Can Coatings Market

Can Coatings Market: Snapshot

The growing trend for packaged and canned food across the globe may bring multiple growth opportunities for the global can coatings market during the forecast period of 2021-2031. Furthermore, the rising demand for nutrition-based healthy food and changing lifestyles has led to the consumption of canned food items by a major chunk of the population across the globe. These elements have increased the demand for can coatings. The latest trend of preference for lightweight cans which can be easily carried and used has fueled the growth of the can coatings market.

The can coatings are used to coat the cans to avoid spoilage and spillage of the food items or beverages. Furthermore, it also preserves the nutritional contents of the food products stored in the cans. The attractive packaging provided for the food and beverages coupled with the preservation of nutritional content may augment the growth of the can coatings market.

The can coatings market can be segmented into acrylic, epoxy, and others based on the material. By application it can be segmented into the aerosol can, beverage can, food can, and others. The end-users can be pharmaceutical, food and beverage, and chemical industries.

The report prepared by the team of analysts at TMR comprises of in-depth analysis of various aspects that have an impact on the growth of the can coatings market. The information revolves around various factors such as the competitive scenario, regional insights, trends and opportunities, recent developments, and overall growth trajectory. The COVID-19 impact is also included in this exhaustive report.

Can Coatings Market: Competitive Analysis

The key market players are taking initiatives to manufacture metallic applications according to the FDA norms.. The companies are focusing on developing new technologies to meet the growing demand of consumers for canned items. The major market players are focusing on the sustainability of canned products. The new entrants in the can coatings market are focusing on launching novel canned products through marketing campaigns. These activities may help in the growth of the coatings market across the globe.

Some key players in the global can coatings market are The Sherwin-Williams Company, Akzo Nobel N.V., ALTANA AG, Kansai Paint Co. Ltd, National Paints Factories Co. Ltd., PPG Industries Inc., VPL Coatings GmbH & Co KG, and VPL Coatings GmbH & Co KG.

Can Coatings Market: Trends and Opportunities

Can coatings is likely to find a major stake in the food and beverages industry. Rapid industrialization and urbanization have led to the emergence of new food outlets where food service requires hygienic canned food items. This factor has eventually accelerated the demand for can coatings in the food sector. Furthermore, the FMGC and healthcare sectors also have adopted the new concept of non-hazardous packaging for health. Hence, the use of metallic can coatings for packaging has been inculcated in the food and beverage industry to reduce its adverse effect on the health of individuals. In addition, the awareness about keeping the nutritional value of canned food and beverages intact has created a conducive platform for the can coatings market.

Can Coatings Market: Regional Perspective

North America may dominate the global can coatings market due to the rise in the use of metal cans in several industries such as food and beverages, pharmaceutical, and chemical industries. The global can coatings market may be driven by the Asia Pacific in terms of revenue and sales. This has created multiple business opportunities for market players Asia Pacific is presaged to witness substantial growth in the can coatings market due to rising health awareness and extensive R & D activities to launch new products. In addition, the abundant availability of raw materials in this region may act as a growth booster for the global can coatings market.