
Flex pack coatings are generally used to label any packaged product. Use of flex (flexible) pack coatings helps maintain freshness and structural integrity of the material by protecting it during transportation and storage. Surge in demand for packaging solutions from various end-user industries such as food & beverages, pharmaceutical, cosmetics, electronics, and lubricants is promoting growth of the global flex pack coatings market. Flex pack coatings can be employed to offer protection to stored or packaged contents by generating a barrier against humidity, air, high temperature, etc. Flexible packaging is utilized to package a range of products including processed meat, processed cheese, liquids, medical device films, snacks, etc. Coatings used for flexible packaging comprise primers, adhesives, PVDC, wash-coats, lacquers, varnishes, and acrylic polyurethanes.
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Flex Pack Coatings Market: Drivers & Restraints
Increasing demand for flexible packaging solutions is considered a major factor driving the global flex pack coatings market. Rising demand for products with enhanced shelf life and customers’ preference for online purchase are driving the flex pack coatings market. Enhanced use of flexible packaging leads to generation of more amount of plastic. This factor may restrain the market. Recently, a few manufacturers have come up with advanced flex pack coatings that are eco-friendly. Innovative green flex pack coatings are anticipated to fuel the global flex pack coatings market during the forecast period.
Flex Pack Coatings Market: Key Segments
In terms of material the global flex pack coatings market can be segmented into PVC (polyvinyl chloride), PE (polyethylene), PET (poly ethylene terephthalate), and PP (polypropylene). In terms of end-user, the market can be categorized into food & beverages, pharmaceutical, home care, personal care & cosmetics, industrial, electronics, and oil & gas. Based on coating type, the global flex pack coatings market can be classified into primers, adhesives, PVDC, wash-coats, lacquers, varnishes, and acrylic polyurethanes.
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