New York, United States, March 07, 2023 (GLOBE NEWSWIRE) -- Safety cans refer to equipment used for transporting flammable or potentially hazardous liquids more securely. They are usually made of stainless steel or steel. These cans are generally used on a large scale in pharmaceutical laboratories, chemical and petrochemical sectors, and research laboratories.
Safety cans are used in the chemical industry to handle flammable liquids used in manufacturing processes and dispose of end-waste products. Additionally, they are used in handling petrochemicals such as acetylene, benzene, propane, and ethylene derived from refining petroleum and used in end-products such as paper, paints, textiles, and pharmaceuticals.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/safety-cans-market/request-sample
Rising Demand for Eco-Sustainable Cans and Rising Demand for Aluminum Cans Drives the Market Growth.
Metal cans are naturally very eco-friendly. Compared to other materials like glass or plastic, these metal cans are highly recyclable. Metal cans are completely recyclable and can be reused and recycled repeatedly without losing functionality. The aluminum can, in particular, offers a strong incentive for recycling metal cans, which is anticipated to propel the market's growth rate.
Based on raw materials, the market for aluminum cans is anticipated to be the largest during the forecasting period. Due to aluminum's affordability and high recycling rate, this is the case. A sustainable and eco-friendly packaging solution for various uses is offered by the expanding use of metal cans for packaging food and beverages. Both refrigerators and ovens are safe places to store aluminum cans.
However, the increased use of bio-based plastic in food and beverage packaging has posed a significant problem for the market's metal can help manufacturers. The use of polymer-based packaging raw with bio-based plastic is also steadily increasing in the packaging industry. Therefore, increasing bio-based plastic in can manufacturing, particularly for food and beverage packaging, will pressure the market's growth rate. The market's growth rate will also hamper the fluctuating costs of raw materials primarily used in producing metal cans.
Report Scope
| Report Metric | Details |
| Market Size | USD 5.40 billion in 2022 |
| CAGR | 6.1% (2023-2031) |
| Historical Data | 2020-2021 |
| Base Year | 2022 |
| Forecast Period | 2023-2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, By Application |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Denios Ltd., Justrite Manufacturing Company, Ecosafe SA, Safeway Products Inc., Eagle Manufacturing Company, Rotmeier Sicherheitsbehalter OHG, Cole-Parmer, Burkle GmbH, Sysbel Corporation L.L.C |
| Key Market Drivers | Rising Demand for Eco-Sustainable Cans and Rising Demand for Aluminum Cans Drives the Market Growth. |
Buy Now Full Report @ https://straitsresearch.com/buy-now/safety-cans-market
Regional Insights
Throughout the forecast period, North America will dominate the metal cans market. This is a result of the region's rising metal can demand. North America dominates the metal cans market due to their extensive consumption of food and beverages like beer and other alcoholic beverages. Justrite Manufacturing Company has a strong presence across North America and is a leader in the manufacturing of safety cans. The company is involved in product innovation, research, and development to design and manufacture the latest product lines that meet safety and customer requirements. It has recently acquired West Virginia-based Eagle Manufacturing company, which has allowed it to expand its distribution base and market presence further. Eagle is a prominent manufacturer of over 1,000 products, including safety cans, spill containment products, safety cabinets, poly drums, and other material handling products.
Asia-Pacific is anticipated to experience the fastest growth during the estimated period due to the region's booming economy and growing end-user consumption. Sysbel Corporation holds the largest market share in Asia-Pacific. The company is based in the coastal area of Shanghai, which allows it to cut down its transportation costs and increase profit margins. It is also aiming for untapped regions such as Africa and Latin America. Sysbel has a vast network of authorized distributors and partners around the globe that makes it easy for the company to serve its target clientele. Rotmeier is focusing on increasing its market penetration in emerging economies of the Asia-Pacific.
Key Highlights
- The global Safety cans market size is registering a CAGR of 6.1% during the forecast period 2023-2031.
- By type, the market is sub-segmented into 2.5 and 5Gal segments; although the 5Gal segment holds the largest share of the global market, 2.5 Gal is pegged to be the fastest-growing segment with the largest market share in coming years. 2.5Gal safety cans are equipped with a single spout and used for both pouring and filling, whereas 5Gal safety cans contain separate openings for filling and pouring, which is ideal for repetitious use. The pharmaceutical industry needs a range of specialty chemicals and liquid substances used in laboratories for research and development activities.
- By application, the market is divided into pharmaceutical, manufacturing, oil and gas, mining, and chemical and petroleum industry. The pharmaceutical sector held the largest share of the safety cans market. As per data provided by the European Federation of Pharmaceutical Industries and Associations, the market witnessed rapid growth in research activities, especially in developing countries such as Brazil, India, and China, among others. After the pharmaceutical industry, the chemical industry held the second-largest share.
- Depending on the region, the market is analyzed in North America, Asia-Pacific, Europe, and LAMEA. North America dominates the market.
Competitive Landscape
- Denios Ltd.
- Justrite Manufacturing Company, L.L.C
- Ecosafe SA
- Safeway Products Inc.
