Global Packaging Coatings Market 2017-2021

Overview of the global packaging coatings market

According to Technavio’s research analysis, growth in the packaging industry will be one of the major factors that will have a positive impact on the global packaging coatings market during the forecast period. The packaging consists materials to wrap, store, protect, and display a range of goods. Substrates such as paper and board, plastic film, foil, rigid plastic, flexible plastic, glass, metal, wood, and textiles are used in the production of food packaging materials. The packaging coating offers moisture and chemical resistance, strength, and durability to the packaging material. The rising utilization of packaging will boost the demand for packaging coating during the forecast period. Our analysts have predicted that this market will grow at a CAGR of almost 5% by 2021.

APAC will be the key revenue contributor of the packaging coatings market throughout the forecast period. The rising demand for food and beverages, electronics, and cosmetics will boost the market’s growth prospects in this region. Countries such as India, China, Japan, Indonesia, the Philippines, and South Korea are the top consumers of packaging coatings in APAC.

Competitive landscape and key vendors  

The packaging coatings market consists of many major and regional vendors. The rising industrialization and urbanization rates in developing countries such as India, Brazil, Mexico, Indonesia, and China have raised the entry and growth rate of domestic packaging coatings manufacturers. The competition among the key packaging coatings manufacturers is mainly based on factors such as price, economies of scale, operational cost, product quality, and innovation.

The leading vendors in the market are-

• Akzo Nobel
• Arkema
• PPG Industries
• The Sherwin-Williams Company
• Wacker Chemie

The other prominent vendors in the market are allnex group, ALTANA, Axalta Coating Systems, BASF, Endura coating, Evonik Industries, KANSAI PAINT, Mantrose-Haeuser, Michelman, Sun Coating, The Dow Chemical Company, and VPL Coatings.

Segmentation by substrate and analysis of the packaging coatings market

• Paper and board
• Metal packaging
• Flexible packaging
• Rigid packaging

During 2016, the paper and board substrate segment accounted for the major shares of the packaging coatings market. Factors such as the rising requirement for corrugated boxes, paper bags, labels, wrappers, and cartons will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the packaging coatings market

• Food
• Beverages
• Pharmaceutical
• Personal care

According to this market research report, the food end-user segment will account for the maximum share of the packaging coatings market until 2021. The rising requirement for flexible, rigid, and paper and board packaging to pack food and the rising consumer demand for raw and processed foods will drive the demand for packaging coatings in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global packaging coatings market?
• What are the key market trends impacting the growth of the global packaging coatings market?
• What are the challenges to market growth?
• Who are the key vendors in the global packaging coatings market?
• What are the market opportunities and threats faced by the vendors in the global packaging coatings market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global packaging coatings market?

Technavio also offers customization on reports based on specific client requirement.