The global can coatings market size is projected to reach USD 2.65 billion by the end of 2026. The increasing demand for the product across numerous industries will create several growth opportunities. According to a report published by Fortune Business Insights, titled “Can Coatings Market Size, Share & Industry Analysis, By Type (Epoxy, Acrylic, and Others), By Application (Food Cans, Beverage Cans, Aerosol Cans, and Others) and Regional Forecast, 2019-2026,” the market was worth USD 1.97 billion in 2018 and will exhibit a CAGR of 3.8% during the forecast period, 2019-2026.

The recent coronavirus outbreak has had an adverse impact on several businesses across the world. Due to the severity of the disease, governments across the world are taking strict measures to curb the spread of the disease. Due to the rapid spread of the disease, several businesses have been shut down. The shut downs in retail stores and commercial chains has affected the growth of the market in 2020.

The report will include the impact of the Covid-19 pandemic on the global. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic.

North America to Emerge Dominant; Increasing Adoption of Metal Cans Will Aid Growth

The report analyzes ongoing market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to emerge dominant in the coming years. The increasing use of metal cans by major companies across the region will emerge in favor of market growth. The high investment in the development of efficient products by major companies will bode well for the growth of the market in this region. As of 2018, the market in 2018 was worth USD 675.5 million and this value is projected to increase further in the coming years. Besides North America, the market in Europe will witness considerable growth rate in the coming years driven by the increasing demand for the product in the food and beverages and personal care industries.

Research Report: https://www.fortunebusinessinsights.com/can-coatings-market-102537