Packaging Inks and Coatings Market Growth Trajectory Through 2024-2033

The Packaging Inks and Coatings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Packaging Inks and Coatings Global Market Report 2024, The packaging inks and coatings market size is expected to see strong growth in the next few years. It will grow to $6.28 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing demand for sustainable and eco-friendly packaging solutions, growing preference for digital printing technologies in the packaging industry, rising awareness and adherence to stringent regulatory requirements for food and pharmaceutical packaging, expanding e-commerce activities, continuous advancements in packaging materials and technologies. Major trends in the forecast period include increased emphasis on sustainable inks and coatings, advancements in uv-curable inks, smart packaging integration.

The growing popularity of e-commerce is expected to propel the growth of the packaging ink and coatings market going forward. E-commerce refers to the buying and selling of goods and services over the Internet, encompassing online retail platforms, digital payment systems, and electronic transactions. Packaging inks and coatings in e-commerce are primarily used to ensure product protection, brand visibility, and consumer satisfaction through durable and visually appealing packaging solutions. For instance, in November 2023, according to the US Census Bureau, a US-based Department of Commerce, US retail e-commerce sales reached approximately $271.7 billion in the third quarter of 2023, showing a 0.9% growth from the previous quarter. Further, E-commerce sales accounted for 14.9% of total sales in the third quarter of 2023. Therefore, the growing popularity of e-commerce is driving the growth of the packaging ink and coatings market.

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The packaging inks and coatings market covered in this report is segmented –

1) By Type: Flexible Plastic, Rigid Plastic, Metal, Paper
2) By Application: Advertising, Electronic, Retail, Other Applications
3) By End-user: Cosmetics, Food And Beverage, Pharmaceuticals, Industrial, Other End-Users

Major companies operating in the packaging ink and coatings market are increasing its focus on introducing solvent-based ink to gain a competitive edge in the market. The solvent-based ink is a printing ink formulation that uses organic solvents as the liquid carrier or vehicle. For instance, in September 2021, Flint Group US LLC, a US-based manufacturer of conventional and UV printing inks, launched its ONECode solvent-based ink and coating range for flexible packaging in Europe. As part of this range, the company introduced ONECode Universal Bases, which are designed to provide the ultimate print flexibility and efficiency in the gravure print process. By simplifying the flexible packaging printing process, improving print quality, and reducing ink consumption and waste, the ONECode range aims to make the printing process more efficient.

The packaging inks and coatings market report table of contents includes:

1. Executive Summary
2.Packaging Inks and Coatings Market Characteristics
3.Packaging Inks and Coatings Market Trends And Strategies
4.Packaging Inks and Coatings Market analysis
5.Packaging Inks and Coatings Market Size And Growth
6.Packaging Inks and Coatings Segmentation
7.Packaging Inks and Coatings Regional And Country Analysis
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27.Packaging Inks and Coatings Competitive Landscape And Company Profiles
28.Packaging Inks and Coatings Key Mergers And Acquisitions
29.Packaging Inks and Coatings Future Outlook and Potential Analysis

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