Research Nester recently published a report titled “BPA and Non BPA Cans Market: Outlook, Industry Analysis & Opportunity Evaluation – 2018-2027” that delivers detailed overview of the global BPA and n0n- BPA cans market in terms of market segmentation by can type, material type, shape, capacity, application and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
BPA and non-BPA cans have respective health effects on consumers which influence their usage across the globe. Also, the government mandates and public awareness have resulted in elevating the market growth across the regions.
BPA compound is known to cause several health issues including cardiovascular pain, coronary artery heart disease, angina, heart attack, hypertension, and peripheral artery disease. This also affects the health of pregnant women and children adversely. It has also been reported that more than 3,000 people die and over 40,000 are hospitalized from foodborne illnesses every year. Thus, elimination of BPA in daily use food and beverage containers is likely to improve such health conditions. Utilization of non-BPA cans and water bottles decreases the harmful health effects and aids the approval of non-BPA cans in the market, across the globe.
In 2018, the global BPA cans market was valued at USD 76,360.70 million. The BPA cans market is predicted to grow at a robust CAGR of 3.99% over the forecast period (2020-2027). Similarly, the global non-BPA cans market growth was valued at USD 7,984.30 million in 2018 and is anticipated to grow at a CAGR of 4.73% during the forecast period.
In the past few years, the market has significantly resulted in increased demand from the food & beverage industry. Predominantly the consumers gaining knowledge about health awareness is supporting the non-BPA cans market.
While developed countries have adopted various advanced and upgraded packaging solutions especially with non-BPA cans, developing countries such as China and India are yet to experience a high growth concerning non-BPA cans market. Regionally, the market in North America is predicted to generate the highest market demand, growing at a CAGR of 3.32% over the forecast period. Also, the growing number of market players particularly in the countries such as the US and Canada have enhanced the prospects for growth of the BPA cans market. Asia Pacific is the second largest regional market after North America on the back of growing demand for low cost packaging solutions. Additionally, the non-BPA cans market is generating high growth in North America owing to increasing health awareness among population with a CAGR of 4.77%. Europe is likely to grow with a CAGR of 4.83% due to the various health regulations implemented by the government in different countries of the continent.
However, the growth of non-BPA cans market is likely to witness some drawbacks such as the availability of substitutes at reasonable prices. The local manufacturers are providing packaging at a lower cost which is highly preferred by the consumers and end-use companies in the developing countries. Thus, it is expected to limit the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the BPA and non-BPA cans market which includes company profiling of BALL CORPORATION, Ardagh Group, Crown Holdings Inc., Toyo Seikan Co. Ltd, CCL Industries Inc., Silgan Containers LLC, HUBER Packaging Group GmbH, CAN-PACK S.A. and Amcor Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global BPA and non-BPA cans market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.