Product Code: ETC7550156 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India packaging coatings market import shipments exhibited robust growth with a notable CAGR of 20.5% from 2020 to 2024. The momentum continued with a strong growth rate of 20.0% from 2023 to 2024, indicating a sustained expansion trend in the market during this period.
The India Packaging Coatings Market is experiencing significant growth driven by increasing demand for packaged goods across various industries such as food and beverages, pharmaceuticals, and consumer goods. Packaging coatings are essential for protecting products from external elements such as moisture, oxygen, and light, thus extending their shelf life. Additionally, the rising focus on sustainability and eco-friendly packaging solutions is driving the adoption of water-based and UV-curable coatings in the market. The competitive landscape is characterized by the presence of both local and international key players offering a wide range of coatings to cater to diverse packaging needs. With the growing emphasis on quality and aesthetics of packaging, the India Packaging Coatings Market is poised for further expansion in the coming years.
The India Packaging Coatings Market is witnessing a surge in demand driven by the growth of various end-use industries such as food and beverage, pharmaceuticals, and personal care. The market is experiencing a shift towards sustainable and eco-friendly packaging coatings as consumers become more environmentally conscious. Additionally, the increasing focus on product differentiation and brand recognition is driving the demand for innovative and attractive packaging coatings. Opportunities lie in the development of coatings that offer enhanced barrier properties to extend the shelf life of packaged products and ensure their safety. Collaborations between packaging manufacturers and coating suppliers to create customized solutions are also emerging as a key trend in the market, presenting a promising avenue for growth and differentiation.
The India Packaging Coatings Market faces several challenges, including increasing raw material costs, stringent environmental regulations, and intense competition among market players. Rising costs of raw materials such as resins, pigments, and solvents impact profit margins for packaging coating manufacturers. Compliance with environmental regulations, such as restrictions on volatile organic compounds (VOCs) emissions, adds complexity and cost to production processes. Additionally, the market is highly competitive, with numerous domestic and international companies vying for market share, leading to price wars and margin pressures. Overall, navigating these challenges requires companies in the India Packaging Coatings Market to innovate in product development, optimize production processes, and maintain a strong focus on sustainability and regulatory compliance.
The India Packaging Coatings Market is primarily driven by the growth of the packaging industry in the country, fueled by increasing urbanization, rising disposable incomes, and changing consumer preferences. The demand for packaging coatings is also being propelled by the expanding food and beverage, pharmaceutical, and e-commerce sectors, which require innovative and sustainable packaging solutions. Additionally, stringent regulations regarding packaging materials and a growing awareness of environmental issues are driving the shift towards eco-friendly and recyclable packaging coatings. The market is further boosted by technological advancements in coatings formulations, leading to improved performance characteristics such as barrier properties, durability, and aesthetic appeal, thus catering to the evolving needs of the packaging industry in India.
The Indian government has implemented various policies and regulations related to the Packaging Coatings Market to ensure product safety, environmental sustainability, and consumer protection. Some key policies include the Food Safety and Standards Authority of India (FSSAI) regulations for food packaging materials, the Plastic Waste Management Rules to address plastic pollution, and the Bureau of Indian Standards (BIS) certification for packaging materials. Additionally, the government has introduced initiatives such as the Make in India campaign to promote domestic manufacturing of packaging coatings, and the Swachh Bharat Mission to drive cleanliness and waste management practices. These policies aim to enhance the quality and safety of packaging coatings, encourage innovation and sustainable practices in the industry, and contribute to the overall growth of the packaging sector in India.
