According to Transparency Market Research, the global packaging market is expected to expand at a CAGR of 4% from now until 2024. Let’s take a closer look at the role coatings in particular play within the packaging market and how Bostik stands out.
What Do Packaging Coatings Do?
Packaging manufacturers are typically concerned with ensuring product safety, its ease in the supply chain and providing a satisfied consumer experience. As a result, coatings play a major role in addressing these concerns. Packaging coatings:
- Provide additional protection and corrosion resistance
- Improve overall packaging aesthetics
Packaging Coating Market Dynamics
Segmented into various market categories, such as flexible and rigid packaging, packaging coatings are also used on a range of substrate types. For example, they are found on:
Currently, the food and beverages sector is the largest application for packaging coatings. This is due to the consumers’ changing lifestyles and eating habits. As a result, it is expected that the food and beverages sector will continue to drive packaging coating growth over the next several years.
Other end use markets for packaging coatings include cosmetics and pharmaceuticals and industrial goods.
However, as government regulations on packaging safety continue to increase, it is predicted that the packaging coating market growth could be hindered if manufacturers do not use environmentally safe, approved, organic coating materials.
How Bostik Stands Out
Bostik manufactures a range of quality and safe packaging coating resins and is able to meet a variety of customer needs. For example, we are able to custom formulate a new resin or modify existing resins to achieve proper packaging coating needs.
One product in particular includes:
- V2270B: This high molecular weight, linear saturated, copolyester resin is an FDA-approved packaging coating for inner can coatings. It offers superior clarity, hardness and abrasion resistance as well as high cohesive strength. V2270B is suitable as a heat seal modifier, primer or barrier coating for PET film.
Additionally, Bostik provides customers with both the resin for packaging coatings and the specific cross-linkers needed to make the resin have chemical resistance, high temperature baking resistance and flexibility.
Furthermore, Bostik’s relationship with Arkema enables us to be a one-stop-shop for customers for can coatings in particular. We manufacture the FDA-approved inner can coating resins, and Arkema manufactures the external can coating resins.
For more information on how Bostik’s role in the packaging coating market, call 800-7-BOSTIK.