What is Food Can CoatingsMarket?
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.
Rising Demand for Food Can Coatings in Meat and Seafood Packaging and Growing Food and Beverages Industrial Infrastructure
Rising Industrial Expenditure of Food Processing’s and Meat Industry Especially in Asia Pacific has Created Growth Opportunities
The Vendors Covered in the Study are:
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)
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Food Can Coatings Market?
The Food Can Coatings market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Food Can Coatings Market?
Top performing companies in the Global Food Can Coatings market are 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), to name a few.
3. What trending factors would impact Food Can Coatings Market growth most?
"Huge Demand for Epoxy Coatings over Others" is seen as one of major influencing trends for Food Can Coatings Market during projected period 2020-2026.