- Eagle Manufacturing Company
- Rotmeier Sicherheitsbehalter OHG
- Cole-Parmer
- Burkle GmbH
- Symbol Corporation
Key market players are emphasizing manufacturing products that are environment-friendly and comply with the requirements of international specifications and quality standards. These players are also trying to gain traction through various marketing strategies that enable better access to their products for existing and new customers. Product innovation and acquisition are the two key business growth strategies through which these players try to penetrate the market and gain market share.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/safety-cans-market/request-sample
Safety Cans Market: Segmentation
- By Type
- 5-Gal Type
- 2.5-Gal
- Others
- By Application
- Pharmaceutical Sector
- Manufacturing Sector
- Oil and Gas Industry
- Mining Industry
- Chemical and Petrochemical Sector
- By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East
- Africa
TABLE OF CONTENT
- EXECUTIVE SUMMARY
- RESEARCH SCOPE & SEGMENTATION
- Research Objectives
- Market Definition
- Limitations & Assumptions
- Market Scope & Segmentation
- Currency & Pricing Considered
- MARKET OPPORTUNITY ASSESSMENT
- Emerging Regions / Countries
- Emerging Companies
- Emerging Applications / End Use
- Investment Landscape
- New Business Models / Revenue Streams
- TAM
- MARKET TRENDS
- Drivers
- Market Warning Factors
- Latest Macro Economic Indicators
- Geopolitical Impact
- Human Factors
- Technology Factors
- MARKET ASSESSMENT
- Porters Five Forces Analysis
- Value Chain Analysis
- Raw Material Analysis
- Sales And Distribution Channel Analysis
- Trade Analysis
- Patent Analysis
- M & A Agreements & Collabration Analysis
- Export Import Analysis
- Cost Structure Analysis
- ESG TRENDS
- GLOBAL SAFETY CANS MARKET SIZE ANALYSIS
- Global Safety Cans Market Introduction
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- NORTH AMERICA MARKET ANALYSIS
- Introduction
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- U.S.
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- By Type
- Canada
- EUROPE MARKET ANALYSIS
- Introduction
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- U.K.
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- By Type
- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest Of Europe
- APAC MARKET ANALYSIS
- Introduction
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- China
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- By Type
- Korea
- Japan
- India
- Australia
- Taiwan
- South East Asia
- Rest Of Asia-Pacific
- MIDDLE EAST AND AFRICA MARKET ANALYSIS
- Introduction
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- UAE
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- By Type
- Turkey
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest Of MEA
- LATAM MARKET ANALYSIS
- Introduction
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- Brazil
- By Type
- Introduction
- Type By Value
- 5-Gal Type
- By Value
- 5-Gal
- By Value
- Others
- By Value
- Introduction
- By Application
- Introduction
- Application By Value
- Pharmaceutical Sector
- By Value
- Manufacturing Sector
- By Value
- Oil And Gas Industry
- By Value
- Mining Industry
- By Value
- Chemical And Petrochemical Sector
- By Value
- Introduction
- By Type
- Mexico
- Argentina
- Chile
- Colombia
- Rest Of LATAM
- COMPETITIVE ASSESSMENT
- Adoption Matrix
- Safety Cans Market Share By Manufacturers
- Safety Cans Market Ranking By Revenue For Manufacturers
- Average Price By Manufacturers
- Vendor Footprint Analysis
- MARKET PLAYERS ASSESSMENT
- Denios Ltd.
- Overview
- Business Information
- Revenue
- ASP
- Gross Margin
- Swot Analysis
- Recent Developmments
- Justrite Manufacturing Company, L.L.C
- Ecosafe SA
- Safeway Products Inc.
- Eagle Manufacturing Company
- RotmeierSicherheitsbehalter OHG
- Cole-Parmer
- Burkle GmbH
- Sysbel Corporation
- Denios Ltd.
- RESEARCH METHODOLOGY
- Research Data
- Secondary Data
- Major Secondary Sources
- Key Data From Secondary Sources
- Primary Data
- Key Data From Primary Sources
- Breakdown Of Primaries
- Secondary And Primary Research
- Key Industry Insights
- Secondary Data
- Market Size Estimation
- Bottom-Up Approach
- Top-Down Approach
- Market Projection
- Research Assumptions
- Assumptions
- Limitations
- Risk Assessment
- Research Data
- APPENDIX
- Discussion Guide
- Customization Options
- Related Reports
- DISCLAIMER
Table of Content @ https://straitsresearch.com/report/safety-cans-market/toc
Market News
Justrite Safety Group, a leader in industrial safety products on a global scale, recently unveiled a comprehensive new website in February 2022. The new website combines access to Justrite, Eagle, Checkers, and NoTrax brands, goods, and educational resources with those of three other Justrite Safety Group companies. To increase workplace safety across the nation, the new website will offer simplified access to essential safety products and educational materials to professionals in workplace safety across various industries.
News Media
ISO Tank Containers Market to Boom as the Demand for Crude Oil and Gas has Skyrocketed
The Oil and Gas Industry's Increased Adoption of Desiccant Air Breathers Will Drive Market Growth
Have a Look at the Related Research Report
Oil and Gas Separation Equipment Market: Information by Product (Two-Phase Separators, Three Phase Separators, Scrubber), Application (Onshore, Offshore), & Region — Forecast till 2026
Personal Protective Equipment Market: Classification by Type (Respiratory Protection, Protective Clothing), End-Use Industry (Manufacturing, Oil and Gas, Food) — Forecast till 2030
Canned Wines Market: Information by Type (Red Wine, White Wine, Sparkling Wine), Distribution Channel (B2B, B2C, Online Retail), and Region — Forecast till 2030
About Straits Research Pvt. Ltd.
Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision-making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter
