Packaging Coatings market growth policies as well as plans are discussed and cost structures and manufacturing processes are also studied in the report. This study also includes import/export consumption, cost, price, supply & demand Figures, revenue, and gross margins.
Global Packaging Coatings Market research report study analyses market advancement analysis, concentration, and scope of development across the region. Players can use the accurate market facts and figures and statistical studies provided in the report to understand the current and future growth of the global Packaging Coatings market.Packaging Coatings Market research report 2022 has been prepared by professional and experienced market analysts and researchers. It is a phenomenal compilation of important studies that explore the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the global Packaging Coatings market. The key factors such as market size, revenue analysis, market value, and quantity are explained.
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Description about Packaging Coatings Market:
Packaging coatings are special coatings used on the interiors and exteriors of packages for long-term preservation of content inside and safe storage, transportation, or simple enhancement of the package aesthetics. It is an area that requires high technology as the functionality for long-term storing of contents, especially inside food cans, is very important for customer health. According to Researcher, the global packaging coatings market is expected to witness growth at a significant rate during the forecast period. The market for packaging coatings was found to be driven by the gradual and consistent growth in the global packaging industry and increasing production of PET bottles. However, the market growth is expected to be hindered by the presence of strict regulations on the usage and production of packaging coatings for various applications.
Epoxy, acrylic, phenolic, amino, vinyl, polyurethane, and polyester are some of the resins used as packaging coatings. Many FMCG products get their value from the packaging industry. The demand for packaging coatings, especially acrylic resins, contributes significantly to the growth of the packaging coatings market for their desirable properties. The lifestyle change positively influences the consumption of packaged food items, consequently expanding the global packaging coatings market. Eco-friendly coatings are further expected to drive the global packaging coatings market. Apart from the food industry, other industries like personal care, healthcare, and chemical also consume packaging coatings for the functional as well as aesthetic aspects these coatings possess. Flexible packaging is a growing sector that uses packaging coatings in the forecast period.
In recent years, the global packaging industry has witnessed steady growth owing to the technological innovations and changes in the consumers’ behavior towards the overall aesthetics and protection of the packaged goods. The major disruptions were observed in the Asia-Pacific region compared to other regions. The growth in the economies in the region, especially China and India, has driven the growth in demand for packaging. All the end-user industries that utilize packaging and packaging coatings are well-settled in the region, giving scope for continuous demand. In 2019, the global packaging industry stood at USD 917 billion. In 2020, the packaging industry witnesses around 10% growth owing to the greater demand for plastic packaging in healthcare and pharmaceutical industries due to the ongoing COVID-19 pandemic. In order to tackle the ban on single-use plastics and various regulations, the industry has gradually moved towards more innovative and eco-friendly packaging solutions. The major segment within the global packaging industry is paper and board, which accounts for about 34% of the market. Rigid and flexible plastic accounts for about 17% and 22%, respectively. Metal owns a share of 11%, and glass occupies about 6%.
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The global packaging industry is anticipated to reach USD 1 trillion by the end of 2024. Currently, Asia-Pacific is the largest market in terms of geography and accounts for about 40% of the global packaging consumption. This is followed by North America and Western Europe with shares of about 22% and 20% respectively. The packaging industry is being benefitted from the rising incomes, growth in population, rising urbanization, and the growth in the retail infrastructure in the developing countries in regions such as Asia, Africa, and Eastern Europe, among others. Globally, North America, Western Europe are anticipated to witness sluggish growth in the packaging industry owing to relatively high maturity compared to other regions. Asia-Pacific and MEA (Middle East and Africa) are likely to witness significant investments and revenue generation in the packaging industry. This ongoing growth is driving the growth in the consumption of packaging materials that comes with packaging coatings. This trend is likely to propel the demand for packaging coatings during the forecast period.
Battelle and Mondelez International have co-developed an innovative new technology for reclosable packaging known as a low-tack adhesive (LTA) that offers better usability for consumers and provides a cost-competitive innovation for packaging manufacturers. Both the companies completed a seven-year process of analysis, formulation, and testing of the product to perfect the synthetic blend that makes LTA effective and compatible with a vast array of manufacturing processes. Unlike conventional pressure-sensitive adhesives, LTA is not tacky or messy. It does not collect crumbs, dust, or other product pieces that render traditional adhesives ineffective. LTA is also less expensive and easier to manufacture than other reclosable packaging solutions, such as zippers.
The global Packaging Coatings market is segmented on the basis of Resin and Application. The Application segment is further segmented as Aerosol and Tubes, Beverage Cans, Caps and Closures, Food Cans, Industrial and Specialty Packaging, and Others. In terms of resin, epoxy type dominates the global packaging coatings market. However, due to its proven toxic nature, it is being replaced by alternatives.
Beverage cans are typically coated with organic layers that prevent the contact of beverage with can and also avoid chemical reaction between can’s metal and the beverage. In recent times, epoxy-based coatings were the preferred type among can beverage manufacturers. However, due to its toxic nature, it has been replaced by alternative resin-based coatings. Different resins that can be employed to coat can beverages include oleoresins, vinyl, phenolic, acrylic, polyester, and polyolefins, among others. The global demand for beverages can stand around 350 billion units in 2019. The demand for these cans is significant in both developed and emerging markets. The global beverage can demand has been witnessing an average growth of 3% in recent years. The market for beverage cans is being driven majorly by Southeast Asia and Brazil. During 2019, there was also a noticeable growth in demand for beverage cans in a mature market like North America. Currently, North America is the largest market for beverage cans, with more than 97 billion units shipped in 2019.
