Manufacturers of packaging inks and coatings can develop formulations that are organic and eco-friendly . This can prove to be an opportunity for players operating in the market to expand their business and hold a strong share in the global market for packaging inks and coatings .
Packaging Inks and Coatings Market : Region-wise Outlook
In the past few years , the region of has North America accounted for a major share of the global packaging inks and coatings market , due to the use of packaging inks and coatings in the food industry on a large scale . The market in the region is expected to witness steady growth during the forecast period , due to the increasing demand for packed food and beverages .
The market of packaging inks and coatings is in its developmental stages in the region of Asia Pacific . The utilization of packaging inks in food industry in leading economies such as India , Japan , and China is expected to drive the market in this region in the near future .
The market in Europe and Latin America is anticipated to witness rapid growth in the next few days , due to changing lifestyles of the people in these regions . However , the market for packaging inks and coatings in Middle East & Africa is likely to expand at a slower pace as compared to other regions during the forecast period .
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Packaging Inks and Coatings Market : Key Players
Some of the players operating in the global packaging inks and coatings market include AkzoNobel N . V ., Sun Chemical Corporation , PPG Industries Inc ., Siegwerk Druckfarben AG & Co . KGaA , Spring Coating Systems , and FlintGroup .
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