Can Coatings Market 2022 with Size, Share, Global Business Growth, CAGR , Industry Revenue, Demand, and Applications Market Analysis Research and forecast to 2026

The global can coatings market size is projected to reach USD 2.65 billion by the end of 2026. The increasing demand for the product across numerous industries will create several growth opportunities. According to a report published by Fortune Business Insights, titled "Can Coatings Market Size, Share & Industry Analysis, By Type (Epoxy, Acrylic, and Others), By Application (Food Cans, Beverage Cans, Aerosol Cans, and Others) and Regional Forecast, 2019-2026," the market was worth USD 1.97 billion in 2018 and will exhibit a CAGR of 3.8% during the forecast period, 2019-2026.

The recent coronavirus outbreak has had an adverse impact on several businesses across the world. Due to the severity of the disease, governments across the world are taking strict measures to curb the spread of the disease. Due to the rapid spread of the disease, several businesses have been shut down. The shut downs in retail stores and commercial chains has affected the growth of the market in 2020.

The report will include the impact of the Covid-19 pandemic on the global. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic.

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List of key companies profiled in the Can Coatings Market Research Report are:

• BALL CORPORATION

• Kupsa Coatings

• Kansai Nerolac Paints Ltd.

• The Sherwin-Williams Company

• PPG Industries, Inc.

• TOYOCHEM CO., LTD.

• VPL Coatings GmbH & Co KG

• National Paints Factories Co. Ltd.

• IPC GmbH & Co. KG

• Axalta Coating Systems

• CSC BRANDS, L.P.

Can coatings are used to prevent the reaction of foods inside the cans. It is mostly made of organic substances and allows storage of foods for a longer duration. Can coatings are widely used to increase the overall shelf life of the food products that are being sold in commercial stores as well as indoors. The increasing demand for canned foods and presence of several retail stores and stores across the world will have a huge impact on the growth of the overall market in the coming years. The growing demand for canned foods, driven by the adoption of fast paced lifestyle will bode well for the growth of the overall can coatings market in the forthcoming years. The availability of raw materials used for producing can coatings will emerge in favor of market growth.

Increasing Efforts taken to Integrate Non-harmful Substances Will Create Several Growth Opportunities

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, growing efforts taken to integrate organic substances in can coatings by major companies across the world will have a huge impact on the growth of the market in the coming years. Accounting to the huge demand for organic products, several companies are putting in more efforts to maximize the use of substances that will have the least impact on the stored foods. In March 2016, Campbell Soup Company announced that it has taken the decision to shift to cans that do not involve the use of Bisphenol A linings. The company announced that it will be using cans with acrylic or polyester linings. The company will look to sell across the United States as well as Canada. Campbell Soup's latest activity will have a direct impact on the growth of the overall market in the foreseeable future.

North America to Emerge Dominant; Increasing Adoption of Metal Cans Will Aid Growth

The report analyzes ongoing market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to emerge dominant in the coming years. The increasing use of metal cans by major companies across the region will emerge in favor of market growth. The high investment in the development of efficient products by major companies will bode well for the growth of the market in this region. As of 2018, the market in 2018 was worth USD 675.5 million and this value is projected to increase further in the coming years. Besides North America, the market in Europe will witness considerable growth rate in the coming years driven by the increasing demand for the product in the food and beverages and personal care industries.

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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends in Global Market
Latest Technological Advancements
Insights on Regulatory Scenario
Porters Five Forces Analysis
Key developments: Acquisition, Collaboration, New Product Launch and Joint Venture
Can Coatings Market Analysis, Insights and Forecast - By Material
Key Findings
Market Analysis, Insights and Forecast - By Material
Epoxy
Acrylic
Others
Can Coatings Market Analysis, Insights and Forecast - By Application
Key Findings
Market Analysis, Insights and Forecast - By Application
Food Can
Beverage Can
Aerosol Can
Others
Can Coatings Market Analysis, Insights and Forecast - By Region
Key Findings
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC Continued…!!!

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This release was published on openPR.