Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2047.99 Million | USD 3007.53 Million | 4.36% | 2023 |
FrequentlyAsked Questions
According to Zion Market Research, the global Flexible Plastic Packaging Coating Market was worth USD 2047.99 Million in 2023. The market is forecast to reach USD 3007.53 Million by 2032, growing at a compound annual growth rate (CAGR) of 4.36% during the forecast period 2024-2032.
The global flexible plastic packaging coating market can be classified based on coating type, coating applications, substrate type, and end use. Based on the coating type, the market is sectored into Epoxies Coatings, Acrylics Coatings, Urethane & Polyurethane Coatings, Lacquer Coatings, Plasma Coatings, Polyesters Coatings, Phenolic Coatings, and Others. On the basis of coating applications, the market is classified into Decorative, Protective, Heat Seal Applications, Print Primer, and Others. Substrate type wise, the flexible plastic packaging coating market is classified into Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyamide, Poly Vinyl Chloride, Polystyrene, and Others. In terms of end-use, the market is segmented into Food & Beverage Packaging, Pharmaceutical Packaging, Cosmetics & Personal Care Packaging, Chemical Packaging, Consumer Durables Electronic Goods Packaging, Automotive & Allied Packaging, and Others.
PPG Industries, Inc., Akzo Nobel N.V., Koninklijke DSM N.V., E.I. Du Pont De Nemours and Company, Wacker Chemie AG, Altana AG, Allnex Group, BASF SE, Kansai Paint Co., Ltd., Axalta Coating Systems Ltd., Bostik SA, Plasmatreat GmbH, Michelman, Inc., Schmid Rhyner AG, Paramelt BV, Jamestown Coating Technologies Company, Sierra Coating Technologies LLC, Glenroy, Inc., and American Packaging Corporation.
Flexible plastic packaging coating market growth is anticipated to gain traction over the years ahead, subject to its massive use in food & beverages, pharmaceuticals, cosmetics & personal care, chemicals, consumer durables, electronic goods, and automotive sectors.
There is a substantial focus on the application of glossy colors, images and graphics on the final packaged product. This has largely fuelled the flexible plastic packaging coating market demand across the globe.
Flexible plastic packaging coatings offer consistently high-quality finishes as well as provides protection for a myriad range of applications. Some of the key coating types readily available in the flexible packaging industry are acrylics coating, epoxy coating, urethane & polyurethane coating, etc.
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