BPA Free Cans Market: Quantitative Market Analysis, Current and Future Trends

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.

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.

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By Application, the BPA free cans market is segmented into food, beverages, pharmaceuticals and personal care & homecare. Food segment is further sub segmented into fresh fruits & vegetables, meat & seafood, pet food, dairy products, tea & coffee, sauces, dressin, condiments & soups, ready-to-eat food and others. Beverage segment is further sub segmented into Non- Alcoholic beverages and Alcoholic Beverages. Non- Alcholic Beverages is further sub segmented carbonated beverages, milk, juices and others.

By application segment, food segment is expected to dominate the market US$ 2,532.1 Mn, over the forecast period. Beverage segment is expected to register a CAGR of 3.6%, during the forecast period. Personal care & cosmetics segment is estimated to register a value of US$ 17.6 Mn in 2018 and is expected to reach US$ 21.6 Mn, during the forecast period.

Among geographic market segments, the North America region is anticipated to lead the global BPA free cans market, during the forecast period. North America region is projected to register a CAGR of 3.6%, during the forecast period, by value.

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The market players that have been profiled include global BPA free cans market including 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.

The report begins with an overview of the global BPA free cans market, evaluating market performance regarding revenue, followed by TMR’s analysis of key trends, drivers and restraints witnessed in the global retail as well as BPA free cans market. Weighted average pricing analysis of BPA free cans market, based on capacity is also included in the report.

To compute the market size, in-depth secondary research is done. Data points such as regional splits and market split by capacity, product type, material type and by application have been assimilated to arrive at the market estimates. The report comprises the forecast of the global revenue generated by sales of BPA free cans market across the retail industry.

TMR triangulates the data via a different analysis based on the supply side, demand side, as well as dynamics of BPA free cans market.

TMR not only conducts forecasts in terms of value but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into four key sections on the basis of capacity - by product type, by material type, by application and region. The report analyzes the global BPA free cans market in terms of value (US$ Mn) and volume (Mn Units).

Transparency Market Research is a global market intelligence company, providing global business information reports and services.