Packaging Primer Market (Primer - Water-based Coatings, Solvent-based Coatings, and Other Coatings; Application - Film, Aluminium Makers, Paper and Aluminium Converting, Paper Coaters and Makers, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on packaging primer market provides in-depth analysis of segments and sub-segments in the global as well as regional packaging primer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional packaging primer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global packaging primer market.

Market Insight:

The global packaging primer market was valued at USD 924.37 million in 2022 and is expected to reach USD 1456.47 million in 2030, with a CAGR of 6.15% during the forecast period 2023-2030.

Packaging primers are adhesive coatings applied to different packaging materials with the aim of improving their performance. These primers serve various purposes, including enhancing high-quality printing, providing features such as anti-blocking, slip control, moisture resistance, and release properties. Packaging primers are available in different formulations, including water-based, solvent-based, and wax and poly coatings. Poly and solvent-based coatings are known for delivering reliable and high-quality print finishes, as well as offering protection for a wide range of applications. Manufacturers of packaging primer solutions cater to diverse industries such as beverage, food, personal care and cosmetics, pharmaceuticals, and more, covering almost all end uses within these sectors.

The packaging primer market is primarily driven by the increasing demand for sustainable packaging solutions. This demand stems from a shift in consumer preferences towards environmentally conscious products and the increasing focus on reducing waste and minimizing environmental impact. As consumers become more aware of the ecological consequences of packaging waste, they actively seek packaging materials and solutions that are recyclable, biodegradable, and made from renewable resources. In addition, the rapid growth of the global food and beverage industry is fueling the demand for packaging primers as these primers play a crucial role in protecting food and beverage products, extending their shelf life by safeguarding them against moisture, oxygen, and other contaminants. Although, rising raw material prices and challenges with recyclability can hinder the growth of the market. Nonetheless, the introduction of water-based coatings presents opportunities for the growth of the packaging primer market.

The packaging primer market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is expected to hold a maximum share of the packaging primer market during the projected period. The increasing industrialization in the countries such as India, China, and Japan is responsible for the increasing growth of the market. The Asia Pacific region has experienced significant industrial growth, establishing numerous manufacturing facilities across various industries. This industrialization has led to a higher demand for packaging materials and, subsequently, packaging primers. Industries such as food and beverages, pharmaceuticals, consumer goods, and manufacturing in the region are major consumers of packaging primers. Thus the increasing population, rising disposable incomes, and changing lifestyles in countries like India and China have driven the demand for packaged goods. This, in turn, has fueled the need for efficient packaging solutions and quality packaging primers. Moreover, the North America region is anticipated to grab a significant share of the market due to the presence of several key players and the potential for investment in product development. The United States, in particular, is expected to be the major contributor to the market's growth in North America, with its strong market presence and focus on innovation and advancement in packaging primer technologies.

Report Scope of the Packaging Primer Market:

Segment wise revenue contribution in the global packaging primer market

The report on global packaging primer market provides a detailed analysis of segments in the market based on Primer, and Application.

Segmentation Based on Primer

·       Water-based Coatings

·       Solvent-based Coatings

·       Other Coatings

Segmentation Based on Application

·       Film

·       Aluminium Makers

·       Paper and Aluminium Converting

·       Paper Coaters and Makers

·       Others

Company Profiled:

·       The Sherwin-Williams Company

·       PPG Industries, Inc.

·       Akzo Nobel N.V.

·       BASF SE

·       Coim Group

·       ACTEGA Terra

·       Mica Corporation

·       DIC CORPORATION

·       Michelman, Inc.

·       Aqua Based Technologies

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the packaging primer market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.