Packaging coatings resins market is expected to register its growth at a rate of 5.90% for the forecast period of 2021 to 2028. Data Bridge Market Research report on packaging coatings resins market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. The rise in the retail and e-commerce industries is expected to augment market growth in the forecast period of 2021 to 2028. The rapid industrialization and urbanization across the globe, rise in the demand for flexible packaging to store various consumer goods, rise in the utilization of acrylic-based coatings and rise in the consumption and manufacturing of PET bottles are also expected to be as the major factors leading to the growth of the packaging coatings resins market. The major factor accountable for the growth of the market is the rise in the food and beverages industry.
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Market Analysis and Insights
Packaging coatings are the type of specialized chemical agents which are applied inside or on the surface of packaging products. They are applied to various plastic, metal and paper-based containers, closures, cans and industrial packaging products. However, the volatile raw material prices and reduced export demand are expected to act as major restraining factors towards the growth of the packaging coatings resins market, whereas the strict regulatory policies and pressure of cutting prices can challenge to the market growth over the forecast period. This packaging coatings resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on packaging coatings resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Packaging Coatings Resins Market Scope
Packaging coatings resins market is segmented on the basis of type, substrate, formulation, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the packaging coatings resins market is segmented into epoxy thermoset, urethane, UV-curable, BPA free, soft touch UV-curable and urethane and others.
- Based on substrate, the packaging coatings resins market is segmented into metal, rigid plastic, glass, liquid cartons, paper-based containers, flexible packaging and others.
- On the basis of formulation, the packaging coatings resins market is segmented into water-based, solvent-based, radiation-cured and powder-based.
- The application segment for packaging coatings resins market includes food cans, beverage cans, caps and closures, aerosols and tubes, industrial packaging, promotional packaging, and specialty packaging.
- On the basis of end user, the packaging coatings resins market is segmented into food and beverages, cosmetics, pharmaceuticals, consumer electronics and automotive components.
Competitive Landscape and Packaging Coatings Resins Market Share Analysis
Packaging coatings resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to packaging coatings resins market.
The major players covered in the packaging coatings resins market report are
Akzo Nobel N.V., Arkema, Axalta Coating Systems LLC, BASF SE, Mantrose-Haeuser Co., Inc., PPG Industries, Inc., Sun Adhesives & Chemicals Pvt Ltd., Dow, Wacker Chemie AG, The Sherwin-Williams Company, ALTANA, Henkel AG & Co. KGaA, Jotun, ALLNEX GMBH, W. R. Grace & Co.-Conn., Kansai Paint, Covestro AG, Evonik Industries AG, Mitsubishi Chemical Corporation, and TORAY INDUSTRIES, INC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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