Press release
Canisters Market Growth 2018 to 2023; the Rising Use of Canisters as Packing Material in Pharmaceutical and Healthcare Industry with 7% of CAGR
Market Research Future
Global market for canisters is expected to grow at a CAGR of approximately 7% during the forecast period, 2017–2023. Canisters are small, rigid, cylindrical containers filled with hygroscopic substance such as clay, silica gel, activated carbon. These materials are used as drying agents to control moisture and odours. It is a plastic container made up of polyethylene material. There are numerous pharmaceuticals packaging materials such as pillow pak, unit pak, vials among others, canisters are growing on a growing demand. The major reason for their wide use in pharmaceutical packaging is its rigid structure with the ease to keep and maintain which is becoming the major reason of its acceptance in household sectors. These desiccant canisters are considered non-toxic. In addition, these canisters are FDA CFR 21 approved and considered safe to use in direct contact with food or pharmaceuticals.
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Numerous production facilities use canisters of different configuration. For instance, canisters with a configuration of 0.5-1 gm are used by pharmaceutical industries. Whereas, for storing chemicals, canisters with a configuration between 1–2gm are mostly used. Additional packaging types include vials and syringes that are used for diagnostic purposes.
Key Players:
Some major players in the global canisters market include Zibo Uni-Shine Industry Co., Ltd., Swastika international co, Electrolux Group, Stanley Black & Decker, Dyson Ltd., Oreck Corporation, TTI Floor Care, Miele, Eureka Forbes Ltd, and Haier Group, Clariant, Sanner GmbH, Ashirwad chemicals, and others.
Market Segmentation:
The global canisters market is segmented on the basis of configuration, application, and end-user.
On the basis of configuration, the global canisters market is segmented into 0.5–1 gm, 1–2 gm, 2–3 gm, 3 gm and above, and others.
On the basis of application, the global canisters market is classified into packaging, storage, and others. The packaging segment is divided into pharmaceuticals packaging, nutraceuticals packaging, diagnostic packaging, and others.
On the basis of end-user, the global canisters market is classified into, pharmaceutical, automotive, healthcare, chemical, domestic, retail industries, and others.
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Global Canisters Market – Regional:
Geographically, the regional market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.
North America is dominating the canisters market. Factors such as advancement in manufacturing processes and technological innovation, growing demand for drug delivery devices & blister packaging, contribution of nanotechnology to the pharmaceutical packaging market, and implementation of new health law in the U.S. are driving the growth of the market. US is the leader market amongst other countries such as Canada, Mexico among others. Europe is the second largest global market for pharmaceutical dessicant canisters
Asia-Pacific is the emerging market in the global canisters market. The increasing large and small pharmaceutical packaging industries, rising awareness among consumers and government initiatives such as “Make-In-India” campaign started by Indian government is driving the growth of canisters market in India. China, and Australia are also showing good opportunities in the forecasted period.
Zibo Uni-Shine Industry Co., Ltd., Swastika International Co., Electrolux Group, Stanley Black & Decker, Dyson Ltd., Oreck Corporation, TTI Floor Care, Miele, Eureka Forbes Ltd, and Haier Group, Clariant, Sanner GmbH, Ashirwad chemicals among others are some of the prominent players at the forefront of competition in the global canisters treatment market and are profiled in MRFR Analysis.
Industry updates:
Nov, 2017 Clariant, a world leader in specialty chemicals announced announced in year 2015 its plans to invest CHF 10 million in a new Healthcare Packaging manufacturing plant in Cuddalore in Tamil Nadu State, located about 25 km from the city of Pondicherry. The plant will manufacture Clariant's market-leading moisture control products to support the growing pharmaceutical packaging market in India. This production unit will enhance the customer base in Asia Pacific and gain market prominence in this region.
Oct, 2017 Clariant Healthcare launched the novel Oxy-Guard bottles that has the ability to extend shelf life of oxygen- and moisture-sensitive probiotics.
Key Questions Answered In This Report:
What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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