maintain food quality and taste as well as keep a check on contamination urges manufacturers to use packaging coatings, which in turn provide an impetus for the market growth. In addition, the rapid rise in e-commerce industry further fuels the market. However, stringent environmental regulations on packaging safety, majorly in the food & beverage industry are expected to restrict the growth of the market. Furthermore, increase in health concerns and awareness among leading players and end users regarding the side-effects of chemicals used in coatings of cans and bottles is expected to hamper the growth of the market.
The global packaging coatings market is segmented by type, substrate, application, end user, and geography. By type, it is classified into epoxy thermoset, urethane, UV-curable, BPA free, and soft touch UV-curable & urethane. By substrate, it is categorized into metal, rigid plastic, glass, liquid cartons, paper-based containers, flexible packaging, and others. By application, it is analyzed across food cans, beverage cans, caps & closures, aerosols & tubes, industrial packaging, promotional packaging, and specialty packaging segments. By end user, the market is divided into food & beverages, cosmetics, pharmaceuticals, consumer electronics, and automotive components. By geography, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS:
This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global packaging coatings market.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Detailed analysis of the industry based on the type and application help understand the trending product type and potential applications.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the market framework.
Comprehensive competitive analysis and profiles of major market players in this study are as follows:
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
FlintGroup.
OTHER KEY PLAYERS
ALTANA
Brancher
ColorMatrix
CROMOS TINTAS GRAFICAS
Dainichiseika Color & Chemicals Manufacturing
DIC
Encres Dubuit
Environmental Inks and Coatings
Kansai Paint
Nippon Paint
Sakata
Siegwerk Druckfarben
T&K TOKA
Toyo Ink
Wikoff Color
Zeller+Gmelin
KEY MARKET SEGMENTS
By Type
Epoxy Thermoset
Urethane
UV-Curable
BPA Free
Soft Touch UV-Curable & Urethane
By Substrate
Metal
Metal Beverage Can
Metal Food Can
Metal Aerosol Can
Metal Tins
Aluminum Trays
Collapsible Metal Tubes
Other Metal
Rigid Plastic
Glass
Liquid Cartons
Paper-based Containers
Flexible Packaging
Others
By Application
Food Cans
Beverage Cans
Caps & Closures
Aerosols & Tubes
Industrial Packaging
Promotional Packaging
Specialty Packaging
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By End User
Food & Beverages
Cosmetics
Pharmaceuticals
Consumer Electronics
Automotive Components
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Italy
France
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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