Monday, July 3, 2023

Textured Vegetable Protein Market Growth Opportunities by 2027

According to a research report "Textured Vegetable Protein Market by Type (Slices, Chunks, Flakes, and Granules), Source (Soy, Wheat, and Pea), Application (Meat Alternatives, Cereals & Snacks), Form (Dry and Wet), Nature and Region - Global Forecast to 2027" published by MarketsandMarkets, the global textured vegetable protein market is estimated to be valued at USD 1.4 billion in 2022. It is projected to reach USD 1.9 billion by 2027, recording a CAGR of 6.9% during the forecast period. Shifting demand patterns are guiding the change in the dynamics of the food & beverage industry across the globe. Developing regions are witnessing a transformation within the industry. Also, the growing urbanization and rising incomes, alongside the availability of innovative products and technology, have the potential to transform the bell curve of the market from price-sensitive to a quality-conscious consumer base. The younger demographic has shifted its attention towards nutrition content and brand value, increasing its willingness to experiment with products. Additionally, international travel and exposure to global products and brands have enhanced their awareness, very evident in their purchase choices and behavior.

Textured Vegetable Protein Market

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Food manufacturers in Europe have been focusing on new product developments concerning meat alternatives with better texture, appearance, flavor, and composition to attract more potential consumers.

The European market has been a strong region for textured vegetable protein. The changes in consumption patterns among consumers and manufacturers’ inclination toward developments in meat alternatives have been propelling the growth in the region. According to an article shared by Green Queen Media, in 2021, the number of vegans in Europe doubled from 1.3 million to the current estimated figure of 2.6 million, representing 3.2% of the population. The growing vegan population in western European countries, such as the UK, France, and Germany, showcase robust growth prospects for manufacturers seeking to focus on product developments to grow their product portfolios.

The market for textured vegetable proteins in Europe has been driven by its use in food applications, such as meat alternatives and bakery products majorly sourced from soy and pea. The emergence of newer manufacturers of various food applications has been adopting textured vegetable proteins as a viable substitute, resulting in a growing number of product launches in the region.

The extrusion technique used to provide texture and form to the textured vegetable protein have became popular.

Commercially, extrusion cooking is the only feasible continuous processing platform to obtain textured vegetable proteins. Emerging technologies such as the PowerHeater by the Source Technology (Denmark) involve thermal cooking rather than mechanical energy inputs to obtain moistened, soft plant-based textures. Certain technologies as shear-cell processing and cultured products exist, however the commercial viability of these technologies is still under the scanner. High-moisture extrusion technology is applied in the processing of textured plant protein meat analogs. Players across the supply chain are introducing technologically advance features to promote the textured vegetable protein market.

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Customizable flavor options and sizes adding to popularity of textured chunks among vegan consumers

Textured vegetable protein chunks are high in protein and are made from multiple sources, such as soy, pea, and wheat. They are used as a meat substitute, which is an ideal solution for vegans, vegetarians, and flexitarians. Textured vegetable protein chunks are offered in various forms, such as regular and mini chunks. They can be used in various food applications, such as plant-based meat and other consumer applications. They are made from de-fatted flour that is compressed and processed into chunks, which comprise 50% of the protein content. Chunks offered by textured vegetable protein manufacturers range from 2.7 mm to 23 mm in size. Textured protein chunks are also often consumed as a part of soups and stews due to their texture and can be substituted for meat with the availability of different flavor types.

The key players in this market include ADM (US), Roquette Frères (France), Ingredion (US), DuPont (US), The Scoular Company (US), Beneo (Germany), Cargill, Incorporated (US), MGP (US), Shandong Yuxin Biotechnology Co. Ltd. (China), Axiom Foods, Inc., (US), Foodchem International Corporation (China), PURIS (US), Kansas Protein Foods (US), and DSM (Netherlands).

