Press release -
Packaging coatings market to record continuous growth over the next decade
The packaging coatings market is forecast to reach a market value of $15.27 billion by the end of 2012, and is expected to record continuous growth over the next decade.
This is due to packaging demand in emerging countries increasing and the packaging industry in developed markets seeking to add value by utilising innovative coatings, inks and additives.
Furthermore, innovation in the industry and the attempts by packaging providers to capture consumer attention in the crowded marketplaces in developed countries are also expected to increase the packaging coatings market size.
Gains will be driven by a shift toward more productive, expensive and environmental products. New uses include PET beer and juice containers, polypropylene food containers and plastic film bags that house refrigerated products.
Key players in the packaging coatings market include companies such as AkzoNobel N.V., Arkema, ColorMatrix Group, Flint Group, Huber Group, PPG packaging, Sun Chemical Corporation, and Valspar Corporation.
Valspar is the number one global supplier of packaging coatings with the broadest product line in the industry, providing internal and external systems for nearly every rigid packaging end-use.
PPG packaging is one of the world's leading producers of industrial packaging coatings. Each day PPG packaging coatings are used in the manufacturing of more than 200 million beer and beverage cans around the world.
Globally, more beer and beverage aluminium cans are externally protected by PPG packaging coatings than by any other manufacturer. In Europe, PPG is a leading supplier of both interior and exterior coatings for two-piece steel beer and beverage cans. Worldwide, PPG is one of the largest suppliers of interior and exterior can beer & beverage end coatings.
For more information on the packaging coatings market, see the latest research: Packaging Coatings Market
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