Canisters Market to Expand at 8.9% CAGR, Targeting USD 4.96 Billion...

Canisters Market to Expand at 8.9% CAGR, Targeting USD 4.96 Billion by 2029

Posté 2024-01-22 12:42:55

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Canisters Market The canister market, estimated to be worth USD 2.73 billion in 2022, is anticipated to expand to USD 4.96 billion by 2029 at a compound annual growth rate (CAGR) of 8.9. For the transportation and storage of liquids such as water, fuel, chemicals, cleaning supplies, and drinks, canisters are very useful. They are well-known for being strong, airtight, and resistant to mechanical harm, and they offer a dependable way to contain a variety of materials. Canister manufacturers are increasingly looking into eco-friendly materials like bio-based and biodegradable options. Canisters are widely used in industries like food and beverage, chemicals, pharmaceuticals, and household products. This is in line with worldwide campaigns for packaging solutions that are environmentally friendly, establishing the canister market as a vibrant and essential part of the packaging sector at the nexus of customization, technology, and sustainability.

Canisters Market Scope and Research Methodology

This study aims to provide a comprehensive overview of the Canisters Market, including components, applications, industries, and geographical considerations. The article delves deeply into the key factors driving the growth of the Canisters market, including a detailed analysis of its value chain.

The methodology used in this study involves secondary research to assess and predict trends in the Canisters industry. The process begins with gathering revenue data from major suppliers and incorporates vendor offerings into market segmentation analysis. The bottom-up approach is used to calculate the overall size of the Canisters market based on the revenue generated by major corporations.

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Canisters Market Segmentation:

Based on End-User: The market is segmented into Pharmaceutical, Automotive, Healthcare, Chemical, Food and Beverage, Domestic and Retail Industries. The pharmaceutical segment held the largest Canisters Market share in 2022. The canisters are extensively used in pharmaceutical sector for the packaging purpose of medications, tablets, capsules, and powdered drugs. The packaging is required to adhere to strict regulatory standards that include child-resistant features for certain products. The Food and Beverage segment is expected to grow rapidly during the forecast period.

by Application

Packaging
Storage

by End User

Pharmaceutical
Automotive
Healthcare
Chemical
Food and Beverage
Domestic
Retail Industries

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Canisters Market Key Players:

1. Berry Global Group Inc (Evansville, Indiana, USA)
2. Ball Corporation (Westminster, Colorado, USA)
3. Zibo Uni-Shine Industry Co., Ltd (Zibo, Shandong, China)
4. MSR (Seattle, Washington, USA)
5. Thermo Fisher Scientific (Waltham, MA, USA)
6. Haier Group (Qingdao, Shandong, China)
7. PMF Industries, Inc. (Williamsport, Pennsylvania, USA)
8. Precision Custom Components, LLC (York, Pennsylvania, USA)
9. Pacific Bridge Packaging, Inc. (City of Industry, California, USA)
10. JLO Metal Products, Inc.(Springfield, Missouri, USA)
11. Stannum Can Inc (Xi'an, Shaanxi, China)
12. GTS Packaging Solutions (Solon, Ohio, USA)
13. Parkway Plastics Inc. (Hicksville, New York, USA)
14. Ohio Medical (Gurnee, Illinois, USA)
15. Priority Plastics (Portland, Indiana, USA)

Regional Analysis:

Market share data is presented for several regions, including North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Maximize analysts conduct a comprehensive assessment of competitive strengths, as well as individual competitive analyses for each key player.

Key Questions Answered in the Canisters Market Report are: