PUBLISHER: IMARC | PRODUCT CODE: 1792360
PUBLISHER: IMARC | PRODUCT CODE: 1792360
The global packaging coatings market size reached USD 3.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.2 Billion by 2033, exhibiting a growth rate (CAGR) of 3.48% during 2025-2033. The rising demand for packaged food and beverages to ensure product safety is stimulating the market.
Growing Demand for Eco-Friendly Packaging Solutions
Consumers and industries are increasingly prioritizing sustainable packaging to reduce environmental impact. In contrast, this shift is driving the development and adoption of coatings that are biodegradable, recyclable, and free from harmful chemicals, thereby aligning with global sustainability goals and the packaging coatings market dynamics. For instance, in July 2024, Smart Planet Technologies launched HyperBarrier, a ternary nanocomposite coating for paper-based flexible packaging. It offers improved oxygen and moisture barriers, enhanced recyclability, reduced plastic use, and cost efficiency. Thus, making it an eco-friendly alternative to traditional polyethylene coatings in food packaging.
Increasing Regulations for Safer Materials
Stricter regulations on the use of harmful substances in packaging materials are encouraging manufacturers to develop safer, compliant coatings. Moreover, these coatings must meet international food safety standards and environmental guidelines, thereby encouraging innovation in the creation of non-toxic, bisphenol-free, and PFAS-free coatings. For instance, in September 2024, AkzoNobel launched Accelshield 300, an FDA-approved internal coating for beverage cans. It is free from bisphenols, styrene, PFAS, and formaldehyde, offers advanced corrosion protection, and meets current and future EU regulations. Hence providing a safe, flexible, and high-performance solution for the packaging coatings industry outlook.
Advancements in Coating Technologies for Enhanced Performance
Continuous innovations in coating technologies are improving packaging functionality, such as better resistance to moisture, oxygen, and grease. Furthermore, these advancements are providing more durable, versatile solutions while also enhancing the aesthetic appeal of packaging, thereby contributing to improved product protection and longer shelf life. For instance, in March 2024, Archroma introduced Cartaseal OGB F10, a PFAS-free, recyclable barrier coating for oil and grease applications, with FDA and BfR approved. The water-based coating replaces fluoro-based substances and polyethylene, ensuring superior resistance and sustainability. Thus, supporting eco-friendly packaging for food and non-food contact.
Metal currently holds the largest packaging coatings market share
Metal is a widely used substrate for packaging coatings, offering durability and resistance to corrosion. On contrary, coatings like epoxy or polyester are applied to metal cans and containers, providing protection against moisture and chemicals, thereby ensuring product safety.
Epoxy currently holds the largest packaging coatings market demand
Epoxy resins are widely used in packaging coatings due to their excellent adhesion, chemical resistance, and durability. In addition, these resins are commonly applied in metal cans, such as for food and beverage containers, to prevent corrosion and maintain product integrity, thereby ensuring long shelf life.
Water-based currently holds the largest packaging coatings market statistics
Water-based packaging coatings are gaining popularity for their eco-friendly formulations, offering alternatives to solvent-based options. For example, Archroma's Cartaseal OGB F10 demonstrates high oil and grease resistance, recyclable capabilities, and is PFAS-free, thereby making them ideal for food and non-food packaging applications.
Food products currently hold the largest packaging coatings market revenue
Packaging coatings for food products enhance durability and safety by providing moisture, oil, and grease resistance. For instance, AkzoNobel's Securshield 500 Series ensure eco-friendly, compliant solutions that maintain freshness, especially in cans and paper-based food packaging, reflecting significant packaging coatings market highlights.
Asia Pacific currently dominates the packaging coatings market outlook
The packaging coatings market research report has also provided a comprehensive analysis of all the major regional markets, which include Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); North America (the United States and Canada); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru and others); and the Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, and others). According to the report, Asia Pacific accounted for the largest market share.
As per the packaging coatings market insights, Asia Pacific leads the market due to rapid industrial growth, increased demand for packaged food, and a strong manufacturing base. In contrast, the region's focus on sustainable solutions, coupled with rising consumer awareness, drives innovation in eco-friendly coatings. For example, AkzoNobel's launch of the Securshield series, highlight the region's focus on innovative and eco-friendly coatings for food and beverage packaging, thereby strengthening its market dominance.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include: