Packaging Coatings Market: By Substrate (Plastic, Metal, Paper, Glass) By Resin (Epoxy, Acrylic, Polyurethane, Polyester) By Formulation (Water-Based, Solvent-Based, Radiation-Cured, Powder-Based) By Application (Beverage, Food Products, Caps and Closures, Monobloc and Tubes) and Geography

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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.

Packaging Coatings Market Key Developments:
  • In March 2023, Melodea, Ltd. launched a new sustainable, plastic-free packaging solution. VBseal.
  • In August 2022, BASF and Nippon Paint China collaborated to create revolutionary industrial eco-packaging in China.

Global Packaging Coatings Market Summary

Study Period

2023-29

Base Year

2022

CAGR

4.9%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Packaging Coatings Market Drivers and Restraints

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup's details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Packaging Coatings Market Segmentation

By Type
  • Epoxy Thermoset
  • Urethane
  • UV-Curable
  • BPA Free
  • Soft Touch UV-Curable & Urethane
By Substrate
  • Metal
  • Metal Beverage Can
  • Metal Food Can
  • Metal Aerosol Can
  • Metal Tins
  • Aluminum Trays
  • Collapsible Metal Tubes
  • Other Metals
  • Rigid Plastic
  • Glass
  • Liquid Cartons
  • Paper-based Containers
  • Flexible Packaging
  • Others
By Application
  • Food Cans
  • Beverage Cans
  • Caps & Closures
  • Aerosols & Tubes
  • Industrial Packaging
  • Promotional Packaging
  • Specialty Packaging
By End User
  • Food & Beverages
  • Cosmetics
  • Pharmaceuticals
  • Consumer Electronics
  • Automotive Components

Frequently Asked Questions

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
  • Valspar
  • PPG Industries
  • AkzoNobel
  • Wacker Chemie AG
  • Lubrizol
  • Jamestown Coating technologies
  • BASF SE
  • Sun Coating Company
  • Star LaminatorsInc.
  • Mantrose-Haeuser Co.Inc.