The Global Canisters market size was valued at $ 2.97 billion in 2023, and is projected to reach $ 6.43 billion by 2032, registering a CAGR of 8.96% from 2024 to 2032.
Canisters have various applications in different fields due to their versatility and ability nature to contain and preserve different substances. They are commonly used in kitchens to store dry goods such as flour, sugar, coffee, tea, grains, and spices. They are used to store and transport various chemicals, solvents, reagents, and samples in Laboratories and Industries. They are designed to withstand the corrosive nature of many chemicals and ensure safety during handling and storage, they are also designed to withstand high pressure and are used as pressure vessels for storing compressed gases such as oxygen, nitrogen, and carbon dioxide.
They are used to store and transport fuels such as gasoline, diesel, and propane. They are commonly used in automotive, aviation, marine, and camping applications. Canisters are used for collecting and disposing of waste materials such as garbage, recyclables, and hazardous waste. It is available in various designs and sizes to accommodate various types of waste.
Increasing Demand for Packaging in the Pharmaceutical Sector is one of the major growth factors of canisters in the global market. The introduction of nano-enabled packaging and enhanced barrier properties of the canisters against mechanical forces, moisture, and lights are expected to benefit the pharmaceutical packaging market soon. For storing the chemicals, additional packaging types include vials and syringes that are used for diagnostic purposes as they are lightweight, convenient, and attractive options for packaging the products which also increase the shelf life of the products. Desiccant Canisters are presented in a different variety of forms, shapes, and sizes. The most commonly used form is a sachet presented which is presented in the form of a single unit.
The emergence of Bio-based and biodegradable presents a significant opportunity for the Global Canisters market. Factors such as the increase in environmental consciousness, regulatory considerations, and shifts in consumer preferences are increasing the demand for this type of canister. Polypropylene and Polyethylene the Bio-based and recyclable plastic alternatives are been used, Governments are also focusing on sustainable and recyclable products. Bio-based canisters offer a more sustainable alternative compared to traditional petroleum-based plastics, reducing the dependence on fossil fuels and lowering carbon emissions.
Global Canisters Market, Segmentation
The Canisters market is segmented based on Material, Application, End-users, and region.
Material:
Metal canisters such as aluminum canisters are lightweight and durable and they offer excellent barrier properties against light, moisture, and oxygen. They are used for storing and packaging products like food and beverages, pharmaceuticals, and also personal care products. Metal containers are used mainly for medicinal products it is the ideal packaging material for pressurized containers they are resistant to both high and low temperatures.
Metal canisters also provide excellent protection against external elements such as light, air, and Moisture which helps in preserving the quality and freshness of the contents for a longer duration. They are often preferred for their recyclability and eco-friendliness, aligning with the growing sustainability trends in consumer preferences.
Application:
In the Global Canisters market, the Packaging sector has the largest share. In the food and beverage industry, canisters are commonly utilized for packaging items such as coffee, tea, nuts, spices, and snacks. The airtight seal of canisters helps to maintain the flavor, aroma, and freshness of these perishable goods, thereby extending their shelf life and enhancing consumer satisfaction.
In the pharmaceutical and healthcare sectors, canisters are employed for storing and transporting medicines, vitamins, supplements, and other healthcare products. They also find widespread application in the cosmetics and personal care industry for packaging beauty products like creams, lotions, serums, and powders. The sleek and attractive design of canisters enhances the visual appeal of cosmetic products while also providing convenience and portability to consumers.
Region:
The Region analysis of the Global Canisters market highlights the dominance of North America where Canisters services are prevalent. The region is home to a large consumer base with high purchasing power, that is driving the demand for packaged goods which ranges from food and beverages to pharmaceuticals and cosmetics. Canisters are widely utilized in these industries for their durability, versatility, and ability to preserve the quality of the contents, thus contributing to their significant market share.
The increasing e-commerce activity is also increasing the demand for canisters use. The consumer-centric design for kitchens is heavily influencing this market. Child-resistant Packaging is a key area of innovation that focuses on the safety of household items including medications etc.
Some of The Active Market Players Are-
- Burkle Gmbh (Germany)
- Semadeni Ag (Switzerland)
- Menke Industry Packungen Gmbh & Co.Kg (Germany)
- Shanghai Esonics Technology Co Ltd (China)
- Ningbo Passen Technology (China)
- Kunz Packaging (Germany)
- Jinhua Allies Import and Export Co. Ltd (China)
- LCS Company (USA)
- PMF Industries (USA)
- Jaxon Filtration (USA) and Other Active Players.
Key Industry Developments
In Aug 2023, Stericycle launched Re-engineered one-gallon, regulated waste containers Compared to Stericycle's previous containers, this new container provides customers with a contemporary design, improved ease of use, and a more sustainable product.
Key Findings of the Study
- Increasing Demand for Packaging in the Pharmaceutical Sector is one of the major growth factors of canisters in the global market.
- The emergence of Bio-based and biodegradable presents a significant opportunity for the Global Canisters market due to factors such as ease in environmental consciousness, regulatory considerations, and shifts in consumer preferences.
- In North America the region is home to a large consumer base with high purchasing power, which is driving the demand for packaged goods
- Metal canisters also provide excellent protection against external elements such as light, air, and Moisture which helps in preserving the quality.