Wednesday, June 28, 2023

Animal Disinfectants Market to Witness Unprecedented Growth in Coming Years

According to a research report "Animal Disinfectants Market by Application (Dairy Cleaning, Swine, Poultry, Equine, Dairy & Ruminants, and Aquaculture), Form (Liquid and Powder), Type (Iodine, Lactic Acid, Hydrogen Peroxide) and Region - Global Forecast to 2028" published by MarketsandMarkets, the animal disinfectants market is projected to reach USD 4.9 billion by 2028 from USD 3.4 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. The global demand for animal disinfectants is on the rise due to several factors. Increased focus on biosecurity measures to prevent the transmission of diseases among animals, particularly in livestock and poultry farming, has contributed to the heightened demand. Additionally, the persistent threat of zoonotic diseases has further emphasized the need for effective disinfection. As a result, the global market for animal disinfectants has experienced significant growth to meet these evolving demands.

Animal Disinfectants Market

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The iodine segment of the type segment accounted for the largest share of the animal disinfectants market in 2023 in terms of value.

The iodine segment of the animal disinfectants market has the largest share due to its effectiveness in killing a broad spectrum of microorganisms, including bacteria, viruses, and fungi. Iodine-based disinfectants have demonstrated strong antimicrobial properties, making them a preferred choice in animal healthcare and biosecurity. Additionally, iodine-based products are often considered safer and less toxic compared to some other disinfectant alternatives, further driving their projected growth in the market.

The dairy cleaning segment of the by application segment is projected to grow at the highest share of the animal disinfectants market from 2023 to 2028 in terms of value.

The dairy cleaning segment of the animal disinfectants market has the highest share due to several reasons. First, maintaining a clean and hygienic environment is crucial in dairy farming to ensure the health and productivity of the animals. Disinfectants play a vital role in eliminating harmful pathogens and preventing the spread of diseases within the dairy facility. Second, there is an increasing emphasis on milk quality and safety, as consumers demand high-quality dairy products. Effective cleaning and disinfection protocols are essential to meet these quality standards. Lastly, regulatory requirements and industry guidelines related to dairy hygiene also drive the demand for animal disinfectants in this segment.

The liquid segment of the by form segment is estimated to grow at the highest rate in the animal disinfectants market.

The liquid segment of the animal disinfectants market has the highest share due to several reasons. Firstly, liquid disinfectants are easy to use and have a wide application range, making them convenient for various animal facilities. Additionally, liquids can effectively penetrate surfaces and provide thorough disinfection. With the increasing emphasis on biosecurity and disease prevention, the demand for efficient and versatile liquid disinfectants is expected to grow, driving the projected rise in the liquid segment of the market.

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The Europe region accounted for the largest growing market, in terms of value, of the global animal disinfectants market in 2028.

The Europe region accounted for the largest market share in the animal disinfectants industry due to several key factors. Firstly, Europe has a significant presence of livestock and poultry farming, making it a major market for animal disinfectants. The region also has stringent regulations and standards for animal health and welfare, necessitating the use of high-quality disinfectants. Additionally, the growing awareness about zoonotic diseases and the importance of biosecurity measures has further driven the demand for animal disinfectants in Europe, contributing to its leading position in the market.

The key players in this market include Neogen Corporation (US), GEA Group (Germany), Lanxess  (Germany), Zoetis (US), Solvay (Belgium), Stockmeier Group (Germany), Kersia Group (France), Ecolab (US), Albert Kerbl GmbH (Germany), PCC Group (Germany), G ShepherdAnimal Health (UK), Sanosil AG (Switzerland), DeLaval Inc. (Sweden), Diversey Holdings Ltd. (US), and Fink Tec GmbH (Germany).

