There are various types of containers such as plastics, metal and glass containers that are frequently used in industries to store and transport industrial and non-industrial goods. These containers also help manufacturers to maintain proper operational simplicity and inventory management across all prominent industries.
Owing to such factors, it becomes mandatory for manufacturers to maintain the quality and long shelf life of the containers. Container coatings are coated on containers to protect it from corrosion and other environmental exposure. Furthermore, container coating also provides better air circulation quality inside the containers, which raise the product life and also maintain its integrity.
Along with this, the adoption of these container coatings has witnessed massive traction in recent years, owing to its ability to provide excellent outdoor UV resistance, fast drying time and fine surface protection. All these factors are likely to strengthen the container coating market growth during the forecast period. Overall the global viewpoint for the container coating market is anticipated to remain positive during the forecast period.
The variety of plastics and steel containers are used in shipping the variety of merchandise from one country to another. The rising trade activities and business relationships across the continents create a significant demand for metal containers. Leading logistics players operating in the market are using this container coating to keep the containers clean and to prevent damage and contamination of goods while transporting.
Furthermore, the rising adoption of water bourn coatings over other conventional coatings to meet the sustainability targets across the continents is bolstering the container coating market growth substantially. Moreover, the rising demand for reusable/reconditioned containers to save the unnecessary procurement cost is also fuelling the demand for container coating in the market.
Also, the growing use of container coating to give the container an aesthetically pleasing appearance for longer duration is probable to push the market growth upwards. On the other hand, harmful effects associated with solvent-based coatings and fluctuating prices of steel containers are one of the restraints which lead to dent the container coating market considerably.
Based on the geography, the container coating market is categorized into North America, Latin America, Europe, South Asia, East Asia, and MEA regions. The North America region is projected to be a momentous shareholder of the global container coating market and anticipated to experience the steady market growth during the upcoming years.
The rising shipping and transportation activities in this region are contributing considerably to the market growth. In Europe, leading countries such as Germany, Spain, and the U.K. are projected to remain at the forefront in terms of the market share of container coating throughout the forecast period. An adequate presence of container coating manufacturers in European countries is also promoting market growth.
The striking expansion of prominent end-use industries such as food, beverage, and pharmaceutical industries in the South Asia region is likely to fuel the demand for container coating during the forecast period. Furthermore, being one of the leading manufacturers of containers, the East Asia region is expected to be highly attractive regarding market share and growth rate.
Prominent container coating manufacturers are targeting the emerging regions such as East & South Asia to maximize financial revenue. The Latin America region is estimated to follow the North America region during the forecast period.
Some of the leading container coating manufacturers operating in the market are The Sherwin-Williams Company, Ultrimax Coatings, Nordson Corporation, KANGNAM JEVISCO CO., LTD., Nordson Corporation, Chugoku Marine Paints, Ltd. and other local manufacturers.
The report on container coating market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Container coating market also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of coating, container coating market is segmented into:
On the basis container type, container coating market is segmented into:
On the basis of end use industry, container coating market is segmented into:
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