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Can Coatings Market Size to Reach USD 2.65 billion by 2026; Advent of Inkjet Printing technology onto Coated Metal Cans will Help Market Gain Traction

March 26, 2020 | Chemicals & Materials

The global can coatings market size is prognosticated to reach USD 2.65 billion by 2026, attributable to the rising demand from the food and beverage industry to store products for longer shelf-life. Cans are coated with organic layers to protect the content from chemical reactions between the metal used in the can and the product. This information is provided in a recently published report by Fortune Business Insights™ titled, “Can Coatings Market Size, Share & Industry Analysis, By Type (Epoxy, Acrylic, and Others), By Application (Food Cans, Beverage Cans, Aerosol Cans, and Others) and Regional Forecast, 2019-2026.” According to the report, the market was USD 1.97 billion in 2018 and will exhibit a 3.8% CAGR between 2019 and 2026.


Launch of New Food-can Coatings by PPG Industries to Set High Bars in Market Competition


Nutrishield™ and Nutrishield SOLISTA™- the two internal protective spray coatings for the food-can industry were launched in October 2025 by the PPG Industries for wall-ironed and drawn food cans. This will help solve the problem of food enhancement faced by food manufacturers and thus attract high can coating market revenue in the forthcoming years.


Todd White, the marketing director of PPG Industries, said, “Nutrishield Solista spray coatings have been recognized as the leading new-generation coating solutions by most can coating manufacturers. The enhanced can coatings technology such as high –performance protection, flavor neutrality, Sulphur and packing resistance, and meat-release provided by this spray makes it valid for use in a variety of food packaging.” Such initiatives taken by companies are likely to attract high can coatings market revenue in the coming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/can-coatings-market-102537


Rising Demand from Food and Beverage Sector To Help Market Gain Traction


Increasing demand from the food and beverage industry is a significant driver for can coating market growth. Additionally, increasing the population needs to increase the feeding population, and the rise in living standards are other factors boosting the market. On the contrary, the internal coatings used on cans preserving food and beverage items must fulfill specific criteria concerning less reaction and migration and impenetrability with food components. Therefore, can coating formulations consist of resins, additives, solvents, and pigments. This, regulations imposed by governments on the use of coating materials, VOC emission content, and others on food and beverage products may pose a significant challenge to market growth. Nevertheless, currently trending can coating technology such as biodegradable and inkjet printing technology are likely to attract high can coating market revenue in the coming years.


Players Aiming at Geographical Expansion for Attracting High Revenue


Major can coating manufacturers are emphasizing strategies such as improving product portfolio, using the environment and food-safety chemicals for can coatings, and geographical expansion for gaining a competitive edge in the market. Besides this, players are focusing on increasing the sale of existing products for toughening the market competition.


Key Industry Developments of the Can Coatings Market are:



  • October 2015 – New coatings for food cans, namely Nutrishield SOLISTA and NUTRISHIELD were launched by PPG Industries.


List of Companies Functioning in the Can Coating Market are the following:



  • Kansai Nerolac Paints Ltd.

  • BALL CORPORATION

  • Axalta Coating Systems

  • National Paints Factories Co. Ltd. 

  • TOYOCHEM CO. LTD.

  • The Sherwin-Williams Company

  • VPL Coatings GmbH & Co KG

  • PPG Industries, Inc.

  • Kupsa Coatings

  • IPC GmbH & Co. KGs

  • CSC BRANDS, L.P.


 Further Report Findings



  • North America emerged dominant with a can coatings market share of USD 675.5 million in 2018s. This is owing to the increasing consumption of metal cans for food, beverage, and chemical product packaging.

  • Asia Pacific will witness the fastest growth rate in the forecast period owing to factors such as improving lifestyle of people in emerging nations such as India, China, Japan, and others, coupled with the increasing use of canned products besides food and beverage products. Furthermore, the market in Europe will exhibit a significant share in the forecast period owing to the rise in the use of personal care products such as spray medication, deodorants, and other products.

  • Based on segmentation by application, the food can coating segment earned 25.78% share in 2018. However, high can coating market revenue will be obtained from the beverage can coating segment owing to the high consumption of beverages such as beer, soda, water, and others.


The Global Can Coating Market is segmented into:










































SEGMENTATION


  DETAILS

Study Period



 2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD million)



By Material




  • Epoxy

  • Acrylic

  • Others



By Application




  • Food Can

  • Beverage Can

  • Aerosol Can

  • Others



By Region




  • North America (the U.S. and Canada)

  • Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and the Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Argentina, and the Rest of Latin America)

  • Middle East & Africa (South Africa, and the Rest of the Middle East & Africa)


Can Coatings Market
  • PDF
  • 2018
  • 2015-2017
  • 100

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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