Tuesday, June 27, 2023

Agricultural Testing Market to Witness Unprecedented Growth in Coming Years

According to a research report "Agricultural Testing Market by Sample (Soil, Water, Seed, Compost, Manure, Biosolids, Plant Tissue), Application (Saftey Testing, Quality Assurance), Technology (Conventional, Rapid) and Region ( North America, Europe, APAC, Row) - Global Forecast to 2028" published by MarketsandMarkets, the agricultural testing market is estimated at USD 6.7 billion in 2023 and is projected to reach USD 9.8 billion by 2028, at a CAGR of 7.1% from 2023 to 2028. The demand for agricultural testing is rising globally due to several reasons. there is an increasing awareness and emphasis on food safety and quality. Consumers are more concerned about the potential presence of contaminants, pesticides, and other harmful substances in their food. This has led to stricter regulations and standards for agricultural products, driving the need for comprehensive testing to ensure compliance. Globalization and international trade have expanded significantly in the agricultural sector. Different countries have varying import requirements and regulations for agricultural products. Testing is essential to demonstrate compliance with these standards and facilitate smooth trade relationships.

Agricultural Testing Market

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The safety testing in application segment accounted for the largest share of the agricultural testing market in 2023 in terms of value.

Safety testing of agricultural samples includes testing for targets such as toxins, pathogens, heavy metals, pesticides, GMOs, and organic contaminants. The presence of contamination in soil, water, seed, compost, and biosolids can lead to contamination of the agricultural produce, which can lead to foodborne illnesses and cause several health issues on consumption by humans. Thus, significant emphasis has been laid on safety testing of agricultural samples, with focus on addressing loopholes in safety laws, implementing good agricultural practices (GAP), and also continuing research to determine the maximum residue limits for contaminants in food. Further, due to increase in apprehension among consumers toward GM content in food and introduction of GM labeling mandates and regulations on specific GM traits, GMO testing for seeds is also an emerging driver for this market. Also, due to the disposal of toxic chemicals in water bodies through untreated wastewater and effluents is a major concern for the agricultural sector as irrigation of agricultural land with this contaminated water can lead to soil toxicity and public health concerns. As a result, safety testing of agricultural samples has gained importance over the years.

The rapid technology of the technology segment accounted for the highest share of the agricultural testing market in 2023 to 2028 in terms of value.

Rapid technology is segmented into chromatography & spectrometry, PCR, ELISA, and X-ray fluorescence which are used to test and identify contaminants through different means. Rapid diagnostic tests provide results in a significantly shorter time compared to conventional methods. These tests employ techniques such as immunochromatography, lateral flow assays, or molecular-based methods like polymerase chain reaction (PCR). With rapid tests, agricultural professionals can quickly identify pathogens, contaminants, or diseases, allowing for swift decision-making and timely interventions. Rapid technology also enables testing to be conducted directly at the site of sample collection, eliminating the need to transport samples to a laboratory. Portable and handheld devices, such as biosensors or miniaturized PCR machines, are now available, enabling real-time analysis in the field. On-site testing reduces turnaround time, improves resource allocation, and allows for immediate actions to be taken based on test results.

The soil segment of the sample segment is estimated to grow at the highest in the agricultural testing market.

Soil sample testing enables precise nutrient management in agriculture. By determining the nutrient levels in the soil, farmers can apply fertilizers and soil amendments judiciously, avoiding overuse or underuse of nutrients. This targeted approach optimizes nutrient application rates, reduces fertilizer waste, and minimizes the environmental impact of excessive nutrient runoff. Effective nutrient management based on soil sample testing helps ensure sustainable agriculture practices, conserves resources, and reduces the risk of nutrient pollution in water bodies. Soil sample testing assists farmers in selecting appropriate crops and planning their planting strategies. Different crops have varying nutrient requirements and tolerances to soil conditions. By analyzing soil samples, farmers can identify which crops are best suited for their specific soil characteristics. They can make informed decisions regarding crop rotation, choosing crops that complement the soil's nutrient content and address any deficiencies. Soil sample testing aids in optimizing crop selection, diversifying farming systems, and maximizing the utilization of available soil resources.

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The Asia Pacific region accounted for the fastest growing market, in terms of value, of the global agricultural testing market in 2028.

