Global Packaging Coating Market Is Expand At An Impressive CAGR of More Than 6.7% Over 2031: Fact.MR Analysis

The global packaging coating market experienced year-on-year (YoY) growth of 3.6% in 2021, to total US% 3.1 Billion in revenue as per newly-released packaging coating industry analysis by Fact.MR - a market research and competitive intelligence provider.

As per packaging coating market insights, revenue generated from polyester coatings and polyurethane coatings cumulatively is expected to hold or over 28% of the market share in 2021. Epoxy coatings account for over 24% of the market share, and are expected to be valued around US$ 744 Mn in 2021.

For Critical Insights on This Market, Request a Sample Report

https://www.factmr.com/connectus/sample?flag=S&rep_id=262

Aside from the high coverage of food packaging coatings, demand for electronics packaging and semiconductor coating is also on the rise. It is anticipated that this will open new avenues for packaging manufacturers. Demand from this end-use industry is also driven by the advent of temperature-sensitive packaging coatings for high performance applications.

Key Takeaways from Market Study

• North America accounted for a major chunk of the market at over 27% market share.
• The U.S. is projected to create an incremental opportunity of over US$ 450 million during 2021-2031.
• Europe's market for packaging coatings is likely to be the second-largest market during the forecast period.
• Fluoropolymer coatings are likely to be one of the highly preferred packaging coating types. Towards the end of 2031, fluropolymer coatings are estimated to reach close to US$ 690 million in revenue.
• Polyester coatings are also expected to experience robust demand growth during 2021-2031.

"Food packaging to provide strong demand growth for packaging coatings," says a Fact.MR analyst.

To learn more about packaging coating market, you can get in touch with our Analyst

https://www.factmr.com/connectus/sample?flag=AE&rep_id=262

Winning Strategy

The market is highly consolidated and manufacturers are trying to maintain their long-run dominance in the market. Key manufacturers are constantly involved in developing new product lines to enter untapped segments. Moreover, their thirst for market dominance is high, due to the higher growth potential in emerging countries.

Market Segments Covered in Packaging Coatings Industry Analysis

• By Coating Type

o Acrylic Packaging Coatings
o Epoxy Thermoset Packaging Coatings
o Fluoropolymer Packaging Coatings
o Plastisol Packaging Coatings
o Polyester Packaging Coatings
o Polyurethane Packaging Coatings
o Others

• By Packaging Type

o Metal Can Packaging Coatings
o PET Bottles Packaging Coatings
o Glass Packaging Coatings
o Flexible Plastic Packaging Coatings
o Rigid Plastic Packaging Coatings
o Liquid Carton Packaging Coatings
o Others

• By End-Use

o Food & Beverage Packaging Coatings
o Consumer Product Packaging Coatings
o Chemical Packaging Coatings
o Paint and Coating Packaging Coatings
o Industrial Product Packaging Coatings
o Semiconductor and Electronics Packaging Coatings
o Others

• By Technology

o Coil & Sheet Packaging Coatings
o Roll Packaging Coatings
o Spray Packaging Coatings
o Functional Packaging Coatings

Get Customization on this Report for Specific Research Solutions

https://www.factmr.com/connectus/sample?flag=RC&rep_id=262

Key Companies Profiled

• Axalta Coating Systems
• DuPont
• Solvay S.A.
• Nippon paint
• Kansai Paints
• Evonik Industries
• BASF SE
• Sherwin Williams
• AkzoNobel
• PPG Industries.

Questionnaire answered in the Nickel Hydroxide Market report include:

• How the market for Nickel Hydroxide has grown?
• What is the present and future outlook of the global Nickel Hydroxide on the basis of region?
• What are the challenges and opportunities for the Nickel Hydroxide?
• Why the consumption of Nickel Hydroxide highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Nickel Hydroxide market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Nickel Hydroxide market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Nickel Hydroxide market and assists to create strategies to overcome the obstacles that may hinder the growth of the Nickel Hydroxide market.

• Leverage: The Nickel Hydroxide market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Nickel Hydroxide market.

Explore Fact.MR's More Insights on the Chemical and Materials Domain

Isoprenol Market :
https://www.prnewswire.com/news-releases/government-push-to-biofuel-production-will-enable-isoprenol-market-surpass-us-375-mn-by-2031-301425276.html

Nickel Hydroxide Market : https://www.prnewswire.com/news-releases/higher-electric-vehicles-production-favoring-nickel-hydroxide-market-surpass-us-5-5-bn-by-2031--301425541.html

Contact us:

21st floor , 136 Sejong-daero,
Seoul,100-768
South Korea
Phone: +1 (628) 251-1583
Email: sales@factmr.com

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed . Our sales offices in United States and Dublin, Ireland. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.