Metal Packaging Coatings Market To Increase at Steady Growth Rate

About the Report

The main objective of the Fact.MR report on metal packaging coatings market is to provide readers with unique and actionable insights on market scenario, market dynamics, demand generators, as well as important factors impeding growth of the metal packaging coatings market. The Fact.MR study provides readers with useful insights on lucrative opportunities for stakeholders, recent developments, and growth prospects of the metal packaging coatings market. Accurate and reliable qualitative and quantitative conclusions about the growth of the metal packaging coatings market are featured in the Fact.MR report on metal packaging coatings market.

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Definition

Metal packaging coatings are used to protect metal packaging materials from being damages due to external factors, such as corrosion. Various types of resins, such as acrylics, epoxy, and urethanes, are used to manufacture a variety of metal packaging coatings based on the specific requirements of its end-use applications. Manufacturers in the metal packaging coatings in powder as well as liquid form as metal packaging coatings find modern applications in improving the aesthetics of metal packaging solutions.

Competitive Landscape

The Fact.MR report provides comprehensive information about the leading players in the metal packaging coatings market in its competitive landscape segment. This chapter includes detailed information about each stakeholder in the metal packaging coatings market, and the information includes key financials, recent strategies, and SWOT analysis of each player in the metal packaging coatings market. The metal packaging coatings market players featured in the Fact.MR report include PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Co., RPM International Inc., Nippon Paint Holdings Co., Axalta Coating Systems, BASF Coatings GmbH, Kansai Paint Co. Ltd., Behr Process Corp., Benjamin Moore & Co., and Nippon Paint (USA).

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Key Developments

PPG Industries, Inc., an American paints & coatings company, recently announced that its metal deco ink business has been acquired by Sun Chemical, another leading supplier of printing inks in the metal packaging coatings market. Sun Chemical has adopted strategies to grow in the metal packaging coatings market by acquiring businesses that complement the growing needs for new ways of decorating metal packaging materials.

Akzo Nobel N.V., a Dutch performance coatings company in the metal packaging coatings market, recently launched Vitalure™ G2 10 – a new metal packaging coating for internal protection of three-piece food cans and ends. The company claimed that the new coating exhibits strong technical performance characteristics to suit the specific requirements of the food & beverage industrial applications.

Kansai Paint Co. Ltd., a Japanese chemical company in the metal packaging coatings market, recently acquired shares of the Sadolin Group, an East African coating manufacturer. With this acquisition, the company is aiming to enter new markets and using globalization as a prioritized measure to gain momentum in the metal packaging coatings market in the upcoming years.

Other players in the metal packaging coatings market, such as Nippon Paint Holdings Co., RPM International Inc., and Axalta Coating Systems, are aiming to expand their businesses in the Asia Pacific region, to capitalize on the rapid growth of the end-user industries of metal packaging coatings in the region. Furthermore, introducing environmentally friendly and more sustainable metal packaging coating solutions remains another leading trend in the metal packaging coatings market.

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Taxonomy

The comprehensive information featured in the Fact.MR report on metal packaging coatings market is divided into several segments for the understanding of readers. The metal packaging coatings market is segmented according to the resin types, process types, form types, product types, and regions.
The metal packaging coatings market divided into six sub-segments based on the types of resins used in metal packaging coatings – Acrylics, Fluoropolymers, Urethanes, Epoxy, Poly Alkyds, and Amines. Based on the process types, the metal packaging coatings market is segmented into thermal spraying, coil, electroplating, extrusion, and hot-dip.

Depending on types of metal packaging coatings forms, the metal packaging coatings market is segmented into two types – liquid metal packaging coatings and powder metal packaging coatings. The metal packaging coatings market is divided into six categories of product types – beverage cans, aerosol cans, food cans, bottles, drums & pails, and caps & closure.

According to leading geographical region and regional markets for metal packaging coatings, the global metal packaging coatings market is segmented into North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA).

Growing Importance of Packaging Aesthetics Trigger Demand for Metal Packaging Coatings for Decoration

The packaging industry is gaining momentum, which is mainly attributed to the increasing growth of the e-commerce sector, and demand for innovative packaging materials to improve sales of packaged goods has been on the rise ever since. Taking into account the positive impact of attractive packaging outlook on the purchasing decisions of consumers, players in the metal packaging coatings market are introducing innovative, decorative coatings for metal packaging solutions.

Metal packaging coatings market players are likely to introduce high-quality, durable, and safer metal decorating coatings and inks to enhance the outer appearance of packaging solutions. With growing awareness about how packaging design influences consumer behavior, demand for decorative inks and coatings for metal packaging is expected to drive a popular trend in the metal packaging coatings market in the foreseeable future.

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Positive Growth of the Metal Packaging Industry to Boost Outlook of the Metal Packaging Coatings Market

As environmentalism is taking roots as an ideology among consumers across the world, the packaging industry is adopting metals to reduce their environmental footprint. As metal packaging solutions have a positive image owing to its recyclability and environmental sustainability, its growth is expected to make a positive impact on growth of the metal packaging coatings market in the upcoming years.

Growing demand for sustainable and eco-friendly packaging materials is giving rise to the magnified growth of the metal packaging industry, generating more opportunities for metal packaging coatings. In addition, metal is stronger and more durable than other packaging materials, it is being considered an ideal packaging material by most players in the packaging industry. Thereby, the metal packaging coatings market is expected to ride on coattails of incremental growth prospects of the metal packaging industry in the foreseeable future.

Additional Questions Answered

The metal packaging coatings market report provides in-depth information about changes in growth parameters of the metal packaging coatings market during the forecast period 2018-2027. Along with the thorough information about the current and most recent growth parameters of the metal packaging coatings market, the report also answers important market-related questions for readers. This information can help new entrants in the metal packaging coating market to plan appropriate business strategies in the coming years.

Some the questions answered in the metal packaging coatings market report include:

  • Which industrial application will hold the largest value and volume share in the metal packaging coatings market?
  • How is the apparent demand for metal packaging and how its applications are increasing by the end of the forecast period?
  • Why are the leading stakeholders in the metal packaging coatings market investing heavily in the developed regions?
  • Which type of metal packaging coating products will witness maximum and the lowest demand by 2027?
  • What are the regional prospects of the market of metal packaging coatings in 2018 and how would it take shape during the forecast period?

Research Methodology

The report offers an in-depth assessment and reliable conclusions on the metal packaging coatings market, which are based on a unique market research methodology that involves comprehensive primary and secondary research approaches. Intelligence obtained from opinion leading stakeholders in the metal packaging coatings market and industry experts in the metal packaging industry as well as paints & coatings industry have been extrapolated. Acquiring comprehensive, industry-validated data has helped analysts to obtain this value-based and insightful research report on the metal packaging coatings market.

For ascertaining the market growth estimates on the basis of volume and value, revenues generated by industry leaders, coupled with their production capacities are taken into consideration. Secondary research on the metal packaging coatings helps analysts to find out the historical and current facts, data, and information to predict the new avenue of growth in the metal packaging coatings market.

The secondary market research processes are then followed by primary research, where leading stakeholders in the market, such as manufacturers, distributors, suppliers, chemical providers, and investors, in the metal packaging coatings market are interviewed, and most accurate conclusions on the growth of the metal packaging coatings market during 2018-2027.

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About the Author: Shambhu Nath Jha

Mr. Shambhu Nath Jha is a seasoned consultant and researcher. His research papers have been published in reputed websites and trade journals. His interests include philosophy and history.

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