Sales Of Packaging Coating To Reach US$ 6.8 Billion By The End Of 2033

According to Fact.analysis, MR's the global packaging coating market is projected to reach US$ 3.5 billion in 2023 and US$ 6.8 billion by the end of 2033, growing at a CAGR of 6.8%. Metal cans, plastic tubes, and other substrates used in packaging can all benefit from coatings for performance, decoration, and protection.

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The Packaging Coating Market research provides a comprehensive overview of the market, outlining many aspects of market analysis, product description, market segmentation, important advancements, and the current vendor landscape. This market research study ranks the key market segments and sub-segments and analyses the market structure in great detail. Several trustworthy sources, including journals, websites, annual reports of the firms, white papers, and mergers, were used to compile the data and information mentioned in this market analysis. Using the findings of the Packaging Coating Market research report, the client can more clearly comprehend the main market drivers and restraints.

Coating for Packaging Customers' needs were primarily taken into consideration when creating this market study research, which will help them increase their return on investment (ROI). This research study also takes into account a number of industry verticals, including business profiles, manufacturer contacts, product specifics, geographical reach, production value, market structures, recent advancements, revenue analyses, market shares, and potential sales volumes of the company. The report's data, information, statistics, facts, and figures assist the market in maximising or lowering the offerings based on the demand environment.

The major regions-North America, Latin America, Europe, and East Asia-as well as the nations that contribute the most to each region are described in the Packaging Coating Market report.

Key Takeaways from Market Study
• North America accounted for a major chunk of the market at over 27% market share.
• The U.S. is projected to create an incremental opportunity of over US$ 450 million during 2021-2031.
• Europe's market for packaging coatings is likely to be the second-largest market during the forecast period.
• Fluoropolymer coatings are likely to be one of the highly preferred packaging coating types. Towards the end of 2031, fluropolymer coatings are estimated to reach close to US$ 690 million in revenue.
• Polyester coatings are also expected to experience robust demand growth during 2021-2031.
"Food packaging to provide strong demand growth for packaging coatings," says a Fact.MR analyst.

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Competitive Landscape as per Packaging Coating Industry Research

According to Fact.MR's market research analysis, DuPont, Solvay S.A., Nippon paint, Kansai Paints, Evonik Industries, BASF SE, Sherwin Williams, AkzoNobel, and PPG Industries are identified as key packaging coating manufacturers. Majority of the companies discussed in the report have focused on expansion, investments, acquisitions, delivery, portfolio expansion, and brand development.
• DIC Corporation in 2019 acquired BASF's global pigment business segment which used to be known as BASF Colors & Effects. The acquisition widened the product portfolio of DIC Corporation. As a global manufacturer of pigments including those of coatings and inks, the company offers range of versatile solution to the consumers.
• Ardagh Group, a leading metal can manufacturer on April, 2019 announced the expansion of their production facility in Brazil by looking into the growing demand for aluminum packaging.
• In 2019, a North American company named Crown Beverage Packaging developed a new graphic studio for beverage cans. The Aim of the development was to attract customer through visual graphics designs.
• In September 2017, Akzonobel acquired a French manufacturer named Disa Technology, the acquisition between both the companies made a great global footprint by supplying innovative performance coatings.
Similarly, recent developments related to companies manufacturing packaging coatings have been tracked by the team at Fact.MR, which are available in the full report.
What insights does the Packaging Coating Market report provide to the readers?
• Packaging Coating Market fragmentation on the basis of product type, end use, and region.
• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
• Collaborations, R&D projects, acquisitions, and product launches of each Packaging Coating Market
• Various regulations imposed by the governments on the consumption of Packaging Coating Market in detail.

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Market Segments Covered in Packaging Coatings Industry Analysis

• By Coating Type
o Acrylic
o Epoxy Thermoset
o Fluoropolymer
o Plastisol
o Polyester
o Polyurethane
o Others
• By Packaging Type
o Metal Can
o PET Bottles
o Glass
o Flexible Plastic
o Rigid Plastic
o Liquid Carton
o Others
• By End-Use
o Food & Beverage
o Consumer Product
o Chemical
o Paint and Coating
o Industrial Product
o Semiconductor and Electronics
o Others
• By Technology
o Coil & Sheet
o Roll
o Spray
o Functional

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