Major growth drivers of the Asia Pacific include increased adoption of advanced biotechnological methods and organic farming resulting in a need for agricultural testing services, and an increase in the number of exports from the region, necessitating agricultural testing for the produce. Agriculture is one of the prime industrial sectors in several countries in the region, further driving the growth of the market. While many countries have successfully adopted farm mechanization techniques that are used for crop production, harvest, and post-harvest operations such as packaging and marketing to help improve the quality of produce, there are many countries which are yet to adopt such mechanized technologies in an all-inclusive manner. Although the region has been able to successfully implement positive changes in their agricultural methodologies, the region’s yields continue to remain stunted, mainly owing to the deteriorating soil quality and water quality, increased use of fertilizers to maintain increasing yields, and the extensive use of chemical pesticides. This drives the need to adopt quality analysis technologies.

This report includes a study of the marketing and development strategies, along with the product portfolio of leading companies. These companies include SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK), Bureau Veritas (France), ALS Limited (Australia), TUV Nord Group (Germany), Merieux (US), AsureQuality (New Zealand), RJ Hill Laboratories Limited (New Zealand), SCS Global (US), Agrifood Technology (Australia), APAL Agricultural Laboratory (Australia), Agvise Laboratories (US), LGC Limited (UK) and Water Agricultural Laboratories (US)

Probiotics in Animal Feed Market Growth Opportunities by 2028

According to a research report"Probiotics in Animal Feed Marketby Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets), Source (Bacteria, Yeast, Fungi), Form (Dry, Liquid), Function (Qualitative) (Nutrition, Gut Health, Immunity, Productivity) Region - Global Forecast to 2028"published by MarketsandMarkets, the probiotics in animal feed market is projected to reach USD 7.1 billion by 2028 from USD 4.6 billion by 2023, at a CAGR of 9.1% during the forecast period in terms of value. The market for probiotics in animal feed is experiencing growth due to the increasing demand for meat and meat products among the growing population.

Probiotics in Animal Feed Market

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Increase in demand for animal protein among consumers to drive the market growth of probiotics in animal feed

Probiotic offers solutions to enhance animal performance, improve animal health, reduce diseases risks, and align with the consumer preference for healthy and sustainable products. As livestock producers strive to meet the increasing demand of meat products, probiotics can play a vital role in optimizing the animal nutrition and wellbeing. In order to meet growing demand the livestock producers often rely on intensive production practices that might lead to various challenges such as stress, poor nutrition, and others. Probiotics, thus offers a potential solution by improving the gut health, increasing the nutrient absorption, and bolstering the immune system of animals. Thus, the demand for probiotics in animal feed could grow as livestock producers seeks to maximize productivity and optimize the health of animals.

By source, bacteria holds a significant market share during the forecast period

The most common microorganisms used as probiotics in livestock production are Lactic Acid Bacteria (LAB) from the genus Lactobacillus, Pediococcus, Lactococcus, Enterococcus, Streptococcus, and Leuconostoc. Nevertheless, only the genera Lactobacillus, Streptococcus, Pediococcus, Enterococcus, and Weissella are the most frequently used in poultry production.

Bacteria dominated the probiotics in animal feed market as a source. This is because the segment has been studied and researched up on since a long time. Bacteria as raw materials are largely commercialized in the market which makes bacteria-based probiotics more familiar to customers. Moreover, scientific factors such as better bile (acid) resistance as compared to yeast, lets the bacteria-based probiotic product reach intestine and colon, where it is the most effective. All the stated factors are fueling the growth of the bacteria segment in probiotics in the animal feed market.

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Asia Pacific to boost market growth during the forecast period

The Asia Pacific region is expected to play a significant role in boosting the market growth of probiotics in the animal feed industry during the forecast period. Asia Pacific has a rapidly growing livestock industry driven by population growth, urbanization, and increasing demand for animal protein products. Countries like China, India, and Southeast Asian nations have witnessed a substantial increase in meat consumption. As a result, there is a growing need for improved animal nutrition and health management, which fuels the demand for probiotics in animal feed.

