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The market for canisters is deeply affected by the overall increase and patterns in industry. When people's likes change, makers have to adjust too. They need to make new and easy-to-use packaging solutions that customers want. Changes in the cost of raw materials have a big impact on how markets work. The canisters market is affected by changes in material prices like plastics, metals, and glass. This directly influences production costs which then affects how much products cost.
Making people more aware and putting strong rules in place are making us move towards packaging that is good for the environment. The canisters market is affected by the need to follow these rules. This forces making materials that can be recycled and break down naturally with time. People's likes and changes in their way of life affect the market for CANISTERS directly. People want things to be easy, look good and make them happy. So makers of cans have to keep up with what people like nowadays.
Changes in how things are made affect the CANISTERS market a lot. Better ways of making things boost how well they work, lower expenses, and help make new looks. This helps to match what people want more nowadays. Many players in the CANISTERS market make competition stronger. Things like making a brand, having different products compared to others and working with partners help market share and money for people who make stuff.
The market for canisters is not protected from the larger money situation. When the economy goes bad, it can change how people buy things. This affects their power to spend and want products like cans or jars. Events like natural disasters, problems between countries or worldwide health issues can mess up the way supplies get from one place to another. The container market can be hit by these problems, changing when products are made and how much is being stored.
Changing rules about packaging, like label needs and safety measures have a direct effect on the CANISTERS market. Makers need to know these rules well so they can follow them and keep out of trouble with the law. How you sell CANISTERS, like online or in stores and to large business changes how easy it is for consumers to buy them. These ways affect how things happen in the market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â Â 9.10% |
Canisters Market Highlights:
Canisters Market Overview
Canisters Market Size was valued at USD 2.94 Billion in 2023. The Global Canisters industry is projected to grow from USD 3.26 Billion in 2024 to USD 7.00 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.8% during the forecast period (2024 - 2032).
Canisters are rigid cylinder-shaped containers that are used for the packaging purpose. These cylinders are filled with substances such as activated carbon, silica gel, and clay. These substances act as dehydrating agents for controlling odor and moisture. Moreover, several types of packaging materials are used in the pharmaceuticals industry which include vials, unit pak, canisters, and pillow pak. However, canisters are more in demand owing to their rigid structure and ease of maintenance, thus suitable for household sectors. The use of desiccant canisters is on the rise as they are non-toxic. Furthermore, these canisters are FDA approved with Code of Federal Regulations Title 21 (CFR 21) as they are considered to be safe for packaging pharmaceutical drugs and food.
Usually, these containers are made up of plastic as it is a preferred packaging material available with a variety of grades. Plastic also has significant properties such as it is chemically inert in nature, aesthetic appeal, and customized thickness which assist in marketing and promotional activities. Polyolefin, PET, PE, PP, and Polyvinyl Chloride (PVC) are some of the grades of plastic used for packaging.
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.
Owing to the rigid design of desiccant canisters, they are an ideal fit for high-speed insertion and automatic packaging in nutraceutical and pharmaceutical bottles. For instance, the novel Oxy-Guard bottles launched by the Clariant Healthcare in October 2017 have the ability to extend the shelf life of probiotics.
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.
Canisters Market Segment Insights
The global canisters market is segmented on the basis of configuration, application, and end-user.
Canisters Configuration Insights
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.
Canisters Application Insights
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.
Canisters End-User Insights
On the basis of end-user, the global canisters market is classified into, pharmaceutical, automotive, healthcare, chemical, domestic, retail industries, and others.
Canisters Regional Insights
The global canisters market consists of four regions, namely, America, Europe, Asia Pacific, and the Middle East and Africa.
Americas dominated the global canisters market owing to the technological innovation, advancement in manufacturing processes, growing demand for blister packaging and drug delivery devices, and contribution of nanotechnology to the pharmaceutical packaging market. The US is the largest market among other countries such as Mexico, Canada, and others. The European canisters market is the second largest market followed by the Asia Pacific region.
Asia Pacific is the emerging market in the global canisters market. The rising awareness among consumers due to growing government initiatives and increasing minor and major pharmaceutical packaging industries owing to campaigns such as “Make-In-India” by the Indian government are major drivers responsible for the growth of the canisters market in India.
China and Australia are also expected to exhibit good opportunities during the forecast period. For Instance, in November 2017 Clariant Healthcare announced the establishment of a new healthcare packaging manufacturing plant in Cuddalore in Tamil Nadu. This manufacturing plant makes Clariant a major player in the growth of the pharmaceutical packaging market in India. This production unit is likely to improve the customer base in Asia Pacific and gain the canisters market prominence in this region.
Canisters Market 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.
Intended Audience
- Canisters manufacturing companies
- Original equipment manufacturing companies
- Suppliers and distributors of canisters
- Healthcare service providers
- Teaching hospitals and Academic Medical Centers (AMCs)
- Health insurance players
- Research and consulting firms
- Medical research institutes
- Venture capitalists
- Community Centers
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