The food & beverages industry has remained one of the most prominent end-use industries as far as the adoption of Bisphenol A (BPA) cans is concerned. Bisphenol A is extensively used for packaging of canned foods. However, over the past decade, due to a range of factors, including growing consumer awareness pertaining to the harmful nature of BPA, scientific evidence that indicate the toxic nature of BPA, along with the evolving regulatory landscape, BPA free products, including BPA free cans, have gained considerable demand around the world. Due to additional pressure applied by regulatory authorities, manufacturers involved in the current market landscape are increasingly leaning toward producing BPA free cans.
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Evolving consumer patterns across the food & beverages industry indicate that the demand for canned food products and beverages has witnessed consistent growth over the past few years, which in turn, has directly influenced the demand for BPA free cans. Growing consumer concerns pertaining to exposure to BPA is a major factor that is expected to drive the BPA free cans market during the forecast period. In addition, evidences supporting the link between BPA and obesity in children is another factor that has led to a considerable demand for BPA free cans– a trend that is expected to influence the growth of the BPA free cans market.
While the food & beverage sectors is expected to spearhead the demand for BPA free cans during the stipulated timeframe of the study, a surge in demand from the cosmetics and pharmaceutical sector is anticipated. At the back of these factors, along with continual research & development activities, the global BPA free cans market is expected to expand at a significant rate during the forecast period. While governments across the world have not enforced bans on BPA cans or packaging, manufacturers are increasingly shying away from using BPA due to the dwindling demand for products with BPA.
High Demand for BPA Free Alternatives from Food & Beverages Sector to Provide Lucrative Opportunities
At present, participants involved in the food & beverages sector are swaying away from using BPA in their packaging solutions. Nearly 90% of the cans used across the food & beverages sector are BPA free as per the Can Manufacturers Institute. The growing demand for food safety is a leading factor due to which, food companies are primarily switching to using BPA free cans. In addition, participants operating in the food & beverages sector are increasingly focusing on BPA free cans to improve the quality of packaging and increase consumer trust and safety.
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At the back of the dwindling demand for BPA cans, an array of new materials, including acrylic, polyester, steel, and aluminum have emerged as top contenders to replace BPA. Regulatory agencies are largely focusing on testing the safety aspects of these materials to ensure that optimum quality in food products is maintained. Although the Food and Drug Administration (FDA) has not deemed BPA unsafe for use, several research activities have indicated that BPA could lead to an array of problems in the neurological, reproductive, and immune systems of humans.
Consumer preferences indicate a strong shift from BPA products and the trend is likely to continue during the forecast period. Sensing widening opportunities to capitalize on the BPA free fad, an array of companies have entered the BPA free cans market due to which, competition across the global BPA free cans market has increased by a considerable margin. In addition, due to research, a new epoxy is likely to replace BPA from food cans– a factor that is expected to boost the growth of the global BPA free cans market during the assessment period.
Demand from Pharmaceutical Sector Likely to Grow amid COVID-19
The advent of the ongoing novel COVID-19 pandemic is expected to have a short-term impact on the growth of the global BPA free cans market. Due to stringent guidelines enforced by governments around the world, particularly in second quarter of 2020, barriers across the supply chain have disrupted the supply chain of BPA free cans market around the world. In addition, restrictions on cross-border trade and transportation are other factors that have negatively affected the overall operation across the BPA free cans market amid the COVID-19 pandemic.
While the demand from the food & beverages sector is likely to remain lower than initial projections, the pharmaceutical sector is likely to provide lucrative opportunities to market players operating in the BPA free cans market. Market players are projected to focus on product diversification and explore opportunities in various industrial sectors to mitigate losses due to the COVID-19 pandemic.
