The global Liquid Packaging Extrusion Coatings Market is expected to reach USD 6.78 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the increasing demand from packaging industries and popularity of additive manufacturing process.
Extrusion coating process is used for a range of applications including liquid packaging, aseptic drink containers, flexible packaging, toothpaste tubes, medical packaging, industrial wraps, insulation backed materials, and plastic coated tablecloths, as well as sacks for products as diverse as cement, cereal grain, and dry chemicals.
Extrusion coatings also present a blend of substrates, which when once combined, would be challenging to separate. The blended substrate obtains excellent enhanced physical properties and barrier protection performance from its component elements.
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Top Players in the Global Liquid Packaging Extrusion Coatings Market:
Akzo Nobel N.V., The Sherwin Williams Company, PPG Industries, DowDupont, Optimum Plastics, Dura Coat Products Inc., Davis-Standard LLC, The Lubrizol Corporation, Qenos Pty Ltd., Transcendia, Borealis AG, Chevron Phillips Chemical Company, Westlake Chemical Corporation, LyondellBasell Industries Holdings B.V., Celanese Corporation, and SABIC.
Further key findings from the report suggest
- The market is segmented on the basis of resin type low density polyethylene (LDPE), high density polyethylene (HDPE), ethylene vinyl acetate (EVA), ethylene butyl acrylate (EBA), polypropylene, polyethylene and terephthalate.
- LDPE dominated the resin segment in 2020 and is forecasted to have a growth of 4.1% during the forecast period.
- LDPE resin's high melt strength, toughness and flexibility, makes them suitable for a range of applications such as food packaging, light-to-heavy duty bag packaging, and textile packaging.
- The market is segmented on the basis of process into extruder, die, air gap, nip assembly and chill roll, edge trimming, reeling and wind-up equipment, and coextrusion.
- The market is segmented on the basis of substrate into paper paperboard, polymer film, aluminum foil and others.
- Paper paperboard dominated the substrate segment in 2020 and is forecasted to grow at a CAGR of 4.7% during the forecast period, due to its recyclability, low cost, and environment-friendliness.
- The market is segmented on the basis of applications into liquid packaging, flexible packaging, photographic film, transport packaging, mills and industrial wrapping, sack lining, pharmaceutical packaging, and personal care cosmetic packaging.
- Liquid packaging dominated the segment, accounting for ~40% of the market.
- The dominance is due to the large-scale application of these coatings in liquid packaging by the food and beverage industry, to prevent any leakage or contamination of the liquid.
- The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA.
- The Asia Pacific region, mainly due to China, India, Japan, South Korea, and Indonesia, is forecasted to dominate the market throughout the forecast period, with a CAGR of 4.9% during the forecast period, due to the demand in the food beverages industry for food packaging.
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Market segmentation based on Resin Type Outlook:
- Low Density Polyethylene (LDPE)
- High Density Polyethylene (HDPE)
- Ethylene Vinyl Acetate (EVA)
- Ethylene Butyl Acrylate (EBA)
- Polypropylene
- Polyethylene Terephthalate
By Process Outlook:
- The Extruder
- The Die
- The Air Gap
- Nip Assembly and Chill Roll
- Edge Trimming
- Reeling and Wind-up Equipment
- Coextrusion
By Substrate Outlook:
- Paper Paperboard
- Polymer Film
- Aluminum Foil
- Others
By Application Outlook:
- Liquid Packaging
- Flexible Packaging
- Photographic Film
- Transport Packaging
- Mills and Industrial Wrapping
- Sack Lining
- Pharmaceutical packaging
- Personal Care Cosmetic Packaging
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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