Food & Beverage packaging segment is expected to dominate the Flexible Plastic Packaging Coatings Market

The global market for flexible plastic packaging coatings was valued at US$ 1,533.8 Mn in 2017. The market is forecast to expand at a CAGR of 4.0% during the forecast period, 2018-2026.

Coating are generally a phase in which the adhesive is applied to the medium/substrates. Flexible plastic packaging coatings offer consistent high quality finishes as well as provides protection for a wide range of applications. Some of the key coating types readily available in flexible packaging industry are acrylics coating, epoxy coating, urethane & polyurethane coating, etc.

Manufacturers of flexible plastic packaging coating solutions serve almost every end use including food, beverage, cosmetic & personal care, pharmaceuticals industries, among others; thus providing operational advantages as well as improving value for brand owners.

The global market for flexible plastic packaging coatings is segmented as coating type, coating application, substrate type and end use. Flexible plastic packaging coatings can be used over different substrate types which make them preferable for use. Flexible plastic packaging coatings are commonly used in food & beverage packaging sector. Acrylics, urethane & polyurethane and epoxies are some of the most commonly used packaging coatings. This is due to their feasibility to use and provide perfect finish to the product. Flexible plastic packaging coatings are most commonly used for pharmaceuticals, cosmetics & personal care, chemical packaging and other flexible packaging types. Flexible plastic packaging coatings market is expected to witness maximum revenue from food & beverage segment.

Flexible plastic packaging coatings market is expected to witness high growth in Asia Pacific, it is attributed to the growing packaging industries in the region, especially in countries such as China and India. Although the market is anticipated to dominate by Europe region during the forecast period. In terms of substrate type, polyethylene segment is expected to dominate the global flexible plastic packaging coatings market during the forecast period.

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Food & beverage segment of the flexible plastic packaging coatings market was valued at US$ 921.1 Mn in 2017 and is projected to expand at a CAGR of 3.9% during the forecast period 2018-2026.

Drivers & Restraints

Eye catching packaging has emerged as an ultimate choice across various sectors in the goods packaging industry. Flexible plastic coatings gives product a premium look, which in turn, drives the demand for the coatings in the near future. Brand owners are looking to draw in buyers by offering items positioned on a glossy & luxurious finishes platforms, and package coating is viewed as a method for achieving this scenario. The food and drink industry has been one of the main pioneers of the trend toward more premium forms of packaging. Market for ready to eat food is growing rapidly across all the regions, which is expected to boost the demand for packaging. Appearance together with aesthetics are major factors when designing packaging in retail sector and in others fast-moving consumer goods (FMCGs) industry. A substantial attention is paid towards application of glossy colors, images and graphics on the final packaged product. This has largely fuels the market for flexible plastic packaging coatings across the globe.

Market consolidation to intensify the pricing pressure on manufacturers. As the packaging coatings market in the North America as well as the European region are moving towards consolidation, the pricing pressure has started to build up, tightening the profit margin scope for manufacturers. Additionally, the raw materials – both petroleum and non-petroleum based – account for a major share in the overall cost of sales for flexible plastic packaging coatings. The effect of increasing crude oil prices is also expected to be reflected on the petroleum based raw materials, further exaggerating the pricing burden on market players.

Competitive Landscape

Key players operating in the global market for flexible packaging coatings include 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

In this report, Transparency Market Research offers an 8-year forecast of the Global Flexible Plastic Packaging Coating Market between 2018 and 2026. In terms of value, the global flexible plastic packaging coating market is expected to expand at a CAGR of 4.0% during the forecast period. The study reveals flexible plastic packaging coating market dynamics in five geographic segments along with market analysis for current market environment and future scenario over the forecast period of the global flexible plastic packaging coating market.

Report Description

This Transparency Market Research report studies the global flexible plastic packaging coating market for the period 2018–2026. The key objective of this report is to offer insights and key market trends pertaining to flexible plastic packaging coating market that are gradually helping transform global businesses.

The global Flexible plastic packaging coating market report begins with the executive summary for various categories and their share in the flexible plastic packaging coating market. It is followed by market dynamics and overview of the global flexible plastic packaging coating market, which includes TMR analysis of market drivers, restraints, and trends that are affecting growth of the flexible plastic packaging coating market. Furthermore, to understand the popularity of the Flexible plastic packaging coating segment, the attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of Flexible plastic packaging coating market in each country and region, BPS and Y-o-Y growth analysis is provided.

The global market for Flexible plastic packaging coating is further segmented as coating type, coating applications, by substrate on which this coatings are applied, and end use. On the basis of coating type, the market for flexible plastic packaging coatings is segmented as epoxies coatings, acrylics coatings, urethane & polyurethane coatings, lacquer coatings, plasma coatings, polyesters coatings, phenolic coatings and others coatings segment comprising silicon coatings, hybrid coatings, etc.

 A section of the report highlights the flexible plastic packaging coating market, by region, and provides the market outlook for 2018–2026. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional Flexible plastic packaging coating market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional Flexible plastic packaging coating market for 2018–2026.

On the basis of coating application, flexible plastic packaging coatings are segmented as decorative, protective, heat seal applications, print primer, and others. On the basis of substrate type, the market for flexible plastic packaging coatings is segmented as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polyamide (PA), poly vinyl chloride (PVC), polystyrene (PS), and other substrates  (cellophane, etc.). The polyethylene (PE) substrate segment is further sub-segmented as Low-density Polyethylene (LDPE), High-density Polyethylene (HDPE), and Linear Low-density Polyethylene (LLDPE) whereas the polypropylene (PP) substrate segment is sub-segmented as Biaxially-Oriented Polypropylene (BOPP), and Cast Polypropylene (CPP). On the basis of end use, flexible plastic packaging coating are segmented as Food & Beverage Packaging, Pharmaceutical Packaging, Cosmetics & Personal Care Packaging, Chemical Packaging, Consumer Durables Electronic Goods (CDEG) Packaging, Automotive & Allied Packaging, and Others.  

In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the Flexible plastic packaging coating market is expected to develop in the future. To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the Flexible plastic packaging coating market. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the Flexible plastic packaging coating market and identify the right opportunities across the market.

The market segment for global Flexible plastic packaging coating market have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the Flexible plastic packaging coating market. Another key feature of global Flexible plastic packaging coating market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the Flexible plastic packaging coating market. The overall absolute dollar opportunity along with the segmental split is mentioned in global Flexible plastic packaging coating market.

To understand key growth segments in terms of growth and adoption for Flexible plastic packaging coating market, globally, Transparency Market Research developed the Flexible plastic packaging coating market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.

In the final section of the report on Flexible plastic packaging coating market, the ‘dashboard view’ of the companies is provided, to compare the current industrial scenario and their contribution in Flexible plastic packaging coating market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the Flexible plastic packaging coating marketplace.

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