Resealable Cans Market - An Overview:
Resealable cans allow consumers to seal or close the can after opening. Resealable packaging maintains the freshness of the products and prevents the spillage. In last decade, the introduction of the stay-on tab was launched, which replaced the risk of injury and spillage by replacing on ring pull cans. To overcome this, the German company Xolution introduced resealable cans to find the gap between caps and bottles which worked by sliding the closure strap back or forward to open the cans. These cans can be more profitable to beverage industries. Resealable cans can be opened with one hand, are user-friendly, and are usable with a straw. Resealable cans provide beverage industry with innovation and a great branding opportunity and can enhance consumer appeal. Apart from these benefits, resealable cans help control wastage, gives convenience to the consumers, and reduces packaging waste. Future innovation in shape, thickness, color, packaging design and quantity of resealable cans established an upper edge over the traditional cans available in the market. Overall, the outlook for the global resealable cans is expected to be positive during the next decade.
Resealable Cans Market – Dynamics:
Resealable cans are more efficient than PET bottles because of the environmental issues created by PET bottles due to the presence of petroleum. Resealable cans add values and extend the shelf life of beverages. Resealable cans also make consumer’s life more comfortable and add significant benefits to the retailers. Resealable cans can stand out from the crowd because of its advantages. Child resistant flexible packaging is a new factor which can increase the industrial and economic growth of resealable cans. They need less virgin and energy due to the high demand by consumers and beverage manufacturers. PET bottles have been resealable and easy for the consumers to use; this marked as an indication for resealable cans to set a brand apart from the competition. The cost of resealable cans can hamper the growth prospects during the forecast period.
In the future, many solutions may come up, and resealable cans market can evolve, which could meet the need of the consumers by taking reference from the previous inventions.
In January 2016, xolution announced its new generation resealable cans which contain a tamper-proof seal.
Want to know the obstructions to your company’s growth in future? Request a brochure here
Resealable Cans Market – Segmentation:
The global resealable cans market is segmented by material type, capacity, product type, and end use. The pricing for resealable cans has being done based on product type segment in US$ million, and the volume is considered in number of units.
On the basis of material type, the resealable cans market has been segmented into:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
On the basis of capacity, the resealable cans market has been segmented into:
- Less than 200 ml
- 201 ml – 250 ml
- 251 ml – 300 ml
- More than 301 ml
On the basis of the product type, the resealable cans market has been segmented into:
- 1 – Piece
- 2 – Piece
- 3 – Piece
On the basis of end use, the resealable cans market has been segmented into:
- Ready to Eat Food
- Pet Food
- Meat, Poultry & Seafood
- Other Food Items
- Alcoholic Beverages
- Non – Alcoholic Beverages
- Paints & Lubricants
Resealable Cans Market - Regional Outlook:
The countries such as Germany and Belgium in the European region have the highest consumption of carbonated beverages, and therefore, the market for resealable cans is expected to rise. The resealable cans market in developed countries such as the U.S., Italy, and the UK is expected to have positive growth during the forecast period. It attributed to the high demand for resealable cans incorporated in the packaging of beverages such as cold drinks, soda, energy drinks, and cold coffee. Demand for a more convenient way to store beverages without their wastage, spillage and for being environment-friendly is expected to drive the resealable cans market in developing countries such as India, China, and Brazil among others.
Looking for exclusive market insights from business experts? Request a Custom Report here
Resealable Cans Market - Key Players:
- Ball Corporation
- Wilkinson Containers Ltd.
- XOLUTION GmbH
- Allstate Can Corporation
- Ardagh Group
- Silgan Containers LLC
- Crown Holdings Inc.
- Bway Corporation
- Can2close GmbH
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.