Can Coatings Market: Projected Growth from USD 2.27 billion in 2023 to USD 3.02 billion by 2030, with a CAGR of 4.15%

Can Coatings: Revolutionizing Packaging with Advanced Protection  Explore Market Trends, Growth Drivers, and Challenges in the Evolving Industry

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 23, 2024 /EINPresswire.com/ -- 𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐚𝐧 𝐜𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟐.𝟐𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟑.𝟎𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟒.𝟏𝟓% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 – 𝟐𝟎𝟑𝟎. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market".

𝐄𝐱𝐚𝐜𝐭𝐢𝐭𝐮𝐝𝐞 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐲 has published a new research report on "Can coatings Market Size 2024". Products are stored or preserved in cans, which also make it easier to move products from one location to another. Food that has been canned is now a common sight in supermarkets, schools, kitchens, and hospitals. The market for can coating will be driven by the expanding trend of packaged food and beverages. Canned goods are consumed in large quantities as a result of consumers' shifting lifestyles and growing demand for nutritious food. Food residue and chemical reactions between food and the can's metal are prevented by the organic layer that coats cans. Food cans are used to preserve food and beverage products' nutritional value, protection, and aesthetic appeal for an extended period of time. This helps to support the growth of canned food and beverages, which in turn shall boost the market growth.

𝐆𝐞𝐭 𝐐𝐮𝐢𝐜𝐤 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰 @

https://exactitudeconsultancy.com/reports/11640/can-coatings-market/#request-a-sample

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐚𝐧 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The can coatings market is evolving rapidly, driven by various factors that influence consumer preferences and regulatory standards. Here are the key trends shaping the market:

𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬

The global can coatings market size was valued at USD 2.27 billion in 2023 and is projected to reach USD 3.02 billion by 2030, exhibiting a CAGR of 4.15% during the forecast period from 2023 – 2030. The Asia-Pacific region is predicted to dominate this market, driven by increasing consumer demand in countries like China and India.

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐅𝐨𝐜𝐮𝐬

There is a significant shift towards eco-friendly and sustainable coatings. As consumers become more environmentally conscious, manufacturers are developing coatings that reduce volatile organic compounds (VOCs) and utilize recyclable materials. This trend is supported by increasing regulations aimed at minimizing environmental impact.

𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐚𝐧𝐧𝐞𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬

The popularity of canned food and beverages continues to rise, influenced by convenience and longer shelf life. This trend is particularly strong in the beverage sector, where the demand for aluminum cans is increasing due to their sustainability and ability to preserve product quality.

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐇𝐞𝐚𝐥𝐭𝐡 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬

As awareness of health and safety grows, there is a heightened demand for coatings that are safe for indoor use and compliant with international standards. Manufacturers are focusing on developing coatings that meet these safety requirements while maintaining performance.

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧

Consumers are increasingly seeking personalized packaging solutions. This trend is leading to a demand for customizable can coatings that allow for unique designs and finishes, catering to specific consumer preferences.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬:  

https://exactitudeconsultancy.com/reports/11640/can-coatings-market/

𝐂𝐚𝐧 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠

Rising consumption of canned food and beverages, driven by convenience and longer shelf life. Growing popularity of metal packaging due to its durability, recyclability, and ability to maintain product freshness

The market for can coating is anticipated to expand due to the growing demand from the food and beverage sector. Longer-lasting mobile food products are becoming more popular as a result of improving consumer lifestyles, which will increase their demand in the market. For the long-term preservation of the food and beverage content, coatings are applied to the exterior and interior surfaces of food and beverage cans. While internal coatings offer limited migration and thermal stability, external coatings offer product information, brand information, trade names, brand logos, manufacturer information, and brand serial identification.

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐂𝐨𝐚𝐭𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬

Development of eco-friendly and sustainable coatings to meet environmental regulations and consumer preferences. Improved coatings with enhanced resistance, flexibility, and adhesion properties

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐑𝐞𝐜𝐲𝐜𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲

Metal cans are highly recyclable, making can coatings an attractive choice for eco-conscious consumers and producers. Constant innovations in sustainable coating materials to meet safety standards and recyclability requirements

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬

Increasing focus on food safety and quality, leading to the development of coatings that minimize interaction between food/beverages and metal cans. Growing compliance with international standards for can coatings, especially in the pharmaceutical industry

𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥𝐥𝐲, 𝐭𝐡𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐜𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧, 𝐫𝐞𝐯𝐞𝐧𝐮𝐞, 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞, 𝐚𝐧𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐫𝐞𝐠𝐢𝐨𝐧𝐬:

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

North America holds the largest market share, primarily due to the high consumption of metal cans across various sectors, including food and beverages, pharmaceuticals, and personal care. The United States is a key player, projected to contribute approximately 73.5% of the region's market by 2034, with a growth rate of 3.6% CAGR. The abundance of raw materials and a well-established packaging industry further enhance the demand for can coatings in this region.

𝐄𝐮𝐫𝐨𝐩𝐞

In Europe, the can coatings market is characterized by a strong emphasis on sustainability and compliance with stringent environmental regulations. Countries like Germany, the UK, and France are leading the demand due to their robust food and beverage industries. The focus on eco-friendly coatings is driving innovation and growth in this mature market.

