The food & beverages industry has remained one of the most prominent end-use industries as far as the adoption of Bisphenol A (BPA) cans is concerned. Bisphenol A is extensively used for packaging of canned foods. However, over the past decade, due to a range of factors, including growing consumer awareness pertaining to the harmful nature of BPA, scientific evidence that indicate the toxic nature of BPA, along with the evolving regulatory landscape, BPA free products, including BPA free cans, have gained considerable demand around the world. Due to additional pressure applied by regulatory authorities, manufacturers involved in the current market landscape are increasingly leaning toward producing BPA free cans.
Evolving consumer patterns across the food & beverages industry indicate that the demand for canned food products and beverages has witnessed consistent growth over the past few years, which in turn, has directly influenced the demand for BPA free cans. Growing consumer concerns pertaining to exposure to BPA is a major factor that is expected to drive the BPA free cans market during the forecast period. In addition, evidences supporting the link between BPA and obesity in children is another factor that has led to a considerable demand for BPA free cans– a trend that is expected to influence the growth of the BPA free cans market.
While the food & beverage sectors is expected to spearhead the demand for BPA free cans during the stipulated timeframe of the study, a surge in demand from the cosmetics and pharmaceutical sector is anticipated. At the back of these factors, along with continual research & development activities, the global BPA free cans market is expected to expand at a significant rate during the forecast period. While governments across the world have not enforced bans on BPA cans or packaging, manufacturers are increasingly shying away from using BPA due to the dwindling demand for products with BPA.
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High Demand for BPA Free Alternatives from Food & Beverages Sector to Provide Lucrative Opportunities
At present, participants involved in the food & beverages sector are swaying away from using BPA in their packaging solutions. Nearly 90% of the cans used across the food & beverages sector are BPA free as per the Can Manufacturers Institute. The growing demand for food safety is a leading factor due to which, food companies are primarily switching to using BPA free cans. In addition, participants operating in the food & beverages sector are increasingly focusing on BPA free cans to improve the quality of packaging and increase consumer trust and safety.
Key indicators associated with the BPA free cans market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global BPA free cans market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of BPA free cans. Furthermore, forecast factors and forecast scenarios of the BPA free cans market have been covered in the report to understand future prospects of the market.
A comprehensive evaluation and forecast on the BPA free cans market are provided on the basis of capacity, product type, material type, application, and region.
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Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments have been provided in the report. The BPA free cans market has been analyzed at both regional and country levels.
The report delivers an exhaustive assessment on the structure of the BPA free cans market, in tandem with the dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of BPA free cans manufacturers by leveraging an intensity map. It also highlights key end users for BPA free cans.