Specialty Cans Market: An Overview

Cans have undergone many changes in terms of shape, size, texture, and weight to cater the needs of the consumers. This led to the introduction of specialty cans. These cans are mainly used for packaging and storage of processed food and beverages. Specialty cans protect the color and texture of food and also preserve their freshness and flavor. They provide hygiene, which helps in lowering the health issues that arise due to the contamination of food. These cans are eco-friendly and can be recycled and reused. Specialty cans are mainly used in the industrial sector and household. Metal specialty cans are one of the safest and economical forms of packaging. Metal specialty cans are mostly used as they are more long-lasting than plastic cans.

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Specialty Cans Market: Dynamics

Rising economy and disposable income and growing attraction towards luxurious goods act as a driving force for specialty cans. Consumers are willing to spend more on new and innovative products. Growing online market and number of brands by the companies helps in rising the market for specialty cans. Increasing knowledge related to the environmental concerns and recycling property of specialty cans boost their market. Plastic specialty cans can have a deceased use because of the growing intolerance towards plastic. Metal specialty cans, on the other hand, are more durable and easily recyclable. The specialty cans are costly than other cans that can act as a restraint in specialty cans market. Skilled labor is required for the production of these cans, which in turn increases the product cost. Availability of cheap products can also hamper the growth of specialty cans.

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Specialty Cans Market: Key Developments

Many key players in the market are focusing on product launch to produce new sustainable products for the flourishing requirements of the consumer. Recent developments in the performance of specialty cans have helped in coping up with the growing luxurious lifestyle. This is helping to raise the market for specialty cans. Companies are now able to produce an improved variety of cans which have appealing designs.

  • On 15 July 2019, Ardagh Group had an agreement with the Exal Corporation (a leading manufacturer of aluminum containers) to combine its food & specialty metal packaging business to ultimately form Trivium Packaging, a global leader in metal packaging.
  • On 23 April 2019, Crown launched shorter cans that are both round and square.
  • On 27 April 2018, Ball won two Euro Cantech 2018 awards for two-piece beverage decorative design and metallic aluminium aerosol can.

Specialty Cans Market: Segmentation

On the basis of material, the specialty cans market has been segmented into:

  • Metal
    • Steel
    • Aluminium
    • Others (tin, etc.)
  • Plastic
    • Polyethylene Terephthalate (PET)
    • Polyethylene (PE)
      • High-Density Polyethylene (HDPE)
      • Low-Density Polyethylene (LDPE)
    • Polyvinyl Chloride (PVC)
    • Polypropylene (PP)
    • Polystyrene(PS)
    • Others (acrylic,etc.)

On the basis of capacity, the specialty cans market has been segmented into:

  • < 1 gallon
  • 1 to 3 gallon
  • > 3 to 6 gallon
  • > 6 to 9 gallon
  • > 9 gallon

On the basis of end use, the specialty cans market has been segmented into:

  • Industrial sector
  • Military
  • Retail
  • Household
  • Commercial Industry                      

Specialty Cans Market: Regional Outlook

The U.S. in the North America region; countries like China, Japan, and South Korea in the Asia Pacific region and Italy, France and Germany in the European region have the largest market for luxurious goods; and therefore, the market for specialty cans is expected to rise. The specialty cans market in developed countries such as the U.S., Italy, and the UK is expected to have positive growth during the forecast period. Specialty cans are specially designed and coated to store processed food and beverages. The increasing demand for a container which can preserve food and beverage without affecting its natural properties drives the specialty cans market in developing countries such as India, China, etc.

Specialty Cans Market: Key Players

  • Crown Holdings Incorporated
  • Ball Corporation
  • Ardagh Group
  • Novelis, Inc.
  • Amcor Plc
  • Huber Packaging Group GmbH
  • Zenith Tins Pvt. Ltd
  • Silgan Metal Packaging Leipzig GmbH
  • GM Metal Packaging Ltd.
  • Eagle Manufacturing Company

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 in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with specialty cans market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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
  • Europe
  • 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.

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