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.
Global Edible Oil Cans Market: Growth Factors
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.
Global Edible Oil Cans Market: Segmentation
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.
Global Edible Oil Cans Market: Regional Analysis
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.
Global Edible Oil Cans Market: Competitive Players
Some of the key players in 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, and Johore Tin Berhad (JTB).