Technavio analyzes that the Packaging Inks and Coatings Market is expected to grow at a CAGR of 6.88% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8.54 billion.There are various factors that contribute to the growth of the market. The packaging inks and coatings market is experiencing significant growth due to the increasing demand from emerging economies. These regions, driven by industrialization and urbanization, are witnessing a surge in consumer goods production and export. Consequently, there is a heightened need for high-quality packaging solutions to protect and enhance the appearance of these products. Packaging inks and coatings play a crucial role in this process, providing functionality and aesthetics to the final product. As a result, market expansion in emerging economies is expected to drive the growth of the packaging inks and coatings industry in the coming years.
In the dynamic packaging market, various sectors including flexible plastics, rigid plastics, metals, electronics, retail, and advertising, require high-performance inks and coatings for enhancing product integrity, ensuring safety, and boosting brand advertising. Sakata Inx Corp., a leading global provider of coatings and inks, caters to diverse industries with its extensive portfolio of UV, EB, and LED lithographic inks and coatings. These advanced offerings, suitable for use in binder, sheetfed, and energy curable applications, deliver superior image quality, long plate life, and low ink consumption. Despite the benefits, lithographic printing faces challenges such as longer setup times and hazardous waste generation. However, the rising demand for printing inks in the packaging industry, fueled by factors like changing consumer preferences, e-commerce growth, and evolving retail landscapes, continues to drive market expansion.
Know which region is leading the market growth by requesting a sample report
Packaging Inks and Coatings Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The Packaging Inks and Coatings Market encompasses products that enhance the aesthetics and functionality of packaging through various elements. These include color, graphic designs, branding, and product information. Visual appeal is crucial, with protective layers ensuring durability and barrier properties for demand returning. Materials like resins, pigments, and solvents are used to create Ink Types such as Water Based and UV Cured. Printing Technologies like Flexographic, Digital, Gravure, and Lithographic, as well as Screen, are employed for decoration and information dissemination on the packaging surface.
The Packaging Inks and Coatings market is a significant segment of the global Specialty Chemicals industry, encompassing companies that produce high-value-added chemicals for the manufacturing of various products, such as pigments, coatings, adhesives, and sealants. According to Technavio, the global Specialty Chemicals market is expected to grow due to several key factors. These include the increasing demand for specialty adhesives and sealants, which offer enhanced product functionality and branding through aesthetics, color, graphic elements, and protective layers. Additionally, consumer preferences for product freshness, regulatory requirements, safety and compliance, shorter print runs, and product safety are driving the market's growth. The market's size is determined by the combined revenue generated by manufacturers in this sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
