Global Flexible Plastic Packaging Coating Market: Overview
Flexible plastic packaging coatings offer consistently high-quality finishes as well as provides protection for a myriad range of applications. Some of the key coating types readily available in the flexible packaging industry are acrylics coating, epoxy coating, urethane & polyurethane coating, etc.
Global Flexible Plastic Packaging Coating Market: Growth Factors
Flexible plastic packaging coating market growth is anticipated to gain traction over the years ahead, subject to its massive use in food & beverages, pharmaceuticals, cosmetics & personal care, chemicals, consumer durables, electronic goods, and automotive sectors.
Flexible plastic packaging coatings are primarily used in food & beverage packaging sector. Acrylics, urethane & polyurethane and epoxies are some of the most commonly used packaging coatings. This is due to their feasibility to use and provide a perfect finish to the product. Flexible plastic packaging coatings are most commonly used across pharmaceuticals, cosmetics & personal care, chemical packaging, and other flexible packaging types.
A flexible plastic packaging coating makes the product visually appealing and provides an aesthetic sense as well as aesthetic value to it. This, in turn, is expected to drive the demand for the product in the near future. Brand owners are looking to draw in buyers by offering items placed on glossy & luxurious finishing tools platforms as well as retail shelves and flexible plastic coating packaging is viewed as a method for achieving this scenario to attract the potential customers. Additionally, thriving FMCG sector along with growing intake of ready to eat diet will further drive the flexible plastic packaging coating market trends.
There is a substantial focus on the application of glossy colors, images and graphics on the final packaged product. This has largely fuelled the flexible plastic packaging coating market demand across the globe.
Global Flexible Plastic Packaging Coating Market: Segmentation
The global flexible plastic packaging coating market can be classified based on coating type, coating applications, substrate type, and end use. Based on the coating type, the market is sectored into Epoxies Coatings, Acrylics Coatings, Urethane & Polyurethane Coatings, Lacquer Coatings, Plasma Coatings, Polyesters Coatings, Phenolic Coatings, and Others. On the basis of coating applications, the market is classified into Decorative, Protective, Heat Seal Applications, Print Primer, and Others. Substrate type wise, the flexible plastic packaging coating market is classified into Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyamide, Poly Vinyl Chloride, Polystyrene, and Others. In terms of end-use, the market is segmented into Food & Beverage Packaging, Pharmaceutical Packaging, Cosmetics & Personal Care Packaging, Chemical Packaging, Consumer Durables Electronic Goods Packaging, Automotive & Allied Packaging, and Others.
Global Flexible Plastic Packaging Coating Market: Regional Analysis
Based on regions, the global flexible plastic packaging coating market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is likely to contribute notably towards the overall flexible plastic packaging coating market share over the next few years. The growth can be attributed to the thriving packaging sector in countries such as China and India. Europe is anticipated to dominate the market growth over the assessment period, owing to the prominent use of the flexible plastic packaging coating witnessed in the countries such as Germany, Italy, the UK, France, Spain, Benelux, Nordic, Russia, and Poland.
Escalating need for efficient packaging coating has resulted in mounting popularity of flexible plastic packaging coating in the countries such as the U.S. and Canada, thereby proliferating the flexible plastic packaging coating trends in North America.
Latin America and the Middle East and Africa markets have humongous growth potential and will further spearhead the overall market growth in the coming decade.
Global Flexible Plastic Packaging Coating Market: Competitive Players
Some of the key players in flexible plastic packaging coating market are PPG Industries, Inc., Akzo Nobel N.V., Koninklijke DSM N.V., E.I. Du Pont De Nemours and Company, Wacker Chemie AG, Altana AG, Allnex Group, BASF SE, Kansai Paint Co., Ltd., Axalta Coating Systems Ltd., Bostik SA, Plasmatreat GmbH, Michelman, Inc., Schmid Rhyner AG, Paramelt BV, Jamestown Coating Technologies Company, Sierra Coating Technologies LLC, Glenroy, Inc., and American Packaging Corporation.
Global Flexible Plastic Packaging Coating Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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