Packaging Primer Market Trends and Forecast
The future of the global packaging primer market looks promising with opportunities in the flexible packaging and rigid packaging markets. The global packaging primer market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increasing demand for eco-friendly packaging solutions and growing emphasis on product safety and protection.
• Lucintel forecasts that water-based primer is expected to witness the higher growth over the forecast period.
• Within this market, flexible packaging is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: In the United States, the packaging primers market has witnessed recent developments driven by increasing demand for eco-friendly packaging solutions. Companies like PPG Industries have announced initiatives to develop water-based primers with low VOC (volatile organic compound) emissions, aligning with environmental regulations and consumer preferences for sustainable products. PPG Industries aims to achieve a significant reduction in its carbon footprint by 2025 through the adoption of eco-friendly primer formulations. The U.S. government has set targets to promote the use of environmentally sustainable materials in packaging, encouraging companies to invest in innovative primer technologies that minimize environmental impact.
India: In India, companies such as Asian Paints have been investing in research and development to enhance the performance and sustainability of packaging primers. Asian Paints announced plans to introduce primer formulations that are specifically designed for Indian climate conditions, providing better adhesion and corrosion resistance for packaging materials. The company aims to capture a larger share of the Indian packaging primer market by offering tailored solutions to meet the needs of local manufacturers. The Indian government has set targets to reduce pollution and promote sustainable development, creating opportunities for companies to innovate and invest in eco-friendly primer technologies.
China: In China, the packaging primers market has experienced significant growth driven by the expansion of the manufacturing sector and increasing investments in infrastructure projects. Companies like AkzoNobel have announced initiatives to develop primer coatings that offer superior protection against corrosion and abrasion, catering to the growing demand from industries such as automotive and electronics. AkzoNobel aims to achieve a leadership position in the Chinese primer market by focusing on product innovation and customer service. The Chinese government has introduced policies to promote the use of high-quality coatings in packaging to improve product durability and reduce environmental pollution.
Germany: In Germany, companies like BASF have been leading the way in developing sustainable primer solutions for the packaging industry. BASF announced plans to launch bio-based primer formulations made from renewable raw materials, reducing reliance on fossil fuels and minimizing carbon emissions. The company aims to meet the growing demand for eco-friendly packaging primers in the German market while supporting the countryÄX%$%Xs transition to a circular economy. The German government has set ambitious targets to increase the use of renewable resources and reduce greenhouse gas emissions, providing incentives for companies to invest in sustainable primer technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaging Primer by Segment
The study includes a forecast for the global packaging primer by type, application, and region.
Packaging Primer Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Water-based Primer
• Solvent-based Primer
Packaging Primer Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Flexible Packaging
• Rigid Packaging
• Others
Packaging Primer Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaging Primer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaging primer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaging primer companies profiled in this report include-
• PPG Industries
• Akzo Nobel
• DIC Corporation
• Siegwerk
• Mitsui Chemicals
• Hubergroup
• Actega Terra
Recent Development in the Packaging Primer Market
PPG Industries: PPG Industries, a leading global supplier of coatings and specialty materials, has been focusing on developing environmentally sustainable packaging primer solutions. The company recently announced the launch of its water-based primer formulations with low VOC emissions. These eco-friendly primers offer manufacturers an alternative to traditional solvent-based products, reducing environmental impact and improving indoor air quality. PPG Industries aims to meet the growing demand for sustainable coatings in the packaging industry while aligning with regulatory standards for emissions reduction.
Asian Paints: Asian Paints, a prominent player in the coatings industry, has been investing in research and development to enhance the performance and sustainability of packaging primers. The company unveiled its latest range of primer formulations designed specifically for the Indian market. These primers offer improved adhesion and corrosion resistance, addressing the unique climate conditions and packaging requirements in India. Asian Paints aims to capture a larger share of the Indian packaging primer market by providing tailored solutions to meet the needs of local manufacturers.
AkzoNobel: AkzoNobel, a multinational company specializing in paints and coatings, has been innovating in the field of packaging primers to cater to diverse industry needs. The company introduced advanced primer coatings that offer superior protection against corrosion and abrasion, targeting industries such as automotive and electronics. AkzoNobelÄX%$%Xs high-performance primers enhance the durability and longevity of packaging materials, ensuring product integrity throughout the supply chain. The companyÄX%$%Xs focus on product innovation and customer service has positioned it as a key player in the global packaging primer market.
BASF: BASF, one of the worldÄX%$%Xs largest chemical companies, has been leading the way in developing sustainable primer solutions for the packaging industry. The company recently announced the launch of bio-based primer formulations made from renewable raw materials. These eco-friendly primers reduce reliance on fossil fuels and minimize carbon emissions, supporting the transition to a circular economy. BASFÄX%$%Xs commitment to sustainability and innovation has earned it recognition as a preferred supplier of environmentally responsible coatings for packaging applications.
Features of the Global Packaging Primer Market
Market Size Estimates: Packaging primer market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaging primer market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaging primer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the packaging primer market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaging primer market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the packaging primer market size?
Answer: The global packaging primer market is expected to reach an estimated $2.5 billion by 2030.
Q2. What is the growth forecast for packaging primer market?
Answer: The global packaging primer market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the packaging primer market?
Answer: The major drivers for this market are increasing demand for eco-friendly packaging solutions and growing emphasis on product safety and protection.
Q4. What are the major segments for packaging primer market?
Answer: The future of the packaging primer market looks promising with opportunities in the flexible packaging and rigid packaging markets.
Q5. Who are the key packaging primer market companies?
Answer: Some of the key packaging primer companies are as follows:
• PPG Industries
• Akzo Nobel
• DIC Corporation
• Siegwerk
• Mitsui Chemicals
• Hubergroup
• Actega Terra
Q6. Which packaging primer market segment will be the largest in future?
Answer: Lucintel forecasts that water-based primer is expected to witness the higher growth over the forecast period.
Q7. In packaging primer market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaging primer market by type (water-based primer and solvent-based primer), application (flexible packaging, rigid packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Packaging Primer Market Market, Packaging Primer Market Market Size, Packaging Primer Market Market Growth, Packaging Primer Market Market Analysis, Packaging Primer Market Market Report, Packaging Primer Market Market Share, Packaging Primer Market Market Trends, Packaging Primer Market Market Forecast, Packaging Primer Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.