Can Coating Market

Can Coating Market Study by Epoxy, Polyester, and Acrylic for Beverage Cans, Food Cans, Aerosol Cans, and General Line Cans from 2024 to 2034

Analysis of Can Coating Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Can Coating Market Outlook (2024 to 2034)

The global can coating market size has been valued at US$ 2.61 billion in 2024, as revealed in the latest Fact.MR report. Worldwide demand for can coatings is approximated to rise at 3.3% CAGR and reach a market valuation of US$ 3.61 billion by 2034.

Increasing consumer desire for food products with color, texture, and flavor is estimated to lead to the growing concentration on availability, health implications, and feasibility of multiple coating possibilities.

Growing use of can coatings in potentially high growth countries, such as India, etc., for multiple applications, including general line cans, beverages cans, food cans, aerosol cans, and some other usage is contributing to global market growth. These coatings are used for enhancing or improving resistance, flexibility, and adhesion. Various types of metals, such as aluminum, zinc, tin, etc., are used in the production of cans, which are used for transportation, warehousing, and storage of products.

Coatings are used significantly in beverage cans as they ensure superior packaging solutions and maintain the taste of the respective product. Canned food is becoming a staple in kitchens, schools, supermarkets, and hospitals. Increasing preference for packaged food & beverages is forecasted to create prospects for suppliers of can coatings. The organic layer is used in can coatings, which protects the cans from the effects of chemical and food reactions between the can’s metal and food. Food cans are used for the storage of food & beverages assisting to preserve their nutritional value and providing decorative aesthetics.

Moreover, growing demand for aerosol cans for the packaging of personal care products is also set to contribute to the global market growth.

  • Worldwide sales of acrylic can coating are projected to rise at a CAGR of 3.3% and reach US$ 1.76 billion by the end of 2034.
  • East Asia is forecasted to capture 28.5% of the global can coating market share by 2034.
  • The market in South Korea is evaluated to increase at 5.2% CAGR from 2024 to 2034.
Report Attribute Detail
Can Coating Market Size (2024E) US$ 2.61 Billion
Forecasted Market Value (2034F) US$ 3.61 Billion
Global Market Growth Rate (2024 to 2034) 3.3% CAGR
Japan Market Growth Rate (2024 to 2034) 2.6% CAGR
North America Market Share (2034F) 27.6%
Market Share of Food Cans (2034F) 27.9%
Key Companies Profiled PPG Industries; Kansai Paints Co. Ltd.; Altana; National Paint Factories Co. Ltd.; Akzo Nobel N. V.; International Packaging Coatings; CSC BRANDS, L.P.; Kupsa Coatings; Tiger Coatings; IPC GmbH & Co. KG; Toyochem Co., Ltd.; Axalta Coating Systems; VPL Coatings GmbH & Co. KG.

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Which Aspects are Responsible for Steadily Expanding Can Coating Market Size?

“Increased Need for Recycling and Sustainability”

Sustainability is a pivotal factor in increasing demand for can coatings. With increasing awareness about the environmental impacts of harmful packaging materials, various manufacturers are moving to sustainable options. Furthermore, metal cans are recyclable and are reused with minimal quality loss. This recyclability is projected to make can coatings an attractive choice for consumers and producers, which are becoming more eco-conscious. Constant innovations in sustainable coating materials are generative lucrative opportunities for market players.

More companies are investing in R&D activities for the development of eco-friendly coatings for matching safety standards. The recyclability of these coating solutions is also contributing to increased adoption. International and local regulations are encouraging recycling, which is expected to result in growing requirements for specialized coatings aligning with sustainable practices.

“Advancements in Coating Technology”

In recent years, a significant amount has been invested in technological advancements for the development of coating methods and materials. Conventionally, epoxy resins were in increased demand, but increasing awareness about potential health risks associated with these options is resulting in increased inclination to alternative options, polyester and acrylic resins.

Advanced coatings ensure heat resistance, improved barrier properties, and adherence, which is making them more efficient in maintaining food safety and quality. These advancements are estimated to extend to various other industries, including pharmaceuticals, where coated cans are utilized for the storage of sensitive products.

Which Key Issues are Stunting Can Coating Market Growth?

“Fluctuating Prices of Required Raw Materials”

Polyester and vinyl are prominent raw materials used in can coatings. These petroleum-based raw materials are experiencing constant fluctuations owing to the volatility in the prices of petroleum, which is expected to adversely impact global market growth.

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How are New Market Players Projected to Increase Their Revenue Share?

“Production of More Effective Can Coatings Matching International Standards”

New companies are investing in the development of more efficient can coatings complying with set international standards, generating requirements for compliant and high-quality can coatings. This is estimated to help startups offering safe, efficient, and sophisticated can coatings.

Country-wise Insights

According to the recently updated study by Fact.MR, a market research and competitive intelligence provider, East Asia is analyzed to occupy 28.5% share of the global market by 2034. The region is a manufacturing hub of various industries, including pharmaceutical, chemical, food & beverages, etc., which is driving demand for metal cans, subsequently increasing sales of can coatings. Moreover, growing demand for certain can coatings, such as aluminum, etc., in the region, is owing to their longer shelf life, ability to stay cold for long, 100% recyclability, ease of transportation, and portability.

