As per a comprehensive study conducted by Future Market Insights, the global can holders market is poised for substantial growth in the coming years. In 2022, the market is expected to be valued at approximately US$ 399.4 million, and it is projected to expand at a commendable Compound Annual Growth Rate (CAGR) of 3.6%, reaching an impressive valuation of US$ 567.7 million by the year 2032.

One pivotal factor contributing to this growth is the choice of materials used in can holders. Among the various materials employed in manufacturing can holders, the plastic can holders segment is anticipated to maintain its dominance. This segment is estimated to account for approximately 47% of the market value share by the conclusion of 2022. Additionally, the growing concern for sustainability is projected to create new growth opportunities within the paper can holders market.

This market outlook highlights the increasing demand for can holders and underscores the significance of material choices in catering to diverse customer preferences and sustainability objectives. As the can holders market continues to evolve and adapt, manufacturers must consider material innovations and environmental consciousness to remain competitive and meet the expectations of both businesses and consumers.

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The can holders market, which involves the manufacturing and supply of holders or carriers designed for beverage cans, is influenced by several drivers and restraints that shape its growth and dynamics. Here are some key drivers and restraints in the can holders market:

Market Drivers:

  1. Rising Beverage Consumption: The increasing consumption of canned beverages, including soda, beer, energy drinks, and ready-to-drink products, drives the demand for can holders.
  2. Convenience: Can holders provide a convenient way for consumers to carry multiple beverage cans, making them popular for picnics, parties, outdoor events, and gatherings.
  3. Brand Promotion: Can holders serve as effective branding and promotional tools for beverage companies, allowing them to display logos, slogans, and marketing messages.
  4. Customization: Manufacturers can offer can holders with various designs, materials, and customization options, catering to diverse customer preferences and branding needs.
  5. Sustainability: The use of eco-friendly materials and reusable can holders aligns with sustainability goals and resonates with environmentally conscious consumers.

Market Restraints:

  1. Environmental Concerns: The disposal of single-use or non-recyclable can holders, especially those made from non-biodegradable materials, can raise environmental concerns and impact sustainability efforts.
  2. Cost Considerations: The production and integration of can holders can add to the overall packaging cost, potentially impacting product pricing and cost-effectiveness.
  3. Regulatory Compliance: Meeting regulatory requirements for beverage packaging, labeling, and materials is essential, and can holders must adhere to relevant standards.
  4. Supply Chain Disruptions: Events like natural disasters and global supply chain disruptions can affect the availability of materials and impact production schedules for can holders.
  5. Consumer Preferences: Consumer preferences for beverage packaging types and ease of use can influence the adoption of can holders.
  6. Market Competition: The can holders market is competitive, with various manufacturers offering similar solutions, making it essential for companies to differentiate themselves.
  7. Material Selection: Choosing the right materials for can holders is crucial, as materials must be compatible with beverage cans, offer insulation when necessary, and meet regulatory requirements.
  8. Product Compatibility: Can holders may not be suitable for all types of beverage cans, especially those with unique sizes or shapes.
  9. Technical Challenges: Implementing can holders may require specialized machinery and technical expertise, posing barriers for some manufacturers.
  10. Consumer Acceptance: The acceptance of can holders by consumers may vary depending on regional preferences and cultural factors.

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Major Players

  • 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

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

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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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