The market for metal packaging coatings is expected to experience significant growth throughout the forecast period (2020-2030), with a CAGR of over 5%. Premiumization has been the preferred option across several beverage packaging industry segments. By positioning their products on opulent platforms, brand owners hope to attract customers, which will increase the demand for package coating.
During the projected period, the food and beverage industry’s trend towards premium packaging is expected to accelerate market growth. The need for metal packaging coatings is expected to rise as consumers pay more attention to the glossy colours, images, and designs on finished packaged goods.
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Metal Packaging Coatings Market- Key Takeaways
- Epoxy coatings hold major market share owing to superior corrosion resistance and non-BPA innovations.
- Beverage can applications are estimated to contribute significantly to market revenue, owing to compliance to food quality and safety regulations.
- Asia Pacific is a key metal packaging coatings market owing to the massive presence of pharma, food, and chemical manufacturing industries
Metal Packaging Coatings Market- Driving Factors
- Demand for coating characteristics including content safety, easy printing, and higher customization boost demand.
- Growth in e-commerce coupled with urbanization drive demand for metal packaging, which in turn bolsters need for metal coatings.
Metal Packaging Coatings Market- Major Restraints
- Strict regulations associated with production and application of metal packaging coating materials hinder scope of growth.
- Health concerns over VOC emissions associated with metal packaging coatings hold back adoption.
COVID-19 Impact on Metal Packaging Coatings Market
The coronavirus pandemic has moderately restricted the sales and applications of metal packaging coatings. A slump in the demand for canned beverages and personal care products during the pandemic has had an impact on the market. Also, disrupted supplies and production activity in industrial settings has hurt market growth, owing to the decline in demand for industrial aerosols. On the other hand, demand for canned foods has gone up during the pandemic and has provided market players with opportunities to lower the losses accrued during this period.
Competitive Landscape
Hempel A/S, Jotun Group, BASF SE, Kansai Paint Co. Ltd., Axalta Coating Systems Ltd. are some of the leading players participating in the metal packaging coatings market.
Major players in the metal packaging coatings market are pushing for research into the diversification of product portfolios with launches of new products and coating technologies to keep up with evolving consumer needs.
For example, Sensory Analytics has received a European patent for metal packaging coating thickness measurement technology. Promethean Particles has come up with nano-copper tech to for anti-microbial metal coating applications. Acqua S. Bernardo has diversified its packaging portfolio from Crown for sparkling mineral water packaging.
The Metal Packaging Coatings Market is an integral part of the packaging industry, playing a vital role in preserving the integrity of various products, including food, beverages, pharmaceuticals, and industrial goods. Coatings applied to metal containers serve as a protective barrier, safeguarding against factors like moisture and corrosion, while also enhancing the aesthetic appeal of the packaging. This market has been experiencing significant growth in recent years due to several key drivers. The increasing demand for packaged food and beverages globally has fueled the need for high-quality coatings to ensure product freshness and safety. Additionally, a growing focus on sustainability has led to the development of eco-friendly coatings, such as water-based and solvent-free options. Emerging markets, characterized by rapid urbanization and industrialization, have contributed to the market’s expansion across various sectors. Furthermore, technological advancements in nanotechnology and smart coatings are reshaping the landscape, offering enhanced corrosion resistance and real-time product condition monitoring.
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Some notable players in the Metal Packaging Coatings Market include PPG Industries, AkzoNobel, Valspar Corporation, and Sherwin-Williams, among others. Looking ahead, the market is poised for further innovations and developments. Sustainability remains a paramount concern, driving the demand for coatings that are free from hazardous substances and have lower volatile organic compound (VOC) emissions. Nanotechnology will continue to gain prominence, providing coatings with superior protection and longevity. The integration of smart coatings will enhance product safety and consumer confidence by providing real-time data on product conditions and tampering. Additionally, recyclability-focused coatings designed for easy removal during recycling processes will contribute to more sustainable packaging solutions. As metal packaging continues to be a preferred choice for product preservation and transportation, the coatings applied to these surfaces will remain pivotal in ensuring both product integrity and consumer satisfaction in the years to come.
Metal Packaging Coatings Market: Segmentation
Fact.MR has segmented the metal packaging coatings market on the basis of resins, process, form, product and region.
- By Resins
- Acrylics
- Fluoropolymers
- Urethanes
- Epoxy
- Poly Alkyds
- Amines
- By Process
- Thermal Spraying
- Coil
- Electroplating
- Extrusion
- Hot-Dip Galvanizing
- By Form
- Liquid
- Powder
- By Product
- Beverage Cans
- Aerosol Cans
- Food Cans
- By Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
As the demand for packaging coatings has increased globally, well-known brands have expanded their geographic reach. The metal packaging coatings market is highly consolidated in terms of supply, with the top three players accounting for more than one third of worldwide sales in 2019. Market leaders include Akzo Nobel N.V., Dow, and PPG Industries Inc.
To regulate the ideal temperature level, manufacturers are concentrating on creating thicker paints and coatings with cutting-edge technical properties that can be utilised in place of insulating materials. With hundreds of patents being filed for the coatings business, nanotechnology is also expanding its influence in the paints and coatings sector. Those that act first will outperform their rivals in terms of profits.
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