PUBLISHER: The Business Research Company | PRODUCT CODE: 1694707
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694707
Packaging inks and coatings play a crucial role in enhancing the visual appeal and protection of various packaging materials such as paper, plastic, and metal. These specialized materials are designed to provide color, graphical elements, and protective layers that improve durability, barrier properties, and tactile qualities.
The main types of packaging inks and coatings include flexible plastic, rigid plastic, metal, and paper. Flexible plastic is known for its ability to bend and flex without breaking, making it ideal for applications in advertising, electronics, retail, and more. These materials are used by industries such as cosmetics, food and beverage, pharmaceuticals, industrial products, and others.
The packaging inks and coatings market research report is one of a series of new reports from The Business Research Company that provides packaging inks and coatings market statistics, including packaging inks and coatings industry global market size, regional shares, competitors with a packaging inks and coatings market share, detailed packaging inks and coatings market segments, market trends and opportunities, and any further data you may need to thrive in the packaging inks and coatings industry. This packaging inks and coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The packaging inks and coatings market size has grown strongly in recent years. It will grow from $4.98 billion in 2024 to $5.28 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to development of new printing technologies and coating formulations, evolving environmental and safety regulations, growing awareness and demand for sustainable and eco-friendly packaging solutions, increasing global movement of goods.
The packaging inks and coatings market size is expected to see strong growth in the next few years. It will grow to $6.66 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing demand for sustainable and eco-friendly packaging solutions, growing preference for digital printing technologies in the packaging industry, rising awareness and adherence to stringent regulatory requirements for food and pharmaceutical packaging, expanding e-commerce activities, continuous advancements in packaging materials and technologies. Major trends in the forecast period include increased emphasis on sustainable inks and coatings, advancements in uv-curable inks, smart packaging integration.
The packaging ink and coatings market is anticipated to experience growth driven by the increasing popularity of e-commerce. E-commerce, which involves buying and selling goods and services online, relies on packaging inks and coatings to ensure product protection, enhance brand visibility, and meet consumer expectations. For example, the US Census Bureau reported that US retail e-commerce sales reached approximately $271.7 billion in the third quarter of 2023, reflecting a 0.9% increase from the previous quarter, with e-commerce sales accounting for 14.9% of total sales during that period. This trend underscores the importance of packaging inks and coatings in meeting the needs of the growing e-commerce market, highlighting the market's potential for further expansion.
Key companies in the packaging ink and coatings market are prioritizing the development of innovative products, such as water-based inks, to address sustainability demands and minimize environmental impact. Water-based inks utilize water as the primary solvent, making them more eco-friendly and safer compared to solvent-based inks that contain volatile organic compounds (VOCs). For example, in January 2024, Sun Chemical Corporation, a US-based chemicals company, introduced the SunStrato AquaLam Gen2 Ink Series. This water-based ink solution is specifically designed for printing high-quality laminated and retortable flexible packaging. The SunStrato AquaLam Gen2 series enhances printability and bond strength while achieving an 18-20% reduction in VOC and CO2 emissions compared to traditional solvent-based inks.
In April 2022, Siegwerk Druckfarben AG & Co. KGaA, a German ink manufacturer, acquired La Sorgente Spa for an undisclosed sum. This acquisition expands Siegwerk's presence in Italy, enhancing its local coverage, infrastructure, and service offerings for packaging printers. La Sorgente Spa, based in Italy, specializes in manufacturing water-based and solvent-based flexographic inks for paper and board applications.
Major companies operating in the packaging inks and coatings market report are Fujifilm Corporation, PPG Industries Inc., Arkema S.A, Axalta Coatings Systems, Sun Chemical, ALTANA AG, Flint Group, Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Toyo Ink SC Holdings Co. Ltd., Huber Group, Colorcon, T&K TOKA Corporation, Tokyo Printing Ink Mfg. Co. Ltd., Zeller+Gmelin GmbH & Co. KG, Nazdar Company, Wikoff Color Corporation, INX International Ink Co., Marabu GmbH & Co. KG, Epple Druckfarben AG, Doneck Euroflex S.A., Paragon Inks, Van Son Holland Ink Corporation, Pulse Roll Label Products Ltd., BCM Inks, RUCO Druckfarben
North America was the largest region in the packaging inks and coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging inks and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the packaging inks and coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The packaging inks and coatings market consists of sales of UV (ultraviolet) inks, direct food contact inks, water-based inks, scratch-off inks, and specialty formulations. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Packaging Inks and Coatings Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on packaging inks and coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for packaging inks and coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The packaging inks and coatings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.