Flexible Plastic Packaging Coating Market Share

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

Flexible Plastic Packaging Coating Market Share

APAC Market Statistics

The Asia Pacific flexible plastic packaging coating market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market in the region is ascribed to the growing utilization of cosmetic products by the population and followed by the higher demand for ready-to-eat food in the region. For instance, the total revenue generated by the cosmetic segment in India alone was estimated to reach around USD 7 billion by 2026. Hence, such factors are estimated to hike the growth of the market during the forecast period. Furthermore, the rapid expansion of the packaging industry especially in China and India, along with the rise in the need for attractive packaging is anticipated to bring an upsurge in the demand for flexible plastic packaging coating. In addition to the aforementioned factors, rapid industrialization and rising living standards of the burgeoning population are expected to bring lucrative growth opportunities for flexible plastic packaging coating owing to its various advantages such as safety, cost-effectiveness

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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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