Packaging Coatings Market 2020: Report Highlights the Competitive Scenario with Impact of Drivers and Challenges 2027

Packaging coatings are coatings having good adhesion to metal and plastic substrates along with high chemical resistance. Such coatings effectively serve protection, performance as well as decoration purposes for metal cans, plastic tubes, or any other substrate used in packaging. Coating technology in the food packaging sector allows more rational use of the materials used within this sector. Replacement of multi-layer, heavy structures with multi-functional thin layer will not only help to reduce the upstream amount of packaging material but also improve the functionality of the final packaging, thereby, ensuring shelf life extension. The packaging coatings market is coming up with highly sophisticated and engineered coatings to meet consumer convenience.

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Leading Packaging Coatings Market Players:

1.Akzo Nobel N.V.
2.Arkema Group
3.Axalta Coating Systems, LLC
4.BASF SE
5.Mantrose-Haeuser Co., Inc.
6.PPG Industries, Inc.
7.Sun Coating Company
8.The Dow Chemical Company
9.The Sherwin-Williams Company
10.Wacker Chemie AG

The packaging coatings market is anticipated to grow in the forecast period owing to driving factors such as rapid growth of the e-commerce industry and high demands of flexible packaging for consumer goods. Moreover, the growing demands for canned food and beverages coupled with aerosol cans for personal and healthcare industry further fuel the packaging coatings market growth. However, rising concerns on amount of Bisphenol-A in packaging coatings may limit market growth. The growth opportunity for key players in the packaging coatings market lies in the production of environment-friendly packaging coatings.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Packaging Coatings Market based on product and application. It also provides market size and forecast till 2027 for overall Packaging Coatings Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

The global packaging coatings market is segmented on the basis of type, substrate, application and end user. Based on type, the market is segmented as epoxy thermoset, urethane, UV-curable, BPA free, soft touch UV-curable. By substrate, the market is segmented as metal, rigid plastic, glass, liquid cartons, paper-based containers, flexible packaging and others. On the basis of the application the market is segmented as food cans, beverage cans, caps & closures, aerosols & tubes, industrial packaging, promotional packaging and specialty packaging. The market on the basis of the end user is classified as food & beverages, cosmetics, pharmaceuticals, consumer electronics and automotive components.

Reason to Buy
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Packaging Coatings Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Packaging Coatings Market, thereby allowing players tdevelop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Posted by on Monday February 24 2020, 12:59 AM EDT. All trademarks acknowledged. Filed under Advanced Materials, Business & Financial Services, Business Services, Chemicals, Chemicals & Materials, Featured Press Release, Manufacturing, Manufacturing & Construction, Metallurgical, Metals & Minerals, Plastics, Pulp & Paper, Textiles. Comments and Trackbacks closed. Follow responses: RSS 2.0

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