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The can coatings market is growing in the world due to growing food and beverages industry, and the fact that it can be easily recycled. P & S Intelligence calculated the revenue generated by the sales of such materials in 2017 as $ 2,100.6 million and predicted its 2023 revenue to be $ 2,588.9 million, growing at a 3.5% CAGR during the forecast period 2018-2023. The coatings are applied to the interior of the interior.
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Expanding Food and Beverages Industry Pushing the Can Coatings Market Ahead The can coatings market is growing in the world due to growing food and beverages industry, and the fact that it can be easily recycled. P & S Intelligence calculated the revenue generated by the sales of such materials in 2017 as $ 2,100.6 million and predicted its 2023 revenue to be $ 2,588.9 million, growing at a 3.5% CAGR during the forecast period 2018–2023. The coatings are applied to the interior of the interior. Get a sample copy of this report @ https://www.psmarketresearch.com/market-analysis/can- coatings-market/report-sample Polyester, acrylic, epoxy, and others are the various categories under the material segment of the market. Among these, the epoxy category led the can coatings market in 2017 with over 55.0% revenue share, as thesis Provide the metal with resistance against high temperature, corrosion, chemicals, 2 © P&S Intelligence. All rights reserved
Expanding Food and Beverages Industry Pushing the Can Coatings Market Ahead solvents, and staining. Further, this also helps in increasing the shelf life of the food or beverage inside. This further supports the finding of the two types of coatings available — interior and exterior — the interior type led the market in 2017 with over 55.0% revenue share. Beverage Cans, Cans Foods, Cans Aerosol, General Line Cans, and others are the various applications of can coatings. Of these, the sale of such coatings for beverage cans contributed to 65.0% of the total can coatings market revenue in 2017. Cans are preferred for the packaging of beverage as these are aesthetically appealing, lightweight, unbreakable, easy to carry, and recyclable. Talking of the recyclability factor, aluminum cans are recyclable in their entirety! Make Inquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=can- coatings-market 3 © P&S Intelligence. All rights reserved
Expanding Food and Beverages Industry Pushing the Can Coatings Market Ahead Further, the cost incurred and energy consumed in recycling these are a lot less than that to get a bauxite ore and then processing it. Similarly, cans made from tin can also be recycled without degradation in the metal quality. As per the Aluminum Association, almost $ 1,000 million worth of coins in the US, of which over 67% are recycled and reused as rain gutters, new cans, beams , window frames, and bicycles. Another reason, Perhaps the most significant one, behind the steady growth of the market is the expansion of the food and beverage industry as a result of increasing disposable income, population, government regulations, and awareness among people about their health. Beers, soft drinks, flavored milk, meats, mushrooms, health drinks, and more are packaged in cans. Further, several ready-to-eat products are packaged in cans, further increasing the demand for coatings. Browse An Overview Of This Report @ Can Coatings Market Size, Share, Trends Report 2023 We have global ground, North America generated the highest income (over 35.0%) for the growth of the market, the growth of the healthcare, food and beverages, and personal care sectors, which is leading to an increased demand for such material. Asia Pacific (APAC) is expected to grow faster, at 4.4% CAGR. 4 © P&S Intelligence. All rights reserved
Expanding Food and Beverages Industry Pushing the Can Coatings Market Ahead The governments of countries, including South Korea, India, and China, are expected to invest heavily in health, food safety, and industrial development. Hence, it is clear that the demand for can coatings in the food and beverages industry is predicted to increase in the coming years, taking the domain forward. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact: P&S Intelligence Toll-free: +1-888-778-7886 (USA/Canada) International: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com 5 © P&S Intelligence. All rights reserved
Expanding Food and Beverages Industry Pushing the Can Coatings Market Ahead Disclaimer: P&S Intelligence always keeps customers interest at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. P&S Intelligence does not endorse any product, service or vendor depicted in its research publications. All intellectual property, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service, report or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including and not limited to, all forms of optical-based media, magnetic, electronic, or digital without a written permission from P&S Intelligence. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 6 © P&S Intelligence. All rights reserved