About Rigid Plastic Packaging (RPP) Inks and Coating
Inks and coating are used for printing and labeling purposes on rigid plastic packaged and enclosed products. RPP helps in storage, distribution, and sale of finished products. Inks and coating provide specific information, symbols, and brand value about the packaged product being stored, transported, and sold. Barcode and electronic data interchange, with the help of inks and coating, on rigid plastic packaged products are used to track shipments of these products in transit.
Technavio’s analysts forecast the global rigid plastic packaging inks and coating market to grow at a CAGR of 5.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global rigid plastic packaging inks and coating market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of RPP inks and coating products to the end-user industry, such as food and beverage, pharmaceutical, personal care, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rigid Plastic Packaging (RPP) Inks and Coating Market 2017-2021
Technavio recognizes the following companies as the key players in the global rigid plastic packaging inks and coating market: AkzoNobel, Flint Group, PPG Industries, Sun Chemical Corporation, and The Valspar Corporation.
Other Prominent Vendors in the market are: ALTANA, Axalta Coatings Systems, BRANCHER, ColorMatrix, CROMOS S/A TINTAS GRÁFICAS, Dainichiseika Color & Chemicals Manufacturing, DIC, Encres Dubuit, Environmental Inks and Coatings, Kansai Paint, Nippon Paint, Sakata Inx, Siegwerk Druckfarben, T&K TOKA, Toyo Ink, Wikoff Color, and Zeller+Gmelin.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for small-sized rigid plastic packs. Growing demand for small-sized packs has motivated packaging companies in expanding their product and material offerings for every product in rigid packaging. In the mass consumption branded category, a rise in several OPH has led to the increased demand for small pack sizes of various consumer products, which enable customers to switch brands, as consumers buy products at regular intervals and are not committed to usage of large volumes of product from a single brand.”
According to the report, one driver in the market is increased demand from the e-commerce market. The growing global e-commerce market, which primarily includes online shopping, has witnessed an increase in the demand for RPP products, such as cans, bottles, jars, and ampules, for the shipment of products sold contained in this type of packaging material. The ease of online shopping has made many customers switch from the traditional method of shopping to online shopping. The effective packaging through inks and coating on RPP products is becoming one of the key business requirements in the e-commerce marketplace, thus fueling the growth of the RPP inks and coating market.
Further, the report states that one challenge in the market is short turnaround time for order fulfillment. One of the major challenges faced by the global RPP inks and coating market is the short turnaround time for business to business (B2B) order printing on packaged products. The increased demand for rigid packaged products by end-customers reduces the lead time for rigid packaging product manufacturers, which in turn, gives their ink vendors less printing time on packaged products. The consistency of inks and coating from batch to batch of packaged products is crucial to be able to rely on for in time delivery of ink with right quantity and quality.
AkzoNobel, Flint Group, PPG Industries, Sun Chemical Corporation, and The Valspar Corporation.ALTANA, Axalta Coatings Systems, BRANCHER, ColorMatrix, CROMOS S/A TINTAS GRÁFICAS, Dainichiseika Color & Chemicals Manufacturing, DIC, Encres Dubuit, Environmental Inks and Coatings, Kansai Paint, Nippon Paint, Sakata Inx, Siegwerk Druckfarben, T&K TOKA, Toyo Ink, Wikoff Color, and Zeller+Gmelin.