India Packaging Coating Market

India Packaging Coating Market Size, Share, Growth Analysis, By Type(Solvent-based Coatings and Water-based Coatings), By Material(Plastics and Paper), By Region - Industry Forecast 2024-2031


Report ID: SQMIC15E2523 | Region: Country | Published Date: July, 2030
Pages: 184 | Tables: 59 | Figures: 75

India Packaging Coating Market News

  • In May 2023, Berger Paints India partnered with a leading global packaging solutions provider to develop innovative coatings for metal packaging applications.
  • In April 2023, AkzoNobel India acquired a majority stake in a local packaging coatings company, strengthening its presence and product portfolio in the Indian market.
  • In February 2023, Pidilite Industries launched a new range of sustainable packaging adhesives, specifically designed to minimize the environmental impact of packaging materials.
  • In January 2023, Kansai Nerolac Paints announced an investment of INR 150 crore ($20 million) to expand its packaging coatings manufacturing facility in Maharashtra.
  • In July 2022, AkzoNobel India entered into a partnership with SRF Limited to develop and supply eco-friendly coatings for food and beverage packaging applications.
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India Packaging Coating Market size was valued at USD 1.9 billion in 2021 and is poised to grow from USD 2.6 billion in 2022 to USD 3.98 billion by 2030, growing at a CAGR of 6.2% during the forecast period (2023-2030).

The India packaging coating market is fiercely competitive, with the participation of both regional and players. The market is marked by the presence of numerous small and large companies providing a diverse range of products. To gain an edge over their rivals, firms are concentrating on creating pioneering and environmentally-friendly solutions, enhancing their distribution channels, and broadening their market coverage. As the demand for sustainable packaging solutions rises, the competition among market participants is projected to increase, with companies endeavouring to cater to evolving customer requirements and preferences. 'Akzo Nobel India Limited', 'Asian Paints Limited', 'Berger Paints India Limited', 'Cosmo Films Limited', 'Dhanuka Agritech Limited', 'Fujifilm India Private Limited', 'Garware Polyester Limited', 'Gujarat Fluorochemicals Limited', 'Jenson & Nicholson (India) Limited', 'Kansai Nerolac Paints Limited', 'Manjushree Technopack Limited', 'Meghmani Organics Limited', 'Pidilite Industries Limited', 'Polyplex Corporation Limited', 'Raj Petro Specialities Pvt. Ltd.', 'Shalimar Paints Limited', 'SK Polymers', 'Sunanda Speciality Coatings Pvt. Ltd.', 'Uflex Limited', 'Valspar India Coatings Corporation Private Limited'

The growing demand for packaged food and beverages is a significant driver of the packaging coating market. With the increasing popularity of ready-to-eat and convenient food products, the food and beverage industry is experiencing rapid growth, leading to a rise in demand for packaging coatings. These coatings play a vital role in safeguarding and improving the appearance of various packaging materials, thereby ensuring the quality and safety of the packaged products. Additionally, the surging trend of e-commerce and online food delivery services is also expected to boost the demand for packaging coatings to protect products during transportation and delivery.

North India is the dominant region due to the presence of key market players and the growing demand for packaged food and beverages in states such as Delhi, Haryana, and Punjab. The region accounted for the largest share of the India packaging coating market in 2023, with a market share of over 35%.

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India Packaging Coating Market

Report ID: SQMIC15E2523

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