Flexible Plastic Packaging Coating Market Analysis

  • Report ID: 4582
  • Published Date: Feb 23, 2023
  • Report Format: PDF, PPT

Flexible Plastic Packaging Coating Market Analysis

End-user (Food & Beverage, Cosmetics, Pharmaceuticals, Automotive)

The global flexible plastic packaging coating market is segmented and analyzed for demand and supply by end-user into food & beverage, cosmetics, pharmaceuticals, automotive, and others, out of which, the pharmaceuticals segment is projected to witness noteworthy growth over the forecast period. The growth of the segment accounts for the higher demand for flexible plastic packaging in the pharmaceutical industry for protecting medicines from external environmental factors. For instance, revenue generation of the global pharma sector in 2021 was estimated to be nearly USD 1.5 trillion. The growth of diseases has raised the demand for medicines which is anticipated to drive the market for flexible plastic packaging coating owing to its chemical resistance properties and its ability to enhance the appearance of the product.

Substrate (Metal, Liquid Cartons, Rigid Plastic, Paper-Based Container, Flexible Packaging)

The global flexible plastic packaging coating market is also segmented and analyzed for demand and supply by substrate into metal, liquid cartons, rigid plastic, paper-based container, flexible packaging, and others. Out of these, the flexible packaging segment is attributed to holding the largest share by 2033 owing to its increasing usage of flexible plastics in various applications which is the perfect alternative for metal, glass, paper, and other traditional materials. Furthermore, the use of flexible packaging in caps and closures, aerosols and tubes, and other items to secure the product during transportation while retaining its original form. Flexible packaging is also capable of offering a protective layer against moisture, light, bacteria, mold, and harsh aspects, making it an ideal choice for boosting the packaging look of products in a variety of industries such as food and beverage, pharmacy, skincare and beauty, and others.

Our in-depth analysis of the global market includes the following segments:

              By Type

  • Urethane
  • Soft Touch
  • UV-Curable
  • BPA Free
  • Others

            By Substrate

  • Metal
  • Liquid Cartons
  • Rigid Plastic
  • Paper-Based Container
  • Flexible Packaging
  • Others

             By Application

  • Caps & Closures
  • Aerosols & Tubes
  • Industrial & Promotional Packaging
  • Others

 

             By End-User

  • Food & Beverage
  • Cosmetics
  • Pharmaceuticals
  • Automotive
  • Other
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Anil


  • Report ID: 4582
  • Published Date: Feb 23, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for plastic coating packaging in the automotive industry, rising sales, and demand for snacks across the globe, followed by the massive surge in the consumer goods industry are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

Easy availability of alternatives in the market, the requirement for higher initial investment, and constant fluctuation in the supply chain are estimated to be the growth-hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are American Packaging Corporation, PPG Industries, Inc., Glenroy, Inc., Akzo Nobel N.V., Sierra Coating Technologies LLC, Koninklijke DSM N.V., Paramelt B.V., DuPont de Nemours, Inc., Amcor Limited, Mondi plc, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, substrate, application, end-user, and by region.

The pharmaceuticals segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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