Global Packaging Coatings Resins Market, By Type (Epoxy Thermoset, Urethane, UV-Curable, BPA Free, Soft Touch UV-Curable and Urethane, Others), Substrate (Metal, Rigid Plastic, Glass, Liquid Cartons, Paper-based Containers, Flexible Packaging, Others), Formulation (Water-Based, Solvent-Based, Radiation-Cured, Powder-Based), Application (Food Cans, Beverage Cans, Caps and Closures, Aerosols and Tubes, Industrial Packaging, Promotional Packaging, Specialty Packaging), End User (Food and Beverages, Cosmetics, Pharmaceuticals, Consumer Electronics, Automotive Components) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Packaging Coatings Resins Market
Packaging coatings resins market is expected to register its growth at a rate of 5.90% for the forecast period of 2021 to 2028. Data Bridge Market Research report on packaging coatings resins market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Packaging coatings are the type of specialized chemical agents which are applied inside or on the surface of packaging products. They are applied to various plastic, metal and paper-based containers, closures, cans and industrial packaging products.
The rise in the retail and e-commerce industries is expected to augment market growth in the forecast period of 2021 to 2028. The rapid industrialization and urbanization across the globe, rise in the demand for flexible packaging to store various consumer goods, rise in the utilization of acrylic-based coatings and rise in the consumption and manufacturing of PET bottles are also expected to be as the major factors leading to the growth of the packaging coatings resins market. The major factor accountable for the growth of the market is the rise in the food and beverages industry.
In addition, the rapid rise in the consumer preference for attractive packaging, rapid technological advancements along with the rise in the research and development activities to develop sustainable and more effective packaging coatings are projected to create lucrative opportunities in the above mentioned forecast period.
However, the volatile raw material prices and reduced export demand are expected to act as major restraining factors towards the growth of the packaging coatings resins market, whereas the strict regulatory policies and pressure of cutting prices can challenge to the market growth over the forecast period.
This packaging coatings resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on packaging coatings resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Packaging Coatings Resins Market Scope and Market Size
Packaging coatings resins market is segmented on the basis of type, substrate, formulation, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the packaging coatings resins market is segmented into epoxy thermoset, urethane, UV-curable, BPA free, soft touch UV-curable and urethane and others.
- Based on substrate, the packaging coatings resins market is segmented into metal, rigid plastic, glass, liquid cartons, paper-based containers, flexible packaging and others.
- On the basis of formulation, the packaging coatings resins market is segmented into water-based, solvent-based, radiation-cured and powder-based.
- The application segment for packaging coatings resins market includes food cans, beverage cans, caps and closures, aerosols and tubes, industrial packaging, promotional packaging, and specialty packaging.
- On the basis of end user, the packaging coatings resins market is segmented into food and beverages, cosmetics, pharmaceuticals, consumer electronics and automotive components.
Packaging Coatings Resins Market Country Level Analysis
Packaging coatings resins market is analyzed and market size, volume information is provided by country, type, substrate, formulation, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the packaging coatings resins market due to the rapid increase in food packaging practices. Asia-Pacific is expected to expand at significant rate over the forecast period of 2021 to 2028 due to the rise in the demand for the packaging coatings in the packaged food and consumer goods.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Packaging Coatings Resins Market Share Analysis
Packaging coatings resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to packaging coatings resins market.
The major players covered in the packaging coatings resins market report are Akzo Nobel N.V., Arkema, Axalta Coating Systems LLC, BASF SE, Mantrose-Haeuser Co., Inc., PPG Industries, Inc., Sun Adhesives & Chemicals Pvt Ltd., Dow, Wacker Chemie AG, The Sherwin-Williams Company, ALTANA, Henkel AG & Co. KGaA, Jotun, ALLNEX GMBH, W. R. Grace & Co.-Conn., Kansai Paint, Covestro AG, Evonik Industries AG, Mitsubishi Chemical Corporation, and TORAY INDUSTRIES, INC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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