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Pharmacy benefit management market
Can Seamers Market Report Overview
The global can seamers market size was USD 330.8 million in 2020 and will reach USD 447.8 million by 2027, exhibiting a CAGR of 4.4% during the forecast period.
The can seamers market is witnessing significant growth driven by the increasing demand for canned goods and the surge in e-commerce. Consumers' preference for extended shelf life, minimal preparation, and portability of canned products, especially in regions with limited refrigeration access, is a key factor fueling market expansion. The rise in online grocery shopping has necessitated robust packaging solutions, where can seamers play a crucial role in meeting the challenges of shipping and storage. The convenience of online purchasing is further boosting the demand for efficient can sealing, making can seamers an essential component in the evolving packaging landscape.
COVID-19 Impact: Demand Surged Due to Shortage of Other Packaging Materials
The COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic had a profound impact on the can seamers market. With lockdowns in place and heightened concerns about hygiene, consumers engaged in stockpiling shelf-stable canned food, creating a surge in demand for can production. The rise of online grocery shopping during the pandemic further intensified the demand for canned goods, as they are more convenient to ship and store compared to fresh produce. Shortages of other packaging materials, such as glass jars and plastic, prompted some manufacturers to shift to cans, consequently amplifying the demand for can seamers. The pandemic-induced changes in consumer behavior and the increased reliance on canned products have significantly shaped the market landscape, influencing the growth trajectory of the can seamers industry.
Latest Trends
"Development of High-Speed and Multi-Lane Seamers to Enhance Operational Efficiency"
The latest trend in the can seamers market is the rapid advancement in technology, prominently characterized by the development of high-speed and multi-lane seamers. Manufacturers are focusing on enhancing operational efficiency by introducing can seamers with increased speed capabilities, enabling them to handle multiple can sizes and production lines concurrently. This trend addresses the industry's growing demand for heightened productivity and versatility. These innovative seamers not only contribute to accelerated production rates but also offer a more adaptable solution to cater to diverse packaging requirements.
Can Seamers Market Segmentation
By Type Analysis
Based on type, the global market can be categorized into less than 300 CPM, 300-1000 CPM, and more than 1000 CPM.
- Less than 300 CPM: Can seamers falling within this category are designed for smaller-scale production environments, where the demand for can sealing is moderate. With a capacity of less than 300 cans per minute, these seamers cater to businesses with relatively lower production requirements.
- 300-1000 CPM: Can seamers in the range of 300-1000 CPM are tailored to meet the demands of medium to large-scale production settings. With a higher capacity, they are well-suited for industries with increased output requirements.
- More than 1000 CPM: High-speed can seamers falling into the category of more than 1000 CPM are designed to handle large-scale production volumes efficiently. With a capacity exceeding 1000 cans per minute, these seamers are ideal for industries where rapid and continuous can-seaming is paramount.
By Application Analysis
Based on application, the global market can be categorized into canned food and canned beverages.
- Canned Food: The application of can seamers in the canned food industry is driven by the need for preserving and packaging various food products. This includes vegetables, fruits, soups, and other non-perishable items.
- Canned Beverages: Can seamers play a crucial role in the packaging of canned beverages, including carbonated drinks, energy drinks, and ready-to-drink beverages. The efficient sealing of beverage cans ensures product integrity and shelf stability.
Driving Factors
"Increased Demand for Canned Goods to Amplify Market Expansion"
The demand for can seamers is aligned with the demand for cans. Canned goods offer extended shelf life, minimal preparation, and portability, making them highly desirable for busy lifestyles and the growing trend of urbanization. In regions with limited refrigeration access, canned goods provide a cost-effective and convenient food source compared to fresh or frozen alternatives. The increased demand for these advantages directly propels the can seamers market growth.
"Rise of E-commerce Sector to Drive Market Growth"
The surge in e-commerce, particularly in online grocery shopping, necessitates packaging solutions that can withstand the challenges of shipping and storage. Cans, along with the essential role of can seamers, become crucial in meeting these requirements. As consumers increasingly opt for the convenience of online purchasing, the demand for robust packaging solutions drives the expansion of the can seamers market.
Restraining Factor
"High Initial Investment Costs to Hinder Market Enhancement"
A notable restraining factor for the can seamers market is the high initial investment costs associated with the adoption of advanced technologies. The implementation of can seamers featuring automation, smart technologies, and customization capabilities demands a substantial upfront capital investment. This financial barrier poses a significant challenge, particularly for smaller companies with limited financial resources. The need for modern and technologically sophisticated can seamers to stay competitive in the market can deter smaller enterprises from making these initial investments, potentially limiting their ability to enhance efficiency and keep pace with industry advancements.
Can Seamers Market Regional Insights
"Asia Pacific to Lead the Global Market Due to Region’s Flourishing Food and Beverage Industry"
The market is primarily segregated into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific holds the dominant position in the can seamer market share, its leadership fueled by a potent blend of factors. A booming economy drives demand for convenient, affordable canned goods, perfectly aligning with the region's flourishing food and beverage industry. Strong manufacturing capabilities and a focus on innovation solidify its position, making Asia Pacific the undisputed champion in the world of can seamers
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Ferrum Canning Technology (Switzerland)
- Pneumatic Scale Angelus (U.S.)
- CFT Group (Italy)
- Toyo Seikan (Japan)
- JBT (U.S.)
- Zhejiang Wei Chi (China)
- JK Somme (France)
- Ezquerra Group (Spain)
- Hefei Zhongchen (China)
- Montajes Conserveros de Galicia SL (Spain)
- Hor Yang Machinery (Taiwan)
- KingQi (China)
- Swiss Can Machinery AG (Switzerland)
- SHIN I MACHINERY (Taiwan)
- Simik Inc (U.S.)
- Bonicomm (South Korea)
- Grabher Indosa Maschinenbau AG (Austria)
INDUSTRIAL DEVELOPMENT
March 2022: Zhejiang Wei Chi achieved a notable milestone in the industrial development of the can seamers market with the introduction of the WC-600 can seamer. This innovative machine stands out for its dual benefits of cost-effectiveness and energy efficiency, offering a compelling solution for manufacturers. The WC-600 is designed to achieve substantial savings, boasting the capability to conserve up to 40% of electricity. In addition to its energy-efficient features, the can seamer contributes to a quieter operational environment, reducing noise levels by 10 dB compared to conventional can seamers.
Report Coverage
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 330.8 Million in 2020 |
Market Size Value By |
US$ 447.8 Million by 2027 |
Growth Rate |
CAGR of 4.4% from 2020 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the can seamers market expected to reach by 2027?
The can seamers market is expected to reach USD 447.8 million by 2027.
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What CAGR is the can seamers market expected to exhibit by 2027?
The can seamers market is expected to exhibit a CAGR of 4.4% by 2027.
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What are the driving factors of the can seamers market?
The increased demand for canned goods and the rise of e-commerce are key driving factors for the can seamers market.
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What are the can seamers market segments?
The can seamers market is segmented based on type into less than 300 CPM, 300-1000 CPM, and more than 1000 CPM. The market is also segmented by application into canned food and canned beverages.