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According to a new market research report released by P&S Market Research, the global canned coating market is expected to reach US$2.
5889 billion by 2023
.
The recycling and expansion capabilities of cans in the food and beverage industry are key factors driving market growth
.
Can coating is a barrier between the inner surface of the can and the inner content and between the outer surface of the can and the external environment
.
Epoxy resin is the leading material type in the can coating market, with a revenue contribution rate of more than 55% in 2017
.
This is due to the stability, protective function and chemical or solvent resistance of epoxy-based coatings
.
In addition, these coatings help improve the durability of the product, ensure food safety, and form a protective layer between the food or beverage and the metal
.
According to different types, inner can coatings have a large share in the can coatings market, with a contribution rate of more than 55% in 2017
.
Extensive use of internal coatings to separate canned products from metal surfaces to prevent them from contacting is its main market share
.
This prevents corrosion and coloring of metals, and also prevents food or beverages from being affected by color, taste and smell
.
Beverage cans are the largest application field of can coatings in history, accounting for more than 65% of the sales revenue of the can coatings market in 2017
.
This is mainly due to the wide packaging of canned beverages, because these cans are easy to carry and look fancy
.
The high use of canned beverage products ultimately drives the demand for canned coatings and is the reason why this type of product has the largest market share
.
The Asia-Pacific region (APAC) is expected to become the fastest-growing can coating market, with a compound annual growth rate of 4.
4% in value
.
Due to the huge government spending on food safety, sanitation, sanitation and industrial development, different countries in the region, such as China, India and South Korea, are expected to see strong economic growth in the near future
.
Can coatings can be used for metal packaging to provide distinctive design, quality, aesthetic appeal, sustainability, reliability and protection for different products in food and beverage, personal care, healthcare and other industries
.
Therefore, the rapid growth, development and innovation associated with the above-mentioned industries in the region are expected to drive the canned coatings market in the Asia-Pacific region
.
Cans are used to store, protect and extend the shelf life of various products (such as beverages, food, paint, pharmaceuticals and aerosol products)
.
These materials are made of steel or aluminum, which are the most commonly used recycled materials in the world
.
Aluminum cans are 100% recyclable, and the cost and energy associated with recycling aluminum cans are far lower than those obtained from bauxite
.
Steel tanks can also be recycled without any quality loss and can be reused in new products
.
The materials obtained from recycled cans can be reused in different ways, such as new cans, rain gutters, window frames, beams and bicycles
.
In addition, the recycling of canned food has many benefits, such as sustainable development, energy saving, reduction of greenhouse gas emissions, and reduction of the use of fossil fuels
.
All these factors are changing people's interest in canned products, leading to an increase in the use of canned foods, leading to the expansion of the global canned coatings market
.
5889 billion by 2023
.
The recycling and expansion capabilities of cans in the food and beverage industry are key factors driving market growth
.
Can coating is a barrier between the inner surface of the can and the inner content and between the outer surface of the can and the external environment
.
Epoxy resin is the leading material type in the can coating market, with a revenue contribution rate of more than 55% in 2017
.
This is due to the stability, protective function and chemical or solvent resistance of epoxy-based coatings
.
In addition, these coatings help improve the durability of the product, ensure food safety, and form a protective layer between the food or beverage and the metal
.
According to different types, inner can coatings have a large share in the can coatings market, with a contribution rate of more than 55% in 2017
.
Extensive use of internal coatings to separate canned products from metal surfaces to prevent them from contacting is its main market share
.
This prevents corrosion and coloring of metals, and also prevents food or beverages from being affected by color, taste and smell
.
Beverage cans are the largest application field of can coatings in history, accounting for more than 65% of the sales revenue of the can coatings market in 2017
.
This is mainly due to the wide packaging of canned beverages, because these cans are easy to carry and look fancy
.
The high use of canned beverage products ultimately drives the demand for canned coatings and is the reason why this type of product has the largest market share
.
The Asia-Pacific region (APAC) is expected to become the fastest-growing can coating market, with a compound annual growth rate of 4.
4% in value
.
Due to the huge government spending on food safety, sanitation, sanitation and industrial development, different countries in the region, such as China, India and South Korea, are expected to see strong economic growth in the near future
.
Can coatings can be used for metal packaging to provide distinctive design, quality, aesthetic appeal, sustainability, reliability and protection for different products in food and beverage, personal care, healthcare and other industries
.
Therefore, the rapid growth, development and innovation associated with the above-mentioned industries in the region are expected to drive the canned coatings market in the Asia-Pacific region
.
Cans are used to store, protect and extend the shelf life of various products (such as beverages, food, paint, pharmaceuticals and aerosol products)
.
These materials are made of steel or aluminum, which are the most commonly used recycled materials in the world
.
Aluminum cans are 100% recyclable, and the cost and energy associated with recycling aluminum cans are far lower than those obtained from bauxite
.
Steel tanks can also be recycled without any quality loss and can be reused in new products
.
The materials obtained from recycled cans can be reused in different ways, such as new cans, rain gutters, window frames, beams and bicycles
.
In addition, the recycling of canned food has many benefits, such as sustainable development, energy saving, reduction of greenhouse gas emissions, and reduction of the use of fossil fuels
.
All these factors are changing people's interest in canned products, leading to an increase in the use of canned foods, leading to the expansion of the global canned coatings market
.
