Southeast Asia & Indian Subcontinent Can Coatings Market Research Report: Forecast 2023-2028

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Southeast Asia Indian Subcontinent Can Coatings
Market
2023-2028
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Market Insights
Southeast Asia Indian Subcontinent Can Coatings
Market is projected to grow at a CAGR of around
8.6 during the forecast period, 2023-28. The can
coatings market growth in Southeast Asia imputes
to the extensive presence of manufacturers of
beverage cans, aerosol cans, general line cans,
and drums across the region, owing to the
mounting demand for packaging containers in
paint, coating, food processing, and lubricant
applications. The surging urban population
increasing demand for processed food packaged
drinks due to convenience is a key factor that
augmented the demand for food beverage cans in
the region.
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Market Driver
Increasing Production Capacity of Oil Escalates
the Demand for Metal Canisters
The majority of Southeast Asian countries have
been geographically located in the region of
peninsulas islands, which provides ample
opportunity for the countries to cultivate palm
oil coconut oil. The countries such as
Indonesia, Malaysia, and Vietnam have major
production facilities for vegetable oil, coconut
oil, etc., such as Astra Agro Lestari, Tbk.
(AALI), Bell Group of companies, and others, that
sells edible oil in both international domestic
markets. The production units of these companies
utilize metals canister drums for the storage
of oils in bulk and further use cans for the
packaging of oil to export to other countries
such as the US, Germany, and the Netherlands.
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Market Segmentation
By Application Food Cans (2 Piece TFS DRD/Drawn
Cans, 2 Piece Aluminum DRD/Drawn Cans, 3-piece
tinplate welded cans), Beverage Cans (2 Piece
Aluminum Cans, 3 Piece Tinplate WeldedCans),
General Line Cans, Aerosol Cans 2 (Piece Aluminum
Monobloc Cans, 3 Piece Tinplate Welded Aerosol
Cans), Tinplate Pails, Drums
By Material Type Epoxy, Acrylic, Polyester,
Others (Vinyl, Phenolic, Oleoresin, etc.)
By Surface Type Interior, Exterior), By Printing
Type (Printed Cans, Non-Printed Cans
By Country Thailand, Malaysia, Indonesia,
Vietnam, Philippines, Singapore, Cambodia, India,
Bangladesh, Sri Lanka, Others
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