About Food Can Coatings
Food cans are help to preserve the taste and nutritional values of food and beverages. Food and variety of beverages can be stored into the can for longer duration. Hence the interaction between can and internal food ingredients is need to be minimized. This cans are mainly coated with organic layer. This organic layer protects integrity of the can from effects of the food. In addition, it prevents and inhibit chemical reactions between the can’s metal and the food. Epoxy-based resin is mostly used for coating aluminium and steel cans. The North American Metal Packaging Alliance (NAMPA) has estimated that 95% of food contact can coatings are epoxy type. Owing to their essential functioning, Food Can Coatings widely used in food, meat and seafood and plant based meat processing’s. In addition, beverages industry including RTD beverages, dairy based products demand for food cans coatings. Hence, increasing expenditure of food and beverages industry impacting on the demand for food can coatings in positive manner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of is Food Can Coatings expected to grow with rising demand for food& beverages cans. Hence there are several companies are providing Food Can Coatings with unique feature. They are able to maintain safety and food properties. The market is highly fragmented with the presence of number of market players. Additionally, many local vendors are also entering to market with excellent features which in turn impacting on the competitive rivalry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Can Coatings market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AkzoNobel (Netherlands), TOYOCHEM CO., LTD. (Japan), Altana AG (Germany), Tiger Coatings GmbH (Austria), PPG Industries (United States), Dow Chemical (United States), VPL Coatings GmbH & Co KG (Germany), Valspar (United States), Siegwerk Druckfarben. (Germany), Hubergroup Deutschland GmbH (Germany) and Wikoff Color Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bostik (France), DSM (Netherland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Food Can Coatings market by Type (Epoxy, Fossils Gums, Phenolic, Polyester and Others), Application (Seafood, Meat, Beverages, Vegetables and Others) and Region.
On the basis of geography, the market of Food Can Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Natural will boost the Food Can Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin Type, the sub-segment i.e. Oil Based Resins will boost the Food Can Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand for Epoxy Coatings over Others
Market Growth Drivers:
Rising Demand for Food Can Coatings in Meat and Seafood Packaging and Growing Food and Beverages Industrial Infrastructure
Challenges:
High Lead Times for Custom Coatings and Colour Changes during Process and Global Supply Chain Disruption owing to Covid 19
Restraints:
Huge Investment Requirement for Setup and Manufacturing and Presence of Alternatives
Opportunities:
Rising Industrial Expenditure of Food Processing’s and Meat Industry Especially in Asia Pacific has Created Growth Opportunities
Market Leaders and their expansionary development strategies
In February 2023, Stahl has agreed to acquire ICP Industrial Solutions Group (ISG), a high-performance packaging coatings manufacturer. ISG, a division of Innovative Chemical Products (the ICP Group), offers a portfolio of high-performance coatings used primarily in packaging and labeling applications, notably in the resilient food and pharmaceutical sectors.
In March 2021, Toyochem Co., Ltd. has launched new line of Bisphenol A non-intent (BPA-NI) internal coatings for metal beverage bottles and cans. It is based on acrylic emulsion and polyester resins. The new BPA-NI internal sprays and coil coatings are formulated for health and food safety concerns. With this launch, company is able to satisfy all safety concerns for food can coatings.
Key Target Audience
Food Can Coatings Manufacturers, Food Can Coatings Suppliers/Distributors, Raw Material, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.