1. What is the projected Compound Annual Growth Rate (CAGR) of the Packaging Coatings Market?
The projected CAGR is approximately 4.7%.
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Packaging Coatings MarketPackaging Coatings Market by Production Analysis, by Consumption Analysis, by Import Market Analysis (Value & Volume), by Export Market Analysis (Value & Volume), by Price Trend Analysis, by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The Packaging Coatings Market size was valued at USD 4.43 billion in 2023 and is projected to reach USD 6.11 billion by 2032, exhibiting a CAGR of 4.7 % during the forecast period. Packaging coatings can be defined as coatings applied on packaging material to improve the effectiveness and quality, aesthetics, and durability respectively. They can be of different forms including barrier coatings, heat sealing coatings, and UV coatings among others. The protection shield's general components are moisture and oxygen inhibitors that protect the contents of the package from external elements. Heat-seal coatings allow closure with firm sealing of packages, thus protecting the contents from spoilage and damage. UV coatings help to enhance the surface of the appliance by giving it a shiny look and also prevent the fading of colors or discoloration. They are widely used in food and beverages, medicine and cosmetics, and industrial product packaging in which quality, a beautiful appearance, and protection are highly valued.
Resin Type
Application
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 4.7% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.7%.
Key companies in the market include Axalta Coating, Akzo Nobel NV, BASF SE, Arkema Group, Berger Paints India Limited, Chemetall, Chugoku Marine Paints Ltd, DowDuPont, Evonik Industries AG, HEMPEL A/S, Henkel AG & Co. KGaA, Jotun, Kansai Paint Co. Ltd.
The market segments include Production Analysis, Consumption Analysis, Import Market Analysis (Value & Volume), Export Market Analysis (Value & Volume), Price Trend Analysis.
The market size is estimated to be USD 4.43 billion as of 2022.
Growing demand for food and beverage packaging Increasing consumer awareness of environmental sustainability Technological advancements in coating materials Rising urbanization and disposable income.
Increasing Demand for Sustainable Coatings Growing Adoption of High-Performance Coatings Technological Advancements in Coatings.
Volatile raw material costs Stringent environmental regulations Limited product availability.
In September 2023, Sun Chemical has launched two new stirs in pigment preparations for the coatings market eXpand Yellow ST 1018 and eXpand Black St 9005. These pigments offer unique properties for automotive coatings
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The market size is provided in terms of value, measured in billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Packaging Coatings Market," which aids in identifying and referencing the specific market segment covered.
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