The growth in the market for beverage cans is being driven by evolving lifestyles. The change in lifestyles is altering the places and the ways in which people enjoy their drinks and making convenient packaging a mandatory feature. Consumers are prioritizing artisan aesthetics and health benefits while also aligning with brands. Apart from the regular drinks that comes in packaged cans such as carbonated soft drinks and premium beer, niche categories such as flavored waters, flavored malt beverages, craft beer, and adult carbonated beverages are also being launched in packaged can forms. This is surging the demand for beverage cans globally. Can is the preferred format for new launches in North America. Around 70% of the new launches are being launched in cans’ forms. Due to this, beverage cans continue to gain preference among brand owners and consumers. The U.S. and Canadian beverage can market witnessed a recent market growth due to the introduction of new beverage products in cans compared to other formats. The recyclability of the beverage cans is also another factor that is driving the demand across the globe. Major players in the global beverage cans market include Ball Corporation, Crown Holdings, and Ardagh Group, among others.
Based on geography, the global Packaging Coatings Market is segmented into Asia-Pacific, North America, South America, Europe, and Middle East and Africa. Asia-Pacific was found to be the most dominating region in the global packaging coatings market. Growing economies as that of the Indian and Chinese economies are the biggest factors in keeping Asia-Pacific ahead of other regions. Appeal for flexible and decorative packaging has been the popular reason for the packaging coatings consumption here. The rapid growth of e-commerce and packaged food consumption also helps the regional packaging coatings market hold the first position.
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Germany’s GDP was worth USD 3.845 trillion in 2019, representing about 3.17% of the world economy. By the end of 2020, Germany’s GDP is anticipated to reach USD 3.4 trillion, with an estimated value of USD 3.7 trillion in 2021 and 4 trillion in 2022. The food industry in Germany represents the third-largest processing industry in Germany. Products like highly processed ingredients, dried fruits, bakery products, and seafood have high potential in the German market. With around 83 million of the world’s wealthiest consumers, Germany is the biggest market for food and beverages in the European Union. Germany is the home for about 6,000 food processing companies, and the food processing sector accounts for around 6% of the German GDP. The ongoing COVID-19 pandemic has increased awareness among consumers, leading to growth in the organic packaged food market. The rise in the consumption of organic dairy products is one of the primary growth factors for the organic packaged food market in Germany. Moreover, increasing health awareness about the health benefits of organic milk has encouraged the consumption of organic dairy products.
Germany is also the best international location for the research, production, and distribution of pharmaceuticals at an exceptionally high level. Germany is one of the most mature eCommerce markets in Europe. Nearly 88% of Germans use online shopping for their purchases. This gives a lot of opportunities to brands and online stores. German packaging coating market is the largest in the region owing to the large presence of end-user industries and matured packaging industry in the country. The market for packaging coatings in the country is expected to grow at a moderate rate during the forecast period.
The global packaging coatings market is consolidated. The major key players in the global market include Akzo Nobel, PPG Industries, Sherwin-Williams Company, Henkel, and Jotun, among others.
Our Global Packaging Coatings market report provides deep insight into the current and future state of the Packaging Coatings market across various regions. Also, the study comprehensively analyzes the Packaging Coatings market by segments based on the resin (Acrylics, Epoxies, Polyester, Polyolefins, and Polyurethane), by application (Aerosol and Tubes, Beverage Cans, Caps and Closures, Food Cans, Industrial and Specialty Packaging, and other applications), and by Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 are influencing the market growth in detail. The study covers and includes emerging market trend, market developments, market opportunities, market size, market analysis, market estimates, market dynamics, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market share and projects.
Packaging Coatings Market research report explores the across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Packaging Coatings Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Packaging Coatings.
The Packaging Coatings Market Top industry players, revenue analysis, and sales margin are also explained. The report also covers raw materials analysis, production and consumption specifications. Besides, the report also covers geographical segmentation for Packaging Coatings market. The SWOT analysis, the growth rate for each type and application is covered. A forecast global Packaging Coatings market perspective will lead to valuable business plans and strategic moves.
Key Questions the Report Answers:
- What are the major factors affecting the Packaging Coatings industry in 2022 and beyond?
- Will the Packaging Coatings sector change its approach to air freight and adopt that seen in the sector?
- How will key trends impact various Packaging Coatings segments?
- How has Covid-19 impacted Packaging Coatings market size? And how has each region been impacted during the course of 2022?
- What impact will a shift to a Circular Economy have on global trade?
- What strategies and technologies are the top Packaging Coatings manufacturers adopting in response to the challenges faced within the industry?
This report provides detail analysis of the market and have a comprehensive understanding of the Packaging Coatings market and its commercial landscape. Learn about the various market strategies that are being adopted by leading companies.It provides a five-year forecast assessed based on how the Packaging Coatings market is predicted to grow.It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.To understand the future scope and outlooks for the Packaging Coatings market.Packaging Coatings Market Forecast by regions, type and application, with sales and revenue, from 2022.Packaging Coatings Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
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Detailed TOC of Global Syngas Market Outlook to 2026
1 Executive Summary
2 Research Scope and Methodology
2.1 Aim and Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3 Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends and Developments
3.4 Market Opportunities
3.5 Raw Material Analysis
3.6 Regulatory Policies
4 Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5 Market Segmentation and Forecast
5.1 By Type
5.4 By Application
6 Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Russia
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
7 Key Company Profiles
8 Competitive Landscape
8.1 List of Notable Players in the Market
8.2 MandA, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9 Conclusions and Recommendations
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