The global can holders market is anticipated to reach a worth of US$ 399.4 million in 2022 and continue to grow at a CAGR of 3.6% to reach US$ 567.7 million by the year 2032, according to data from Future Market Insights. The top 5 businesses are predicted to control between 20 and 25 percent of the market by the end of 2022, which is expected to boost sales of can holders.

Based on the material, it is anticipated that the sector for plastic can holders will continue to dominate that for other can holder materials. By the end of 2022, the plastic can holder sector is anticipated to control 47% of the market value. Furthermore, it is anticipated that sustainability will become a bigger issue.

The FMI report estimates that the can holder’s market revenue will reach US$ 382.4 Million in 2021. The global market for can holders is anticipated to reach US$ 567.7 million by 2032, growing at a CAGR of 3.6% over the forecast period due to the rising demand from a variety of end-users.

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During the anticipated term, a healthy growth outlook is predicted for the market for can holders. According to a recent FMI prediction, the can holder’s sales are expected to increase from 2022 to 2032, creating an absolute incremental growth opportunity of US$ 168.4 Million.

The need for can holders is driven by the growing food service sector and consumers’ strong desire for products that are convenient. The market for can holders is predicted to grow by 1.4 times.

Key Companies:

  • Smurfit Kappa Group PLC
  • Graphic Packaging International LLC
  • WestRock Company
  • Roberts PolyPro Inc.
  • PakTech
  • E6PR
  • Fishbone Packaging Inc.
  • Stora Enso Oyj
  • Easternpak (Napco Paper Containers)
  • Keystone Paper & Box Co
  • WaveGrip™ (Berry Global Group)
  • Hi-Cone

Key Trends in the Can Holders Market:

  1. Sustainability Focus: Increasing demand for eco-friendly can holders made from recyclable materials.
  2. Customization: Personalized and branded can holders for promotional and marketing purposes.
  3. Online Retail Growth: Rising e-commerce sales of beverages leading to increased demand for can holders.
  4. Innovative Materials: Development of can holders with advanced insulating and heat-resistant materials.
  5. Design Versatility: Creative and functional designs to accommodate various can sizes and shapes.
  6. Craft Beverage Boom: Growth in the craft beer and artisanal beverage industry driving can holder sales.

Competitive Landscape

Due to the surge in demand for convenient transportation, the can holders market is facing strong competition. Manufacturers are using various strategic tactics like mergers & acquisitions, innovation, etc. in the can holder’s market to get a competitive advancement. Leading organizations are creating and modifying product innovations that offer numerous benefits as a strategic way to expand their presence among customers. Some of the recent developments in the market are as follows –

  • In August 2022, Graphic Packaging International LLC announced the partnership with Coca-Cola bottlers to launch USA first paperboard KeelClip packaging for multipack cans
  • In April 2022, Roberts Polypro Inc. announced the introduction of an innovative can carrier applicator for carriers and application systems which is fully recyclable.

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Can Holders Market by Category

By Material, Can Holders Market is Segmented as:

  • Plastic Can Holders
  • Paper Can Holders
  • Metal Can Holders

By Capacity, Can Holders Market is Segmented as:

  • 2 Cans
  • 4 Cans
  • 6 Cans
  • More than 6 Cans

By Packaging Type, Can Holders are Segmented as:

  • Rigid Can Holders
  • Semi-rigid Can Holders

By End-user, Can Holders Market is Segmented as:

  • Hotels & Motels
  • Restaurants
  • Café
  • Food Service Outlets
  • Others (Institutes, Airport stations, etc.)

By Region, Can Holders Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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