What is Expected from the United States Market Going Forward?

“Abundant Availability of Raw Materials Required for Manufacturing Can Coatings”

Attribute United States
Market Value (2024E) US$ 512.2 Million
Growth Rate (2024 to 2034) 3.6% CAGR
Projected Value (2034F) US$ 731.7 Million

The United States is calculated to possess 73.5% market share in North America by 2034-end. The rising use of metal cans in various industries including chemical, pharmaceutical, food & beverages, etc., is contributing to the demand for respective coating solutions. In addition, the abundance availability of raw materials in the United States is also forecasted to contribute to the growing demand for can coatings in the coming 10 years.

What Makes China a Key Market in the East Asian Region?

“Steadily Rising Consumption of Processed and Packaged Foods”

Attribute China
Market Value (2024E) US$ 416.8 Million
Growth Rate (2024 to 2034) 3.5% CAGR
Projected Value (2034F) US$ 589.1 Million

China is approximated to hold a share of 57.3% of the market in East Asia by the end of 2034. In recent years, there has been a noticeable increase in the demand for processed and packaged food products in the country. This is anticipated to generate requirements for high-quality can coatings ensuring the safety, longevity, and freshness of these consumables. Stringent regulations in China are forecasted to lead to the implementation of safer food packaging practices, which is generating demand for compliant can coatings.

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Category-wise Insights

Fact.MR, in its updated market study, reveals, that increased demand for acrylic coatings is attributed to their durability, resistance to weathering, and gloss retention qualities.

Which Type of Can Coating is Widely Preferred?

“Increasing Appeal of Acrylic Coatings Matching Stringent Sustainability Goals”

Attribute Acrylic
Segment Value (2024E) US$ 1.27 Billion
Growth Rate (2024 to 2034) 3.3% CAGR
Projected Value (2034F) US$ 1.76 Billion

Acrylic can coatings are evaluated to account for a share of 48.9% of global market revenue by the end of 2034. The rising popularity of acrylic coatings is attributed to the increasing concerns related to the health risks of BPA (Bisphenol A) generally found in epoxy resins. Acrylic coatings are consumed as a safer food packaging solution. In addition, acrylic coatings are also gaining traction for their color retention, excellent clarity, and qualities required for aesthetics and branding purposes. They are resistant to chemical corrosion and are more environment friendly than other coating materials, which is further positively influencing can coating market trends.

Why are Can Coatings Preferred for Food Cans?

“Rising Use of Coatings in Food Cans to Prevent Contamination of Products”

Attribute Food Cans
Segment Value (2024E) US$ 748.2 Million
Growth Rate (2024 to 2034) 3% CAGR
Projected Value (2034F) US$ 1 Billion

Food cans are forecasted to capture 27.9% share of the global market by 2034. These cans are projected to commonly use coatings, as they assist in the preservation of the taste and flavor of the products. The majority of food can manufacturers are adhering to set regulations imposed by respective regulatory organizations, such as food regulators to address the use related to the quality of packaging cans. When a product comes in direct touch with the surface of the metal, these can coatings are forecasted to aid in preventing contamination.

Food can coatings generate a barrier between light and oxygen, thus preserving the freshness and flavor of food products. In addition, more individuals are giving preference to cans as they cool rapidly compared to alternative materials, including plastics, etc. Therefore, an increased demand for can coatings is experienced to retain flavor and taste.

Competitive Landscape

Key players in the can coating market are increasing their expenditure on new product development to generate leads. Moreover, they are also putting efforts into the management of supply chain systems and offering quality products.

For instance :

  • PPG Industries, Inc., in July 2021, announced the expansion of the site, in Delaware, Ohio, to increase manufacturing of varnish coatings, PPG ISENSE Gloss coatings for use in the exterior part of beverage cans. This initiative is estimated to help the company increase its overall output and invest more in coating materials.

Fact.MR provides detailed information about the price points of key manufacturers of can coatings positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Can Coating Market Research

  • By Type :

    • Epoxy
    • Polyester
    • Acrylic
  • By Application :

    • Beverage Cans
    • Food Cans
    • Aerosol Cans
    • General Line Cans
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • MEA

- FAQs -

How big is the can coating market in 2024?

The global can coating market is estimated at US$ 2.61 billion in 2024.

What is the demand outlook for can coatings by 2034?

Worldwide sales of can coatings are approximated to reach US$ 3.61 billion by 2034.

At what rate are the sales of can coatings projected to rise?

The global market is evaluated to expand at a CAGR of 3.3% from 2024 to 2034.

How much share of the global market is North America anticipated to contribute?

North America is calculated to hold 27.6% share of the global market by 2034.

At what rate is the demand for can coatings evaluated to accelerate in South Korea?

The market in South Korea is projected to advance at a CAGR of 5.2% from 2024 to 2034.

What is the market scenario for acrylic can coatings?

Global demand for acrylic can coatings is poised to increase at 3.3% CAGR and reach a value of US$ 1.76 billion by 2034.

Who are the leading manufacturers of can coatings?

Key suppliers of can coatings include PPG Industries, Altana, Akzo Nobel N. V., Tiger Coatings, and CSC BRANDS, L.P.

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