The Global Packaging Coating Market is Expected to Reach an Estimated $7 Billion by 2030
The Global Packaging Coating Market is Expected to Reach an Estimated $7 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global packaging coating market looks promising with opportunities in the food & beverages, cosmetics, pharmaceuticals, consumer electronics, and automotive components markets. The global packaging coating market is expected to reach an estimated $7 billion by 2030 from $5 billion in 2023 at a CAGR of 4.4% from 2023 to 2030. The major drivers for this market are increasing demand for sustainable packaging solutions, rapid expansion of e-commerce and the food and beverage industry, and growing regulatory requirements and heightened consumer awareness regarding safety and quality.
In this market, epoxy, polyester, acrylic, amino, vinyl, phenolic, and polyurethane are the major segments of packaging coating market by resin type.
Lucintel forecasts that metal packaging coating will remain the largest segment over the forecast period due to its continuous increasing demand for metal food and beverage cans.
Within this market, food & beverages will remain the largest segment due to increased consumption of beverages and packaging coatings which protect beverages from getting contaminated by reacting with the metal.
APAC will remain the largest region over the forecast period due to increase in consumption of packaged goods in China and India.
Akzo Nobel N.V., PPG Industries, Axalta Coating Systems, RPM International, Altana AG, Sherwin-Williams Company, and Kansai Paint are the major suppliers in the packaging coating market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056