BPA-Free Cans Market- Major Brands are deploying Smart technology
Posted by Kishor on May 15th, 2019
According to the latest market report published by Transparency Market Research titled ‘BPA free cans Market’: Global Industry Analysis and Forecast 2018-2026’, global BPA free cans market is estimated to be US$ 7,894.3 Mn for 2018 and is expected to grow at a CAGR of 3.9% during the forecast period (2018-2026).
The global BPA free cans market has witnessed solid growth during the past few decades, owing to the growing consumer concern over BPA- based products.
The global BPA free cans market by capacity has been segmented into less than 250 ml, 250-500 ml, 500-1000 ml and above 1000 ml.
By product type, global BPA free cans market is segmented into 2-Piece, 3-Piece and Monobloc. 2- Piece is expected to create incremental $ opportunity of US$ 1,637.9 Mn, over the forecast period.
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Among material type segments, steel segment is expected to dominate the market throughout the forecast period with an estimated market share of 68.2% in 2018 and is expected to reach 68.4%, over the forecast period. Plastic segment is expected to register a CAGR of 4.0%, over the forecast period. Aluminium segment is expected to create incremental $ opportunity of US$ 966.8 Mn, over the forecast period and is anticipated to register a CAGR of 3.8%, during the forecast period.
Globally, on the basis of capacity, BPA Free Cans market is segmented into less than 250 ml, 250-500 ml, 500-1000 ml, above 1000 ml. By product type, global BPA Free Cans market is segmented into 2-Piece, 3-Piece, Monobloc. On the basis of material type, BPA Free Cans market is segmented into Plastic, Aluminum, and Steel.
The North America region is estimated to account for the largest share in BPA Free Cans market on the backdrop of high consumption of ready to eat foods. North America is expected to trail in BPA Free Cans market as the region has highest per capita consumption of packaging. The MEA region is estimated to contribute small but rapidly growing market share in BPA Free Cans market. Growth in BPA free cans market in Latin America region is expected to be moderate during the forecast period.
Few of the key players in the global BPA Free Cans market include Crown Holdings, Inc., Ardagh Group S.A., Ball Corporation, Silgan Containers LLC, CCL Industries Inc., CAN-PACK Group, Toyo Seikan Co. Ltd., Kian Joo Group, CPMC Holdings Limited, HUBER Packaging Group GmbH, The Valspar Corporation, PPG Industries, Inc., DowDupont Inc., Kangnam Jevisco Co., Ltd.
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About the AuthorKishor
Joined: February 12th, 2019
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