The market for packaging coatings is expected to increase to 2020
Through 2020, the market for packaging coatings is expected to increase 1.9% per year to 60 million gallons. Gains will represent a strong acceleration in growth compared with the 2010-2015 performance, in which demand was nearly flat. Demand for packaging coatings will match gains in packaging shipments through 2020, although coating requirements will be limited to some degree by the utilization of more efficient coatings and application technologies. However, coatings demand will benefit from healthy growth in paper packaging shipments and an acceleration in the output of metal packaging.
According to analyst Matt Hurley, “Coatings will continue to be valued in the packaging industry for their ability to impart performance enhancing qualities such as barrier properties and antistatic capabilities.” These and other trends are presented in "Manufacturing (OEM) Coatings Market in the U.S.," a new study from The Freedonia Group (freedoniagroup.com).