Based on the analysis of the Fact.MR, the global packaging coating market is anticipated to be valued at US$ 3.5 billion in 2023 and it is anticipated to grow at a CAGR of 6.8% to reach US$ 6.8 billion by the end of 2033.Packaging coatings are the coatings used for performance, decoration purposes, and protection for metal cans, plastic tubes, or other substrates used in packaging.

Industry Context
Packaging coatings are specialized formulations applied to packaging materials to improve barrier properties, protect contents, and extend shelf life. These coatings also enhance visual appeal and ensure compliance with regulatory standards, such as food safety. Key considerations for consumers and manufacturers include eco-friendly materials, recyclability, and cost-effectiveness, which are shaping the development of innovative coating solutions.

Market Drivers
The global packaging coating market is primarily driven by the increasing demand for sustainable packaging solutions, growth in the food and beverage industry, and advancements in coating technologies by leading manufacturers.

Key Takeaways from Market Study

• Global packaging coating market to reach US$ 6.8 Bn by 2032.
• Acrylic coatings segment is projected to reach around US$ 2.5 Bn by 2032.
• Market in North America to record 6.2% CAGR over the forecast period of 2022-2032.
• Market in China forecast to reach US$ 1.2 Bn valuation by 2032.

Analyst Quote
“Growing consumer preference for eco-friendly packaging and advancements in bio-based coating technologies are expected to propel the packaging coating market forward over the next decade,” says a Fact.MR analyst.

Winning Strategy
Key market players are focusing on developing sustainable and high-performance coating solutions to meet evolving consumer demands. Companies are investing in R&D to create bio-based and recyclable coatings while expanding their presence in emerging markets.
For instance:

• In 2021, AkzoNobel launched a new range of bio-based packaging coatings, targeting the food and beverage sector to meet sustainability goals.
• In March 2022, PPG Industries announced a partnership with a leading packaging manufacturer to develop UV-curable coatings for flexible packaging applications.

More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global packaging coating market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032. The study provides essential insights on the market based on coating type (acrylic, epoxy, polyurethane, polyester, others), substrate (plastic, metal, paper, glass), and end-use industry (food and beverage, pharmaceuticals, personal care, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Companies Profiled

• AkzoNobel N.V.
• PPG Industries, Inc.
• The Sherwin-Williams Company
• BASF SE
• Dow Chemical Company
• Henkel AG & Co. KGaA
• Valspar Corporation

Industry News
In June 2022, BASF SE introduced a new water-based coating solution for food packaging, designed to meet stringent regulatory requirements while enhancing recyclability.

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