PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1681052
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1681052
Global Can Coatings Market Size Study, by Resin (Epoxy, Polyester, Acrylic, Polyolefins), by End-Use (Food, Beverage), and Regional Forecasts 2022-2032
The Global Can Coatings Market is valued at approximately USD 0.47 billion in 2023 and is anticipated to expand at a CAGR of 5.00% over the forecast period 2024-2032. Can coatings are crucial in protecting metal packaging from corrosion, enhancing food safety, and ensuring beverage integrity. These coatings act as a barrier between the container and its contents, preventing contamination and extending shelf life. With growing demand for canned food and beverages, particularly in emerging markets, the industry is experiencing steady growth. Additionally, advancements in coating technologies, such as BPA-free and environmentally friendly alternatives, are reshaping the landscape, as manufacturers increasingly prioritize sustainability.
The Global Can Coatings Market is gaining traction due to increasing consumption of packaged and processed food products, rising demand for corrosion-resistant coatings, and stringent regulatory policies promoting food-grade safety materials. The food and beverage industry, which heavily relies on metal packaging, is a significant driver of market expansion. Growing urbanization and busy lifestyles have fueled the demand for convenient, ready-to-eat food products, thereby propelling the can coatings industry forward. Furthermore, evolving regulatory frameworks emphasizing BPA-free coatings have led manufacturers to invest in research and development to create safer and more sustainable alternatives. However, volatility in raw material prices and stringent government regulations regarding coating compositions may pose challenges for market participants.
Regionally, North America and Europe remain dominant in the Can Coatings Market, attributed to strong consumer preferences for packaged food and stringent regulatory standards concerning food safety and packaging materials. The United States is a significant contributor, with an extensive network of food and beverage manufacturers relying on high-performance coatings for metal packaging. Meanwhile, Europe is witnessing a gradual shift toward eco-friendly alternatives, with major countries like Germany, France, and the UK implementing strict guidelines on BPA-based coatings. Asia Pacific, on the other hand, is expected to be the fastest-growing market, fueled by increasing disposable income, urbanization, and rising consumption of canned beverages in China, India, and Japan. The region's expanding middle-class population and changing dietary habits are driving demand for sustainable can coatings.
Latin America and the Middle East & Africa are also experiencing moderate growth in the Can Coatings Market, with increasing investments in food processing and beverage industries. Countries like Brazil and Mexico are witnessing rising demand for packaged food due to urbanization and changing consumer preferences. Meanwhile, Saudi Arabia and South Africa are investing in expanding their food and beverage sectors, contributing to the demand for protective can coatings. As the global push for sustainable packaging solutions continues, these regions are expected to provide lucrative opportunities for can coating manufacturers.
Major market players included in this report are:
- AkzoNobel N.V.
- PPG Industries, Inc.
- Sherwin-Williams Company
- Valspar Corporation
- Axalta Coating Systems
- Toyochem Co., Ltd.
- Kansai Paint Co., Ltd.
- Henkel AG & Co. KGaA
- BASF SE
- Dow Inc.
- National Paints Factories Co. Ltd.
- Nippon Paint Holdings Co., Ltd.
- Watson Standard
- Evonik Industries AG
- Tnemec Inc.
The detailed segments and sub-segments of the market are explained below:
By Resin:
- Epoxy
- Polyester
- Acrylic
- Polyolefins
By End-Use:
- Food
- Beverage
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical Year - 2022
- Base Year - 2023
- Forecast Period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of the geographical landscape with country-level assessments.
- Competitive landscape insights into major players in the market.
- Evaluation of key business strategies and recommendations for future market approaches.
- Analysis of the competitive structure of the market.
- Demand-side and supply-side analysis of the market.
Table of Contents
Chapter 1. Global Can Coatings Market Executive Summary
- 1.1. Global Can Coatings Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. {By Resin}
- 1.3.2. {By End-Use}
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Can Coatings Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Can Coatings Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising demand for corrosion-resistant and sustainable packaging solutions
- 3.1.2. Advancements in eco-friendly coating technologies
- 3.1.3. Growing consumption of packaged and processed foods and beverages
- 3.2. Market Challenges
- 3.2.1. Volatility in raw material prices
- 3.2.2. Stricter regulatory policies regarding coating compositions
- 3.3. Market Opportunities
- 3.3.1. Expansion of the packaged food and beverage sector
- 3.3.2. Innovations in BPA-free and environmentally friendly coatings
- 3.3.3. Investment in R&D for advanced performance coatings
Chapter 4. Global Can Coatings Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Can Coatings Market Size & Forecasts by Resin 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Can Coatings Market: {Resin} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Epoxy
- 5.2.2. Polyester
- 5.2.3. Acrylic
- 5.2.4. Polyolefins
Chapter 6. Global Can Coatings Market Size & Forecasts by End-Use 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Can Coatings Market: {End-Use} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Food
- 6.2.2. Beverage
Chapter 7. Global Can Coatings Market Size & Forecasts by Region 2022-2032
- 7.1. North America Can Coatings Market
- 7.1.1. U.S. Can Coatings Market
- 7.1.1.1. {Resin} Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. {End-Use} Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Can Coatings Market
- 7.1.1. U.S. Can Coatings Market
- 7.2. Europe Can Coatings Market
- 7.2.1. U.K. Can Coatings Market
- 7.2.2. Germany Can Coatings Market
- 7.2.3. France Can Coatings Market
- 7.2.4. Spain Can Coatings Market
- 7.2.5. Italy Can Coatings Market
- 7.2.6. Rest of Europe Can Coatings Market
- 7.3. Asia-Pacific Can Coatings Market
- 7.3.1. China Can Coatings Market
- 7.3.2. India Can Coatings Market
- 7.3.3. Japan Can Coatings Market
- 7.3.4. Australia Can Coatings Market
- 7.3.5. South Korea Can Coatings Market
- 7.3.6. Rest of Asia Pacific Can Coatings Market
- 7.4. Latin America Can Coatings Market
- 7.4.1. Brazil Can Coatings Market
- 7.4.2. Mexico Can Coatings Market
- 7.4.3. Rest of Latin America Can Coatings Market
- 7.5. Middle East & Africa Can Coatings Market
- 7.5.1. Saudi Arabia Can Coatings Market
- 7.5.2. South Africa Can Coatings Market
- 7.5.3. Rest of Middle East & Africa Can Coatings Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. AkzoNobel N.V.
- 8.1.2. PPG Industries, Inc.
- 8.1.3. Sherwin-Williams Company
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. AkzoNobel N.V.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. PPG Industries, Inc.
- 8.3.3. Sherwin-Williams Company
- 8.3.4. Valspar Corporation
- 8.3.5. Axalta Coating Systems
- 8.3.6. Toyochem Co., Ltd.
- 8.3.7. Kansai Paint Co., Ltd.
- 8.3.8. Henkel AG & Co. KGaA
- 8.3.9. BASF SE
- 8.3.10. Dow Inc.
- 8.3.11. National Paints Factories Co. Ltd.
- 8.3.12. Nippon Paint Holdings Co., Ltd.
- 8.3.13. Watson Standard
- 8.3.14. Evonik Industries AG
- 8.3.15. Tnemec Inc.
- 8.3.1. AkzoNobel N.V.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
