Product Code: SR1523A122_Report
The global packaging coatings market size reached US$ 3.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
Packaging coatings refer to various specialized chemical agents that are applied inside or on the surface of packaging products. They are applied to various metal, plastic and paper-based containers, cans, closures, and industrial packaging products. Epoxy resins, acrylic resins, polyester and polyurethane resins, are the most commonly available resins used for packaging coatings. These coatings aid in increasing the product shelf-life and provide additional protection, corrosion resistance and aesthetic appeal. Owing to this, they find extensive applications in the food and beverages, personal care and healthcare industries.
The growing retail and e-commerce industries, along with the rapid industrialization and urbanization across the globe, is one of the key factors driving the growth of the market. There is a growing demand for flexible packaging to store various consumer goods, such as aerosol cans for personal care products, which use coatings to protect the contents. Furthermore, the increasing utilization of acrylic-based coatings is also creating a positive impact on the market. Acrylic variants offer high transparency, durability and resistance to stains, blistering, heat and cracking to various consumer goods products. Additionally, the growing demand for canned food and beverages is also providing a boost to the market growth. Other factors, including the increasing consumer preference for attractive packaging, various technological advancements and extensive research and development (R&D) activities to develop sustainable and more effective packaging coatings, are projected to drive the market further.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global packaging coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on substrate, resin, formulation and application.
Breakup by Substrate:
- Plastic
- Metal
- Paper
- Glass
- Others
Breakup by Resin:
- Epoxy
- Acrylic
- Polyurethane
- Polyester
- Others
Breakup by Formulation:
- Water-Based
- Solvent-Based
- Radiation-Cured
- Powder-Based
Breakup by Application:
- Beverages
- Food Products
- Caps and Closures
- Monobloc and Tubes
- Others
Breakup by Region:
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
Competitive Landscape:
- The competitive landscape of the industry has also been examined with some of the key players being 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 Ltd., etc.
Key Questions Answered in This Report:
- How has the global packaging coatings market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global packaging coatings market?
- What are the key regional markets?
- What is the breakup of the market based on the substrate?
- What is the breakup of the market based on the resin?
- What is the breakup of the market based on the formulation?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global packaging coatings market and who are the key players?
- What is the degree of competition in the market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Packaging Coatings Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Substrate
- 6.1 Plastic
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Metal
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Paper
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Glass
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Resin
- 7.1 Epoxy
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Acrylic
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Polyurethane
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Polyester
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Formulation
- 8.1 Water-Based
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Solvent-Based
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Radiation-Cured
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Powder-Based
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Application
- 9.1 Beverages
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Food Products
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Caps and Closures
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Monobloc and Tubes
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 Europe
- 10.1.1 Germany
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 France
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.3 United Kingdom
- 10.1.3.1 Market Trends
- 10.1.3.2 Market Forecast
- 10.1.4 Italy
- 10.1.4.1 Market Trends
- 10.1.4.2 Market Forecast
- 10.1.5 Spain
- 10.1.5.1 Market Trends
- 10.1.5.2 Market Forecast
- 10.1.6 Russia
- 10.1.6.1 Market Trends
- 10.1.6.2 Market Forecast
- 10.1.7 Others
- 10.1.7.1 Market Trends
- 10.1.7.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 North America
- 10.3.1 United States
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 Canada
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Argentina
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.4 Colombia
- 10.4.4.1 Market Trends
- 10.4.4.2 Market Forecast
- 10.4.5 Chile
- 10.4.5.1 Market Trends
- 10.4.5.2 Market Forecast
- 10.4.6 Peru
- 10.4.6.1 Market Trends
- 10.4.6.2 Market Forecast
- 10.4.7 Others
- 10.4.7.1 Market Trends
- 10.4.7.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Turkey
- 10.5.1.1 Market Trends
- 10.5.1.2 Market Forecast
- 10.5.2 Saudi Arabia
- 10.5.2.1 Market Trends
- 10.5.2.2 Market Forecast
- 10.5.3 Iran
- 10.5.3.1 Market Trends
- 10.5.3.2 Market Forecast
- 10.5.4 United Arab Emirates
- 10.5.4.1 Market Trends
- 10.5.4.2 Market Forecast
- 10.5.5 Others
- 10.5.5.1 Market Trends
- 10.5.5.2 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Akzo Nobel N.V.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Arkema Group
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Axalta Coating Systems LLC
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 BASF SE
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Mantrose-Haeuser Co., Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 PPG Industries, Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Sun Coating Company
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 The Dow Chemical Company
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 SWOT Analysis
- 15.3.9 The Valspar Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Wacker Chemie AG.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis