Plastic canister is rectangular container and used to store and transport liquid and semi liquid products. The rectangular structure of the plastic canister make efficient while handling during road or rail transportation. Plastic canister is used in petroleum refining, petrochemical manufacturing industry, food & beverage industry, pharmaceutical industry. Plastic canisters are made up of high quality raw material that will protect the product from sunlight and increase the shelf life of the product as it is safe to use & easily recyclable. Attributing to benefits of plastic canisters such as safe & effective material handling and storage management for longer duration, the global market is expected to have lucrative growth opportunities, during the forecast period.
Plastic canisters are used to store liquid substances, so it necessary to protect it from light, heat, moisture, oxygen and hazardous gases, if the liquid comes in contact with any of these it will react and damage the product. The plastic canister is made up of a multi-layer structure that acts as a good barrier. A rapid growth in the fuel and petroleum industry across the globe drives the growth of plastic canisters. The plastic canister is gaining traction due to its recyclable material, durability, and easy to handle. One of the major restraints to the growth of the canisters is that it made up of plastic material and harmful to the environment. So the manufacturers are spending more on research and development to create an eco-friendly product.
COVID-19 has affected the trade of fuel and the petroleum product industry shows the price is low in the past week during the nation-wide lockdown. The price of the fuel will grow significantly but the demand for the plastic canister will remain steady.
Globally, the plastic canister market is segmented by material, capacity, and end-users.
By Material, the global canister market has been segmented as follows
By Capacity, the global canister market has been segmented as follows
By End Users, the global canister market has been segmented as follows
The plastic canister market has been analyzed based on sales growth and value across different Regions that include Asia Pacific, Latin, and North America, Oceania, Europe, and the Middle East and Africa. Asia Pacific has the highest demand for the plastic canisters due to expansion in end users industry such as chemical and pharmaceutical industry. North America contributes significant growth in this industry, owing to the improvement in the food and beverage industry. In Middle East petroleum refining are expanding their business by making join ventures to fulfill the demand in near future, this will benefit the plastic canister manufacturers.
The key players of global catalyst bins market are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.
Regional Analysis Includes-