Who are the key players in Packaging Coatings Market?

Akzo Nobel NV, PPG Industries, The Sherwin-Williams Company, Kansai Paint Co. Ltd and Axalta Coating Systems are the major companies operating in the Packaging Coatings Market. Read More

Which is the fastest growing region in Packaging Coatings Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Packaging Coatings Market?

In 2024, the Asia-Pacific accounts for the largest market share in Packaging Coatings Market. Read More

What years does this Packaging Coatings Market cover, and what was the market size in 2023?

In 2023, the Packaging Coatings Market size was estimated at USD 5.45 billion. The report covers the Packaging Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Packaging Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Packaging Coatings Market Size

Market Size of Packaging Coatings Industry

Packaging Coatings Market - Market Summary

Study Period	2019 - 2029
Market Size (2024)	USD 5.70 Billion
Market Size (2029)	USD 7.08 Billion
CAGR (2024 - 2029)	4.45 %
Fastest Growing Market	Asia-Pacific
Largest Market	Asia-Pacific
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Packaging Coatings Market Analysis

The Packaging Coatings Market size is estimated at USD 5.70 billion in 2024, and is expected to reach USD 7.08 billion by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).

The COVID-19 pandemic had a negative impact on the market for packaging coatings. Nationwide lockdowns and strict social distancing measures led to the closure of packaging facilities, consequently affecting the packaging coatings market. However, after the COVID-19 pandemic, the market recovered well following the lifting of restrictions. It rebounded significantly due to the increased consumption of packaging coatings in various packaging applications.

Increasing demand for food and beverage packaging and the growing utilization of packaging coatings in aerosol cans for the personal care industry are expected to drive market demand during the forecast period.
On the flip side, stringent regulations and environmental concerns regarding VOC emission from packaging coatings are expected to hinder the growth of the market studied.
The growing inclination for eco-friendly packaging coatings is likely to act as an opportunity for the market studied over the forecast period.
The Asia Pacific region accounts for the highest market share and is expected to dominate the market during the forecast period.

Packaging Coatings Industry Segmentation

Packaging coatings are materials applied to packaging surfaces to enhance protection, aesthetics, and functionality. They safeguard against moisture, UV light, and abrasion, ensuring product integrity. These coatings can also improve printability and provide branding opportunities on packaging materials.

The packaging coatings market is segmented into resin type, application, and geography. Based on resin type, the market is segmented into epoxies, acrylics, polyurethane, polyolefins, polyester, and other resins. Based on application, the market is segmented into food cans, beverage cans, aerosol and tubes, caps and closures, and industrial and specialty packaging. The report also covers the market size and forecasts for the packaging coatings market in 27 countries across major regions (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The market sizing and forecasts for each segment have been done on the basis of value (USD).

By Resin
		Epoxies
		Acrylics
		Polyurethane
		Polyolefins
		Polyester
		Other Resins

By Application
		Food Cans
		Beverage Cans
		Aerosol and Tubes
		Caps and Closures
		Industrial and Specialty Packaging

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Malaysia
	Thailand
	Indonesia
	Vietnam
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Spain
	NORDIC Countries
	Turkey
	Russia
	Rest of Europe

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

Middle-East and Africa
	Qatar
	United Arab Emirates
	Nigeria
	Egypt
	South Africa
	Rest of Middle-East and Africa

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Packaging Coatings Market Size Summary

The packaging coatings market is poised for steady growth, driven by increasing demand in the food and beverage sector and the expanding use of coatings in aerosol cans for personal care products. The market has rebounded to pre-pandemic levels, with the Asia Pacific region leading in market share. The adoption of epoxy-based resins, known for their strength, durability, and chemical resistance, is expected to enhance the protective qualities of packaging coatings, particularly for metal surfaces. This demand is further bolstered by the rising popularity of canned food and beverages, which necessitates the use of these coatings. However, the market faces challenges from stringent VOC emission regulations, although the shift towards eco-friendly packaging solutions presents new opportunities for growth.

China's robust manufacturing sector and its dominance in the e-commerce market significantly contribute to the packaging coatings industry's expansion. The country's large consumer base and increasing demand for attractive packaging drive the need for coatings, particularly in the food and beverage sector. Despite environmental concerns leading to regulatory measures, the market is adapting through the development of eco-friendly alternatives. Major industry players, including Akzo Nobel NV, PPG Industries Inc., and The Sherwin-Williams Company, are investing in innovative solutions to meet evolving market demands. These developments, alongside strategic collaborations aimed at enhancing recyclability, are expected to shape the market landscape during the forecast period.

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Packaging Coatings Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand from Food and Beverage Packaging
  2. 1.1.2 Growing Utilization of Packaging Coatings in Aerosol Cans for Personal Care Industry
2. 1.2 Restraints
  1. 1.2.1 Stringent Regulation and Environmental Concern Regarding VOC Emission
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 By Resin
  1. 2.1.1 Epoxies
  2. 2.1.2 Acrylics
  3. 2.1.3 Polyurethane
  4. 2.1.4 Polyolefins
  5. 2.1.5 Polyester
  6. 2.1.6 Other Resins
2. 2.2 By Application
  1. 2.2.1 Food Cans
  2. 2.2.2 Beverage Cans
  3. 2.2.3 Aerosol and Tubes
  4. 2.2.4 Caps and Closures
  5. 2.2.5 Industrial and Specialty Packaging
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Malaysia
    6. 2.3.1.6 Thailand
    7. 2.3.1.7 Indonesia
    8. 2.3.1.8 Vietnam
    9. 2.3.1.9 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 Italy
    4. 2.3.3.4 France
    5. 2.3.3.5 Spain
    6. 2.3.3.6 NORDIC Countries
    7. 2.3.3.7 Turkey
    8. 2.3.3.8 Russia
    9. 2.3.3.9 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Colombia
    4. 2.3.4.4 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Qatar
    2. 2.3.5.2 United Arab Emirates
    3. 2.3.5.3 Nigeria
    4. 2.3.5.4 Egypt
    5. 2.3.5.5 South Africa
    6. 2.3.5.6 Rest of Middle-East and Africa