Can Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Can Coatings Market is segmented by Type (Acrylic, Epoxy, Polyester, and Other Types), Application (Beverage Can, Food Can, General Line Can, Aerosol Can, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Can Coatings in revenue (USD million) for all the above segments.

Market Snapshot

Can Coatings Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >3 %

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Market Overview

The can coatings market is expected to record a CAGR of over 3% globally during the forecast period. The market is projected to witness growth on account of increasing usage of can coatings on food and beverage cans to protect products from contamination. However, stringent regulations on usage of BPA (Bisphenol A) and volatility in raw material prices are expected to hinder market growth.

  • Can coatings are primarily applied in metal packaging to strengthen as well as enhance flexibility, adhesion, and resistance. Furthermore, this product is employed in metal shaping process for elasticity, hardness, resistance, and adhesion.
  • In addition, metal packaging products employ can coatings owing to its properties, such as resistance to acidic additives as well as foodstuffs. These products find its application in various end-use industries, mainly to metal packaging, as they offer protection and decorative aesthetics.
  • The Asia-Pacific region is anticipated to be fastest-growing can coatings market across the world. The region is a manufacturing hub for food and beverages, pharmaceutical, and chemical industries owing to cheap labor and low cost of raw materials. This is projected to boost the consumption of metal cans, thus fueling the can coatings market.
  • Furthermore, increasing per capita expenditure on personal care, healthcare, and food and beverages, rising urban population, and a large consumer base has been a massive source of attraction for pharmaceuticals and food and beverage manufacturers to switch production facilities to this region.

Scope of the Report

The can coatings market is segmented by type, application, and geography. By type, the market is segmented into Acrylic, Epoxy, Polyester, and Other Types. By application, the market is segmented into Beverage Can, Food Can, General Line Can, Aerosol Can, and Other Applications. The report also covers the market size and forecasts for the can coatings market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Other Types
Beverage Can
Food Can
General Line Can
Aerosol Can
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand for Beverage Cans

  • Epoxy can coatings are extensively used in wide scope of applications among beverage can manufacturers. However, in recent years, manufacturers have started substituting epoxy-based coatings with other replacements owing to toxicological presence and regulatory policies put forth by various governing agencies. Acrylic and polyester coatings are currently being used as first generation substitutes to epoxy coatings and, more recently, polyolefin and non-BPA epoxy coatings were developed.
  • Acrylic-based can coatings offers clean appearance coupled with corrosion and sulfide stain resistance. However, these coatings are brittle, with a possibility of change in odor and taste of foods. Thus, these coatings are mostly ideal for applications in general line cans.
  • Beverage cans comprised the largest application segment for can coatings as it eases in maintenance of the flavor and taste of product. Beverage cans are utilized for alcoholic (beer) and non-alcoholic beverages (energy drinks, teas, fruit juices, herbal teas, soft drinks, etc.). Beverage cans extend a barrier against oxygen and light, consequently retaining the flavor and freshness of beverages.
  • In addition, beverage cans cool down faster than other materials, such as plastics and are preferred by customers. The surge in the demand is attributed to the rising demand for can coatings to preserve the taste and flavor. Beverage can manufacturers have to comply with stringent regulations laid down by food authorities pertaining to quality of cans. This is anticipated to propel the demand for can coatings.
Can Coatings Market - Segmentation

North America Region to Dominate the Market

  • North America represents the largest market for can coatings. The growth of can coatings market in the region is credited to the established presence of food and beverages, personal care, chemical, and pharmaceutical industries. This, in turn, is anticipated to use of metal cans in food and beverages, chemicals, pharmaceutical, and personal care industries, thus boosting the demand for can coatings market in the region.
  • Cans production in the region is mainly regulated by the US Food and Drug Administration. Manufacturers in the region must comply with regulations pertaining to coating products. This, in turn, is expected to impel the can coatings producers to develop alternatives to BPA (bisphenol A)-based can coatings.
  • Americans are now eating out more than ever before, as of 2019, more money was spent on food at restaurants and dining establishments compared to grocery or food stores.
  • Another driving factor behind the surge in growth in the restaurant sector has been the continued adoption of foodie culture by Americans and the rise of the fast casual sector, with a greater emphasis on quality ingredients, authenticity and ethnic variety.
  • Hence, with the increase in demand for metal cans, the demand for can coatings is expected to rapildy increase over the forecast period.
Can Coatings Market - Regional Trend

Competitive Landscape

The can coatings market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Akzo Nobel NV, PPG Industries Inc., National Paints Factories Co. Ltd, TOYOCHEM CO. LTD, and IPC GmbH & Co. KG, among others.

Recent Developments

  • In July 2021, PPG Industries, Inc. has planned to expand its facility in Delaware, Ohio, the United States for addition in the production of over varnish coatings for beverage can exteriors, including PPG ISENSE Gloss coatings. The following expansion is expected to increase the company's overall production of over-varnish coatings in the United States by 40%, which will significantly enhance the company's can coating business.
  • In June 2021, PPG Industries, Inc. has announced to expand its aluminum and steel cans coatings manufacturing capacity in the Netherlands and Poland of Europe for various packaging applications such as food, beverage, and personal care products. 
    • Under this project, the company will expand the production capacity for PPG INNOVEL non-BPA internal coatings for beverage cans by 30%, at its facility based in Tiel, The Netherlands. The expansion is likely to be completed by Q1 of 2022. 
    • Moreover, the Tiel plant also will double its production capacity for PPG iSENSE external coatings that are used for the exterior of metal cans for personal care and beverage packaging, which is likely to be completed by the end of 2021.
    • Furthermore, the company is likely to double capacity of PPG NUTRISHIELD line of non-BPA, internal, food can coatings at its facility based in Cieszyn of Poland, which is expected to be completed by the end of Q3 2021.
  • In March 2021, TOYOCHEM CO., LTD. has launched a new line of Bisphenol A non-intent (BPA-NI) internal coatings for metal beverage bottles and cans. These new BPA-NI internal sprays and coil coatings are based on acrylic emulsion and polyester resins. The company will market the product under the brand name Lionova in both domestic and overseas markets.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Food and Beverage Industry

      2. 4.1.2 Wide Scope of Application across Various End-user Industries

    2. 4.2 Restraints

      1. 4.2.1 Stringent Regulatory Policies

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Acrylic

      2. 5.1.2 Epoxy

      3. 5.1.3 Polyester

      4. 5.1.4 Other Types

    2. 5.2 Application

      1. 5.2.1 Beverage Can

      2. 5.2.2 Food Can

      3. 5.2.3 General Line Can

      4. 5.2.4 Aerosol Can

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)** / Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel N.V.

      2. 6.4.2 IPC GmbH & Co. KG

      3. 6.4.3 Kupsa Coatings

      4. 6.4.4 National Paints Factories Co. Ltd

      5. 6.4.5 PPG Industries Inc.

      6. 6.4.6 The Sherwin-Williams Company

      7. 6.4.7 TIGER Coatings GmbH & Co. KG

      8. 6.4.8 TOYOCHEM CO., LTD.

      9. 6.4.9 VPL Coatings GmbH & Co KG

    5. *List Not Exhaustive

    1. 7.1 Development of Bio-based Can Coatings

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Can Coatings Market market is studied from 2016 - 2026.

The Can Coatings Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Akzo Nobel N.V., PPG Industries, Inc., National Paints Factories Co. Ltd., TOYOCHEM CO., LTD., IPC GmbH & Co. KG are the major companies operating in Can Coatings Market.

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