Fast.MR published an updated report on Metal Packaging Coatings market The report covers market data across regions worldwide including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report also offers coverage of segments in which sub segments are analyzed and market sizing is provided. For the purpose of this study, the Metal Packaging Coatings market has been segmented into:
Process Type Outlook
The market segmentation by process type includes thermal, coil, electroplating, extrusion, and hot-dip galvanizing. Among this category, extrusion and electroplating segments are likely to attain the highest growth rates over the forecast period. Extrusion is widely adopted by the vendors of the industry owing to its low manufacturing cost per part, enhanced surface finish, flexible nature, and many more.
Similarly, the electroplating segment is likely to observe steady growth in its demand over the predicted timeline. The key advantages of adopting electroplating are superior aesthetics, higher corrosion resistance, more magnificent surface luster, and many more. E-commerce platforms are one of the key drivers for the segment. E-commerce industry widely uses aesthetically pleasing packaging material, which is likely to boost the penetration of electroplating in the industry.
Product Type Outlook
Based on product type, the market is segmented into beverage cans, aerosol cans, food cans, bottles, drum & pails, and caps & closures. The demand for canned food is widely gaining popularity owing to the busy lifestyle and evolving eating habits of the consumers around the globe. The canned food industry observed growth of nearly 3.5% from 2017 to 2018 as per the stats released by the can help manufacturers institute in 2018. Thus, healthy growth of canned food-related products is likely to drive the demand for food cans over the predicted timeline.
Similarly, beverage cans are likely to observe steady growth over the coming years. Many of the beverage companies such as PepsiCo, Coca Cola, and others are moving towards cans products while abandoning plastic medium of serving. Vendors of the beverage industry move towards sustainability are projected to positively influence the demand for beverage cans over the predicted timeline.
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Based on region, the market is analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further studies country’s market such as U.S., Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, Brazil, Mexico, Argentina, GCC, North Africa, South Africa and Rest of World.
The analyst has taken COVID-19 impact into consideration and report offers an up-to-date analysis with respect to the current global market scenario, latest trends and drivers, and the overall industry ecosystem. The report also offers risk analysis which provide insights from both side i.e. supply and demand.
The global Metal Packaging Coatings market was held at USD XX Million in 2018 and estimated to reach USD XX Million in 2027. It is anticipated to grow at a compound annual growth rate of XX.X% during forecast period i.e. 20218-2027. COVID-19 pandemic is impacting the industry growth forecast period.
This updated study includes impact of COVId-19 on Metal Packaging Coatings market. Meanwhile, market numbers were also adjusted in accordance with impact on industry. Changes in consumer behavior, supply chain impact, and government regulation impact is included which offers an overall view of current scenario of Metal Packaging Coatings market.
The report offers competitive landscape section which covers company profiles of key companies operating in Metal Packaging Coatings industry. This section describes market strategies of leading players including merger and acquisition strategies, expansion, new product launch, joint venture, and research & development spending. These activities helped the company to increase their geographical footprint and acquire consumers. Some of key companies profiled in the report include
RPM International Inc., Sherwin-Williams Co., BASF Coatings GmbH, Akzo Nobel N.V., Axalta Coatings Systems, Behr Process Corp., Nippon Paint Holdings Co., PPG Industries, Nippon Paint (USA), and Benjamin Moore & Co.
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The report offers coverage on the following pointers:
1.Market Sizing: Provides in-depth market sizing of market including analytics of sub segments.
2. Emerging Markets: Provides comprehensive insights on markets offering high incremental $ opportunity. It also includes coverage on other regional markets as well.
3. Market Developments: Covers insights about new product launches, SWOT analysis, recent expansions and investments.
4. Competitive Landscape: Includes a detailed profiling of leading Metal Packaging Coatings companies, including their product offering, business strategies, financials, and recent developments.
5. Market Trends: Deals with upcoming market trends, research & development activities, and innovative product launches.
Also, the Metal Packaging Coatings Market analysis report presents market dynamics and opportunities that will impact market growth. This is to aid companies to devise their best go-to market strategy and capture revenue $ opportunities in the upcoming years. The report was prepared using a research methodology which include a combination of primary and secondary research including data from key stakeholders in the industry.
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