The key players in this include ADM (US), Chr. Hansen Holding A/S (Denmark), Evonik Industries AG (Germany), Land OLakes Inc. (US), DSM (US), and Novozymes (Denmark). The study includes an in-depth competitive analysis of these key players in the probiotics in animal feed market with their company profiles, recent developments, and key market strategies.

Thursday, June 22, 2023

Growth Opportunities in the Food Grade Gases Market

The food-grade gases market is anticipated to increase rapidly, rising from a projected value of USD 7.6 billion in 2022 to an astounding USD 10.6 billion by 2027. Over the forecast period, this substantial growth is anticipated to occur at a CAGR of 6.9%. The food-grade gases market is seeing a surge in demand due to several key factors such as the increasing popularity of convenience food and carbonated drinks. Consumers are becoming more concerned about the safety of their food, which has resulted in food manufacturers turning to advanced packaging technologies like oxygen scavenging, MAP, CAP, and active packaging. These technologies create a controlled environment within the packaging, preserving the freshness of food products and reducing the need for additives while ensuring the quality of the food is not compromised.

Food Grade Gases Market

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Food-grade gas manufacturers find attractive opportunities for growth in the emerging economies of the Asia Pacific and South America. Due to the rising demand for frozen and packaged food products by the youth in these regions, the demand for food-grade gases is witnessing growth. Also, due to the developing retail channels and cold chain infrastructure and rise in disposable incomes and the number of working women, there has been a growing demand for convenience food products in these regions, which, in turn, results in an increased demand for food-grade gases. Also, because of the continuous new product launches and advancements in packaging technologies, there has been a growing need for food-grade gases for various end uses. These all pose as opportunities, thereby fueling the demand for food-grade gases, globally.

Challenges: Need to provide right mixture of gases in controlled environment packaging

The need to provide the right mix of gases in controlled environment packaging technologies such as modified atmosphere packaging and active packaging is a key challenge faced by packaging technology & equipment manufacturers. For example, ready-to-eat meals contain a complex mixture of ingredients that require the right mix of different gases to prolong their shelf-life; MAP packaging includes providing the right mix of gases in the packaging. The gases used in MAP include oxygen, nitrogen, and carbon dioxide. For example, in the packaging of meat products, the mix of 20% carbon dioxide and 80% oxygen is a good proportion that balances the attractive colour of meat and increases the visual appeal; any discrepancy otherwise can deteriorate the product quality.

Technological Advancements for Gas Sensors is one of the Major Trends

Toxic gas sensors play an important role in food production and control. Therefore, researchers have recently devoted significant attention to various gas sensing materials to achieve high-performance gas sensors. The prospects for the use of sensor technology in food production and monitoring are: (1) Development of simple sensors that operate at low temperatures and preferably Real time to save energy consumed during the monitoring process and the lifespan of the sensing material and accordingly, (2) the design of high-precision sensors to monitor the strategic stock of foodstuffs, especially C2H4 gas, to monitor the quality of stored fruits and vegetables and control their ripening. Researchers are interested in obtaining improvements in the sensitivity, selectivity, limit of detection, and operating temperature using a new mixture of nanomaterials that display different shapes.

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North America dominated the food grade gases market

Canada and Mexico witness the largest import of meat, fish, and seafood. In 2018, Canada was the largest export market for US agricultural products and accounted for 17% of the total exports. The major commodities exported to Canada are prepared foods, fresh & processed vegetables, fresh & processed fruit, meat & meat products, snack foods, certain non-alcoholic beverages, chocolate & cocoa products, condiments & sauces, coffee, wine, beer, and pet food.

Wednesday, June 21, 2023

Food Coating Market Growth Opportunities by 2028

According to a research report "Food Coating Market by Ingredient Type (Batter, Flours), Application (Bakery, Snacks), Equipment Type (Coaters and Applicators, Enrobers), Form (Dry, Liquid), Mode of Operation (Automatic, Semiautomatic) and Region - Global Forecast to 2028" published by MarketsandMarkets, the food coating ingredients market is estimated at USD 3.6 billion in 2023 and is projected to reach USD 4.9 billion by 2028, at a CAGR of 6.2% from 2023 to 2028.

