Global Can Opener Market Set to Reach USD 12.6 Million by 2033, Growing at a 5.2% CAGR

Can Opener Market

The global can opener market is poised for significant growth, with a projected market value of USD 7.59 million in 2023 and an expected compound annual growth rate (CAGR) of 5.2% from 2023 to 2033, bringing the total market value to USD 12.6 million by 2033.

The rising demand for canned food, including ready-to-eat meals, frozen meals, fish, poultry, fruits, and vegetables, is expected to drive the can opener market’s expansion. The simple yet effective design of can openers—offering convenience, portability, and ease of use—has made them a staple in both household kitchens and industrial settings. As more consumers gravitate toward packaged foods, can openers are becoming essential daily-use products across the globe.

Key Drivers of Market Growth

  • Consumer Preference for Packaged Foods: As more people opt for ready-to-eat meals and convenience foods, the demand for can openers is growing. Single-person households are especially contributing to this trend, as they require more packaged foods.
  • Innovative Product Developments: The market is witnessing a surge in advanced can openers, such as seamless contact models, auto-safety can openers, and electric or automatic can openers, designed to enhance convenience and improve user experience. These innovations are expected to drive further demand.
  • E-commerce Growth: The global penetration of e-commerce platforms is playing a pivotal role in the can opener market’s growth. Online shopping enables consumers to easily purchase products from retailers, reducing lead times and boosting accessibility.
  • Industrial Use and Heavy-Duty Models: Can openers designed for heavy-duty commercial applications are in high demand in the food processing industry, where businesses need to open hundreds or thousands of cans daily. This industrial market represents a significant portion of global demand.
  • Impact of COVID-19: The pandemic has seen a sharp rise in consumer demand for packaged food due to safety and convenience concerns. This has positively impacted the can opener market, as consumers prefer products that are easier to handle and store.

Key Players

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

Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com

Can Opener Market: Segmentation

By Basis of Product Type:

  • Manual
  • Electric

By Basis of Application:

  • Commercial
  • Household

By Distribution Channel:

  • Indirect
  • Distributors
  • Supermarkets
  • Specialty Stores
  • Online Platforms

Regional Analysis Includes

  • North America
  • Latin America
  • Europe
  • Middle East & Africa (MEA)
  • South Asia
  • East Asia
  • 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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