Can Coating Market by Material Type (Epoxy, Acrylic, Polyester, Powder, Other), by Coating Type (Interior Coating, Exterior Coating), by application (food container, beverages, Chemical, Pharmaceutical) by Region Forecasts to 2026
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The global Can Coating Market was valued at USD 2.05 Billion in 2018 and is expected to reach USD 2.71 Billion by year 2026, at a CAGR of 3.6%. Can Coating Market is driven by the increase in global supply of food and beverages, use of cans for preservation of chemicals in chemical and pharmaceutical industries. Due to increase in global connectivity, preservative food market increases. Food preservation restrict the growth of microorganisms, as well as slowing down the oxidation of fats that cause rancidity. It became necessity for the manufacturer to adds food preservative to the food during processing for the purpose of avoid spoilage during the transportation time.Globally, sugary drink consumption is rising dramatically due to widespread urbanization and beverage marketing. PepsiCo Inc. is a leading food and beverage company. It has an impressive global presence, and distribution worldwide. There are many other food and beverage company as well who has global supply chain. Can coatings market is mainly growing due to the growth of food & beverages, personal care, chemical, and pharmaceutical industries. Due to development in global transportation, increasing global connectivity, and technology for preservation of food helps the food and beverage industries to expand their market at global levelPPG Industries, Akzo Nobel, ALTANA, Toyochem, International Packaging Coatings, TIGER Coatings, Valspar, KANSAI PAINT, VPL Coatings, Covestro AG, Henkel AG & Co.Epoxy, Acrylic, Polyester, Powder, Other,Interior Coating, Exterior Coating.
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