BPA Free Cans Market is mainly driven by increasing per capita disposable income in developing countries
Albany, NY -- (SBWIRE) -- 05/19/2018 -- BPA free cans market is characterized by supply of round or bowl shaped cans for packaging of various food products. In terms of food packaging, there has been a substantial shift in market dynamics owing to the evolution of consumer preferences and consumer lifestyle. With growing awareness among consumer regarding health and hygiene of packed food products, manufacturers are putting more emphasis on packaging systems that ensure safety and standards for food products. The BPA free cans which are used for packaging and storing of products such as meat, poultry, seafood, edible oil, beverages, chemicals, etc. eliminate the presence of toxin called bisphenol-A. Owing to its significant role in the food packaging industry, the demand for BPA free cans has increased substantially over the past four to five years. BPA free cans market is at a proliferation stage currently, but is expected to witness significant growth over the forecast period, 2016–2024.
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Bisphenol-A, or BPA, is considered to be the cause of severe diseases such as reproductive disorders, cardiovascular disorder in women, brain and memory related disorders, cancer, etc. Apart from such diseases, BPA is responsible for interaction with hormones such as estrogen in the human body. Considering the harmful effects of BPA, industry players producing rigid packaging products for food packaging are pledging for non-proliferation of BPA coatings applied to packaging products.
Global BPA Free Cans - Market Dynamics:
Demand for BPA free cans market is significantly high owing to growing awareness regarding health and hygiene issues of packed food products. The trend for BPA free cans is expected to continue over the forecast period, 2016-2024. Moreover, increasing per capita disposable income in developing countries is a key factor driving the growth of the global BPA free cans market. Furthermore, rising GDP and increasing population in emerging economies is expected to have a positive impact on the growth of global BPA free cans market. Rapid industrialization and stringent norms regarding secure and safe packaging are other factors fueling the demand for BPA free cans globally. The market for BPA free cans is expected to see upsurge in supply owing to the characteristics of BPA free cans to enhance the shelf-life of food products. A critical challenge for market players is to shift from production of cans with BPA coatings to manufacturing of BPA free cans, as BPA free cans are costlier to manufacture as compared to traditional cans.
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The BPA free cans market in North America region is expected to remain dominant in terms of revenue and volume. BPA free cans market in China and India is expected to have substantial growth in terms of revenue due to large retail industry and technological advancements. Furthermore, the growth of BPA free cans market in Asia Pacific is expected to be driven by increasing disposable income and spending power among middle class population. BPA free cans market in Western Europe is expected to witness above average growth, with Germany, France, and the U.K. ranking in terms of demand for BPA free cans. The BPA free cans market in the Middle East & Africa region is expected to witness a significant increase in revenue contribution from sales in GCC countries, South Africa, and Egypt.
Global BPA Free Cans – Key players:
Some of the key players in the BPA free cans market are SIG Holding AG, The Dow Chemical Company, Ball Corporation, PPG Packaging Coatings, Ee-Lian Enterprise (M) Sdn. Bhd.