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North America Packaging Coatings Market Size, Share & Trends Analysis Report By Packaging Type, By End-use, By Resins (Epoxies, Polyurethane, Acrylics, Polyolefins, Polyester, and Others), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 142 Pages
  • July 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988597
The North America Packaging Coatings Market is projected to witness market growth of 4.1% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 254.8 kilo tonnes, showcasing a growth of 20.6% (2020-2023).

Flexible packaging represents a significant and rapidly growing segment in the Market, offering versatile and lightweight solutions for a wide range of applications. Coatings play a vital role in enhancing the performance and functionality of flexible packaging materials such as films, pouches, and wraps. Coatings provide essential properties such as barrier protection against moisture, oxygen, and light, preserving the freshness and shelf life of packaged goods. Consequently, the US market utilized 175.4 kilo tonnes of these coatings in flexible packaging in 2023.



The US market dominated the North America Packaging Coatings Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $1.22 billion by 2031. The Canada market is experiencing a CAGR of 6.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2024 - 2031).

The proliferation of convenience-oriented packaging formats, including single-serve packaging, portion control packaging, and on-the-go packaging solutions, has fueled demand for coatings that offer barrier properties, moisture resistance, and tamper-evident features. As consumers seek convenience and portability in their lifestyles, these coatings are crucial in meeting these evolving needs while maintaining product integrity and freshness.

The applications of these coatings span across a diverse spectrum of industries and product categories, each with unique requirements and specifications. In the food and beverage sector, these coatings preserve perishable goods' flavor, aroma, and nutritional value, extending shelf life and minimizing food waste. Coatings with barrier properties, oxygen scavengers, and antimicrobial agents help protect packaged foods from external contaminants, moisture, and spoilage, ensuring product safety and quality.

Packaging coatings are of utmost importance in Canada's ever-evolving and expanding food and beverage industry. They serve to prolong the shelf life of products, enhance their visual allure, and guarantee product safety. One of the primary drivers of the growing demand for these coatings in Canada is the increasing consumption of packaged foods and beverages. As per the data from the Government of Canada, in 2022, in terms of production value, the food and beverage processing industry held the position of the largest manufacturing sector in Canada, worth $156.5 billion in sales of manufactured products. In 2022, processed food and beverage product exports reached a noteworthy $54.3 billion in value, reflecting a 14.1% growth compared to 2021. This figure accounted for 34.7% of the total value of production. Thus, the rising food and beverage sector in North America will assist in the growth of the regional market.

List of Key Companies Profiled

  • Axalta Coating Systems Ltd.
  • Akzo Nobel N.V.
  • BASF SE
  • Arkema S.A.
  • Berger Paints India Limited
  • Chugoku Marine Paints, Ltd.
  • DuPont de Nemours, Inc.
  • Evonik Industries AG (RAG-Stiftung)
  • Henkel AG & Company, KGaA
  • Kansai Paint Co., Ltd.

Market Report Segmentation

By Packaging Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Flexible Packaging
  • Rigid Packaging
  • Others
By End-use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Food & Beverages
  • Cosmetics
  • Consumer Electronics
  • Pharmaceuticals
  • Others
By Resins (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Epoxies
  • Polyurethane
  • Acrylics
  • Polyolefins
  • Polyester
  • Others
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Packaging Coatings Market, by Packaging Type
1.4.2 North America Packaging Coatings Market, by End-use
1.4.3 North America Packaging Coatings Market, by Resins
1.4.4 North America Packaging Coatings Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Packaging Coatings Market by Packaging Type
4.1 North America Flexible Packaging Market by Country
4.2 North America Rigid Packaging Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Packaging Coatings Market by End-use
5.1 North America Food & Beverages Market by Country
5.2 North America Cosmetics Market by Country
5.3 North America Consumer Electronics Market by Country
5.4 North America Pharmaceuticals Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Packaging Coatings Market by Resins
6.1 North America Epoxies Market by Country
6.2 North America Polyurethane Market by Country
6.3 North America Acrylics Market by Country
6.4 North America Polyolefins Market by Country
6.5 North America Polyester Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Packaging Coatings Market by Country
7.1 US Packaging Coatings Market
7.1.1 US Packaging Coatings Market by Packaging Type
7.1.2 US Packaging Coatings Market by End-use
7.1.3 US Packaging Coatings Market by Resins
7.2 Canada Packaging Coatings Market
7.2.1 Canada Packaging Coatings Market by Packaging Type
7.2.2 Canada Packaging Coatings Market by End-use
7.2.3 Canada Packaging Coatings Market by Resins
7.3 Mexico Packaging Coatings Market
7.3.1 Mexico Packaging Coatings Market by Packaging Type
7.3.2 Mexico Packaging Coatings Market by End-use
7.3.3 Mexico Packaging Coatings Market by Resins
7.4 Rest of North America Packaging Coatings Market
7.4.1 Rest of North America Packaging Coatings Market by Packaging Type
7.4.2 Rest of North America Packaging Coatings Market by End-use
7.4.3 Rest of North America Packaging Coatings Market by Resins
Chapter 8. Company Profiles
8.1 Axalta Coating Systems Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Akzo Nobel N.V.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 SWOT Analysis
8.3 BASF SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Arkema S.A.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Berger Paints India Limited
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 SWOT Analysis
8.6 Chugoku Marine Paints, Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 SWOT Analysis
8.7 DuPont de Nemours, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Evonik Industries AG (RAG-Stiftung)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Henkel AG & Company, KGaA
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Kansai Paint Co., Ltd.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 SWOT Analysis

Companies Mentioned

  • Axalta Coating Systems Ltd.
  • Akzo Nobel N.V.
  • BASF SE
  • Arkema S.A.
  • Berger Paints India Limited
  • Chugoku Marine Paints, Ltd.
  • DuPont de Nemours, Inc.
  • Evonik Industries AG (RAG-Stiftung)
  • Henkel AG & Company, KGaA
  • Kansai Paint Co., Ltd.

Methodology

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