With the expansion of the food and beverage industry, the demand for can coatings is rising explosively across the world. Due to the surging disposable income of people, the boom in the global population, the rising public awareness about healthy eating habits, and the increasing implementation of stringent government regulations regarding food safety, the food and beverage industry is exhibiting rapid expansion across the world. This is consequently pushing up the demand for can coatings.
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This is why the demand for the recycling of these cans is exploding, which is subsequently driving the advancement of the global can coatings market. Between interior and exterior, which are the two main types of can coatings, the demand for the former was higher in the past. This was because of the high usage of these coatings for lining the internal surfaces of cans to prevent direct contact between the contents of the can and the can metal.
During the forecast period, the Asia-Pacific region is expected to demonstrate the fastest growth in can coating consumption, due to the increasing government expenditure on industrial developments, food safety, hygiene, and health in India, South Korea, and China. These coatings are applied in metallic packaging to offer characteristic design, aesthetic appeal, quality, reliability, sustainability, and protection to several products in industries like healthcare, personal care, and food and beverage. Therefore, the development of these industries is projected to boost the demand for can coatings in the region.
Hence, it is safe to say that the demand for can coatings will skyrocket all over the world in the upcoming years, on account of the growing usage of cans in the food and beverage industry.
Read More: https://www.psmarketresearch.com/market-analysis/can-coatings-market
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