Global Plastic Bins Market Size Analysis, 2018-2028

REPORT ID: BKR721Domain: Chemicals and MaterialsPublished Date: May 2018

 

 

Global Extrusion Coatings Market Size Analysis

Global Extrusion Coatings Market Size is estimated to be valued over USD 3,900 million in 2018 and will register a CAGR of 4.6% to create high revenue opportunity for industry players.

Though production volume has increased substantially in last few years, most of the companies still leverages near around 75% of the total production capacity. This is expected to increase with rise in demand from allied sectors. Increasing packaged food and beverage sales along with convenience food products has created favorable business opportunity for industry players engaged in extrusion coatings. As per the estimates, convenience food sector registered 3.7% higher sales in 2017 as compared to that in 2016. Such trends is a boost to the allied sectors.

Furthermore, additive manufacturing process is gaining prominence worldwide which in turn has boosted the overall demand for extrusion coatings. The industry is highly fragmented with presence of large number of extrusion coatings market players located in China and South East Asia, however, is not regularized. These companies have their production facilities located close to the allied sectors – leading to good distribution network.

There is high opportunity for leading players to capitalize the extrusion coatings market. There has been significant increase in disposable income and out of pocket spending in last few years in emerging region. As such, there has been increase in overall consumer products sales. Also, beauty and cosmetics industry is registering substantial growth and is expected to drive the sales of extrusion coatings materials.

Companies need to focus on cost containment in order to gain and strengthen their market share worldwide. Extrusion coatings are costlier compared to other modes. Awareness regarding the product and branding it as eco-friendly could create favorable business scenario for players.

Global Extrusion Coatings Market Analysis, By Material Type

By material type, Low Density Polyethylene (LDPE) will continue to dominate the global extrusion coatings market share. It is estimated to account for over 73% of global size in 2018. Low price along with higher material usage features has led to wide scale implementation of LDPE for extrusion coatings. LDPE is characterized by short and long chain and is one of the mature form of polyethylenes (PE).  Overall, LDPE is wide used for thin film applications, however, its usage in extursion coatings has also increased in last 10 years. Nearly 15% of LDPE goes for extrusion coatings purpose. Going through the historical trend, LDPE price is expected to decline in next ten years. As a result, procurement cost will substantially decline.

High Density Polyethylene (HDPE) is also gaining significant traction in Europe. For instance, Russia witnessed around 17% increase in import of HDPE in 2017 as compared to that in 2016. Most of these are for extrusion coatings purpose. Similar trend is witnessed across Asia Pacific. Polypropylene (PP) and Polyethylene terephthalate are two heat resistant polymers and has seen impressive growth.

Global Extrusion Coatings Market Growth Analysis, By Application

Liquid packaging will account for over US$ 1,570 million in 2018 and will dominate the global share. Flexible packaging will be next to liquid packaging application. Technology oriented innovations along with increased share of organized retail will be key driving factor for flexible coatings. Plastics, paper and metals are key materials used in flexible coatings. Plastics dominate the flexible packaging.

Global Extrusion Coatings Market Size Analysis, By Substrate

Paperboard, aluminium, metallic foils, plastics, and other polymers are key substrate in extrusion coatings. Paperboard will dominate the global share and will account for 46% of global share.

Global Extrusion Coatings Market Size and Forecast: Regional Analysis

Globally, Asia Pacific will dominate the global extrusion coatings market size, accounting for nearly 43% of total share in 2018. The region is primarily driven by higher sales in China. There are various companies operational at small scale level catering to regional end-use sectors. Pricing has been the key differentiating factor for higher market capitalization by regional players. Stabilizing domestic economic growth has led to flourish of packaging industry in China. The country registered higher retail volume unit growth citing increased sales of packaged food and beauty care products.

Western Europe is next to Asia Pacific in terms of overall sales. Germany, France and UK are estimated to collectively account for nearly 71% of regional sales. Stringent regulatory compliances and emphasis on eco-friendly products for the single-use plastics are major drivers for extrusion coatings market in Europe.

Global Extrusion Coatings Market Size and Forecast: Competition Landscape

The global Extrusion Coatings market industry is fragmented. Some key players are The Dow Chemical Company, The Sherwin-Williams Company, PPG Industries Inc., The Valspur Corporation, Dura Coat Products, Davis-Standard, LLC, Optimum Plastics, The Lubrizol Corporation, Qenos Pty Ltd., Natur-Tec India Private Limited, and INEOS Olefins & Polymers Europe.

Extrusion Coatings Market Industry Segmentation

By Material Type:

  • Low Density Polyethylene (LDPE)
  • High Density Polyethylene (HDPE)
  • Ethylene Vinyl Acetate (EVA)
  • Ethylene Butyl Acrylate (EBA)
  • Polypropylene
  • Polyethylene Terephthalate
  • Others

By Substrates:

  • Paperboard
  • Aluminium and Metallic Foils
  • Polymers
  • Films

By Application:

  • Liquid Packaging
  • Flexible Packaging
  • Photographic Films
  • Commercial Packaging
    • Transport Packaging
    • Pharmaceutical Packaging
    • Personal Care and Cosmetics
    • Industrial Wrapping
    • Other Consumer Goods

What Will You Discover in the Report?

  • An in-depth analysis of the Extrusion Coatings market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Extrusion Coatings market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Extrusion Coatings market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Extrusion Coatings industry during the forecast period
  • Who are the Extrusion Coatings industry leaders and what are the key initiatives taken by them for long term growth

Analyst access with Bekryl Market Analysts

Purchasing of Extrusion Coatings market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

 



   
How We Are Different
Growth Partnership

We work together with our clients to offer strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.

Tailored Solutions

We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.

Industry Partnership

Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to offer consulting solutions that is proven and effective for clients.

CONNECT WITH US

Purchase
By | 2018-05-07T12:31:07+00:00 May 7th, 2018|