Packaging Coatings Market by Resin Type (Acrylic, Amino, Epoxy), Substrate (Glass, Metal Beverage Can, Paper), Application, End-User - Global Forecast 2024-2030

Packaging Coatings Market by Resin Type (Acrylic, Amino, Epoxy), Substrate (Glass, Metal Beverage Can, Paper), Application, End-User - Global Forecast 2024-2030

The Packaging Coatings Market size was estimated at USD 4.57 billion in 2023 and expected to reach USD 4.88 billion in 2024, at a CAGR 6.86% to reach USD 7.28 billion by 2030.

Packaging coatings are materials used in packaging consumer goods to provide a protective barrier around the product, keeping it safe during storage and shipment. The growing need for protective and robust protective coatings that can withstand the rigors of shipment and transport increases the demand for specialized packaging coatings across the eCommerce sector. Packaging coatings are also gaining popularity in flexible packaging due to their lightweight nature and recyclability characteristics, making the packaging material with superior barrier properties and more durable than traditional foil laminates. In addition, the food & beverage sector is adopting packaging coating solutions to protect the products from physical damage and prevent microbial growth, oxygen transmission, and other environmental factors. However, the adverse impacts and VOC emissions issues associated with packaging coatings limit the product penetration of packaging coatings. The ongoing material and process advancements with increasing investments in R&D are anticipated to augment the availability and demand for packaging coatings in the coming years.

Regional Insights

In the Americas, the United States is a significant hub for innovation and demand in the packaging coatings market. The region sees a robust demand driven by the food and beverage industry, with a growing emphasis on sustainable and safe coatings solutions. Packaging coatings in this region are expected to provide protection, extend the shelf life of products, and comply with stringent regulatory standards related to health and environmental safety. A notable shift towards more eco-friendly coatings, such as water-based and UV-cured coatings, reflects the region’s increasing environmental concerns. The EMEA region presents a diverse landscape for packaging coatings, with Western Europe witnessing significant growth in technological advancements and regulatory frameworks. The European market is highly regulated, with strict standards on sustainability and reducing volatile organic compounds (VOCs), driving the demand for innovative, eco-friendly coating solutions. The market is more growth-oriented in the Middle East and Africa, with rising demands fueled by increasing consumption rates and industrial growth. The emphasis in these areas is more on expanding capabilities and meeting the burgeoning needs of various packaging applications. The APAC region is witnessing rapid growth in the packaging coatings market, primarily due to the expanding economies of China and India. The increase in consumer goods consumption and a surge in manufacturing activities fuel the demand for high-quality packaging coatings. APAC’s market is characterized by a growing interest in sustainable and efficient coating solutions, mirroring global trends toward environmental responsibility. Innovation in packaging technologies and materials is also more pronounced in this region, driven by the need to cater to a vast and varied consumer base.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Packaging Coatings Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Significant usage in eCommerce industry
Increasing demand for flexible packaging coatings
Growing use of various packaging solutions for food and beverage industry

Market Restraints

Adverse impact of chemicals used in coatings

Market Opportunities

Development of sustainable eco-friendly coatings
Surging investment and approvals for novel packaging coating

Market Challenges

Strict government regulations regarding harmful VOC emission

Market Segmentation Analysis

Substrate: Boost in utilization of paper substrate to protect against moisture, oil, and gases
End-User: Rising demand across cosmetics industry for safeguarding the product and embodying the brand’s image

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Packaging Coatings Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Packaging Coatings Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Earthodic Secures USD 1.85 Million for Eco-Friendly, Cost-Effective Coating Solutions

The USD 1.85 million investment from the Tech 23 accelerator to Earthodic aims to develop a new packaging coating that is water-resistant, compostable, and more cost-effective than existing solutions. With the investment, the launch of these important environmentally friendly solutions aimed to offer businesses a great way to lower their packaging costs while improving sustainability.

Trinseo and RWDc Join Forces to Innovate Sustainable Paper Packaging with PHA Technology

Trinseo and RWDc Industries announced a partnership to develop paper barrier coatings using PHA dispersion technology. This technology can potentially improve product shelf life, reduce energy costs, and create new opportunities in functional paper-based packaging coatings. With this partnership, Trinseo and RWDc bring together their expertise to produce a more sustainable packaging solution that is both cost-effective and efficient for companies in the packaging coating industry.

Stahl Expands Its Reach in Packaging Solutions with Strategic Acquisition of ICP Industrial Solutions Group

Stahl, a global supplier of advanced specialty coatings and auxiliaries for leather, plastics, and other materials, has acquired ICP Industrial Solutions Group. This acquisition solidifies Stahl’s position in the industrial packaging solutions market and provides customers with an even more comprehensive range of innovative products to meet their needs.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Packaging Coatings Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Packaging Coatings Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ACC Coatings, Akzo Nobel N.V., Allnex GMBH by by PTT Global Chemical, Altana AG, Ampacet Corporation, Arkema Group, Avient Corporation, Axalta Coating Systems Ltd., BASF SE, Clariant AG, Croda International PLC, Daikin Industries, Ltd., DIC Corporation, Evonik Industries AG, Flint Group, Henkel AG & Co. KGaA, Höganäs AB, Jamestown Coating Technologies, Jotun A/S, Kansai Paint Co., Ltd., Kao Corporation, Lubrizol Corporation, Michelman, Inc., Munzing Chemie GmbH, Paramelt RMC B.V., PPG Industries, Inc., Sherwin-Williams Company, The Dow Chemical Company, and VPL Coatings GmbH & Co KG.

Market Segmentation & Coverage

This research report categorizes the Packaging Coatings Market to forecast the revenues and analyze trends in each of the following sub-markets:

Resin Type
Acrylic
Amino
Epoxy
Phenolic
Polyurethane
Thermoset Polyester
Vinyl
Substrate
Glass
Metal Beverage Can
Paper
Plastic/PET Bottle
Application
Aerosols & Tubes
Caps & Closures
Food & Beverage Cans
Industrial Packaging
End-User
Automotive
Consumer Electronics
Cosmetics
Food & Beverages
Pharmaceuticals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year