Packaging Coatings Market Size To Reach $5.83 Billion By 2030

Packaging Coatings Market Growth & Trends

The global packaging coatings market is anticipated to reach USD 5.83 billion by 2030 and is projected to grow at a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. One driving factor for the market is the demand for functional, protective, and decorative coatings. These coatings play a crucial role in enhancing the durability, visual appeal, and protective properties of packaging materials, meeting the diverse needs of various industries such as food and beverage, pharmaceuticals, and consumer goods.

Another significant factor driving the product is the increasing emphasis on barrier coatings. It offer great potential for various industries, particularly in the packaging sector. They provide essential protection against moisture, gases, and other external factors, ensuring the integrity and longevity of packaged products. This is especially important in industries where product preservation and shelf life are critical, further fueling the demand for advanced barrier coatings in the product.

Product growth is also influenced by the availability and cost of raw materials. Raw material costs, such as derivatives of crude oil, dyes, and pigments, significantly impact the pricing and demand for coatings. Fluctuations in raw material costs can affect the overall market dynamics, leading to changes in pricing and demand for coating products. In addition, the market's reliance on commodity prices can influence the overall demand for the product over time.

Furthermore, products growth is driven by the increasing demand for coating equipment from various applications, including automotive, aerospace, and construction. The expansion of these industries contributes to the growing need for advanced coating solutions, including those specifically designed for packing materials. This trend reflects the broader impact of industrial and economic developments on the market, shaping its trajectory and driving innovation in coating technologies.

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Packaging Coatings Market Report Highlights

• Based on resins, the acrylics segment is expected to grow at the fastest CAGR during the forecast period. Acrylic resins offer a range of properties that make them a perfect choice for coating materials, particularly in the food and beverage industry. These resins provide excellent transparency, durability, and fast drying capabilities, making them a highly attractive product

• Based on packaging type, the rigid packaging segment is expected to grow at the fastest CAGR over the forecast period. This is attributed to the hectic lifestyle of consumers that has led to a surge in the consumption of convenience foods, prompting a higher need for secure and cost-effective pack options. This trend has significantly contributed to the escalating demand for rigid industrial packaging from diverse industries, particularly the food and drinks sector, thereby fueling the market growth of the product

• Based on end-use, the cosmetic segment is expected to grow at the fastest CAGR over the forecast period. The substantial market growth is attributed to the rise in containers, pouches, boxes, and tubes used for packing cosmetic products, reflecting the escalating demand for cosmetic packaging materials

• In May 2023, AkzoNobel's launched a bisphenol-free internal coating for beverage can. The new BPA-NI (Bisphenol A non-intent) internal coating, named Accelshield 700, is designed to meet the surge in demand for alternative coatings following the European Food Safety Authority's recent opinion on BPA restrictions in metal packaging of food and beverage products

Packaging Coatings Market Segmentation

Grand View Research has segmented the global packaging coatings market report based on resins, packaging type, end-use, and region:

Packaging Coatings Resins Outlook (Volume, Kilotons, Revenue; USD Million; 2018 - 2030)

• Epoxies

• Acrylics

• Polyurethane

• Polyolefins

• Polyester

• Other Resins

Packaging Coatings Packaging Type Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Rigid Packaging

• Flexible Packaging

• Others

Packaging Coatings End-use Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Food & Beverages

• Cosmetics

• Pharmaceuticals

• Consumer Electronics

• Other End Use

Packaging Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • South Africa

  • Saudi Arabia

List of Key Players in the Packaging Coating Market

• Axalta Coatings

• 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