Global Flexible Plastic Packaging Coating Size Market is expected to reach US$ 2,377.28 million by 2030, growing at an estimated CAGR of 4.2% over the forecast period due to rising Inclination towards Multilayer Film-based Products. Given its lightweight properties, the crucial growth factor in the global flexible plastic packaging market is its versatility, durability, and nature is increasingly replacing packaging made of plastic and non-plastic materials like glass and metal. Rigid packaging coated formats are susceptible to breakage and corrosion. Flexible Plastic Packaging Coating Size market is witnessing a notable growth as the technology is increasingly replacing rigid packaging made of non-plastic materials such as glass and metal thanks to its flexibility, durability and lightweight nature. Because of this, usage of multilayer packaged products has increased rapidly across varied industries as well. The move from single layered films to multilayer films comes with different benefits. Such benefits include increased shelf life without compromising the aroma and quality of the product along with decreased risk of contamination. Multilayer packaging ensures reliably, high-quality and fresh food products. It preserves the items and keeps them hygienic, thereby, increasing food shelf-life. This is particularly important considering global food supply as one third of all food produced worldwide is wasted before it approaches the plates of consumers. Intelligent multilayer packaging systems can play a role in reducing this unnecessary waste. Multilayer packaging is sustainable as it does not need much material and can also be made from recycled materials.
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High-tech film packaging solutions of today consist of multiple materials and structures with different properties Multilayer packaging consists of up to 11 different, ultra-thin layers which make it much lighter and thinner than comparable packaging. This also leads to a substantial reduction of CO2 emissions during shipping, in addition to reducing the amount of raw materials used. Multilayer packaging, on the whole, is clearly more resource-efficient than its alternative. E-commerce companies are using a wide range of material alternatives to exploit lightweight packaging, delivering more merchandise with less weight and shielding goods from oxygen and moisture exposure. All these factors are collectively contributing to the growth of Flexible Plastic Packaging Coating Size market. Global Flexible Plastic Packaging Coating Size Market was valued at US$ 1,428.23 million in 2018 and is expected to reach US$ 2,377.28 million by 2027, growing at an estimated CAGR of 4.2% over the forecast period.
The detailed research study provides qualitative and quantitative analysis of Flexible Plastic Packaging Coating Size market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
Key Findings of the Report:
- In terms of revenue, Global Flexible Plastic Packaging Coating Size Market is expected to reach US$ 2,377.28 million by 2027, as there is rising Inclination towards Multilayer Film-based Products.
- The Global Flexible Plastic Packaging Coating Size Market is expected to expand steadily over the forecast period, owing to innovation in packaging material for flexible packaging formats such as pouches, bags, sachets, etc.
- Rising demand of flexible packaging in the food and beverage industry is one of the major factors that will fuel the market in coming years.
- Some of the players operating in the global Flexible Plastic Packaging Coating Size market are Akzo Nobel N.V., Allnex Netherlands B.V. ,Altana AG, American Packaging Corporation,BASF SE ,Bostik SA ,Glenroy, Inc.,Jamestown Coating Technologies ,Kansai Paint Co.,Ltd. DSM Coating Resins B.V. ,Michelman, Inc. ,Paramelt B.V. Plasmatreat,PPG Industries, Inc. ,Schmid Rhyner AG ,Sierra Coating Technologies LLC ,Wcker Chemie AG. amongst others.
By Substrate Type
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Polyamide
- Poly Vinyl Chloride
- Others
By Coating Type
- Epoxies Coating
- Acrylics Coating
- Urethane and Polyurethane Coatings
- Plasma Coating
- Polyester Coating
- Others
By End-user Type
- Food and Beverage Packaging
- Pharmaceutical Packaging
- Cosmetics and Personal Care Packaging
- Chemical Packaging
- Consumer Durables and Electronics Goods (CDEG) Packaging
- Others
By Geography
- North America
- S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Norway
- Sweden
- Benelux Union
- Belgium
- The Netherlands
- Luxemburg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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