NEW YORK - May 3, 2021 - 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.
This is because can coatings play a major role in various metallic packaging applications in the food and beverage industry, on account of their ability to protect the food items in the cans from various harmful external environmental factors. These coatings act as protective barriers between the food products (inside the can) and the internal surface. Soft drink, flavored milk, mushroom, health drink, meat, and beer are some of the major food and beverage items sold in cans.
Across the globe, the demand for can coatings will rise rapidly in the Asia-Pacific (APAC) region in the coming years, as per the estimates of P&S Intelligence, a market research company based in India. This will be because of the soaring government expenditure on food safety, hygiene, industrial developments, and public health and the expansion of the food and beverages industry in the regional countries such as India, South Korea, and China.
Hence, it is safe to say that the demand for can coatings (https://www.psmarketresearch.com/market-analysis/can-coat...) will skyrocket all over the world in the upcoming years, on account of the growing usage of cans in the food and beverage industry.
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