How big is the packaging coatings market?

Packaging coatings industry size was worth USD 4,865.2 million in 2023 and will grow at a 5% CAGR between 2024 and 2032 due to the growing demand for sustainable and eco-friendly packaging solutions.

Why is there a surge in demand for water-based packaging coatings?

The water-based segment will achieve USD 3 billion by 2032, driven by its environmental benefits and growing demand for sustainable solutions.

What is the value of North America packaging coatings market?

North America industry captured 25% share in 2023, attributed to its advanced manufacturing infrastructure and high demand for innovative packaging solutions.

Which leading companies are operating in the packaging coatings Industry?

Prominent players operating in the industry are Akzo Nobel N.V., Axalta Coating Systems, BASF SE, PPG Industries, Inc., Saudi Basic Industries Corporation (SABIC), Sherwin-Williams Company, and The Dow Chemical Company, among others.

Packaging Coatings Market Share

Report ID: GMI11374

Published Date: September 2024

Report Format: PDF

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Packaging Coatings Market Share

Akzo Nobel N.V. and Axalta Coating Systems hold a significant share of the packaging coatings industry. Akzo Nobel N.V. stands out in the market with its comprehensive range of innovative and sustainable solutions. Akzo Nobel's strong market presence is supported by its extensive R&D capabilities and its ability to provide advanced coatings that enhance packaging performance and safety.

Axalta Coating Systems is a significant player in the market due to its extensive expertise and specialized product offerings. Axalta is recognized for its high-performance coatings that cater to various packaging needs, including those in the food & beverage sector. The company’s emphasis on technological innovation and its broad portfolio of coatings solutions enables it to effectively address diverse market demands.

Packaging Coatings Market Companies

Major players operating in the packaging coatings industry are:

Akzo Nobel N.V.
Axalta Coating Systems
BASF SE
PPG Industries, Inc.
Saudi Basic Industries Corporation (SABIC)
Sherwin-Williams Company
The Dow Chemical Company

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Question(FAQ) :

How big is the packaging coatings market?: Packaging coatings industry size was worth USD 4,865.2 million in 2023 and will grow at a 5% CAGR between 2024 and 2032 due to the growing demand for sustainable and eco-friendly packaging solutions.
Why is there a surge in demand for water-based packaging coatings?: The water-based segment will achieve USD 3 billion by 2032, driven by its environmental benefits and growing demand for sustainable solutions.
What is the value of North America packaging coatings market?: North America industry captured 25% share in 2023, attributed to its advanced manufacturing infrastructure and high demand for innovative packaging solutions.
Which leading companies are operating in the packaging coatings Industry?: Prominent players operating in the industry are Akzo Nobel N.V., Axalta Coating Systems, BASF SE, PPG Industries, Inc., Saudi Basic Industries Corporation (SABIC), Sherwin-Williams Company, and The Dow Chemical Company, among others.

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Authors: Kiran Pulidindi, Kunal Ahuja

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Premium Report Details

Base Year: 2023

Companies covered: 24

Tables & Figures: 350

Countries covered: 21

Pages: 230

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Packaging Coatings Market Share

Packaging Coatings Market Share

Packaging Coatings Market Companies

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