Press release
Functional Packaging Coatings Market | BASF SE, SAES Getters S.p.A, Michelman Inc., Stora Enso, Solvay
Functional Packaging Coatings Market
Rising consumer demand of food and personal care products having functional packaging options, attributed to properties offered by functional packaging, is expected to drive the growth of functional packaging coatings market over the forecast period.
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Market Taxonomy:
On the basis of coating type, the global functional packaging coatings market is segmented into:
Polymers
PVdC
EVOH
Others (PVOH and Others)
Aluminum Oxide
Silicone
Others (Bio-based Coatings, Wax, and Others)
On the basis of product type, the global functional packaging coatings market is segmented into:
Water-based/borne
Solvent-based
Others (Solid Primers, UV Cured, and Others)
On the basis of application, the global functional packaging coatings market is segmented into:
Food Packaging
Beverage Packaging
Beauty & Personal Care Products Packaging
Home Care Products Packaging
Others (Pharmaceutical Packaging and Others)
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Market Outlook:
Among regions, Asia Pacific is expected to witness significant growth over the forecast period in global functional packaging coatings market, owing to growing flexible packaging industry in the region. Functional coatings are applied on flexible packaging such as pouches used for packaging of food as well as personal care products.
Moreover, increasing investments by players operating in flexible packaging industry in countries such as India and China, in turn are expected to drive demand for functional packaging coatings in the region over the forecast period. For instance, in October 2016, Huhtamaki PPL Limited, which offers various packaging solutions, announced its plans of investing around US$ 9.0 million for expansion of its flexible packaging and labels businesses in India.
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