Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
In recent years, the canisters market has seen big changes. This is because what people want and how businesses work are changing too. Canisters often used for packing and storage have changed to fit the needs of different industries like food, medicines, and chemicals. A major shift is the growing need for eco-friendly packaging options. As people care more about the environment, customers and companies want cans made from green materials.
Makers are working to make containers that can be used again, break down in nature and come from things we use every day. Trends in the market also show a strong emphasis on new materials and design. Container makers are looking at special materials that make things stronger, lighter, and better. People are starting to like cool and easy-to-use designs more. These make things work better while also looking good. Another main trend is how digitalization affects packaging.
Packaging that's smart, with things like QR codes for tracking is getting more common in the canister market. This helps manage the supply chain and makes shopping better for customers. The growth of buying goods online has caused more people to want special cans for shipping packages through the internet. Companies are changing by giving special things that fit what internet-shopping places need. This can include packages with security and ones you save space in.
Following the rules set by regulators is a usual thing in the canisters market. The industry is moving to harder rules, particularly in fields like drugs and chemicals. This makes companies spend money on checks for quality and safety measures so they can meet these new standards. The canisters market has faced problems with supply chains worldwide due to disruptions from events like the COVID-19 outbreak.
These problems have now made people pay more attention to making their supply chains strong and looking into buying local materials or goods. After the world's health problems, there is a big focus on cleanliness and protection in packing. Canister makers are adding features to make their products safer, lower the chance of getting things dirty and keep packed items safe.
People in the packaging business are slowly starting to use less heavy materials. As making things last longer becomes important, canister makers are looking into new kinds of materials and shapes that make packaging lighter. This helps to lessen the cost of moving goods around while also leaving a smaller impact on nature.
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
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
