Overview and Scope
Packaging inks and coatings are specialized materials that are applied to different types of packaging substrates, including paper, plastic, or metal. The primary purpose is to provide color and graphical elements and create protective layers that enhance durability, barrier properties, and tactile qualities.
Sizing and Forecast
The packaging inks and coatings market size has grown strongly in recent years. It will grow from $4.68 billion in 2023 to $4.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to development of new printing technologies and coating formulations, evolving environmental and safety regulations, growing awareness and demand for sustainable and eco-friendly packaging solutions, increasing global movement of goods.
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The packaging inks and coatings market covered in this report is segmented –
1) By Type: Flexible Plastic, Rigid Plastic, Metal, Paper
2) By Application: Advertising, Electronic, Retail, Other Applications
3) By End-user: Cosmetics, Food And Beverage, Pharmaceuticals, Industrial, Other End-Users
North America was the largest region in the packaging inks and coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging inks and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing popularity of e-commerce is expected to propel the growth of the packaging ink and coatings market going forward. E-commerce refers to the buying and selling of goods and services over the Internet, encompassing online retail platforms, digital payment systems, and electronic transactions. Packaging inks and coatings in e-commerce are primarily used to ensure product protection, brand visibility, and consumer satisfaction through durable and visually appealing packaging solutions. For instance, in November 2023, according to the US Census Bureau, a US-based Department of Commerce, US retail e-commerce sales reached approximately $271.7 billion in the third quarter of 2023, showing a 0.9% growth from the previous quarter. Further, E-commerce sales accounted for 14.9% of total sales in the third quarter of 2023. Therefore, the growing popularity of e-commerce is driving the growth of the packaging ink and coatings market.
Key Industry Players
Major companies operating in the packaging inks and coatings market report are Fujifilm Corporation, PPG Industries Inc., Arkema S.A, Axalta Coatings Systems, Sun Chemical, ALTANA AG, Flint Group, Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Toyo Ink SC Holdings Co. Ltd., Huber Group, Colorcon, T&K TOKA Corporation, Tokyo Printing Ink Mfg. Co. Ltd., Zeller+Gmelin GmbH & Co. KG, Nazdar Company, Wikoff Color Corporation, INX International Ink Co., Marabu GmbH & Co. KG, Epple Druckfarben AG, Doneck Euroflex S.A., Paragon Inks, Van Son Holland Ink Corporation, Pulse Roll Label Products Ltd., BCM Inks, RUCO Druckfarben
The packaging inks and coatings market report table of contents includes:
1. Executive Summary
2. Packaging Inks and Coatings Characteristics
3. Packaging Inks and Coatings Trends And Strategies
4. Packaging Inks and Coatings – Macro Economic Scenario
5. Global Packaging Inks and Coatings Size and Growth
…..
32. Global Packaging Inks and Coatings Competitive Benchmarking
33. Global Packaging Inks and Coatings Competitive Dashboard
34. Key Mergers And Acquisitions In The Packaging Inks and Coatings
35. Packaging Inks and Coatings Future Outlook and Potential Analysis
36. Appendix
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