Stratview Research in its recent report has offered an overlook of the current Can & Closure Sealants Marketscenarios and has also estimated the Can & Closure Sealants Market size to reach US$ 647.7 million by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

Click here for a Free Sample of the report (additional insights inside):
https://www.stratviewresearch.com/Request-Sample/541/can-and-closure-sealants-market.html

The sealants market for can & closure applications has undergone a remarkable evolution over the years. Also, the functions of sealants have grown beyond simply allowing easy access. Packaging is a convoluted process that requires meticulous attention of a multitude of things from distribution to shelf life including materials used for packaging, products that are packaged, and technology used to maintain product quality as well as freshness. Sealants are preferably used in the packaging industry to preserve products with a prime aim to extend their shelf life.

However, the advancements in technologies have a dual-edge impact on the demand for sealants used for cans and closures. For instance; in recent years, the metal can packaging industry has experienced a transition from three-piece can to two-piece can as a result of which the market has depicted a decline in sealant sales.

The global can & closure sealants market is consolidated with the presence of a few global and a handful of local players. Furthermore, the market recorded a sizeable number of M&A activities over the years. The most noticeable one is the acquisition of Darex Packaging Technologies from GCP Applied Technologies by Henkel at US$ 1.05 billion on a cash and debt-free basis in 2017. At the time of the acquisition, Darex Packaging Technologies had 700 employees located across 20 sites in 19 countries. This acquisition not only enhanced Henkel’s position in the total adhesives and sealants business, but also made it the leading supplier of sealants for can & closure applications.

Click here for description of the report:
https://www.stratviewresearch.com/541/can-and-closure-sealants-market.html

The market is segmented based on the application type as can & closure. Can is likely to remain the growth engine of the market during the forecast period. Plastic pollution is one of the most important environmental concerns today. The Ocean plastic is being directly linked to health concerns as it breaks down and gets into the food and water supplies that human consume. Due to this, the demand for metal can packaging for RTD (ready-to-drink) tea and coffee drink, craft beer, packaged water, wine, etc. has been soaring.

Based on the technology type, the market is segmented as water-based sealants and solvent-based sealants. Water-based sealant is likely to remain the more dominant as well as the faster-growing segment over the next five years in terms of both value as well as volume. Water-based sealant is gaining traction in the metal can & closure application because they are suitable for all types of cans used for food, beverages as well as general-line packaging. This sealant offers a wide range of benefits to the can & closure manufacturers as well as to the environment.

Based on the product type, the market is classified as PVC-free sealants and PVC-based sealants. PVC-free sealant is likely to remain the most dominant as well as the faster-growing product type during the forecast period. PVC-based sealants are rarely used for food and beverage packaging because of undesired substances that may get migrated into food.

Based on the end-use industry type, the market is segmented as food, beverage, aerosol, and others. Food is likely to remain the largest consumer of can & closure sealants over the next five years in terms of value, whereas, in terms of volume, beverage is likely to remain the largest consumer of can & closure sealants. Aerosol is likely to witness the highest growth over the next five years.

Based on the material type, the can & closure sealants market is segmented as silicone, polyurethane, acrylic, and others. Silicone is likely to remain the most dominant as well as the fastest-growing sealant material during the forecast period. Polyurethane is likely to remain the second-largest sealant material type over the same period.

In terms of regions, Asia-Pacific is projected to remain the largest and the fastest-growing market during the forecast period. China and India are the growth engines of the Asia-Pacific’s can & closure sealants market. Globally, China is likely to remain the second-largest can & closure sealants market during the forecast period.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/541/can-and-closure-sealants-market.html

Highlights of the Report:
The can & closure sealants market is projected to grow at a plausible rate over the next five years to reach US$ 647.7 million by 2025. Rapid urbanization, rising disposable income, and changing lifestyles and consumer preference towards packaged food products instead of bulk products are extrapolated to continue driving the demand for packaging products, benefiting the metal packaging as well as the sealants used in metal cans and closures. Another trend that is the further fuelling the growth of the can & closure sealants market is the demand for personalized and sophisticated packaging.

The supply chain of this market comprises raw material suppliers, sealant manufacturers, food & beverage packaging companies, and end-users. Siloxane, glycol, PVC, isocyanate, and other polymers are some of the raw materials used to make sealants. Henkel AG & Co. KGaA, Altana AG, UBIS (Asia) Public Company Limited, Fukuoka Packing Co., Ltd., Tekni-Plex, Inc., and Advanced Chemical Industries S.A.E. are the major suppliers of sealants for can & closures globally. It is anticipated that the market is likely to remain consolidated in years to come. New product development, application development, and execution of M&As are the imperative growth strategies, adopted by most of the market participants in order to better position themselves in the market.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Can & Closure Sealants Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors