Packaging Coatings Market

Packaging Coatings Companies: PPG Industries, Inc. (US) and AkzoNobel N.V. (The Netherlands) are Leading Players in the Packaging Coatings Market

The packaging coatings market is projected to grow from USD 4.21 billion in 2024 to USD 5.37 billion by 2029, at a CAGR of 5.0% between 2024 and 2029. Packaging coatings are specific layers of material which are added onto or incorporated into the packaging substrates to improve its efficiency, stability and looks. These coatings have become an essential product across different sectors since they shield packaged commodities from the elements, prolong the shelf life of the products and meet essential safety and quality requirements. In the food and beverage industry for example, the packaging coatings provide a barrier against moisture, oxygen, and contaminants that may otherwise spoil the food product or contribute to shortened shelf life. These coatings also protect characteristics of the packaging materials during handling and transportation so as to get the products to the consumers in the right state. Food coatings are especially essential to steer clear of any leaching of chemicals into the food lest they violate the food safety legal requirements.

Packaging Coatings Companies

In the medical & pharma industry the packaging coatings are vital as they enhance the sterilization and functionality of the medical equipment’s and the drugs. Coatings in this industry act as light, moisture, and microorganism’s barriers to protect the products and make them safe to use. Considering that most of these products are sensitive to their contents, the coating must observe strict legal provisions not to interfere or leach with the contents. Packaging solutions for industrial products are always valuable for the protection of products against both physical and chemical damage. This is especially the case with the products that are used in tough environments.

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The major players operating in this business are The Sherwin-Williams Company (US), PPG Industries, Inc. (US), AkzoNobel N.V. (The Netherlands), Altana Group (Germany), Axalta Coating Systems, LLC (US), DIC Corporation (Japan), and Stahl Holdings B.V. (The Netherlands).

PPG Industries, Inc.: PPG Industries was established in 1883 in the US as the Pittsburgh Plate Glass Company and now it is a world’s largest manufacturers and suppliers of Paints, Coating, optical products and Specialty Materials. PPG is a Fortune 500 corporation that runs more than 70 countries across the globe. The company is structured into two key segments: Performance Coatings, and industrial coatings for consumer products, transportation and general industrial uses; Architectural Coatings for home and business use. PPG is currently headed in Pittsburgh, Pennsylvania and has robust configurations of manufactures all around Asia-Pacific, Europe, Middle East, Africa, Latin America, and North America famous for its exquisite values of innovation, sustainability, and commitment for tailor -made solutions.

In January 2024, PPG announced its plan to invest in the advanced manufacturing facility in Tennessee, focusing more onto the coatings produced for automotive industry, along with those required in packaging industry as well.

AkzoNobel N.V.: AkzoNobel N.V. is a multinational Chemical company that deals primarily in providing of paints and coatings. It operates through two main divisions: Decorative and Performance Coatings. Decorative Paints segment is centered to produce diverse range of interior and exterior paints and other related protective coating goods for both professional and retail users. The Performance Coatings segment is focused mainly on coatings for auto, aerospace, marine and industrial businesses and business of powder coatings. It was founded in 1911, AkzoNobel operates in Amsterdam, Netherlands, with a unique record in production coatings.

Related Reports:

Packaging Coatings Market by Technology (Waterborne, Solventborne, Energy Curable, Digital), Resin (Polyurethane, Epoxy, Acrylic, Polyester), Application (Rigid, Flexible, Paper), Printing Process, End-use Industry - Global Forecast to 2029

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Packaging Coatings Market Size,  Share & Growth Report
Report Code
CH 9216
RI Published ON
10/29/2024
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