Packaging Coatings Market Segmentation 2024-2033: Size, Share, and Insights

"The new report published by The Business Research Company, titled "" Packaging Coatings Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the packaging coatings market size has grown strongly in recent years. It will grow from $4.33 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The packaging coatings market size is expected to see strong growth in the next few years. It will grow to $5.71 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.

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E-Commerce Boom Fuels Expansion Of The Packaging Coatings Market
Growing e-commerce activities are expected to propel the growth of the packaging coatings market. E-commerce activities encompass online buying and selling, digital payments, and diverse transaction models, revolutionizing commerce through the Internet. Packaging coatings provide protective, durable, and visually appealing finishes, ensuring the integrity and presentation of products during e-commerce activities. For instance, in November 2023, according to a report published by the U.S. Census Bureau, a division of the United States Department of Commerce, in the third quarter of 2023, retail e-commerce sales in the United States amounted to approximately $284.1 billion, reflecting a growth of 2.3% compared to the second quarter of 2023. Therefore, the rapid growth in e-commerce activities will drive the growth of the packaging coatings market.

Oxygen Barrier Coatings Strengthen Market Presence Through Sustainable Packaging Solutions
Major companies operating in the packaging coatings market are focused on developing innovative eco-friendly coating products, such as oxygen barrier coatings, to strengthen their position in the market. Oxygen barrier coating refers to a type of protective material applied to packaging surfaces to prevent or minimize the permeation of oxygen, enhance the shelf life, and preserve the freshness of packaged products. For instance, in March 2022, Hubergroup Print Solutions, a US-based provider of printing inks and coatings, launched the HYDRO-LAC GA oxygen barrier coating for flexible food packaging. This coating enables a protective barrier on monomaterial film, supporting more recyclable packaging. The HYDRO-LAC GA coating is designed to provide a high barrier against oxygen and water vapors, ensuring the freshness of food products. Hubergroup's innovative oxygen barrier coating enables food manufacturers to utilize pure mono-materials in their packaging, offering a sustainable solution to safeguard oxygen-sensitive foods like muesli or nuts from atmospheric oxygen within modern and recyclable packaging.

The packaging coatings market covered in this report is segmented -

1) By Type: Epoxy Thermoset, Acrylics, Amino, Alkyd, Polyester, Vinyl Coating, Urethane, Phenolic, Polyurethane, Other Types
2) By Substrate: Metal, Glass, Paper, Plastic, Other Substrates
3) By Application: Containers, Caps And Closures, Cans, Aerosols And Tubes, Other Applications
4) By End-Use Industry: Food And Beverage, Consumer Product, Chemical, Paints And Coatings, Industrial Product, Semiconductor And Electronics, Other End-Use Industries

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Major companies operating in the packaging coatings market report are BASF SE, The Sherwin-Williams Company, Evonik Industries AG, PPG Industries Inc., Solvay S.A., Arkema S.A., Akzo Nobel N.V., Eastman Chemical Company, Nippon Paint Holdings Co. Ltd., Wacker Chemie AG, Masco Corporation, Kansai Paint Co. Ltd., RPM International Inc., DIC Corporation, The Lubrizol Corporation, Sun Coating Company, Axalta Coating Systems LLC, The Valspar Corporation, Hempel A/S, Toyo Ink SC Holdings Co. Ltd., Jotun, ALTANA AG, DAW SE, Siegwerk Druckfarben AG & Co. KGaA, T&K TOKA Co. Ltd., ColorMatrix Group, CROMOS TINTAS GRAFICAS S.A.

Contents of the report:
1. Executive Summary
2. Packaging Coatings Market Report Structure
3. Packaging Coatings Market Trends And Strategies
4. Packaging Coatings Market - Macro Economic Scenario
5. Packaging Coatings Market Size And Growth
…..
27. Packaging Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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