BPA-Free Cans Market to rise at a CAGR of 3.9% by 2026
The global BPA free cans market has witnessed solid growth during the past few decades, owing to the growing consumer concern over BPA- based products.
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Among material type segments, steel segment is expected to dominate the market throughout the forecast period with an estimated market share of 68.2% in 2018 and is expected to reach 68.4%, over the forecast period. Plastic segment is expected to register a CAGR of 4.0%, over the forecast period. Aluminium segment is expected to create incremental $ opportunity of US$ 966.8 Mn, over the forecast period and is anticipated to register a CAGR of 3.8%, during the forecast period.
By Application, the BPA free cans market is segmented into food, beverages, pharmaceuticals and personal care & homecare. Food segment is further sub segmented into fresh fruits & vegetables, meat & seafood, pet food, dairy products, tea & coffee, sauces, dressin, condiments & soups, ready-to-eat food and others. Beverage segment is further sub segmented into Non- Alcoholic beverages and Alcoholic Beverages.
Non- Alcholic Beverages is further sub segmented carbonated beverages, milk, juices and others. By application segment, food segment is expected to dominate the market US$ 2,532.1 Mn, over the forecast period. Beverage segment is expected to register a CAGR of 3.6%, during the forecast period. Personal care & cosmetics segment is estimated to register a value of US$ 17.6 Mn in 2018 and is expected to reach US$ 21.6 Mn, during the forecast period.
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Among geographic market segments, the North America region is anticipated to lead the global BPA free cans market, during the forecast period. North America region is projected to register a CAGR of 3.6%, during the forecast period, by value.
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