Packaging Coatings Market Expected to Rise at 4% CAGR during 2021-2026

(SUPER MARKET RESEARCH via Comtex)

According to IMARC Group latest report titled" Packaging Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the market is currently witnessing strong growth. The global packaging coatings market to exhibit moderate growth during the next five years.

Market Trends:

Packaging coatings are specialized chemical agents applied on the inside or on the surface of packaging products. They are used in cans, closures, metal-, plastic- and paper-based containers, and industrial packaging products. Some of the most commonly available resins for packaging coatings include epoxy resins, acrylic resins, polyester and polyurethane resins. These coatings aid in increasing the shelf-life of and provide environmental protection, corrosion resistance and aesthetic appeal to the product. On account of these benefits, packaging coatings are extensively used in the food and beverages (F&B), personal care and healthcare industries.

Get a sample copy of this Report: https://www.imarcgroup.com/packaging-coatings-market/requestsample

The widescale utilization of improved packaging solutions in the food and beverages industry is primarily driving the global packaging coatings market. Besides this, the expansion in the retail and e-commerce sectors, and rapid industrialization and urbanization, especially in the developing economies, are contributing to the market growth. Furthermore, the increasing application of acrylic-based coatings is also impacting the market growth positively. Acrylic variants offer high transparency, durability and resistance to stains, blistering, heat and cracking to various consumer goods products. Extensive research and development (R&D) activities to develop sustainable packaging coatings are acting as another major growth-inducing factor.

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Akzo Nobel N.V.
  • Arkema Group
  • Axalta Coating Systems LLC
  • BASF SE
  • Mantrose-Haeuser Co. Inc.
  • PPG Industries Inc.
  • Sun Coating Company
  • The Dow Chemical Company
  • The Valspar Corporation
  • Wacker Chemie AG Ltd.

Packaging Coatings Market Segmentation:

Our report has categorized the market based on Region, Substrate, Resin, Formulation and Application.

Market Breakup by Substrate:

  • Plastic
  • Metal
  • Paper
  • Glass
  • Others

Market Breakup by Resin:

  • Epoxy
  • Acrylic
  • Polyurethane
  • Polyester
  • Others

Market Breakup by Formulation:

  • Water-Based
  • Solvent-Based
  • Radiation-Cured
  • Powder-Based

Market Breakup by Application:

  • Beverages
  • Food Products
  • Caps and Closures
  • Monobloc and Tubes
  • Others

Market Breakup by Region:

  • Europe
  • Asia Pacific
  • North America
  • Latin America
  • Middle East and Africa

View Full Report with TOC & List of Figure: https://bit.ly/3r7hVGf

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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