- Epoxy Thermoset
- Urethane
- UV-Curable
- BPA Free
- Soft Touch UV-Curable & Urethane
Packaging Coatings Market was valued at USD 3,863.4 million in 2022 and is anticipated to grow at a CAGR of 4.9% over 2023-2029. The packaging coatings market refers to the market for coatings specifically designed for packaging materials such as metals, plastics, paper, and glass. These coatings, which are applied to packaging materials, serve an important role in assuring the durability, safety, and aesthetic appeal of packaging items used in a variety of sectors. Packaging coatings perform a variety of functions based on the packaging material and the product being packed. They can act as a barrier against moisture, oxygen, UV radiation, and other external factors, increasing the shelf life of packed items while retaining quality and freshness. The rising demand for packaged food and drinks, medicines, cosmetics, and other consumer items is propelling the packaging coatings market. The rising population, changing lifestyles, and urbanization have shifted consumer preferences towards convenience packaging, necessitating the use of coatings that provide protection, usefulness, and visual appeal. Moreover, the rise of e-commerce has led to an increased demand for protective and durable packaging coatings which fuel the growth of the packaging coatings market. Furthermore, the growing emphasis on sustainable packaging solutions creates a substantial potential opportunity for the packaging coatings market. The need for bio-based and biodegradable coatings with comparable or enhanced capabilities to traditional coatings is predicted to grow. However, various regulations and standards imposed by regulatory bodies coupled with environmental concerns act as restraints to the growth of the packaging coatings market. Innovative packaging coatings are being developed by several manufacturers which further accelerate the growth of the packaging coatings market. For instance, in March 2022, Hubergroup Print Solutions launched new HYDRO-LAC GA oxygen barrier coating for monomaterial flexible packaging.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
With the increase in nuclear families and changes in lifestyle, consumption patterns have transformed. The consumption of organic food and beverages have been escalating owing to rising health concerns which has been significantly boosting the demand for the coatings in the packaging are backing the surged demand. The global packaging industry has steadily grown over the recent years. Coating technology has been proposed as an additional strategy for accomplishing a more rational use of the materials used within the food packaging sector. Coatings used for metal food packaging that directly or indirectly contact food have the added compliance requirement with current food-contact standards, including standards for species that can be extracted and/or migrate into the food chain from coatings or other materials.
The packaging coatings market is projected to expand at a CAGR of 4.9% during the forecast period
Valspar, PPG Industries, AkzoNobel, Wacker Chemie AG, Lubrizol, Jamestown Coating technologies, BASF SE
North-America is the fastest-growing region for packaging coatings market
1. Executive Summary |
2. Global Packaging Coatings Market Introduction |
2.1. Global Packaging Coatings Market Taxonomy |
2.2. Global Packaging Coatings Market Definitions |
2.2.1. By Substrate |
2.2.2. By Resin |
2.2.3. By Formulation |
2.2.4. By Application |
2.2.5. By Region |
3. Global Packaging Coatings Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Packaging Coatings Market Dynamic Factors - Impact Analysis |
3.6. Global Packaging Coatings Market Competition Landscape |
4. Global Packaging Coatings Market Analysis,2018 - 2022 and Forecast, 2023- 2029 |
4.1. Market Analysis,2018 - 2022 and Forecast, 2023- 2029(Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Packaging Coatings Market, By Substrate, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.1. Plastic |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Metal |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Paper |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Glass |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Packaging Coatings Market, By Resin, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.1. Epoxy |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Acrylic |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Polyurethane |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Polyester |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Packaging Coatings Market, By Formulation, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
7.1. Water-Based |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Solvent-Based |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Radiation-Cured |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Powder-Based |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Global Packaging Coatings Market, By Application, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.1. Beverages |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Food Products |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Caps and Closures |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Monobloc and Tubes |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Others |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. Global Packaging Coatings Market Forecast, By Region, 2018 - 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Packaging Coatings Market - Opportunity Analysis Index, By Substrate, Resin, Formulation, Application, and Region, 2023- 2029 |