Food Coating Market

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The food coating equipment market is estimated at USD 5.7 billion in 2023 and is projected to reach USD 7.7 billion by 2028, at a CAGR of 6.3% from 2023 to 2028.

Food coating refers to the process of adding a layer of coating or breading to food products, which can provide improved texture, taste, appearance, and preservation. The market for food coating is driven by several factors, including the growing demand for convenience and processed food products, increasing consumer preferences for crispy and crunchy food textures, and the need for extended shelf life of packaged food. The demand for convenience food products, such as frozen and ready-to-eat meals, has been on the rise. Food coatings are used to enhance the taste and texture of these products, thereby driving the market growth. The food coating equipment market is steadily increasing in North America and Europe and growing consistently due to established equipment manufacturers and the organized food industry.

The Cocoa & Chocolates in by ingredient type segment accounted for the largest share of the food coating market in 2023 in terms of value.

Chocolate and cocoa are crucial ingredients that are used to make a variety of products, including cereal, protein bars, dried fruits, and nuts. These components are frequently used to add a delightful chocolate flavor to bakery and confectionery items. Enrobing, panning, and dipping are the three main techniques for coating foods like caramel or almonds in chocolate. The centers that will be covered in chocolate are transported via a machine during the enrobing process. Chocolate is sprayed onto revolving centers that are put on pans during panning, and then the chocolate is solidified by air that has been cooled. The centers are dipped, then cooled after being submerged in molten chocolate.

The North America region accounted for the largest share, in terms of value, of the global food coating ingredients market in 2023.

The food coating ingredient market in North America is witnessing substantial growth, primarily fueled by the thriving food processing industry. Furthermore, the region's rising health concerns, including obesity and heart ailments, have led to a heightened emphasis on consuming healthy products such as low-sugar breakfast cereals. In response to this demand, food coating ingredient manufacturers have introduced products with reduced sugar content and allergen-free formulations. These factors have provided a significant boost to the North American food coating ingredient industry.

The North American food coating market is experiencing robust expansion, driven by various factors. One of the key drivers is the increasing demand for convenience foods, which arises from evolving lifestyles and busy schedules. Consumers are actively seeking quick and easy food options that align with their time constraints. Food coatings play a crucial role in enhancing the appeal of convenience foods by adding layers of flavor and texture. Additionally, these coatings aid in preserving the freshness and quality of products during transportation and storage, contributing to their popularity in the market.

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The Asia Pacific region accounted for the largest share, in terms of value, of the global food coating equipment market in 2023.

The Asia Pacific area is poised to become the largest market for food coating equipment. This expansion is being fueled largely by causes such as the region's growing industrialization, rising demand from numerous applications, and government measures to assist food producers and processors in modernizing their technology and processes. Many multinational corporations are creating manufacturing facilities, distribution centers, and research & development centers to capitalize on the promise of these expanding markets. Due to favorable government backing and cheap labor costs, India is likely to enjoy tremendous development, drawing investments from global firms. Small and medium-sized equipment manufacturers in the Asia Pacific area mostly supply semi-automatic coating equipment, responding to the rising demand from diverse end-use applications in countries such as China, India, Indonesia, and other Asian nations, driving the expansion of the coating equipment market in the region.

Major key players operating in the food coating market Cargill Incorporated (US), Kerry Group plc. (Ireland), ADM (US), Ingredion (US), Newly weds Food (US), Associated British Foods PLC (UK), Tate & Lyle (UK), Solina (France), Idan Foods (US), POPLA International, Inc. (US).

