Packaging Inks and Coatings Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Packaging Inks and Coatings Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $6.28 billion In 2028 At A CAGR Of 6% :

The packaging inks and coatings market size has grown strongly in recent years. It will grow from $4.68 billion in 2023 to $4.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to development of new printing technologies and coating formulations, evolving environmental and safety regulations, growing awareness and demand for sustainable and eco-friendly packaging solutions, increasing global movement of goods.

The packaging inks and coatings market size is expected to see strong growth in the next few years. It will grow to $6.28 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing demand for sustainable and eco-friendly packaging solutions, growing preference for digital printing technologies in the packaging industry, rising awareness and adherence to stringent regulatory requirements for food and pharmaceutical packaging, expanding e-commerce activities, continuous advancements in packaging materials and technologies. Major trends in the forecast period include increased emphasis on sustainable inks and coatings, advancements in uv-curable inks, smart packaging integration.

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Packaging Inks and Coatings Market Major Segments
The packaging inks and coatings market covered in this report is segmented -

1) By Type: Flexible Plastic, Rigid Plastic, Metal, Paper
2) By Application: Advertising, Electronic, Retail, Other Applications
3) By End-user: Cosmetics, Food And Beverage, Pharmaceuticals, Industrial, Other End-Users

Key Driver - E-commerce In Driving Growth In The Packaging Ink And Coating Market

The growing popularity of e-commerce is expected to propel the growth of the packaging ink and coatings market going forward. E-commerce refers to the buying and selling of goods and services over the Internet, encompassing online retail platforms, digital payment systems, and electronic transactions. Packaging inks and coatings in e-commerce are primarily used to ensure product protection, brand visibility, and consumer satisfaction through durable and visually appealing packaging solutions. For instance, in November 2023, according to the US Census Bureau, a US-based Department of Commerce, US retail e-commerce sales reached approximately $271.7 billion in the third quarter of 2023, showing a 0.9% growth from the previous quarter. Further, E-commerce sales accounted for 14.9% of total sales in the third quarter of 2023. Therefore, the growing popularity of e-commerce is driving the growth of the packaging ink and coatings market.

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Prominent Trend - Increasing Emphasis On Solvent-Based Inks In The Packaging Industry

Major companies operating in the packaging ink and coatings market are increasing its focus on introducing solvent-based ink to gain a competitive edge in the market. The solvent-based ink is a printing ink formulation that uses organic solvents as the liquid carrier or vehicle. For instance, in September 2021, Flint Group US LLC, a US-based manufacturer of conventional and UV printing inks, launched its ONECode solvent-based ink and coating range for flexible packaging in Europe. As part of this range, the company introduced ONECode Universal Bases, which are designed to provide the ultimate print flexibility and efficiency in the gravure print process. By simplifying the flexible packaging printing process, improving print quality, and reducing ink consumption and waste, the ONECode range aims to make the printing process more efficient.

Packaging Inks and Coatings Market Players
Major companies operating in the packaging inks and coatings market report are Fujifilm Corporation, PPG Industries Inc., Arkema S.A, Axalta Coatings Systems, Sun Chemical, ALTANA AG, Flint Group, Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Toyo Ink SC Holdings Co. Ltd., Huber Group, Colorcon, T&K TOKA Corporation, Tokyo Printing Ink Mfg. Co. Ltd., Zeller+Gmelin GmbH & Co. KG, Nazdar Company, Wikoff Color Corporation, INX International Ink Co., Marabu GmbH & Co. KG, Epple Druckfarben AG, Doneck Euroflex S.A., Paragon Inks, Van Son Holland Ink Corporation, Pulse Roll Label Products Ltd., BCM Inks, RUCO Druckfarben

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Largest And Fastest Growing Region In The Market
North America was the largest region in the packaging inks and coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging inks and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Packaging Inks and Coatings Market Report Structure
3. Packaging Inks and Coatings Market Trends And Strategies
4. Packaging Inks and Coatings Market - Macro Economic Scenario
5. Packaging Inks and Coatings Market Size And Growth
…..
27. Packaging Inks and Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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