The
global Packaging
Inks and Coatings market share report provides numbers for applications and
regional segments of the industry covering historical as well as forecast data
for decision makers.
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The differentiating factor of Packaging
Inks and Coatings market report by Global Market Insights, Inc. when compared
with other, similar syndicated research studies includes a 360-degree synopsis
of trends for a period of more than 10 years including historic information as
well as future outlook. Business focussed multiple trends for Packaging Inks
and Coatings industry are discussed along with regional trends to offer an
overall view of the market. The ‘industry insights’ chapter of this research
provides the most comprehensive analysis of Packaging Inks and Coatings market
covering segmentation, size, forecasts, ecosystem analysis and more. Industry
impact forces (regional and global) that cover growth drivers and challenges,
growth potential analysis, a strategy dashboard for competitive landscape of Packaging
Inks and Coatings market support this sector specific data and information
points.
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Global Packaging Inks and Coatings
Market size is flourishing and is expected to grow at a healthy CAGR during the
forecast period. Packaging is an essential factor driving the industry growth
across the globe. Increasing consumer preference for attractive packaging
across various end-user industry including food & beverage,
pharmaceuticals, cosmetics, etc. is expected to drive the packaging inks and
coatings market size over the projected timeframe.
Technology advancements for improving
packaging of products to extend their customer base on large scale will
eventually boost the packaging inks and coatings market size by 2024. Prevailing
demand for better packaging for food & beverage along with awareness
regarding the food quality and its protection from contamination is projected
to drive the business growth in the coming future. The manufacturers in
cosmetic industry are increasingly adopting the attractive packaging techniques
to attain competitive advantage across the globe. Cosmetics industry is
thriving and is projected to grow at a CAGR of over 4% which will effectively
contribute to packaging inks and coatings market size over the forecast
timeframe.
Pharmaceuticals industry is
another driving forces making a significant contribution towards packaging inks
and coatings market size over the past many years. Pharmaceuticals industry is
thriving and is expected to grow at a CAGR of over 6% which shall have a
positive influence on the industry growth during the forecast period.
Stringent regulations imposed
regarding product use in food & beverage industry is likely to hamper the
business growth over the projected timespan. In addition, the side-effects
regarding the product use is prevailing in the industry which will further hinder
packaging inks and coatings market size by 2024. The product manufacturers may
develop organic and eco-friendly inks to comply with the regulations which is a
probable opportunity for the packaging inks and coatings market size by 2024.
Browse key industry insights from the report Packaging
Inks and Coatings Market in detail along with the table of contents:
Packaging inks and coatings
market size is segmented based on substrates including paper, metal, plastics
(flexible, rigid) and rubber. Flexible plastic market share is highest and is
accounted for approximately 40% as it is easy and soft and can be easily
moulded and customized to meet the diverse demand specifications of a wide
range of products. Furthermore, its lighter weight and lower cost is expected
to stimulate the packaging inks and coatings market size in the coming years.
Metal substrate is primarily used in food & beverage
industry as it enhances the shelf life of products by retaining its nutritional
value for an extended period. Prevailing demand for frozen food and canned food
& beverages (alcoholic, non-alcoholic) shall positively influence the
business growth by 2024. However, this segment will witness moderate growth due
to growing preference for lighter weight and lower cost flexible plastic
substrate which shall effectively contribute towards packaging inks and
coatings market size for plastics over the projected timespan.
Based on process, the market is divided into flexographic,
digital, gravure and lithographic. The flexographic process can be used to
print on paper, plastics, cellophane, metal and other materials. Digital
printing is an advanced process utilized in the industry which accounts for
approximately 15% of the total packaging and inks coatings market size and has
the potential to replace conventional methods of printing. Gravure process has
been extensively utilized in printing in newspaper, magazine and packaging
material and will lead to stimulating packaging inks and coating market size by
2024.
Based on
end-user, packaging inks and coatings market size is segmented into cosmetics,
food & beverage, pharmaceuticals, industrial and others. Food &
beverage industry accounts for a major chunk of the packaging inks and coatings
market size which is expected to propel owing to increasing consumer preference
for packaged products across the globe. Furthermore, cosmetics industry shall
witness growing trends in the coming years to attain competitive advantage. This
is expected to have a positive influence on the industry size by 2024.
North
America has captured a major chunk of the industry share due to prevailing
product demand in food & beverage industry on a large scale. Moreover, the
packaging inks and coatings market size is expected to witness growth due to
protruding demand for packaged food & beverage in this region. Changing
consumer lifestyle and increasing awareness for contamination free food in Asia
Pacific primarily in India, China and Indonesia has stimulated packaging inks
and coatings market size over the past years.
Key global
packaging inks and coatings market size contributors are AkzoNobel N.V., PPG
Industries Inc., Spring Coating Systems, FlintGroup, Sun Chemical Corporation,
Siegwerk Druckfarben AG & Co. KGaA, Valspar, ALTANA, Brancher, Arkema,
Axalta Coatings Systems, ColorMatrix, CROMOS TINTAS GRAFICAS, Environmental
Inks and Coatings, Nippon Paint, Toyo Ink and Sakata.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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