Dublin, Jan. 16, 2025 (GLOBE NEWSWIRE) -- The "Can Seamers Market: Analysis By Product Type, By Application, By Region Size and Trends" report has been added to ResearchAndMarkets.com's offering.
The global can seamers market in 2023 stood at US$581.55 million and is likely to reach US$772.23 million by 2029. The global can seamers market is projected to grow at a CAGR of 4.85% during the forecast period of 2024-2029.
The growth of the global can seamers market is driven by several key factors, including the rising demand for packaged foods, beverages, and pharmaceuticals, as well as a shift toward sustainable metal packaging. Also, as trend towards urbanization is growing the demand for convenient food options increases, the packaged food industry is growing, creating a higher demand for canning equipment.
The global can seamers market has a fragmented competitive landscape, with both large multinational corporations and smaller regional players competing to capture market share. The fragmentation is due to a variety of factors, including the diversity of end-user industries (food and beverage, pharmaceuticals, cosmetics) and the demand for customization in canning machinery. The competitive landscape is marked by intense rivalry among players.
Moreover, advancements in can seaming technology, such as automation and improved sealing efficiency, have increased production speed and reduced labor costs, making canning more viable for large-scale manufacturers. The growth in sectors like ready-to-drink beverages, pet food, and pharmaceutical packaging also contributes to market expansion.
In 2023, North America dominated the global can seamers market due to the strong presence of established food and beverage industries, high consumer demand for canned products, and widespread adoption of advanced manufacturing technologies in the region. Government regulations promoting food safety and sustainable packaging have also contributed to the growth of the can seamers market in North America.
On the other hand, Asia Pacific region is expected to grow the fastest during forecasted period due to rapid industrialization, a growing middle-class population, and increasing demand for packaged food and beverages. Countries like China, India, and Japan are experiencing a surge in the consumption of canned products, driven by urbanization and changing consumer lifestyles that favor convenience. Additionally, the expansion of the food and beverage manufacturing sector, combined with rising investments in automation and packaging technology, is boosting demand for can seamers in the region. The shift toward sustainable and recyclable packaging solutions also supports growth.
Additionally, E-commerce growth, Internet of Things (IoT) integration, modular and compact designs, high-speed and multi-lane seamers, automation and smart seamers, rising demand for metal cans, sustainability-focused developments, collaborative robots (Cobots) etc. are propelling the market forward.
Market Segmentation Analysis:
By Product Type: The report has segmented the global can seamers market into two segments namely, automatic and semi-automatic.
In 2023, the automatic segment dominated the market share due to its high operational efficiency and ability to meet large-scale production demands, particularly in the food and beverage industries. Automatic can seamers offer significant advantages, including reduced labor requirements, consistent quality, and the capability to handle high volumes, which make them ideal for large manufacturers seeking to streamline operations and reduce costs.
On the other hand, semi-automatic segment is expected to grow the fastest during forecasted period due to its affordability, flexibility, and suitability for small to medium-scale production operations. Semi-automatic can seamers offer a balance between automation and manual control, making them ideal for smaller businesses, craft breweries, and niche food producers that require high-quality seaming without the large upfront investment needed for fully automatic systems. Additionally, the rise of small and artisanal brands, along with the growth of local food and beverage markets, is driving demand for semi-automatic machines
By Application: The global can seamers market can be divided into three segments according to application: Beverages, Food and Others.
Beverages segment holds the largest market share in 2023 due to the high demand for canned beverages, including soft drinks, energy drinks, alcoholic beverages, and ready-to-drink coffee and tea. Canned beverages are popular among consumers for their convenience, portability, and long shelf life, leading beverage manufacturers to increasingly adopt canning solutions. Additionally, the rise of craft breweries and innovative beverage brands has further driven demand for can seamers in this segment.
On the other hand, other applications segment is expected to grow the fastest during forecasted period due to increasing demand in diverse industries beyond food and beverages, such as pharmaceuticals, cosmetics, and pet food. These industries are increasingly adopting cans for packaging due to their durability, protection against contamination, and ability to extend product shelf life. The pharmaceutical and cosmetics sectors, in particular, are leveraging can seaming to ensure product integrity. This broadening of applications is fueling growth in the "Others" segment as manufacturers seek versatile and secure packaging solutions.
Competitive Landscape
Companies focus on R&D to create innovative technologies, invest in modern production technology, and employ novel marketing techniques emphasizing customer awareness and education. Strategic partnerships, mergers, and acquisitions are common as firms seek to expand their product offerings and market presence.
Market Dynamics
Growth Drivers
- Rising Disposable Income
- Urbanization and Changing Lifestyles
- Increasing Demand for Canned Products
- Growth of the Beverage Industry
- Regulatory Standards
Challenges
- Competition from Alternative Packaging Solutions
- High Initial Investment Costs
Market Trends
- E-commerce Growth
- Internet of Things (IoT) Integration
- Modular and Compact Designs
- High-Speed and Multi-Lane Seamers
- Automation and Smart Seamers
- Rising Demand for Metal Cans
- Sustainability-Focused Developments
- Collaborative Robots (Cobots)
Key players in the can seamers market are:
- Pneumatic Scale Angelus
- The Ferrum Group
- JBT Corporation
- CFT S.p.A.
- Innovus Engineering
- Dixie Canner Co.
- JK Somme
- Ezquerra Group
- SHIN I MACHINERY WORKS CO. LTD.
- Bubber Machine Tools
- Montajes Conserveros de Galicia S.L.
- Swiss Can Machinery AG
- Dyetech Equipment Group Inc.
For more information about this report visit https://www.researchandmarkets.com/r/szs4u
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