Packaging Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

Packaging plays a significant role in every manufacturing process. Manufacturers and packers are paying noteworthy attention to packaging for ensuring product safety, ease in supply chain, promoting sales, and increasing consumer convenience. Hence, packaging coatings plays a major role in improving the packaging process with a view to attain the above mentioned attributes. Packaging coating not only helps enhance the packaging process by providing additional protection, corrosion resistance, and numerous chemical attributes, but also helps in improving the overall aesthetic characteristics of the packaging form. The growing application areas of packaging are estimated to benefit the global packaging coatings market. Changing lifestyle and food habits are estimated to be the major reasons for the rise of the food and beverages sector, which is a major application segment for the global packaging coating market. Rise in consumption and manufacturing of PET bottles is also estimated to be a major growth contributor for the global packaging coating market.

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The global packaging coatings market is primarily driven by the growth witnessed in the packaging industry. Global, the packaging industry is estimated to expand at CAGR of 4% over the forecast period. The growing scope of packaging in various products, especially in consumer goods and food and beverages industry, is estimated to further drive growth of the globally packaging coatings market in the coming years. The increasing need for maintaining original quality and taste and keeping a check on contamination are pushing manufacturers to use packaging coatings, especially in the food and beverages market. On the other hand, stringent government laws and regulations, especially in terms of food and beverages packaging, is expected to restrain growth of the global packaging coatings market in the coming years....