Can Coatings Market

Can Coatings Market Analysis

Cans are made up of different metals such as aluminum, tin, and electrolytic chromium coated steel. Food and beverage cans safeguard taste and dietary benefits of their filling for up to several years. As an outcome of such long storage occasions, interactions between packaging and food should be minimized. Cans are ordinarily covered with a natural layer that shields integrity of can from impacts of food and prevents chemical compounds reaction between metal of cans and food. Most jars and cans are covered inside and remotely with films of 1 to 10 µm thickness. Coatings are generally applied to the both sides of planar metal sheets or coils by roller covering before the cans are shaped. On the other hand, coatings are splashed on preformed cans. Coatings contain different additives, e.g. agents to increase abrasion and scratch resistance of can coatings, lubricants, anti-foaming agents, adhesives, scavengers for hydrochloric acids, and pigments.

COVID-19 scenario analysis:

• The global market for can coatings is severely impacted by the outbreak of the COVID-19 pandemic. 
• The COVID-19 pandemic led to a decline in the economic growth in almost all major countries, thus affecting consumer spending patterns. 
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of can coatings, which negatively impact the market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Growing demand for processed food bundling drive the food can coatings industry. Developing bundling and packaging industry and its extension over the worldwide alongside rising demand for preserved food is the key factor that has fueled the food can coating demand globally. Food can coating decreases interaction between the food and can. The coating also helps to preserve the taste of food and store it for a longer duration of time. In addition, its rising use in meat and organic products based can packaging applications will grow the market size. Can covering in metal bundling items gives protection from acidic additives. Also, its protection and beautifying style will build their demand for different applications globally. High cost of can coatings might restrain the market growth and it will limit their production and profit margin among product manufacturers and suppliers.

New product launch to boost the market

PPG industries introduce Nutrishield and Nutrishield Solista, new age coatings for the food and beverage canindustry for enhancing the food contacts prerequisites intended to satisfy can producers and brand proprietors. The new product offered by the company is the first BPA-NI elite performance for the food can industry endorsed to pack ready meals, soups and baby nourishments, for example, milk. The spray coatings are appropriate for low to high pH and fatty foods, and furthermore have improved neutral properties to enable effortlessly influenced items to finish broad flavor assessments.

Surge in usage in beverages applications

Can coatings are highly serving in the beverages sector. With rise in disposable income, there is increase in demand for beverages cans as well. This can be majorly recognized to extensive packing of beverages in cans, as these cans are easy to carry and has enhanced look. Beverages cans help in preserving the taste for a longer duration. Annually, more than 300 billion beverage cans are produced globally. 

Key benefits of the report:

• This study presents the analytical depiction of the global can coatings market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global can coatings market.
• The current market is quantitatively analysed to highlight the global Can Coatings market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global can coatings market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the can coatings market research report:

• Who are the leading market players active in the can coatings market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the can coatings market?
• What are the projections for the future that would help in taking further strategic steps?

 Can Coatings Market Report Highlights