Product Code: SR112024A1833
The global packaging coatings market size reached US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
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 2024-2032. 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
- 1. What was the size of the global packaging coatings market in 2023?
- 2. What is the expected growth rate of the global packaging coatings market during 2024-2032?
- 3. What are the key factors driving the global packaging coatings market?
- 4. What has been the impact of COVID-19 on the global packaging coatings market?
- 5. What is the breakup of the global packaging coatings market based on the substrate?
- 6. What is the breakup of the global packaging coatings market based on the resin?
- 7. What is the breakup of the global packaging coatings market based on the formulation?
- 8. What is the breakup of the global packaging coatings market based on the application?
- 9. What are the key regions in the global packaging coatings market?
- 10. Who are the key players/companies in the global packaging coatings 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