Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 936.1 Million | USD 1728.58 Million | 6.3% | 2023 |
According to the report published by Zion Market Research, the global Packaging Primers Market size was valued at USD 936.1 Million in 2023 and is predicted to reach USD 1728.58 Million by the end of 2032. The market is expected to grow with a CAGR of 6.3% during the forecast period. The report analyzes the global Packaging Primers Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Packaging Primers industry.
Packaging primers are utilized in improving the protection of coating, adhesive, and film, which gives better adhesion and printability. There are several applications that need packaging primers for particular adhesion and resistance properties.
The packaging primers that are used in cosmetics are waterproof and highly elastic. They are produced from low-density polyethylene and protect adhesion and printing. There are several usages of packaging primers such as medical packaging, food packaging, retort packaging, moisture resistance, and others. These primers provide high durability and better adhesion to the product from several biological and atmospherical effects.
Primer is widely utilized in the construction and building industry. It is utilized as a preliminary coat on different surfaces including walls before application of paint. In regions like Asia Pacific, the construction industry has been seeing wealthy development, fuelled by the expanding service and manufacturing industries framework, improved housing development, and significant observable government spending on building infrastructure.
The region has become an alluring market for investors, inferable from the presence of various developing nations like China, India, Vietnam, Indonesia, and others. Inferable from solid financial development, local companies have been developing their business. Furthermore, foreign organizations have been entering these markets to make the most of the predominant chances. This has provoked the demand regarding commercial frameworks, like warehouses, offices, production houses, and so on, leading to the rise in construction frameworks and activities. This is another factor contributing to the growth of the global packaging primers market.
With increasing digitization the service sector is foreseen to witness notable growth. The service industry has been rising at a quick speed, which is further adding to the interest for workplaces and private houses. But, the lack of such a framework in these nations is prompting growth in construction activities in several nations.
For example, in Japan, the housing construction activities with high governmental spending on construction ventures, have been uplifting the growth of the global packaging primers market.
However, the effects of the pandemic have deteriorated the growth of the global packaging primers market as the manufacturing of packaging machinery is also disrupting the other packaging tasks like assembling, filling, and primer applications.
The global packaging primers market is broadly categorized into primer, application, and region.
In terms of primer, the global market is segmented into solvent-based coatings, water-based coatings, and so on.
On the basis of application, the market is segregated into aluminum makers, film makers, paper and aluminum converting, film, paper coaters & makers, and others.
Report Attributes | Report Details |
---|---|
Report Name | Packaging Primers Market |
Market Size in 2023 | USD 936.1 Million |
Market Forecast in 2032 | USD 1728.58 Million |
Growth Rate | CAGR of 6.3% |
Number of Pages | 214 |
Key Companies Covered | The Sherwin-Williams Company, Axalta Coating Systems, PPG Industries, Inc., ACTEGA Terra GmbH, Akzo Nobel N.V., BASF SE, DIC Corporation, Aqua Based Technologies, National Paints Factories Co. Ltd., Paramelt B.V., KANGNAM JEVISCO CO., LTD., Michelman, Inc., Mica Corporation, S-One Holdings Corporation, Coim Group, etc |
Segments Covered | By primer, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, Asia Pacific is foreseen to emerge as the leading region among the global packaging primers market. This is attributed to the gradual emergence of developing economies like Malaysia, India, China, etc. The rise in demand and strong economic growth are responsible for the regional players to expand the business in the packaging primers industry.
In addition, North America is also expected to register significant growth in the global packaging primers market and is likely to expand at a moderate growth rate in the future. The U.S. is anticipated to lead among the regional countries. Moreover, Brazil and Mexico are likely to fuel the regional growth of the packaging primers market.
The market scenario is likely to remain highly competitive for the leading companies due to well-established image among the competitor. The leading players in the global packaging primers market include:
By primer
application
FrequentlyAsked Questions
Primer is widely utilized in the construction and building industry. It is utilized as a preliminary coat on different surfaces including walls before application of paint. In regions like Asia-Pacific, the construction industry has been seeing hearty development, fuelled by the expanding service and manufacturing industries framework, improved housing development, and significant observable government spending on building infrastructure.
The leading players in the global packaging primers market include The Sherwin-Williams Company, Axalta Coating Systems, PPG Industries, Inc., ACTEGA Terra GmbH, Akzo Nobel N.V., BASF SE, DIC Corporation, Aqua Based Technologies, National Paints Factories Co. Ltd., Paramelt B.V., KANGNAM JEVISCO CO., LTD., Michelman, Inc., Mica Corporation, S-One Holdings Corporation, Coim Group, etc.
Geographically, Asia Pacific is foreseen to emerge as the leading region among the global packaging primers market. This is attributed to the gradual emergence of developing economies like Malaysia, India, China, etc. The rise in demand and strong economic growth are responsible for the regional players to expand the business in the packaging primers industry.
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