January 28, 2021
According to the research report titled ‘South East Asia Can Coating Market Analysis, 2020‘, available with Market Study Report LLC, South East Asia can coating market is likely to record significant growth during 2020-2025
Surging urban population, increasing demand for processed food items, flourishing food and beverage sector and recyclability of cans is contributing to the growth of South East Asia can coating market. Also, increasing demand for soft drinks and energy drinks such as Red Bull, among the youth is propelling the industry growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3114546/
Can coating is a covering used for preservation of food for a longer period, majorly in food and beverage products.
The study on South East Asia can coating industry offers reliable data containing several growth drivers, opportunities and restraints that help in determining the growth rate of the market and its sub-markets.
In terms of food cans, South East Asia can coating market is bifurcated into aerosol cans, beverage cans, general line cans, and others. Based on end-use sector, the market is fragmented into outside and inside.
Considering the material type, South East Asia can coating market is divided into epoxy can coatings, polyester can coatings, acrylic can coatings, and others. Among these, the epoxy can coating segment held significant industry share in 2019 and is likely to experience considerable gains in coming years owing to its benefits such as easy processing and low price. However, harmful properties of epoxy may hamper its industry growth.
Whereas, the presence of strict regulations by several countries such as Singapore is encouraging adoption of polyester and acrylic coatings among different food manufacturing and companies, thereby fueling the demand for polyester and acrylic can coating segment during the 2020-25.
Major players influencing South East Asia can coating market trends are ToyoChem Co. Ltd., Akzo Nobel N.V., NIPSEA Group, and Tin Can Industry Company Ltd.