The purpose of this comprehensive forecast report presented by FactMR is to elaborate the various market projections impacting the global packaging coating market size during the period through 2017-2022. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the packaging coating market during the forecast period.
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The packaged food and beverages industry is one of the key end-use industries that has been influenced by the changing dynamics of the packaging coating market. The differing consumer demand for preservation of taste, aroma, and nutrition across a wide variety of food products has been defining product developments in the packaging coating market. Several prominent providers of packaging coating applications are engaged in extensively testing new technologies for food and beverages packaging. This has accelerated the development of better functional coatings for various types of packaging materials, such as improvements in acrylic coatings, which is fueling the expansion of the packaging coating market. The end-use industry is projected to reach worth of US$400 Mn by the end of 2022 end, rising at a substantial CAGR. The segment is expected to garner the dominant revenue growth in the global packaging coating market. Meanwhile, the industrial product segment is prognosticated to garner the most attractive CAGR during 2017–2022.
Evolving Demand in Construction Industry to see New Varieties of Water-proof and Corrosion-resistant Packaging Coatings
A range of packaging coating is gaining popularity for meeting the needs for durability and resistance of architectural membranes in the building and construction industry. The rising demand for better packaging coatings that can impart protection for aluminum coils and steel materials is a notable factor bringing improved products in the packaging coatings market. The growing popularity of energy-efficient as well as aesthetically pleasing roofs for modern buildings is also fueling the expansion of the packaging coatings market. The growing use of metal roof coatings based on fluoropolymers to ensure the benefits of UV and chemical resistance is a promising development in the packaging coating market for the construction end-use industry. The rising use of thermoplastics in the construction machinery used such as power tools, gear wheels, and cupboard hinges is bolstering the uptake of protective packaging coating in the industry.
Over the past few decades, packaging has undergone several exciting transformations in end-use industries with respect to the broad functionality and aesthetics demands packaging applications are expected to meet. These shifts have been influenced by the changing demands for safety and protection for a variety of packaging types in various horizontal verticals, including food and beverages, consumer product, chemical packaging, paints and coating, semiconductor and electronics, and industrial product. The rapid evolution made by the packaging coating market is increasingly underpinned by these changes. The advent of new packaging coating technologies and emerging needs of end-use industry verticals will present new avenues in the packaging coating market.
Additional Questions Answered
The analyses in the report are aimed at offering clear and uncluttered views and evidence-based insights on pertinent aspects of the evolution trajectories of the packaging coatings market. Some of the crucial questions the research shines light on are:
- What trends are expected to subsist the burgeoning demand for acrylic type in the packaging coatings market?
- What are the trends that will bolster the uptake of packaging coatings in the food and beverages industry?
- Which new developments and innovations in the packaging in the food and beverages sector will contribute to lucrative avenues in the packaging coating market?
- Among the various packaging types, what are the factors that will keep flexible plastics demand relatively higher in the global packaging coatings market?
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Assessment of Strategic Landscape of Packaging Coating Market
Some of the prominent players who will garner increased attention of stakeholders over the coming years are Axalta Coating Systems, DuPont, Solvay S.A., Nippon paint, Kansai Paints, Evonik Industries, BASF SE, Sherwin Williams, AkzoNobel, and PPG Industries.
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