EXTRUSION COATED MATERIALS New 2022 AWA study reports growth in the global extrusion coated market.
Extrusion coating is a highly versatile and cost-effective process, providing a desired finish to the plastic surface on the packaging. Its value chain is complex, with many players, such as raw material and chemical suppliers, coaters, laminators, and users. AWA’s latest AWAreness™ Report Global Extrusion Coated Materials Market 2022 documents the status of the market from both global and regional perspectives. The end-use applications of extrusion coating are segmented into four main sectors; flexible packaging, liquid packaging, photographic, and commercial (with a further breakdown of commercial into 12 subsegments).
The distinctive nature of each of the four sectors, flexible packaging, liquid packaging, photographic and commercial, can be observed in the report, especially the volume of extrusion coating measured in tonnes versus a million square meters .
In 2021 AWA estimates the global market for extrusion coating to be approximately 123,150 mln sqm, equivalent to 19,805,205 tonnes with the 2017-2021 CAGR of 3.6%, While these figures span overall market applications of global extrusion coating market, 39% of these volumes in mln sqm were in flexible packaging while only 16% share in tonnes, liquid packaging with 21% share of volume in mln sqm, contrasted with 44% share of volume measured in tonnes. The commercial sector, with 38% share in both volume in mln sqm and tonnes, and photographic with the remaining 1% in mln sqm and 2% in volume measured in tonnes. Regionally, Asia represents 44% of the market share in extrusion coating, with the highest 2021-2024 CAGR of 4.7%, relative to the 2.5% CAGR in North America and 1.9% CAGR in Europe.
The comprehensive overview of the extrusion coating market is detailed on the company’s website, where their AWAreness™ Report Global Extrusion Coated Materials Market 2022 may be ordered online.