Global Metal Packaging Coatings Market Analysis: Brand Premiumization a Beacon for Future Expansion
The global metal packaging coatings market is poised to embark on a positive growth trajectory, registering a CAGR of ~5% across the forecast period (2020-2030). Premiumization has emerged as an ultimate choice across various sectors in the beverage packaging industry. Brand owners are seeking to draw in buyers by offering items positioned on luxurious platforms, thus augmenting demand for package coating.
Momentum towards premium packaging in the food and beverage industry is set to amplify the market’s growth during the forecast period. Increasing attention towards glossy colors, images and graphics on the final packaged products are set to boost the consumption of metal packaging coatings.
Metal Packaging Coatings Market Product Insights: Preference for Beverage Cans to Buttress Global Metal Packaging Coatings Market Growth:
In terms of value and volume, beverage cans dominated the metal packaging coatings market through the historical period and are projected to retain their supremacy over other products. Beverage cans are set to account for over half of the global demand by 2030. This scenario will prevail in the foreseeable future. Beverage cans segment is poised to expand at a CAGR of ~4% during the forecast period.
Furthermore, the popularity of multilayer films constructed with substrates and coatings is surging. This is attributed to its usefulness in improving shelf life without losing product aroma. Based on the aforementioned trends, the global metal packaging coatings market shall yield lucrative opportunities for market players.
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Metal Packaging Coatings Market Regional Insights: Unquenchable Thirst for Beer enables Europe to emerge as a Dominant Region
Europe, being the largest beer producer, is set to lead the consumption of metal packaging coatings, accounting for over one third of the global consumption by 2030. The projected growth is attributed to increasing demand for canned drinks and foods in countries like Germany, Italy, Spain, and the United Kingdom.
Following Europe is Latin America, expanding at a growth rate of ~5% over the forecast period. Alone, Brazil’s beverage industry was valued at around US$ 22 Bn in 2019, constituting a majority of the regional growth during the historical period. Adoption of modern machines and high investments in technological advancements by the Brazilian food and beverage industries will fuel the Latin American metal packaging coatings market during the forecast period.
Metal packaging coatings Market Manufacturers
As the market for packaging coatings has witnessed high demand worldwide, prominent brands have established their wider geographical footprint. From a supply perspective, the metal packaging coatings market is highly concentrated in which top three players accounted for over one third of the global sales in 2019. Akzo Nobel N.V., Dow and PPG Industries Inc. are identified as market leaders.
Manufacturers are focused on developing thicker paints and coatings with advanced technical characteristics that can be used in place of insulating materials, to control optimum temperature level. Further, nanotechnology is also spreading its influence in the paints and coatings industry, with hundreds of patents being filed for the coatings industry. The ones to move first will garner higher profits among their competitors.
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COVID-19 Impact Insights
The spread of the coronavirus has left industries bracing for impact. Nearly all countries have imposed lockdowns and strict social distancing measures. This has disrupted the demand-supply equation of multiple industries across the globe. The beverage industry, being a leading consumer of metal packaging coatings, has seen weak demand in the first two quarters of 2020. Nationwide lockdowns have resulted in plant shutdowns, affecting value chains of the metal packaging coatings industry.
Currently, Europe is a leading consumer of metal packaging coatings and also one of the worst affected regions by the coronavirus outbreak. Presently, Europe accounts for over one third of the global coronavirus confirmed cases. Consequently, its metal packaging coatings market is estimated to suffer a loss of nearly US$ 9 Mn by the end of 2020. North America is poised to experience a similar trend, estimated to suffer a loss of ~ US$ 7 Mn by the end of 2020.
“In the midst of the COVID-19 pandemic, the global metal packaging coatings market is poised to suffer a likely loss of ~ US$ 25 Mn by the end of 2020”, says the Fact.MR analyst.
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About the Report
Fact.MR published an exclusive forecast report for metal packaging coatings market between 2020 and 2030. The foremost objective of this report on metal packaging coatings market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the metal packaging coatings market.
Also, the study on metal packaging coatings market addresses key dynamics, which are expected to diversify the sales and future prominence of metal packaging coatings market.
The report on metal packaging coatings market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of metal packaging coatings market elaborating on the key segments. Also, the report outlines visionary insights on dynamics metal packaging coatings market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for metal packaging coatings.
Supply chain analysis and pricing analysis of metal packaging coatings market along with the difference between metal packaging coatings used as per applications have also been included in the report to help the readers clearly understand the product framework map in metal packaging coatings market.
Metal Packaging Coatings Market: Segmentation
Fact.MR has segmented the metal packaging coatings market on the basis of resins, process, form, product and region.
- Poly Alkyds
- Thermal Spraying
- Hot-Dip Galvanizing
- Beverage Cans
- Aerosol Cans
- Food Cans
- North America
- Latin America
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Metal Packaging Coatings Market - Scope of the Report
The metal packaging coatings market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2020 - 2030. The study predicts crucial trends that are determining growth of the metal packaging coatings market.
This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the manufacturing of metal packaging coatings. The report primarily conveys a summary of the market, considering the present and upcoming food and beverage industry developments to reveal striking sides relating to the adoption of metal packaging coatings across prominent regional markets.
A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the metal packaging coatings market enhance the reliability of this comprehensive research study.
Metal Packaging Coatings Market: Report Summary
The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the metal packaging coatings market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.
Metal Packaging Coatings Market: Analysis on Market Size Evaluation
Existing predictions of the metal packaging coatings market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
The market estimation at the regional and global scale of metal packaging coatings is available in terms of value (US$ Mn) and in terms volume (Kilo Tons). A Y-o-Y growth contrast of the prominent metal packaging coatings market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on metal packaging coatings types, where metal packaging coatings witness a steady demand.
Metal Packaging Coatings Market: Scrutinized Assessment on Regional Segments
The weighted sections have been elaborated in the report of the metal packaging coatings market, which deliver projection on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the metal packaging coatings market during the forecast period.
Country-specific valuation on the demand for metal packaging coatings has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Metal Packaging Coatings Market: In-depth Analysis on Competitive Landscape
The report offers competitive scenario of the metal packaging coatings market, along with profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of metal packaging coatings, have been presented with the help of a detailed dashboard view. The market share analysis and comparison of prominent players provided in the report permit readers to take preemptive steps in advancing their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
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