The global BPA free cans market is anticipated to grow at a CAGR of 4.2% during the forecast period 2020 to 2027 owing to the ever-increasing demand from food industry sub-segments such as fresh fruits & vegetables and ready-to-eat food across several countries.
The BPA free cans market is estimated to be driven by growing demand of fresh fruits and vegetables from health conscious consumers in the food industry. Many beverage packaging manufacturers prefer BPA free cans, for non-alcoholic and alcoholic beverages, owing to its non-toxic feature further lifting up the growth of BPA free cans market across the globe.
The market growth is primarily driven by the growing demand for BPA free cans from the food & beverages sector and increasing consumer awareness pertaining to the harmful effects of BPA on human health. In addition, the advent of a range of alternative materials is another major factor that will boost the prospects of the BPA free cans market. Research and development activities, along with the regulatory landscape in different regions will more or less dictate the growth trajectory of the BPA free cans market during the assessment period.
BPA free cans are used primarily in end-use industries, including food & beverages, pharmaceuticals, and personal care & cosmetics. BPA free can is a terminology used for metal and plastic cans, internally or externally coated with BPA-free coating solutions such as vinyl, acrylic, polyester, and oleoresins. BPA free cans have gained significant attention in the past few years due to increasing objections of usage of BPA for food packaging applications globally. TMR segmented the analysis of BPA free cans market based on various factors such as capacity, product type, material type, and application across five regions. As per the VRR analysis, 2-piece type of BPA free cans are expected to hold the largest market share during the forecast period, as it offers brand owners a modern, stylish way to market their products to end users due to its stackable feature, thus saving shelf space and non-toxic nature.
Growing Consumer Concern over BPA-based Products to Drive BPA Free Cans Market
Concerns over the use of BPA-based products have increased significantly in the past few years. Several organizations have invested hefty amounts in the research activities to find out health hazards of BPA-based products. Moreover, they are continuously engaged in creating public awareness to give up on BPA containing products such as metal cans. However, government in most countries still do not find BPA harmful and hence, have not banned the use of BPA in food contact applications. However, the decline in the use of BPA-based products in most of the developed countries is primarily driven by consumer disinterest but not by government enactments. Moreover, consumer disinterest in BPA-based products led food processing companies to switch their packaging products or use BPA free coatings in their metal can packaging format, which has ultimately increased the demand for BPA free cans.
Food Industry to Remain Prime End User of BPA Free Cans
Fresh fruits & vegetables, ready-to-eat foods, sauces, dressings, condiments & soups, meat & seafood, and other such products are gaining traction in the global BPA free cans applications in the food industry from the past several years. Foods packed in BPA free cans help to significantly balance food waste, which constitutes an integral part of landfill stream. Not only do canned foods last longer but also pieces, such as cores & peels of fruits and vegetables, are used to feed livestock and create manure for healthier soil. Additionally, BPA free cans have less influence on the environment, as more than 99 percent of cans are made from steel and aluminum from which, an average 75 percent of the cans are sent for recycling, more than three times the amount in a glass or plastic products. These customer inclinations toward BPA free cans, combined with increasing ready-to-eat food consumption worldwide, will also help to fuel the growth of the global demand for BPA free cans.
Local Government Support Could Hamper BPA Free Cans Market Growth
According to the U.S. Environmental Protection Agency, Bisphenol-A (BPA) in food contact applications accounts for ~4-5% of the U.S. BPA free cans market. Despite being widely recognized as a harmful chemical, there is no scientific proof that BPA causes any chronic health hazards, thus BPA has not yet been completely banned by most countries for use in all food contact applications. Prominent companies engaged in the manufacturing of BPA-based epoxy coatings and cans are being supported by several associations. These associations are permitting a limited amount of BPA for food packaging applications. For instance,
BPA Free Cans Market: Competition Landscape
The global BPA free cans market is fairly consolidated in nature into which, larger portion of market share holds by well-established market players. Some new participants and local players are trying to enter into the market attributing to a major revenue creation with the rising demand for non-alcoholic and alcoholic beverages across the globe. Some of the key players operating in the global 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., Kangnam Jevisco Co., Ltd., and among others.
The tier structure is formulated on the basis of segmental revenue and market share of the company. As per the tier structure, Crown Holdings, Inc., Ardagh Group S.A., and Ball Corporation are the Tier 1 players in the BPA free cans market. These players are focusing on the development of more stable and versatile BPA free cans solutions. Tier 2 players include Silgan Containers Llc, CAN-PACK Group, Toyo Seikan Co. Ltd., CCL Industries Inc., and other market players.
By Product Type
By Material Type
Scope of the Report
Vision Research Reports started a new study on the global BPA free cans market, providing forecast for the period of 2020-2027. In the study, growth opportunity for the BPA free cans market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the BPA free cans market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.
Key Questions Answered
Key indicators associated with the BPA free cans market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global BPA free cans market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of BPA free cans. Furthermore, forecast factors and forecast scenarios of the BPA free cans market have been covered in the report to understand future prospects of the market.
A comprehensive evaluation and forecast on the BPA free cans market are provided on the basis of capacity, product type, material type, application, and region.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments have been provided in the report. The BPA free cans market has been analyzed at both regional and country levels.
The report delivers an exhaustive assessment on the structure of the BPA free cans market, in tandem with the dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of BPA free cans manufacturers by leveraging an intensity map. It also highlights key end users for BPA free cans.
A realistic methodology, along with a holistic approach makes the base for sharp insights, which are provided in the BPA free cans market for the study evaluation period. The VRR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.
Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the BPA free cans market. The report has undergone a cross-validation by in-house professionals to make the BPA free cans market report one-of-its-kind, with the highest credibility.
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