Bowl Cans Market Expectations and Growth Trends Highlighted Until 2031
Bowl cans are containers made of metal that are used to keep the liquid drinks like sports or energy drinks, vegetable and fruit juices, carbonated soft drinks, alcoholic beverages and others. Such cans are made up of steel and aluminum. According to the latest research by FMI, the bowl cans market is estimated to record a growth in CAGR moderately during the forecast period of 2021 to 2031.
It is likely to witness the developments on account
of the increase in usage of bowl cans in the food & beverage industry to
protect inside products from infection. However, volatility in the prices of
raw materials and the government regulations on the usage of Bisphenol-A (BPA)
is projected to hinder the global growth.
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Canned foods have become a staple in schools,
kitchens and hospitals. The mounting trend for canned food & beverages
shall drive the sales of the target product. The product used for food &
beverage products helps to sphere their nourishing values for a longer period
of time, thus subsidizing the growth for canned food products, which in
turn will boost the product value.
What is Driving Demand for Bowl Cans?
The growth in the adoption of beverage products
globally is lashing the demand for bowl cans. Improved promotional activities
by different companies of food & beverages to rise the demand for the usage
of the target product owing to increased sales of cold drinks and soft
drinks.
The rising demand for changing lifestyles and
healthy food among consumers has headed to large consumption of canned
products. The growing technologies have allowed the products to enable the
manufacturers to adopt smart innovation in product designing. Such products are
being lightweight, recyclable and eco-friendly are driving the growth during
the forecast period of 2021-2031.
Growing Demand for Beverage
Can Likely to Augment Bowl Cans Sales
Epoxy type of
target product are widely used in extensive applications among beverage can
manufacturers. However, from the historic period, the companies have started
relieving epoxy bowl cans with other substitutes owing to regulatory policies
and toxicological presence to put forth by several governing agencies. Polyester and
acrylic type are currently being used as an alternative option to epoxy type of
bowl cans.
Acrylic type
offers clean advent coupled with sulfide and corrosion pigment resistance.
Though, these products are brittle in nature, with the possibility of change in
taste and odor of foods.
North America Bowl Cans
Market Outlook
North America
holds the highest shares for bowl cans. The growth in the region is attributed
to the established availability of chemical industries, personal care,
pharmaceutical industries and food and beverages sectors. This, in turn,
is expected to use the target product in the above-mentioned industries for
various purposes, thus increasing the product demand in the region.
The
manufacturing of the product in the region is mainly measured by the US Food
and Drug Administration. Companies at the regional level must comply with
regulations concerning bowl cans. This, in turn, is likely to urge the
manufacturers to develop the product under government regulations.
Key Segments
By Type:
- Epoxy
- Acrylic
- Polyester
- Others
By Material:
- Steel
- Aluminum
By Structure:
- Two piece bowl can
- Three piece bowl can
By Bowl Can Shape:
- Slim
- Standard
- Sleek
- Others
By Volume:
- Below 100 mL
- 100 mL – 200 mL
- 200 mL – 500 mL
- Above 500 mL
By Fabrication:
- Plain
- Embossed
- Printed
- Others
By Application:
- Food Can
- Beverage Can
- General Line Can
- Aerosol Can
- Others
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