Canisters Market up to 2023 - Top Companies Growth Factors Details and Regional Overview by Configuration & Application

The increasing awareness about the advantages of canisters amongst consumers worldwide, increase in contract manufacturing, and the booming pharmaceutical industry are some of the major growth factors of the global canisters market. Furthermore, the introduction of nano-enabled packaging and enhanced barrier properties of the canisters against mechanical forces, lights, and moisture are expected to benefit the pharmaceutical packaging market. Although, changing health regulations along with price volatility and availability of raw materials are the major constraints hampering the growth of this market.

Global Canisters Market is expected to grow at a CAGR of approximately 7% during the forecast period, 2017–2023.

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Key Players for Global Canisters Market

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.

Global Canisters 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.

Regional Analysis for Global Canisters Market

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.

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Some Brief Table of Contents of Report

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

TOC Continued…

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