According to IMARC Group latest report titled” Packaging Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global packaging coatings market size to exhibit moderate growth during the next five years.
Market Trends:
Packaging coatings are specialized chemical agents applied on the inside or on the surface of packaging products. They are used in cans, closures, metal-, plastic- and paper-based containers, and industrial packaging products. Some of the most commonly available resins for packaging coatings include epoxy resins, acrylic resins, polyester and polyurethane resins. These coatings aid in increasing the shelf-life of and provide environmental protection, corrosion resistance and aesthetic appeal to the product. On account of these benefits, packaging coatings are extensively used in the food and beverages (F&B), personal care and healthcare industries.
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The widescale utilization of improved packaging solutions in the food and beverages industry is primarily driving the global packaging coatings market. Besides this, the expansion in the retail and e-commerce sectors, and rapid industrialization and urbanization, especially in the developing economies, are contributing to the market growth. Furthermore, the increasing application of acrylic-based coatings is also impacting the market growth positively. Acrylic variants offer high transparency, durability and resistance to stains, blistering, heat and cracking to various consumer goods products. Extensive research and development (R&D) activities to develop sustainable packaging coatings are acting as another major growth-inducing factor.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Akzo Nobel N.V.
- Arkema Group
- Axalta Coating Systems LLC
- BASF SE
- Mantrose-Haeuser Co. Inc.
- PPG Industries Inc.
- Sun Coating Company
- The Dow Chemical Company
- The Valspar Corporation
- Wacker Chemie AG Ltd.
Packaging Coatings Market Segmentation:
Our report has categorized the market based on Region, Substrate, Resin, Formulation and Application.
Market Breakup by Substrate:
- Plastic
- Metal
- Paper
- Glass
- Others
Market Breakup by Resin:
- Epoxy
- Acrylic
- Polyurethane
- Polyester
- Others
Market Breakup by Formulation:
- Water-Based
- Solvent-Based
- Radiation-Cured
- Powder-Based
Market Breakup by Application:
- Beverages
- Food Products
- Caps and Closures
- Monobloc and Tubes
- Others
Market Breakup by Region:
- Europe
- Asia Pacific
- North America
- Latin America
- Middle East and Africa
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/packaging-coatings-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
The newly added Packaging Coatings Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the packaging coatings market include Akzo Nobel N.V., Arkema Group, Axalta Coating Systems LLC, BASF SE, Mantrose-Haeuser Co. Inc., PPG Industries Inc., Sun Coating Company, The Dow Chemical Company, The Valspar Corporation, Wacker Chemie AG Ltd., etc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Packaging Coatings Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/packaging-coatings-market/download-sampleMarket DynamicsThe rising e-commerce industries, coupled with the rapid industrialization and urbanization across the globe, is one of the major factors driving the market.
Other factors, including the increasing consumer inclination for attractive packaging, technological advancements are projected to drive the market further.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues during the forecast period 2018 to 2027.
These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
By 2018, the metal packaging coatings market is likely to envisage 3.8% y-o-y over 2017, according to a recent market study published by Fact.MR.Key stakeholders in the Metal Packaging Coatings market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=2433The study also offers scrutiny of the changing government policies amid COVID-19 disruptions.
Policymakers in developing and developed nations are framing new regulations to meet the continuing macrocosmic shocks by COVID-19 pandemic.
