PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616216
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616216
Packaging Coatings Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Packaging Coatings Market was valued at USD 4.86 billion in 2023. Projections indicate a CAGR of 5% CAGR from 2024 to 2032, primarily driven by a rising consumer preference for eco-friendly and sustainable packaging solutions. In response, companies are innovating coatings that boost the recyclability and biodegradability of packaging materials. This pivot towards sustainability not only resonates with global environmental regulations but also meets evolving consumer demands, paving the way for advanced coatings that bolster the circular economy. For example, in July 2024, AkzoNobel unveiled the Securshield 500 Series.
This PVC-free and bisphenol-free coating is designed for easy-open food can ends. The industry spotlight is firmly on sustainability and eco-friendliness. In line with tightening environmental regulations and shifting consumer preferences, companies are turning to coatings sourced from renewable and biodegradable materials. Noteworthy innovations include bio-based coatings, which are increasingly supplanting traditional petrochemical-based counterparts.
Such strides not only bolster the environmental credentials of packaging but also resonate with the global agenda of curbing plastic waste and enhancing recyclability. The overall industry is segmented into coating type, substrate material, formulation, application, end-use industry, and region. The market segments based on substrate material include metal, plastic, glass, paper, and others. The plastic segment is projected to grow at a CAGR of over 5% during the forecast period.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $4.86 Billion |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2023
Chapter 5 Market Estimates & Forecast, By Coating Type, 2021 - 2032 (USD Million)
Chapter 6 Market Estimates & Forecast, By Substrate Material, 2021 - 2032 (USD Million)
Chapter 7 Market Estimates & Forecast, By Formulation, 2021 - 2032 (USD Million)
Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2032 (USD Million)
Chapter 9 Market Estimates & Forecast, By End Use, 2021 - 2032 (USD Million)
Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)
Chapter 11 Company Profiles
