Market Size of Can Coatings Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.52 Billion |
| Market Size (2029) | USD 6.90 Billion |
| CAGR (2024 - 2029) | > 4.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Can Coatings Market Analysis
The Can Coatings Market size is estimated at USD 5.52 billion in 2024, and is expected to reach USD 6.90 billion by 2029, growing at a CAGR of greater than 4.5% during the forecast period (2024-2029).
The COVID-19 pandemic hampered the market, as lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. The food and beverage industry has witnessed a decline due to the halt in activities. However, the condition has recovered since 2021 and is growing at a significant rate.
- The increasing demand for food and beverage packaging and the growing usage of aerosol cans in the personal care industry are expected to drive market growth.
- However, stringent VOC emission regulations are expected to hinder market growth.
- The growing inclination for eco-friendly packaging coatings is expected to provide opportunities for the growth of the market.
- Asia-Pacific is expected to dominate the global can coatings market due to the increasing consumer base in the region especially in China, India, and ASEAN Countries.
