Metal Packaging Coatings market sales are expected to register a CAGR of ~ 5% during the forecast period (2020-2030). Adequate food and flavor protection, exceptional adhesion and flexibility in coating formulations have increased the demand for metal packaging coatings in the can manufacturing and coating formulation industries. Additionally, the preference for green manufacturing will create a robust environment for metal packaging coatings as they are free from toxic chemicals like epoxy and BPA. A notable preference for aluminum and steel cans in the food and beverage industry is expected to drive the market growth during the forecast period.
For detailed information on improving your product’s footprint, request a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2433
Key trends in the metal packaging coatings market:
- Based on resins, acrylic resin is poised to remain the number one choice among metal packaging coating manufacturers, accounting for over a quarter of the market share in 2030.
- The reel process is expected to grow at a CAGR of around 4%, creating absolute dollar opportunities worth US $ 173 million by the end of 2030.
- Based on form, liquids dominated the market in terms of value in 2019 and are expected to maintain their supremacy over powdered forms, creating an absolute dollar opportunity worth $ 519 million by 2030.
- The increased consumption of metal packaging coatings in can manufacturing will exceed the market value of US $ 874 million in 2030.
- In terms of value and volume, Europe is poised to maintain its reign over other regions, accounting for over a third of global demand throughout the forecast period.
For critical insights into this market, request a methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2433
Metal packaging coatings market: segmentation
Fact.MR has segmented the metal packaging coatings market on the basis of resins, process, shape, product and region.
- Poly Alkyds
- Thermal projection
- Hot dip galvanizing
For an in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2433
Mergers and Acquisitions will continue to remain the best strategies for absorbing uncertainty
Benefiting from a highly consolidated market structure, key players such as Akzo Nobel NV, Dow and PPG Industries Inc. accounted for over a third of global sales in 2019. During the historical period (2015-2019) , leading companies have adopted many strategic goals to extend their roots across the globe. For example, Henkel acquired the business of Darex Packaging Technologies for more than US $ 1 billion in order to strengthen its presence in the market. Similarly, Beverage Can Makers Europe and European Metal Packaging, these two European companies have merged to expand their global presence. Mergers will continue amid this global emergency to make up for losses suffered during the pandemic.
Read more trend reports and the like from Fact.MR – https://www.globenewswire.com/en/news-release/2019/04/24/1808589/0/en/Construction-Lubricant-Sales-Surge-as-Investment-in-Protective-Solutions-Grows-Study- by-Fait-MR.html
Explore Fact.MR’s full coverage of the chemicals and materials landscape
Ketone Solvents Market Forecast, Trend Analysis and Competition Tracker – Global Review 2021 to 2031- https://www.factmr.com/report/1059/ketone-based-solvents-market
Phenol Derivatives Market Forecast, Trend Analysis and Competition Monitoring – Global Review 2021 to 2031- https://www.factmr.com/report/1250/phenol-derivatives-market
Shipping Container Coatings Market Forecast, Trend Analysis and Competition Tracking – Global Review 2021 to 2031- https://www.factmr.com/report/1251/shipping-container-coatings-market
Market research and consulting agency with a difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. While our experienced consultants use the latest technology to extract hard-to-find information, we believe our USP is the trust clients have in our expertise. Covering a wide spectrum – from automotive and industry 4.0 to healthcare and retail, our coverage is extensive, but we make sure that even the most specialized categories are analyzed. Our sales offices in the United States and in Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals, and we will be a competent research partner.
US Sales Office:
11140 Rockville Pike
Rockville, Maryland 20852
Phone. : +1 (628) 251-1583
The head office:
Unit No .: AU-01-H Gold Tower (AU),
Plot number: JLT-PH1-I3A,
Jumeirah Lakes Tours,
Dubai, United Arab Emirates
E-mail: [email protected]
Visit our website: https://www.factmr.com
The post office The demand for metal packaging coatings market is expected to grow at a CAGR of 4.1% in volume until 2030 appeared first on Swiss weather.