Food Can Coatings Market Analysis - Global Industry Size, Share, Trends and Forecast 2020 - 2027

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC2424

Coating on food can is an important factor as it extends the shelf life of the product, keeps it safe for a longer period. Food manufactures are focused on developing eco-friendly coating products that are safe and reliable.

Market Dynamics

Flourishing food industry across the globe, changing government regulation pertaining to food safety and packing, and adoption of advanced coating techniques by major players are major factors expected to drive the growth of global food can coatings market. Rising disposable income and increasing spending of consumers on can food products is impacting the demand. The countries with the highest volumes of canned food consumption in 2019 were Germany (445K tonnes), France (380K tonnes) and the UK (357K tonnes), together accounting for 50% of total consumption. In 2019, the highest levels of canned food per capita consumption was registered in Ireland (40 kg per person), followed by the Netherlands (9.33 kg per person), France (5.78 kg per person) and Germany (5.43 kg per person), while the world average per capita consumption of canned food was estimated at 4.65 kg per person. Government of developed and developing countries is imposing various rules and regulations in order to safeguard the product that is sold in cans. This is resulting in manufacturers following enhanced and safe manufacturing practices low use of harmful chemicals for coating. They are investing high for R&D activities and inclining towards introduction of enhanced solutions are factors responsible for the food can coatings market growth.

In 2015, AkzoNobel a global coatings company launched new generation of coatings for internal protection of three-piece cans. Three-piece cans are widely used in food manufacturing this launch is expected to help the company to enhance the business presence and increase the customer base.

In 2015, PPG Industries, Inc. a global coating company launched NUTRISHIELD new-generation coatings for the food-can industry and Nutrishield SOLISTA internal protective spray coatings for drawn and wall-ironed food cans. This product launch is expected to help the company to enhance the business presence and increase the product portfolio.

Major players focus on business development through strategic merger & acquisition which is expected to help the company to enhance the business is another factor expected to boost the food can coatings market growth. Favorable business policies by the government of developing countries with the focus to strengthen the regional manufacturing capabilities along with emergence of small and mid-size enterprises with innovative solutions are factors expected to augment the growth of food can coatings market. Factors such as fluctuating raw material prices impacting the end product prices and stringent government regulations related to product approval are expected to hamper the growth of global food can coatings market. In addition, rising environment concern is expected to challenge the growth of metal cans further impacting the target market growth. However, increasing R&D activities by major players and focus on development of eco-friendly coating material are factors expected to create new opportunities for players operating in the food can coatings market. In addition, increasing partnership and agreement by major players in order to enhance the business presence and strengthen the distribution channel is expected to support the revenue transaction of the target market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the global food can coatings market due to high consumption of can food products. In addition, favorable business policies and introduction of new products from major players are factors expected to boost the growth of target market.

Increasing R&D activities by major players are focus on development of eco-friendly coating that has no side-effects on food products this is expected to impact the growth of food can coatings regional market.

Competitive Landscape      

The global food can coatings market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market

Global Food Can Coatings Market

Analysis Period

2016 – 2027

Base Year

2019

Forecast Data

2020 – 2027

Market Stratification

Type, Formulation, Application and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis


Food Can Coatings Market Segment Analysis, 2019

The global food can coatings market is segmented into type, formulation, and application. The type segment is bifurcated into epoxy, polyester, acrylic, and others. Among the type the epoxy segment is expected to account for noticeable revenue share in the target market. The application segment is divided into fruits, vegetables, meat, and others. Among the application the meat segment is expected to account for major revenue share in the food can coatings market. The players profiled in the report PPG Industries, AkzoNobel, Altana AG, Toyo Chem, Tiger Coatings GmbH, VPL packaging coatings, Kangnam Jevisco, Dow Chemical, Valspar, and Srisol.

Market Segmentation

Market By Type

Epoxy

Polyester

Acrylic

Others (Oleoresins, Vinyl, Alkyd, and Polyolefin)

Market By Formulation

Solvent based

Water based

UV cured

Others (oil, and powder)

Market By Application

Fruits

Vegetables

Meat

Others

Market By Region

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


Frequently Asked Questions

The Global Food Can Coatings Global Market is expected to grow steady during forecast period 2020-2027

Flourishing food industry across the globe, changing government regulation pertaining to food safety and packing, and adoption of advanced coating techniques by major players are major factors expected to drive the growth of global food can coatings market.

In formulation the water based segment is growing at faster pace.

In the global market the Asia Pacific region is expected to grow faster.

Some of the players considered in the report scope are PPG Industries, AkzoNobel, Altana AG, Toyo Chem, and Tiger Coatings GmbH

The North America is expected to account for major revenue share in the global market.

In application the meat segment is growing at faster pace.

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