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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