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜

The Asia-Pacific region is expected to experience the highest growth rate, with a projected CAGR surpassing 5%. Rapid urbanization, rising disposable incomes, and changing consumer preferences towards convenience foods are propelling the demand for metal cans and, consequently, can coatings. Countries such as China and India are significant contributors to this growth, supported by favorable government policies and a burgeoning food and beverage sector.

𝐂𝐚𝐧 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬

PPG Industries (US)
Valspar (US)
Akzo Nobel (Netherlands)
ALTANA (Germany)
KANSAI PAINT (Japan)
Toyochem (Japan)
National Paints Factories (Jordan)
International Packaging Coatings (Germany)
TIGER Coatings (Germany)
VPL Coatings (Germany)

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

November 2023: AkzoNobel will invest EUR 32 million (~USD 34.99 million) in a new factory at its Vilafranca site to manufacture bisphenol-free coatings for the metal packaging industry in EMEA (Europe, Middle East, and Africa). The facility will use advanced automation and has been designed to meet high eco-efficiency requirements, allowing the company to achieve significant improvements in energy and material economy. It is projected to be operational by the middle of 2025.

 August 2022: PPG Industries, Inc. announced PPG INNOVEL PRO, an enhanced internal spray coating that uses no bisphenol-A (BPA) or bisphenol starting substances and provides more robust application properties for the infinitely recyclable aluminum beverage can.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎

Can Coatings Market by Type, 2023-2030, (USD Billion), (Kilotons)

Epoxy

Acrylic

Polyester

Others

Epoxy-based coatings dominate the can coatings market due to their excellent adhesion, flexibility, and cost-effectiveness. They are particularly favored for food preservation as they create a strong barrier against corrosion and prevent metal traces that could lead to food contamination. The ability of epoxy coatings to withstand high temperatures during sterilization processes and their compatibility with various can shapes make them essential in the industry. Acrylic coatings are gaining traction in the market, known for their clean appearance and resistance to sulfide stains and corrosion. These coatings enhance the aesthetic appeal of cans while providing adequate protection, making them suitable for beverage and food applications. The demand for acrylic coatings is expected to grow steadily, reflecting a shift towards more visually appealing packaging solutions.

Can Coatings Market by Application, 2023-2030, (USD Billion), (Kilotons)

Food Can

Beverage Can

Aerosol Can

General Line Can And

Other

𝐖𝐞 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩! 𝐎𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭𝐬 𝐜𝐚𝐧 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞 𝐭𝐡𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐲𝐨𝐮𝐫 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬.

https://exactitudeconsultancy.com/primary-research/

𝐀𝐥𝐬𝐨 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐬𝐨𝐮𝐫𝐜𝐞

Biostimulants Market Share Projections: CAGR of 11.4% Envisions Market Size of USD 9.51 Billion by 2030

https://exactitudeconsultancy.com/reports/20090/bio-stimulants-market/

Fire Protection Material Market Share Projections: CAGR of 8.8% Envisions Market Size of USD 5.98 billion by 2030

https://exactitudeconsultancy.com/reports/3470/fire-protection-material-market/

Flooring Market Share Projections: CAGR of 3.68% Envisions Market Size of USD 448.7 billion by 2030

https://exactitudeconsultancy.com/reports/7196/flooring-market/

Organic Fertilizers Market Share Projections: CAGR of 9.32% Envisions Market Size of USD 18.06 billion by 2030

https://exactitudeconsultancy.com/reports/20905/organic-fertilizers-market/

Plastic Packaging Market Share Projections: CAGR of 5.2% Envisions Market Size of USD 564.1 billion by 2030

https://exactitudeconsultancy.com/reports/13775/plastic-packaging-market/

Polished Concrete Market Share Projections: CAGR of 5.8% Envisions Market Size of USD 3.65 billion by 2030

https://exactitudeconsultancy.com/reports/5763/polished-concrete-market/

Specialty Chemicals Market Share Projections: CAGR of 4.1% Envisions Market Size of USD 827 Billion by 2030

https://exactitudeconsultancy.com/reports/4203/specialty-chemicals-market/

Squalene Market Share Projections: CAGR of 8.9% Envisions Market Size of USD 240.11 million by 2030

https://exactitudeconsultancy.com/reports/4111/squalene-market/

Sustainable Aviation Fuel Market Share Projections: CAGR of 60.8% Envisions Market Size of USD 9788.87 million by 2030

https://exactitudeconsultancy.com/reports/13468/sustainable-aviation-fuel-market/

3D Printing Material Market Share Projections: CAGR of 23% Envisions Market Size of USD 6 billion by 2030

https://exactitudeconsultancy.com/reports/1804/3d-printing-material-market/

𝐂𝐎𝐍𝐓𝐀𝐂𝐓 𝐔𝐒:

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐓𝐚𝐫𝐠𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬 𝐁𝐞𝐥𝐨𝐰:

Irfan T
Exactitude Consultancy
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