BPA-Free Cans Market by Capacity (Less than 250 ml, 250-500 ml, 500-1,000 ml, and Above 1,000 ml), by Product (2-Piece, 3-Piece, and Monobloc), by Material Type (Plastic, Aluminum, and Steel) by Application (Food & Beverages, Pharmaceuticals, Personal Care & Homecare, and Others), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

According to the report, global demand for BPA-free cans market was valued at approximately USD 6,227.3 Million in 2019, and is expected to generate revenue of around USD 8,250.0 Million by end of 2026, growing at a CAGR of around 4.1% between 2020 and 2026.

16-Sep-2020 | Number of pages: 110 | Report Code: ZMR-4016 | Report Format : | Status : Published

Abstract

According to the report, global demand for BPA-free cans market was valued at approximately USD 6,227.3 Million in 2019, and is expected to generate revenue of around USD 8,250.0 Million by end of 2026, growing at a CAGR of around 4.1% between 2020 and 2026.

Global BPA-Free Cans Market: Overview

Concerns over the use of BPA-based products have increased significantly in the last few years. Many organizations have invested millions of dollars on the research activities to find out the serious health hazards of BPA-based products. Also, they are continuously engaged in creating public awareness to give up on BPA containing products such as metal cans. Hundreds of research papers depicting BPA as an endocrine disruptor have been published since last decade. This has enhanced the popularity as well as the use of BPA-free cans across the globe.

Global BPA-Free Cans Market: Growth Factors

The global BPA free cans market is observing robust growth as a result of massive awareness about health and food safety, thereby driving the demand for BPA-free cans. In addition to this, increasing food safety and health awareness has led to the requirement for the BPA-free cans for storage of food and beverages. Additionally, the flourishing food and beverage sector is increasing the demand for BPA-free cans, owing to the rising need for storage and selling various food items.

Furthermore, lead is one of the toxic metals and thus, the government has also taken actions for banning lead in any product. The lead contact with food is carcinogenic and may cause severe health damages to the consumers. The high amount of lead in food and other FMCG products may cause severe health disorders. This drives the market growth for lead-free products and also promotes the usage of BPA free cans across the globe. However, BPA is the major ingredient used in the industrial chemical. BPA prevents corrosion and thus considered to be the easy chemical to manufacture cans. Thus, the preference of several industries for BPA is expected to hamper the growth of BPA- free cans market in the foreseeable future.

Global BPA-Free Cans Market: Segmentation

The global BPA-free cans market can be classified based on capacity, material type, product type, and application. On the basis of capacity, the market is sectored into Less than 250 ml, 250-500 ml, 500-1000 ml, and Above 1000 ml. Based on the material type, the BPA-free cans market is divided into Plastic, Aluminum, and Steel.  Product type wise, the market is classified into 2-Piece, 3-Piece, and Monobloc. On the basis of application, the market is divided into Food, Beverages, Pharmaceuticals, and Personal Care & Homecare.

Global BPA-Free Cans Market: Regional Analysis

Based on regions, the global BPA-free cans market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Massive intake of ready to eat foods is likely to drive the growth of BPA-free cans market in North America. Analysts have predicted that the region will dominate the global market trends over the years to come. Europe is anticipated to follow North America in terms of growth.  Ban on use of BPA-based products such as baby bottles, baby food containers for children, and sippy cups by countries such as Denmark will embellish the demand for BPA- free cans in the region. In addition, the ban on the use of these BPA-based products by EU member nations such as Belgium, France, and Sweden for children in the age group of 0 to 3 will escalate the demand as well as supply curves on the growth graph of the BPA- free cans market.  Moreover, Latin America and the Middle East and African markets are anticipated to witness moderate growths over the period.

Global BPA-Free Cans Market: Competitive Players

Some of key players in BPA-free cans market are 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., and  Kangnam Jevisco Co., Ltd.

Global BPA-Free Cans Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

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  • Segmentation details of the market
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