Flexible Plastic Packaging Coating Industry - Regional Synopsis
APAC Market Statistics
The Asia Pacific flexible plastic packaging coating market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market in the region is ascribed to the growing utilization of cosmetic products by the population and followed by the higher demand for ready-to-eat food in the region. For instance, the total revenue generated by the cosmetic segment in India alone was estimated to reach around USD 7 billion by 2026. Hence, such factors are estimated to hike the growth of the market during the forecast period. Furthermore, the rapid expansion of the packaging industry especially in China and India, along with the rise in the need for attractive packaging is anticipated to bring an upsurge in the demand for flexible plastic packaging coating. In addition to the aforementioned factors, rapid industrialization and rising living standards of the burgeoning population are expected to bring lucrative growth opportunities for flexible plastic packaging coating owing to its various advantages such as safety, cost-effectiveness
