Can Coatings

Can Coatings

Global Can Coatings Market to Reach US$2.7 Billion by 2030

The global market for Can Coatings estimated at US$2.1 Billion in the year 2023, is expected to reach US$2.7 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2023-2030. Beverage Can Application, one of the segments analyzed in the report, is expected to record a 3.5% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Food Can Application segment is estimated at 3.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$587.0 Million While China is Forecast to Grow at 4.5% CAGR

The Can Coatings market in the U.S. is estimated at US$587.0 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$376.4 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 2.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Can Coatings Market - Key Trends and Drivers Summarized

Can coatings are specialized coatings applied to the interior and exterior surfaces of metal cans used primarily in the food and beverage industry, as well as in aerosols and general line products. These coatings serve critical functions such as protecting the contents from contamination, extending shelf life, and preventing corrosion of the can itself. They also enhance the exterior appearance and printability, facilitating branding and product differentiation. Innovations in can coating formulations have moved towards more environmentally friendly options, reducing or eliminating the use of bisphenol A (BPA) and other volatile organic compounds (VOCs), driven by stringent regulatory standards and growing consumer awareness about health and safety.

The market for can coatings is witnessing significant evolution, influenced by changing industry regulations and shifting consumer preferences. In recent years, there has been a marked shift towards the adoption of water-based and UV-cured coatings, propelled by the need to reduce environmental impact and improve safety standards. The demand for sustainable and safer packaging solutions is rising, particularly in the food and beverage sector, where the integrity of the packaging directly impacts product quality and consumer health. Additionally, advancements in coating technology have led to the development of more durable and versatile coatings that can withstand extreme conditions and provide improved functionality. This includes resistance to acidic contents and high-pressure environments, which are essential for maintaining the structural integrity and aesthetic appeal of cans in the competitive retail space.

The growth in the can coatings market is driven by several factors including technological advancements, regulatory changes, and consumer behavior shifts. Technological innovations, such as the development of high-performance materials that offer enhanced protective properties and compatibility with various types of metal substrates, are critical. These innovations address the industry`s need for efficiency and performance in can manufacturing processes. Regulatory pressures continue to shape the market landscape, with increased restrictions on chemicals traditionally used in can coatings encouraging the industry to pivot towards safer, more sustainable alternatives. Consumer preferences for sustainable packaging solutions are also a significant growth driver, as more consumers opt for products that align with their values on health and environmental impact. This trend is pushing beverage and food manufacturers to invest in research and development of new coating solutions that meet both regulatory standards and consumer expectations, thereby fueling market growth.

Select Competitors (Total 29 Featured) -

• Eastman Chemical Company
• Wacker Chemie AG
• DIC Corporation
• Ball Corporation
• Flint Group
• Carl Schlenk AG
• Sam Young Ink & Paint Mfg. Co., Ltd.
• Hexion, Inc.
• ELANTAS GmbH
• VPL Coatings GmbH & Co KG
• Eagle Chemicals

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.