Can Coating Market by Type, Technology, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The Global Can Coatings Market is valued to reach USD 2.05 Billion by 2022, growing at CAGR of 3.25% during forecast period 2020–2026. Increase in global supply of food and beverages in cans, surge in personal care, chemical and pharmaceutical industries, rising demand of soft drinks, coupled with recyclability of cans are the key factors augmenting the market growth.

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Protective coatings offer corrosion control and ensure a long term protection within a wide range of corrosive conditions. Similarly, canned food and beverages form an integral part of global food supply. Consumer demand for quality foods with flavor, texture and color stands important from the consumption aspects and in this regards, manufacturers are now emphasizing on technological feasibility, commercial availability and health aspects of alternative options for coatings. Natural resins are used as a coating material that are derived from plants. Synthetic resins are identical to plant resins but are liquid monomers.

Canned foodstuff forms an integral component of global food supply followed by the development of can coatings and hence manufacturers are now stressing more upon the state-of-the art techniques used in the manufacture of coatings for canned bottles and food. For instance, the food and beverages must retain the taste and color quality even under severe conditions and prevent any development of odour, color change, appearance or texture. Coating is an integral process in packaging. For instance, in the initial days, iron and steel were originally used in the making of ‘tin can’. At present market conditions, steel cans enjoy being the raw material for light-colored fruits and fruit juice boxes without any need for additional organic coating. However, can without any organic coating are found to result in corrosion further enabling food contact with the steel. Therefore, organic coating helps in achieving a sustainable balance for tin and food life.

Can Coating Market Drivers:

The market is driven by sizable demand in the consumer market followed by increase in supply of food and beverages. In addition, novel approach used in design is leading in a high revenue share. Moreover, effective marketing strategies is likely to create robust growth opportunities in the forecast span. However, government regulations have resulted in the ban or removal of chemical within the market that results in use of counterfeit chemicals relaying negative consequences.