Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 220.88 Billion | USD 339.73 Billion | CAGR at 4.90% | 2023 |
According to the report published by Zion Market Research, the global Edible Oil Cans Market size was valued at USD 220.88 Billion in 2023 and is predicted to reach USD 339.73 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.90% during the forecast period. The report analyzes the global Edible Oil Cans Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Edible Oil Cans Market industry.
Edible oil cans are usually used for household applications. Edible oil cans also provide protection against light, moisture, oxygen, and various other contaminants. Materials for edible oil cans are chosen such that it does not react with the oil filled and are less prone to corrosion.
Edible oil cans are becoming more popular among the manufacturers as they are easy to handle which makes them suitable for retail packaging. Manufacturers produce edible oil cans out of metals as well as plastic. With the increase in consumption of premium oils in developed as well as developing the market in the retail sector, the demand for edible oil cans is expected to rise during the forecast period.
A recent shift in trend from tin and steel cans towards plastic cans has been observed, the edible oil cans market growth will gain momentum in the years ahead. In order to stand out with their packaging, the manufacturers tend to go for visually appealing packaging formats. Plastic edible oil cans provide aesthetic appeal to the product, which results in increased shelf visibility and hence increased sales. This, in turn, will proliferate the demand for edible oil cans over the coming years. However, a variety of other packaging formats are available for retail packagings such as bottles and pouches. Manufacturers are opting for newer and more convenient packaging formats such as a bag in boxes. They offer spill and leakage free user-friendly packaging. This might hamper the demand for edible oil cans during the forecast period.
The global edible oil cans market can be classified based on material type, product type, and capacity.
On the basis of material type, the market is segmented into metal and plastic.
Product Typewise, the edible oil cans market is classified into jerry cans and tinplate cans.
Based on the capacity, the market is sectored into less than 5 liters, 5-10 liters, 10-20 liters, and 20 liters and above.
Report Attributes | Report Details |
---|---|
Report Name | Edible Oil Cans Market Research Report |
Market Size in 2023 | USD 220.88 Billion |
Market Forecast in 2032 | USD 339.73 Billion |
Growth Rate | CAGR of 4.90% |
Number of Pages | 196 |
Key Companies Covered | 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, and Johore Tin Berhad (JTB) |
Segments Covered | By Material type, By Product type, By Capacity and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on regions, the global edible oil cans market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Massive consumption and intake of edible oil in Asian countries such as India and China will proliferate the growth of edible oil cans market in the Asia Pacific region. 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 edible oil cans market is anticipated to exhibit a lucrative growth over the review period, subject to massive consumption of premium oils in the region. The European region is likely to make notable contributions towards the global edible oil cans market over the next few years.
The Middle East and Africa and Latin American regions are considered to be the markets with tremendous growth prospects and having the countries with humungous untapped market growth potential.
Some of the key players in edible oil cans market are:
By Material type
By Product type
By Capacity
Global Edible Oil Cans Market: Regional Segment Analysis
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