Global Can Coatings Market Size To Worth USD 4.36 Billion By 2032 | CAGR of 5.1%

The Global Can Coatings Market Size will grow from $3.62 Billion in 2022 to $4.36 Billion by 2032, at a CAGR of 5.1% during the forecast period, according to a new report by Spherical Insights & Consulting.

Can coatings, also known as can linings, are materials that are put to the inside of metal cans or other containers to protect the contents from the possibly harmful effects of the metal. Between the can’s contents and the metal surface, these coatings act as a barrier, preventing any chemical reactions or interactions that can degrade the packaged product’s quality, flavour, or safety. Metal cans are commonly used to preserve food and beverages such as beer, fruits, vegetables, soups, and soft drinks. Without the coating, the metal is susceptible to corrosion or reactions with the contents, which can contaminate the final product and cause the leaching of potentially harmful substances.

Type Insights
Epoxy coatings segment is dominating the market over the forecast period
On the basis of type, the global can coatings market is segmented into Epoxy, Acrylic, Polyester, and Others. Among these, epoxy coatings segment is dominating the market over the forecast period. Epoxy coatings, which have a long history of use in can linings, are believed to be secure for contact with food when created and applied appropriately. They serve as a reliable barrier that successfully prevents the transmission of potentially harmful contaminants from the metal can into the packaged food or beverage. Since there has been a continual rise in the demand for canned food and beverages, epoxy coatings are crucial for addressing the packaging needs of a variety of items. Epoxy coatings have also been used extensively in the canning industry for a long time, and there is substantial proof of both their durability and efficacy. This proven technology is trusted by both manufacturers and consumers.

Application Insights
Beverage segment accounted the largest market share over the forecast period
Based on the application, the global can coatings market is segmented into Food Cans, Beverage Cans, General Line Cans, Aerosol Cans, and Others. Among these, the beverage segment accounted the largest market share over the forecast period. The market for can coatings in this industry is expanding as more beverages, including soft drinks, beer, energy drinks, and ready-to-drink beverages, are being packaged in metal cans for various reasons. The large surface area that cans offer for branding and marketing messages allows beverage companies to display their products in an appealing manner in retail displays and in advertising campaigns. Craft beers, ready-to-drink (RTD) drinks, and niche products are growing in popularity, which has raised demand for cans since they are perfect for preserving and promoting these sorts of drinks.

Regional Insights
North America accounted the largest market share over the forecast period
Among all other regions, North America accounted the largest market share over the forecast period. Since there is a sizable market for packaged food and beverages in North America, metal cans are widely used to package a variety of products. This regulation has increased the need for can coatings proportionately in order to ensure food safety and the integrity of the product. Due to their convenience, portability, and long shelf life, can items, particularly beverages like soft drinks and beer, are a preferred option for customers in the region.

Asia Pacific region is witnessing the fastest market share over the forecast period. A rising demand for packaged foods and beverages results from the region's large and rapidly growing population as well as its growing urbanisation, which has increased the use of metal cans and, as a result, can coatings. Increased disposable income has led to changes in consumer preferences throughout several Asia-Pacific countries, notably an increase in the demand for convenience foods and drinks, which has increased the need for can coatings.