The study involved four major activities in order to estimate the current size of the packaging coatings market. Exhaustive secondary research was conducted to gather information on the market. The next step was to conduct primary research to validate these findings, assumptions, and sizing with the industry experts across the supply chain. Both top-down and bottom-up approaches were used to estimate the total market size. The market size of segments and subsegments was then estimated using market breakdown and data triangulation.
Secondary Research
Secondary sources include annual reports of companies, press releases, investor presentations, white papers, articles by recognized authors, and databases, such as Hoovers, Bloomberg L.P., Factiva, ICIS, and OneSource; and publications and databases from associations, Flexible Packaging Association, Thermoset Resin Formulators Association, PET Association, Sustainable Packaging Initiative for Cosmetics, and European Resin Manufacturers' Association.
Primary Research
Extensive primary research was carried out after gathering information about packaging coatings market through secondary research. In the primary research process, experts from the supply and demand sides have been interviewed to obtain qualitative and quantitative information and validate the data for this report. Questionnaires, emails, and telephonic interviews were used to collect primary data. Primary sources from the supply side include industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the packaging coatings market. Primary interviews were conducted to elicit information such as market statistics, revenue data collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also assisted in comprehending the various trends associated to technology, resin type, application, printing process, end-use industry, and region.
The Breakup of Primary Research:
To know about the assumptions considered for the study, download the pdf brochure
|
PACKAGING COATINGS MANUFACTURERS |
|
The Sherwin-Williams Company |
Stahl Holdings B.V. |
|
AkzoNobel N.V. |
Allnex GMBH |
|
PPG Industries, Inc |
DIC Corporation |
|
Axalta Coating Systems, LLC |
Michelman, Inc |
Market Size Estimation
The following information is part of the research methodology used to estimate the size of the packaging coatings market. The market sizing of the packaging coatings market was undertaken from the demand side. The market size was estimated based on market size for packaging coatings in various technology.
Global Packaging Coatings Market Size: Bottom-Up and Top-Down Approach
Data Triangulation
After arriving at the overall market size, the market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
“According to the “American Coatings Association,” packaging coatings are specialized layers applied to the surfaces of packaging materials to enhance their functionality, durability, and aesthetics. These coatings serve multiple purposes, including protecting the contents from environmental factors like moisture, oxygen, and UV light, improving the barrier properties of the packaging, and offering additional features such as heat resistance or anti-microbial protection. Packaging coatings are widely used in industries such as food and beverages, pharmaceuticals, and cosmetics to ensure product safety and extend shelf life”.
Stakeholders
-
Packaging coatings providers
-
Raw material suppliers
-
Manufacturing technology providers
-
Industry associations
-
Stakeholders in the coatings/packaging industry
-
Traders, distributors, and suppliers of packaging coatings
-
NGOs, government bodies, regional agencies, and research organizations
Report Objectives
-
To describe and forecast the packaging coatings market in terms of value and volume
-
To provide detailed information about the drivers, restraints, opportunities, and challenges influencing the market growth
-
To analyze and forecast the market size based on technology, resin type, application, printing process, end-use industry, and region
-
To forecast the packaging coatings market size for North America, Europe, Asia Pacific, South Africa, and the Middle East & Africa
-
To strategically analyze micromarkets1 concerning individual growth trends, growth prospects, and their contributions to the overall market
-
To assess the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
-
To analyze competitive developments, such as acquisitions, product launches, investments, expansions, agreements, collaborations, and partnerships, in the market
-
To strategically profile the key players and comprehensively evaluate their market shares and core competencies
HIGHEST CAGR MARKET IN 2024-2029
INDIA FASTEST GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Packaging Coatings Market