Extrusion Coating Market Growth Opportunities by Regions, Type and Application; Trends Forecast to 2024

P&S Intelligence, in its study, mentioned that the extrusion coating market would grow to $4,759.3 million at a 4.2% CAGR from $3,703.8 million in 2017. With rapid industrialization and prospering global trade, various countries are witnessing an increase in their gross domestic product (GDP), which is representative of their economic growth and improvements in the standard of living. The rising GDP of many countries has resulted in the increasing income of people, and in turn, their improving purchasing power.

Market Dynamics

4.3.1 Trends

4.3.1.1 Increasing use of PP in food and beverage packaging

4.3.2 Drivers

4.3.2.1 Expanding food and beverage industry

4.3.2.2 Increasing economic growth

4.3.3 Restraints

4.3.3.1 Fluctuation in the cost and availability of raw materials

4.3.4 Opportunities

4.3.4.1 Rising demand in emerging economies

As people are ready to spend more money, they demand better-quality and variety of a range of products. Further, as nowadays people have an extremely rigid lifestyle in terms of work culture and paucity of time, they prefer on-the-go meals or packaged foods that are ready to cook or drink. The popularity of convenience food products is contributing hugely in the demand for extrusion coating materials.

North America Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – U.S. and Canada

Europe Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – Germany, France, U.K., Italy, Spain, and Rest of Europe

APAC Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – China, Japan, India, and Rest of APAC

LATAM Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – Brazil, Mexico, and Rest of LATAM

MEA Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – Saudi Arabia, South Africa, and Rest of MEA

These materials not only lend food packaging an attractive aesthetic appeal, but also help in protecting food items from external environmental factors and spillage. Such materials have made it easier for the food & beverage industry to grow its sales by providing good-quality products to customers. 

 

 

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