Packaging type, which offers various additional features such as easy-to-peel opening and pressure-sensitive reclosures are considered as functional packaging types, which includes flexible pouches and stick packs among others. Coating solutions such as primers are used to add features such as easy peeling to the packaging. For instance, BASF SE offers resin solutions, emulsions, dispersions, and additives, which find application as barrier coatings (for paper and board substrates), heat seal adhesives (heat-seal lacquers including primers for film & foil), pre- & post-metallization coatings, and print primers required in functional packaging.

Market Dynamics:

  • Rising consumer demand of food and personal care products having functional packaging options, attributed to properties offered by functional packaging, is expected to drive the growth of functional packaging coatings market over the forecast period.
  • Functional packaging offers benefits such as it retains freshness of the products with its secured seal, which ensures higher shelf life of the product, ease of use and convenience offered by functional packaging such as no requirement of scissors or other tools to open the packaging, ability to reseal/close, and portable size & packaging that is essential for traveling. Therefore benefits offered by such functionalities in packaging are expected to drive growth of functional packaging coatings market.

Market Outlook:

  • Among regions, Asia Pacific is expected to witness significant growth over the forecast period in global functional packaging coatings market, owing to growing flexible packaging industry in the region. Functional coatings are applied on flexible packaging such as pouches used for packaging of food as well as personal care products.
  • Moreover, increasing investments by players operating in flexible packaging industry in countries such as India and China, in turn are expected to drive demand for functional packaging coatings in the region over the forecast period. For instance, in October 2016, Huhtamaki PPL Limited, which offers various packaging solutions, announced its plans of investing around US$ 9.0 million for expansion of its flexible packaging and labels businesses in India.
  • Among applications, food packaging segment is expected to witness significant growth over the forecast period, owing to growing food packaging industry across the globe. For instance, according to the data released by Flexible Packaging Association in June 2019, the U.S. flexible packaging industry was valued at US$ 31.8 billion in 2018, of which food (retail and institutional) held the largest market share of shipments accounting for around 59% in the U.S. flexible packaging market in 2018.

Key players:

  • Key players operating in the global functional packaging coatings market include BASF SE, SAES Getters S.p.A, Michelman Inc., Stora Enso, Solvay, Sun Chemical Corporation, Henkel AG & Co. KGaA, Sierra Coating Technologies LLC, Toyochem Co., Ltd, and DataLase Ltd.

Market Taxonomy:

On the basis of coating type, the global functional packaging coatings market is segmented into:

  • Polymers
    • PVdC
    • EVOH
    • Others (PVOH and Others)
  • Aluminum Oxide
  • Silicone
  • Others (Bio-based Coatings, Wax, and Others)

On the basis of product type, the global functional packaging coatings market is segmented into:

  • Water-based/borne
  • Solvent-based
  • Others (Solid Primers, UV Cured, and Others)

On the basis of application, the global functional packaging coatings market is segmented into:

  • Food Packaging
  • Beverage Packaging
  • Beauty & Personal Care Products Packaging
  • Home Care Products Packaging
  • Others (Pharmaceutical Packaging and Others)

On the basis of region, the global functional packaging coatings market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
    • Africa
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users