The global packaging coatings market is expected to grow from USD 4.21 billion in 2024 to USD 5.37 billion by 2029, registering a compound annual growth rate (CAGR) of 5% over the forecast period, according to ResearchAndMarkets.com.
Middle East & Africa Poised for the Second-Highest Growth Rate in Volume
The Middle East & Africa region is projected to be the second-fastest-growing market for packaging coatings, driven by the rapid expansion of the food & beverage and consumer goods industries. Rising per capita income and shifting consumer preferences for packaged products contribute to this growth. Additionally, the region’s industrial and manufacturing sectors are expanding, increasing the demand for coatings that enhance product longevity, particularly in challenging climatic conditions.
Economic diversification policies in Gulf countries—particularly in retail, healthcare, and infrastructure—are further fueling demand for high-quality packaging solutions. Meanwhile, stricter environmental regulations and product safety standards are accelerating innovations in sustainable and high-performance coatings.
Competitive Landscape
Key players in the packaging coatings market include:
- The Sherwin-Williams Company (US)
- PPG Industries, Inc. (US)
- AkzoNobel N.V. (Netherlands)
- Altana Group (Germany)
- Axalta Coating Systems, LLC (US)
- DIC Corporation (Japan)
- Stahl Holdings B.V. (Netherlands)
Market Segmentation
The packaging coatings market is categorized based on:
- Technology: Waterborne Coatings, Solvent-borne Coatings, Energy Curable (UV/EB) Coatings, Digital Inkjet Coatings, and Others.
- Resin Type: Polyurethane, Acrylic, Epoxy, Polyester, and Other Resin Types.
- Application: Rigid Packaging, Flexible Packaging, and Paper Packaging.
- Printing Process: Flexography, Gravure, Digital, Lithography, and Others.
- End-Use Industry: Food & Beverage, Medical & Pharmaceutical, Industrial Goods, and Other Sectors.
This growing market reflects a strong shift toward environmentally friendly and high-performance coatings, shaping the future of sustainable packaging solutions.
