The global sales of coated casing market are estimated to be worth USD 26.1 billion in 2021 and are anticipated to reach a value of USD 40.4 billion by 2031. Sales are projected to rise at a CAGR of 4.5% over the forecast period between 2021 and 2031. The revenue generated by coated casing market in 2020 was USD 25 billion.
The increased demand for high-quality, durable, and value-enhanced aesthetic packaging solutions acts as one of the major market forces. Food and beverages increase their appeal by having coated casings to extend their shelf life and freshness; thus, this becomes another major driver.
On top of that, growth in consumer preference for premium and innovative packaging drives the market's expansion. Also, technological advancements in coating materials contribute to performance and functionality development of products. Besides this, there is an increasing trend towards sustainability and development of eco-friendly coatings. Robust industrial growth across emerging economies supports the growth in market adoption.
Global Coated Casing Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 25 billion |
| Estimated Size, 2021 | USD 26.1 billion |
| Projected Size, 2031 | USD 40.4 billion |
| Value-based CAGR (2021 to 2031) | 4.5% |
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The coated casing is the technique used to increase the bonding between the two matters. This technology is massively utilized in food & beverage industry to maintain the flavours of preserved foods as well as in electronic industries to protect the items from damage.
The increase in the population is elevating the dependence of people on various goods resulting to increase the demand for product as rising cost of the economic balance in the lifestyle of people changes.
Coated casing increases the shelf life of products such as pipeline and other electronic goods by preventing them from corrosion while the utilization in the food and beverage industries is done to maintain the taste and flavours.
The increasing usability of products due to rapid swelling prices of various commodities has propelled the manufacturers to come with various innovative ideas to make the coated casing material have a longer life.
Demand would undoubtedly be accelerated by expected developments in end-use industries, resulting in rapid penetration. The market is expected to open up vast potential opportunities as a result of the aforementioned primary features.
In the report of “Global Coated Casing Market,” the prominent region included are North America, Latin America, Europe, South Asia & Oceania and the Middle East and Africa.
Europe is the leading player in the industry due to the high demand for sausages in the region. Germany is the foremost consumer of meat sausages. According to the Federal Ministry of Food and Agriculture, there in total per capita consumption of meat includes 57.3% of pork which needs to be transformed into sausages, as a result, increasing the demand for coating.
Following Europe is East Asia and North America due to rising in the construction facility and being the major industrialized region. The USA in North America is the major industrialized country as 26% of the population is directly or indirectly involved in manufacturing activities.
While in East Asia there is a high demand for meat and meat products also the country is the foremost exporter of various animal goods which has directly boosted the dependency on the coated casing.
South Asia and the Middle East and Asia are expected to gain the market share due to the robust spending on development and raising the economic level of the country.
During the projected period, Latin America is expected to grow at a slow pace and account for a tiny portion of the global market.
Principal Consultant
USA and China are the developed countries having elevated standards of living and higher disposable income because of expanding meat consumption and spending trends, the coated casing industry in the United States and China is likely to grow.
China is the global leader in the production of chemicals so the demand for the coated casing is high in the region for the prevention of pipelines from corrosion and get purified chemicals without impurities.
The prominent players of coated casing are
Some of the leading supplier for the market are
There are lot of players in the market. Players are aggressively pursuing a substantial portion of the market, utilising both organic and inorganic expansion strategies. Alliances, acquisitions, and a steady expansion of their global internet sales and distribution network were the main goals.
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1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Method 6.2. Type 6.3. Material Type 6.4. Application 7. Global Market Analysis and Forecast, By Method 7.1. Artificial Casing 7.2. Traditional Casing 8. Global Market Analysis and Forecast, By Type 8.1. Surface casing 8.2. Intermediate casing 8.3. Production casing 8.4. Drilling casing 9. Global Market Analysis and Forecast, By Material Type 9.1. Painted Steel 9.2. Coated Steel 9.3. Real parchment 9.4. Protein coated woven fabric 9.5. Hardened protein 9.6. Woven fabric 9.7. Plastic coated woven fabric 10. Global Market Analysis and Forecast, By Application 10.1. Food and Beverage 10.2. Oil and Gas Industries 10.3. Chemical Industries 10.4. Cosmetic Industries 10.5. Maritime industries 10.6. Others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia 11.5. East Asia 11.6. Oceania 11.7. Middle East & Africa 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Method, Type, Material Type, and Application for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. WLD steel 21.2. Elshazly Casings Company 21.3. ABTER STEEL 21.4. DAT-Schaub Group 21.5. World Casings Corporation 21.6. Viskase Companies 21.7. Rugao Qingfeng Casing 21.8. Kalle 21.9. Natural Casings Company 21.10. Almol 21.11. MCJ Casings etc
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Coated Casing Market
