Demand for Beverage Cans Spurs Growth in Metal Packaging Coatings Market
DUBLIN, Ireland — A new study from research firm Fact.MR predicts the global market for metal packaging coatings will record a compound annual growth rate (CAGR) of approximately 5% during the forecast period of 2020 to 2030. Proper food and flavor protection, outstanding adhesion and flexibility in coating formulations have leveraged the demand for metal packaging coatings in the can manufacturing and coating formulating industries. The study expects that 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 poised to drive market growth during the forecast period.
Key Takeaways of Metal Packaging Coatings Market Study