Can Opener Market is Projected to Exhibit a CAGR of 5.2% from 2023 to 2033 | FMI

The most obvious features of can opener such as convenience, ease of handling, portable, little efforts, less messy and finer work, makes can opener the product of everyday life.

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There are different types and models of can opener available in the market for both household and commercial applications ranging from moderate to ultra-high prices, which is further anticipated to boost the demands for can opener market.

Manufacturers are also providing heavy duty can openers for commercial applications that are ideal for food processors and heavy users who open from 300 – 2000 cans per day.

All these factors, brings plentiful of opportunities for can opener companies and distributors to market and capture untapped regions of the globe.

Additionally, rising e-commerce penetration globally stimulating the growth of can opener market, as these online platforms allows retails as well as consumers to sell or buy many products at once and thus, in turn, reduces overall lead time. All these factors are likely to propel the demand for can opener market across the globe.

Can Opener Market: Dynamics

Consumer inclination towards packaged food and rapid penetration of food and beverage industries across the continents are of the prime factors that accelerate the can opener market growth up to a great extent.

Moreover, an increase in the number of single person home across the globe, boosted the demand for more packed food which in turn driving the global can opener market positively.

There is a key trend adopted by the players to provide more convenient and handy can openers to the customers such as smooth touch can opener, auto safety can opener, electric & automatic can openers further projected to drive the can opener market across the globe.

The high prices and lack of awareness of these automatic can opener compared to manual ones are not affordable for small food processors and also for household tasks which could emerge as the market restraint for can opener up to certain extent.

Moreover, in these uncertain and crucial periods of COVID-19, consumer goods sector shining out differently as people are opting for more packaged food products which has shown somewhat good impacts on the global packed food sector.

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This mainly due to people are finding, the advantages such as, limited handling of the products inside the packets and the packets could be easily sanitized at home. This is expected to register new opportunities for can opener market in the pandemic period.

Can Opener Market: Regional Outlook

Based on the geography, the can opener market is categorized into North America, Latin America, Europe, East Asia, South Asia, MEA and Oceania.

Developed countries of North America and European region are anticipated to be a momentous shareholder of the global can opener market during the forecast period.

Striking adoption of can opener and adequate presence of prominent manufacturers in the regions is bolstering the demand for can opener.

The consistent expansion of food and beverage industries and booming e-commerce in South Asia and East Asia regions is likely to fuel the demand for can opener in the coming years.

Moreover, key players in the can opener are penetrating their presence in Latin America and Middle East & Africa as these region provide opportunities owing to increasing disposable income to some extent. Oceania is projected to register the notable market growth owing to sufficient presence food and beverage industries in the region.

Can Opener Market: Key Players

Some of the leading can opener manufacturers are Helen of Troy Limited (OXO), Hamilton Beach Brands, Inc., Kuhn Rikon International, Edlund Company, LLC, Inter IKEA Systems B.V., Kitchenaid International, Sammic S.L., Bergner Group, and other local can opener manufacturers.

Regional Analysis Includes:

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