According to Fact.MR, a market research and competitive intelligence provider, the Packaging Coating Market is projected to reach US$ 3.5 billion in 2023 and US$ 6.8 billion, growing at a CAGR of 6.8% by the end of 2033. Metal cans, plastic tubes, and other substrates used in packaging can all benefit from coatings for performance, decoration, and protection.

The packaging coatings market has many prospects due to the expanding packaging sector. The act of packaging involves designing a container for a consumer commodity. End users can distinguish their brands with packaging, which also makes it simple for customers to recognize their items.

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Key Companies Profiled

• Axalta Coating System
• DuPont
• Solvay S.A
• Nippon Paint
• Kansai Paints
• Evonik Industries
• BASF SE

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Metal Packaging Coatings Market: The global metal packaging coatings market is poised to embark on a positive growth trajectory, registering a CAGR of ~5% across the forecast period (2020-2030). Premiumization has emerged as an ultimate choice across various sectors in the beverage packaging industry.

Metal Coating Market: The global metal coatings market is estimated at USD 15.3 Billion in 2022 and is forecast to reach USD 30.8 Billion by 2032, growing at a CAGR of 6.9% during 2022-2032. As per a recent industry analysis by Fact.MR - market research and competitive intelligence provider, global metal coatings market enjoyed a growth of nearly 5.3% by value during 2017-2021 and has been valued at USD 14.3 Billion in 2021.

Architectural Coatings Market: The architectural coatings market accumulated a market value of US$ 77,888 Mn in 2021 and is expected to register a positive CAGR of 4.52% in the assessment period 2022-2032 by garnering a market value of US$ 121,000 Mn.

Steel Pipe Coatings Market: The global steel pipe coatings market is estimated to be valued at US$ 8.8 billion in 2023 and it is expected to grow at a CAGR of 4.7% to reach US$ 14.0 billion by the end of 2033. Coatings for pipes are more successful than other corrosion prevention techniques including cathodic protection, sacrificial anodes, and inhibitors. As a result, steel pipe coating is gaining traction.

Medical Flexible Packaging Market: The global medical flexible packaging market is estimated at USD 25.7 Billion in 2022 and is forecast to surpass USD 40.9 Billion by 2032, growing at a CAGR of 4.7% from 2022 to 2032. The global medical flexible packaging market accounts for ~30% of the global medical packaging market in 2022.