10. North America Packaging Coatings Market Analysis,2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
10.1. Substrate Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Plastic |
10.1.2. Metal |
10.1.3. Paper |
10.1.4. Glass |
10.1.5. Others |
10.2. Resin Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Epoxy |
10.2.2. Acrylic |
10.2.3. Polyurethane |
10.2.4. Polyester |
10.2.5. Others |
10.3. Formulation Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Water-Based |
10.3.2. Solvent-Based |
10.3.3. Radiation-Cured |
10.3.4. Powder-Based |
10.4. Application Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Beverages |
10.4.2. Food Products |
10.4.3. Caps and Closures |
10.4.4. Monobloc and Tubes |
10.4.5. Others |
10.5. Country Analysis 2018 - 2022 and Forecast 2023- 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Packaging Coatings Market - Opportunity Analysis Index, By Substrate, Resin, Formulation, Application, and Country, 2023- 2029 |
10.7. North America Packaging Coatings Market Dynamics Trends |
11. Europe Packaging Coatings Market Analysis, 2018 - 2022 and Forecast, 2023- 2029(Revenue, USD Mn) |
11.1. Substrate Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Plastic |
11.1.2. Metal |
11.1.3. Paper |
11.1.4. Glass |
11.1.5. Others |
11.2. Resin Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Epoxy |
11.2.2. Acrylic |
11.2.3. Polyurethane |
11.2.4. Polyester |
11.2.5. Others |
11.3. Formulation Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Water-Based |
11.3.2. Solvent-Based |
11.3.3. Radiation-Cured |
11.3.4. Powder-Based |
11.4. Application Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Beverages |
11.4.2. Food Products |
11.4.3. Caps and Closures |
11.4.4. Monobloc and Tubes |
11.4.5. Others |
11.5. Country Analysis 2018 - 2022and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Packaging Coatings Market - Opportunity Analysis Index, By Substrate, Resin, Formulation, Application, and Country, 2023- 2029 |
11.7. Europe Packaging Coatings Market Dynamics Trends |
12. Asia-Pacific Packaging Coatings Market Analysis, 2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
12.1. Substrate Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Plastic |
12.1.2. Metal |
12.1.3. Paper |
12.1.4. Glass |
12.1.5. Others |
12.2. Resin Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Epoxy |
12.2.2. Acrylic |
12.2.3. Polyurethane |
12.2.4. Polyester |
12.2.5. Others |
12.3. Formulation Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Water-Based |
12.3.2. Solvent-Based |
12.3.3. Radiation-Cured |
12.3.4. Powder-Based |
12.4. Application Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Beverages |
12.4.2. Food Products |
12.4.3. Caps and Closures |
12.4.4. Monobloc and Tubes |
12.4.5. Others |
12.5. Country Analysis2018 - 2022and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Packaging Coatings Market - Opportunity Analysis Index, By Substrate, Resin, Formulation, Application, and Country,2023- 2029 |
12.7. Asia-Pacific Packaging Coatings Market Dynamics Trends |
13. Latin America Packaging Coatings Market Analysis,2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
13.1. Substrate Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Plastic |
13.1.2. Metal |
13.1.3. Paper |
13.1.4. Glass |
13.1.5. Others |
13.2. Resin Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Epoxy |
13.2.2. Acrylic |
13.2.3. Polyurethane |
13.2.4. Polyester |
13.2.5. Others |
13.3. Formulation Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Water-Based |
13.3.2. Solvent-Based |
13.3.3. Radiation-Cured |
13.3.4. Powder-Based |
13.4. Application Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Beverages |
13.4.2. Food Products |
13.4.3. Caps and Closures |
13.4.4. Monobloc and Tubes |
13.4.5. Others |
13.5. Country Analysis 2018 - 2022and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Packaging Coatings Market - Opportunity Analysis Index, By Substrate, Resin, Formulation, Application, and Country, 2023- 2029 |
13.7. Latin America Packaging Coatings Market Dynamics Trends |
14. Middle East and Africa Packaging Coatings Market Analysis, 2018 - 2022and Forecast, 2023- 2029(Revenue, USD Mn) |
14.1. Substrate Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Plastic |
14.1.2. Metal |
14.1.3. Paper |
14.1.4. Glass |
14.1.5. Others |
14.2. Resin Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Epoxy |
14.2.2. Acrylic |
14.2.3. Polyurethane |
14.2.4. Polyester |
14.2.5. Others |
14.3. Formulation Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Water-Based |
14.3.2. Solvent-Based |
14.3.3. Radiation-Cured |
14.3.4. Powder-Based |
14.4. Application Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Beverages |
14.4.2. Food Products |
14.4.3. Caps and Closures |
14.4.4. Monobloc and Tubes |
14.4.5. Others |
14.5. Country Analysis 2018 - 2022 and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Packaging Coatings Market - Opportunity Analysis Index, By Substrate, Resin, Formulation, Application, and Country, 2023- 2029 |
14.7. MEA Packaging Coatings Market Dynamics Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, KeyOfferings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Akzo Nobel N.V. |
15.2.2. Arkema Group |
15.2.3. Axalta Coating Systems Llc |
15.2.4. BASF Se |
15.2.5. Mantrose-Haeuser Co., Inc. |
15.2.6. Ppg Industries, Inc |
15.2.7. Sun Coating Company |
15.2.8. The Dow Chemical Company |
15.2.9. The Valspar Corporation |
15.2.10. Wacker Chemie Ag |
16. Research Methodology |
17. Key Assumptions and Acronyms |