Market Size of Packaging Coatings Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 5.70 Billion |
| Market Size (2029) | USD 7.08 Billion |
| CAGR (2024 - 2029) | 4.45 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Packaging Coatings Market Analysis
The Packaging Coatings Market size is estimated at USD 5.70 billion in 2024, and is expected to reach USD 7.08 billion by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).
- The impact of COVID-19 on the global packaging coatings market was largely negated, and the market reached pre-pandemic levels.
- Over the short term, the increasing demand for food and beverage packaging and the growing utilization of packaging coatings in aerosol cans for the personal care industry are expected to drive market demand during the forecast period.
- However, on the flip side, increasing VOC emission constraints are likely to hinder the market's growth.
- Furthermore, the growing inclination for eco-friendly packaging coatings is likely to act as an opportunity for the market.
- The Asia Pacific region accounts for the highest market share and is expected to dominate the market during the forecast period.