The future outlook for the India Packaging Coatings Market looks promising, with a steady growth trajectory expected in the coming years. Factors such as the increasing demand for packaged goods, growth in the food and beverage industry, and the focus on sustainable packaging solutions are driving the market expansion. Additionally, advancements in packaging technologies and an emphasis on product differentiation and branding are likely to further boost the demand for packaging coatings in India. As consumers become more conscious about product safety and quality, the need for protective and aesthetically appealing packaging solutions will continue to rise, creating opportunities for market players to innovate and introduce new coatings that cater to these evolving consumer preferences.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Packaging Coatings Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Packaging Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 India Packaging Coatings Market - Industry Life Cycle |
3.4 India Packaging Coatings Market - Porter's Five Forces |
3.5 India Packaging Coatings Market Revenues & Volume Share, By Substrate, 2021 & 2031F |
3.6 India Packaging Coatings Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.7 India Packaging Coatings Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
3.8 India Packaging Coatings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Packaging Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for packaged goods in India |
4.2.2 Growth in the food and beverage industry |
4.2.3 Technological advancements in packaging coatings |
4.2.4 Rising disposable income leading to higher consumer spending |
4.2.5 Government initiatives promoting sustainable packaging solutions |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent regulations and compliance requirements |
4.3.3 Intense market competition |
4.3.4 Environmental concerns related to packaging coatings |
4.3.5 Impact of economic downturns on consumer purchasing power |
5 India Packaging Coatings Market Trends |
6 India Packaging Coatings Market, By Types |
6.1 India Packaging Coatings Market, By Substrate |
6.1.1 Overview and Analysis |
6.1.2 India Packaging Coatings Market Revenues & Volume, By Substrate, 2021- 2031F |
6.1.3 India Packaging Coatings Market Revenues & Volume, By Plastic, 2021- 2031F |
6.1.4 India Packaging Coatings Market Revenues & Volume, By Metal, 2021- 2031F |
6.1.5 India Packaging Coatings Market Revenues & Volume, By Paper, 2021- 2031F |
6.1.6 India Packaging Coatings Market Revenues & Volume, By Glass, 2021- 2031F |
6.1.7 India Packaging Coatings Market Revenues & Volume, By Others, 2021- 2031F |
6.2 India Packaging Coatings Market, By Resin |
6.2.1 Overview and Analysis |
6.2.2 India Packaging Coatings Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.2.3 India Packaging Coatings Market Revenues & Volume, By Acrylic, 2021- 2031F |
6.2.4 India Packaging Coatings Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.2.5 India Packaging Coatings Market Revenues & Volume, By Polyester, 2021- 2031F |
6.2.6 India Packaging Coatings Market Revenues & Volume, By Others, 2021- 2031F |
6.3 India Packaging Coatings Market, By Formulation |
6.3.1 Overview and Analysis |
6.3.2 India Packaging Coatings Market Revenues & Volume, By Water-Based, 2021- 2031F |
6.3.3 India Packaging Coatings Market Revenues & Volume, By Solvent-Based, 2021- 2031F |
6.3.4 India Packaging Coatings Market Revenues & Volume, By Radiation-Cured, 2021- 2031F |
6.3.5 India Packaging Coatings Market Revenues & Volume, By Powder-Based, 2021- 2031F |
6.4 India Packaging Coatings Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Packaging Coatings Market Revenues & Volume, By Beverages, 2021- 2031F |
6.4.3 India Packaging Coatings Market Revenues & Volume, By Food Products, 2021- 2031F |
6.4.4 India Packaging Coatings Market Revenues & Volume, By Caps and Closures, 2021- 2031F |
6.4.5 India Packaging Coatings Market Revenues & Volume, By Monobloc and Tubes, 2021- 2031F |
6.4.6 India Packaging Coatings Market Revenues & Volume, By Others, 2021- 2031F |
7 India Packaging Coatings Market Import-Export Trade Statistics |
7.1 India Packaging Coatings Market Export to Major Countries |
7.2 India Packaging Coatings Market Imports from Major Countries |
8 India Packaging Coatings Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly packaging coatings |
8.2 Investment in research and development for innovative coatings |
8.3 Number of strategic partnerships and collaborations within the industry |
8.4 Rate of new product launches in the packaging coatings market |
8.5 Percentage of packaging manufacturers using advanced coatings technologies |
9 India Packaging Coatings Market - Opportunity Assessment |
9.1 India Packaging Coatings Market Opportunity Assessment, By Substrate, 2021 & 2031F |
9.2 India Packaging Coatings Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.3 India Packaging Coatings Market Opportunity Assessment, By Formulation, 2021 & 2031F |
9.4 India Packaging Coatings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Packaging Coatings Market - Competitive Landscape |
10.1 India Packaging Coatings Market Revenue Share, By Companies, 2024 |
10.2 India Packaging Coatings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |