Can Coatings Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Can Coatings Market in 2025 is estimated at USD 3.48 billion. The global market size crossed USD 3.34 billion in 2024 and is likely to register a CAGR of over 5.4%, exceeding USD 6.62 billion revenue by 2037. Asia Pacific dominates the market, spurred by urbanization and rising demand for packaged food and beverage containers.
The growth of the market can be attributed to the growing popularity of canned food and beverage. Further, the demand for canned products is influenced by increased disposable income and busy lives. As canned food is so convenient to use and consume, it is becoming more and more popular, which in turn will encourage the manufacturers of beverage cans to promote the necessity for can coatings. As per estimates, more than 90% of Americans store canned food in their households.
In addition to these, factors that are believed to fuel the market growth of can coatings include the increasing growth of the metal industry. There is a growing consumer demand for metal packaging as more and more people are readily consuming canned food and beverages. For beverage containers, metal packaging works best since it is easy to cool, great for keeping the contents fresh, and prevents breakages in transport owing to the material's durability. Additionally, can coatings are used in metal packing items owing to their qualities, such as resistance to acidic chemicals and meals. Moreover, as metal is a very sustainable material, it can be recycled endlessly and is easily moldable into a variety of designs. It also offers good protection against light, gas, and moisture.