Tuesday, June 20, 2023

Food & Beverage Metal Cans Market Growth Opportunities by 2028

According to a research report "Food Beverage Metal Cans Market by Material (Aluminum and Steel), Type (2-Piece and 3-Piece), Degree of Internal Pressure (Pressurized Cans and Vacuum Cans), Application (Food and Beverages), and Region - Global Forecast to 2028" published by MarketsandMarkets, The FB metal cans market is estimated at USD 33.0 billion in 2023 and is projected to reach USD 46.2 billion in 2028, at a CAGR of 7.0%. Metal cans are used in the packaging of food and beverages along with other consumer goods like aerosols, paints, etc., as it maintains the product shelf-life. They are typically cylindrical containers that can be customized in terms of appearance by end-consumer manufacturers. The key driver for the FB metal cans market is the increase in the demand for convenience food items. With more and more people embracing a healthy lifestyle, the demand for fresh and canned foods have increased, which fuels the need for metal cans for food beverage application.

Food  Beverage Metal Cans Market

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The high demand for canned food drives the market

Canned foods are minimally processed food that is ready-to-eat or ready-to-cook food. Consumers are demanding more of this processed food as it can be stored easily and has a longer shelf-life. Functional and processed foods are packed in special ways into different metal cans which keeps the taste and texture of the food intact. Additionally, the convenience of foods packed in cans increases its demand in the market.

The growing popularity of aluminum is projected to boost the material segment.

Most aluminum cans are made of two pieces, the can is produced from one metal piece and the manufacturing process is called drawing and wall-ironing. These cans are light in weight as compared to that other metal packaging materials and are recyclable. Aluminum is abundantly available in nature and is cost-effective. This helps in reducing the overall production cost. Most of these aluminum cans are single-use cans and wisely have their application due to enhanced malleability properties. The only issue that arises is in terms of the recyclability of aluminum cans which are prepared with a combination of aluminum and magnesium. During the recycling process, the mixture is not fully utilized.

The increasing trend of 2-piece cans in food and beverage application is set to dominate the market during the study period

Two-piece cans are made from a disc of metal which is formed into a cylinder with an integral end. 2-piece cans are produced by molding a single piece of material into a can-shaped body with an integral end and seamed lid. These cans are designed mainly to keep the taste, texture, and flavor of the food inside fresh and sterile. These cans provide excellent sealing and require less raw material for production. 2-piece cans are primarily used to pack instant food without going through the thermal processing step in manufacturing.

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Asia Pacific provides the highest growth prospects for the FB metal cans market in 2023

Asia Pacific is a highly diverse market in terms of metal cans manufacturing and consumption. The Asia Pacific FB metal cans market is expected to grow at a significant rate. The region comprises two densely populated regions India and China, which are dominated by an increase in the consumption of packed drinks and food products. The Asia Pacific region is estimated to account for the largest share in the dairy beverage market, and the demand for liquid dairy products is driven by economic growth, urbanization, and the rise in purchasing power of consumers. These countries are also offering key players to expand their reach in the FB metal cans market by providing a vast customer base, the focus of the companies operating in the market is shifting towards establishing business and manufacturing facilities, which drives the market in the region. The prime factor contributing to the growth of FB metal cans in the region is the growing adoption of metal cans to meet the intensifying food packaging demand and escalating population. Additionally, key players like Crown Holdings, Inc. (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), and others have a strong presence and market share in the region, which further boosts the FB metal cans market in the Asia Pacific.

Key players in this market include Crown Holdings, Inc. (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CCL Container (US),  Can Pick S.A (Poland), Kian Joo Group (Malaysia), CPMC Holding (China), Envases (Spain), Toyo Seikan Group Holdings, Ltd (Japan), Universal Can Corporation (Japan), Independent Can Company (US), VISY (Australia), Mauser Packaging Solutions (US), Lageen Food Packaging (Israel), Massilly Holdings S.A.S (France), P.Wilkinson Containers Ltd (UK), Kingcan Holdings Limited (China), Muller and Bauer GmbH (Germany), Jamestrong Packaging (Australia).