As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Edible Oil Cans market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Edible Oil Cans Market in the coming 10 years.
The report conducts an in-depth analysis of factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Edible Oil Cans
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Edible Oil Cans market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Edible Oil Cans Market Takeaways and Projections
- The U.S. is expected to lead the North America Edible Oil Cans market, projecting the fastest growth in the region between 2018 and 2028
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.
Report Benefits & Key Questions Answered
- Edible Oil Cans Historical Market Analysis: The detailed survey by FMI, examines key factors in the Edible Oil Cans market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Edible Oil Cans market for the forecast period 2018-2028.
- Edible Oil Cans Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Edible Oil Cans for the assessment period. As per the study, the demand for Edible Oil Cans will grow at a robust CAGR between 2018 and 2028.
- Edible Oil Cans Market Trend Analysis: The latest study by FMI on the Edible Oil Cans market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Edible Oil Cans market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Edible Oil Cans Market: Segmentation :
Globally, the edible oil cans market has been segmented by material type, product type and capacity. On the basis of material type, the global edible oil cans market has been segmented as follows : Metal, Steel, Tin, Aluminum, Plastic, High density polyethylene (HDPE), Low density polyethylene (LDPE), Poly Vinyl chloride (PVC), Polypropylene (PP), Polyethylene terephthalate (PET);
On the basis of product type, the global edible oil cans market has been segmented follows : Jerry cans, Tinplate cans; On the basis of capacity, the global edible oil cans market has been segmented as follows : Less than 5 Liters, 5-10 Liters, 10-20 Liters, 20 Liters and above;
Edible Oil Cans Market: Regional Outlook :
Geographically, the global edible oil cans market has been divided in seven key regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. The consumption of edible oil is higher in the countries of Asia Pacific excl. Japan, such as China and India. India is one of the largest producers and consumers of edible oil in the world. So the demand for edible oil packaging solutions is higher in the region, this demand is expected to escalate during the forecast period which will result in increased sales of edible oil cans in the region. North America market is expected to be another lucrative region for edible oil cans market owing to high consumption of premium oils in the region.
Edible Oil Cans Market: Key Players :
Some of the key players operating in the global edible oil cans market are Sidel S.A., Western Cans Pvt. Ltd., Parekhplast India Limited, Kian Joo Can Factory Berhad, Yee Lee Corporation Bhd group, Daeryuk Can Co., Ltd., Koogan Plastics (Pty) Ltd, Johore Tin Berhad (JTB). Many local and unorganized players are expected to contribute to the global edible oil cans market during the forecast period.
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 of the global edible oil cans market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with edible oil cans market attractiveness as per segments. The report also maps the qualitative impact of various factors on edible oil cans market segments and geographies.
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Report Highlights:
A detailed overview of parent market, Changing edible oil cans market dynamics in the industry, In-depth edible oil cans market segmentation, Historical, current, and projected edible oil cans market size regarding volume and value, Recent industry trends and developments in edible oil cans market, Competitive landscape of the edible oil cans market, Strategies for key players and products offered, Potential and niche segments, geographical regions exhibiting promising growth, A neutral perspective on edible oil cans market performance, Must-have information for edible oil cans market players to sustain and enhance their market footprint;
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