Global Can Sealers Market is Likely to Grow a CAGR of 6.12% during the Forecast Period

The latest market report published by Credence Research, Inc. “Global Can Sealers Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The Global Can Sealers Market generated revenue of around USD 258.87 million in 2020 and is anticipated to grow a a CAGR of over 6.12% during the forecast period from 2021 to 2027 to reach around USD 425.25 million in 2027. While, cumulative growth opportunity presented by the global Can Sealers is around USD 2.56 billion during 2021 to 2027.

Global Can Sealers Market, 2020 – 2027 (USD Million)

Browse the full report at  Can Sealers Market (credenceresearch.com)

Can sealer is one of the important machines used in packaging industry. Can sealers are used for sealing the lid of can body. Cans can be of different materials according to different end-user markets. For instance, beverage industry prefers aluminum cans. Cans are growing form of packaging industry which is being widely used across host of industries.

Automatic Can Sealers to Grow at Rapid Pace

Manual Can Sealer, Semi-Automatic Can Sealer and Automatic Can Sealer are some of the important types of Can Sealers used across different industries. However, Automatic Can Sealers are growing in population in line with automation strategy adopted by the end-user industries. For instance, food & beverage industry if focusing on increasing automation in every aspect of manufacturing in order to speed up manufacturing while reducing manual errors and minimize the human contact with food & beverage to maintain high level of hygiene. This in turn driving the demand for can sealers in food & beverage industry.

Food & Beverage to Dominate

Food and Beverages, Pharmaceuticals, Industrial Products, Consumer Products and Others are some of the important end-user industries for the global can sealers industry with over 35% share in 2020. Growing adoption of convenient packaging in order to attract consumers has been remained major strategy of food & beverage manufacturers. Canned food & beverage in consistently growing in demand. This in turn resulting into growing demand for cans and can sealers in turn.

However, ever increasing prices of raw materials used in can manufacturing and fluctuation in it is one of the most important factors hindering the growth of this industry. Secondly, limited demand from emerging economies especially from Latin America and Africa is hampering demand.

North America is Leading Can Sealers Demand

North America is leading the canned food and beverage industry and thus demand for can sealers. Ever increasing demand for convenient food & beverage as well as easy to handle packaging forms in the region is fueling the growth of can sealers. However, Asia Pacific is growing at a rapid pace and likely to post most lucrative CAGR over the forecast period.

Major players operating in the can sealers industry include but not limited to Wisconsin Aluminum Foundry Company, Inc., Embarcadero Home Cannery, Crown Packaging Corp. and Wisconsin Aluminum Foundry Company, Inc.

Market Segmentation

Global Can Sealers Market by Type, 2015 – 2027

  • Manual Can Sealer
  • Semi-Automatic Can Sealer
  • Automatic Can Sealer

Global Can Sealers Market by Distribution Channel, 2015 – 2027

  • Food and Beverages
  • Pharmaceuticals
  • Industrial Products
  • Consumer Products
  • Others

Global Can Sealers Market by Company, 2015 – 2027

  • Wisconsin Aluminum Foundry Company, Inc.
  • Embarcadero Home Cannery
  • Crown Packaging Corp.
  • Wisconsin Aluminum Foundry Company, Inc.
  • Others