As per the research conducted by future market insight, the global self-chilling cans market is expected to account for US$ 46.8 million by the year 2023 and is further expanding at a CAGR of 5.3% to reach a valuation of US$ 78.4 million by the year 2033. The sales of the self-chilling cans market are anticipated to bolster with the top 5 companies projected to hold around 45-50% of the market in 2023.
Based on the material segment, self-chilling cans are expected to create substantial growth opportunities in the global market due to their environmentally friendly self-chilling beverage can being 100% safe. The self-chilling cans market is anticipated to grow 1.3x during the forecast period.
|
Market Size 2023 |
US$ 46.8 million |
|
Market Size 2033 |
US$ 78.4 million |
|
Value CAGR (2023 to 2033) |
5.3% |
|
Collective Value Share: Top 3 Countries (2023E) |
35-40% |
the self-chilling cans market revenue totaled US$ 44.7 million in 2022 with the propelling demand for food & beverage, medical, sports medicine, the self-chilling can market is projected to reach US$ 46.8 million by 2023.
The self-chilling cans market is estimated to experience a positive growth outlook during the forecast period. A new forecast anticipates self-chilling cans market sales will rise during 2022-2033 and is projected to generate an attractive incremental growth opportunity of US$ 33.7 million.
the rising number of food & beverage has surged a demand for self-chilling can. The self-chilling can market is anticipated to expand 1.2 times the current value during the forecast period.
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The self-chilling can market is witnessed a CAGR of 4.7% during the historic period with a market value of US$ 35.5 million in 2017 to US$ 44.7 million in 2022.
The self-chilling cans are ingenious beverage packaging solutions, with the ability to maintain the temperatures below a pre-fixed range, cans are stored at ambient temperature, the self-chilling can, with its ability to cool the drink into various temperature, gives the consumer the ability to enjoy their drinks at the state they want. The product is designed to provide instant, portable, safe, long-lasting thermal technology.
The self-chilling can have been tested by the EPA (Environmental Protection Agency) regarding its harm to the environment after the self-chilling can disposal found that it contains eco-friendly reclaimed CO2 in HEU and the self-chilling cans are 100% Recyclable. And self-chilling cans are advanced designs that utilize the latest breakthrough in thermal, insulating, and vacuum heat pump technology.
The market of self-chilling cans is expanding, Can’s™ innovative design is 100% safe, the self-contain I.C. can Can’s™ uses no carbon dioxide or any other compressed gas, over 70 years the beverage industry try to develop technology that safely embedded inside beverage can container order deliver to a ‘chill on demand’ beverage, consumers in the area with a limited refrigeration, participants in activities such as a camping, boating, etc.
Self-chilling can is a new technology and it provides cool products on demand, cause the cooling effect regulated over endothermic desorption of carbon dioxide previously absorbed in activated carbon and acquire the potential to be applied to any type of product that needs to be cooled to, Proprietary engineering creates a temperature drop proven to reduce the I.C. Can’s™ contents by a 30° Fahrenheit(16.7°C) in just three minutes. no refrigeration or ice is required to enjoy a cold-drinks.
Cold refreshing drinks makes consumer satisfied and feel as if their thirst for drink quenched forever, due to the consumer having ever busy-lives, consumer finds themselves buying multiple energy drinks Because they are not able to keep their drink chilled while move one place to another place, consumers of drink, such as long-distance drivers, are normally left frustrated when their energy drinks warm in socially during summer, the can have an outer steel casing, which make is acts as an insulator and cushioning the drink form acquiring heat. The inner side of the can is made up of aluminium. And this is the factor boosting the demand for self-chilling cans.
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In a product system and assessment, the potential environmental impact of self-chilling beverages can system with a conventional advance to delivering cold beverages from chilled retail storage, the study particular to identify scenarios in which self-chilling can show a more advantage over the conventional system,
The system includes production, and end-of-life aspects of the cans, which are supposed to be manufactured in California (USA), the AC is assumed to produce in Indonesia and transported to California, and the heat exchange unit a large proportion of the can must be recovered after use, so the outer steel can and inner aluminum can be separate for recycling.
A Growing population and many people want a chill brew after purchasing the brewing cans, these contribute to larger quantities of refrigeration which increases electricity cost self-chilling cans will reduce the need for freezing drinks before usage thereby cutting the cost of electricity and don’t need to carry ice bags or any chilling materials.
The Consumer can purchase self-chilling cans and they can enjoy the drinks while traveling over long distance because it does not require any refrigeration and self-chilling cans are 100% safe and recyclable. who often fail to get chilled bottles during summer can now say cheers, and the new technology would be better for the environment than badly maintained drinks dispensers, the self-chilling can market has new opportunities and growth prospects,
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In a self-chilling can there is a two types of activation one is push-button activation and second is twist activation, twist activation requires a simple clockwise twist to activate ,where a button required a slightly more pressure push out the button which left people confused on how much pressure they needed to apply to activate, twist activation resulted in a better engineered system that required fewer point during manufacturing, growth opportunity self-chilling cans market on its various benefits, the target is anticipated to expand 1.7 times the current market value during the forecast period.
The demand self-chilling cans such as Alcoholic beverages and Non-alcoholic beverages is expected to generate a high demand for self-chilling cans market, and the produce beverages by application is projected to offer a growth opportunity for a self-chilling cans market. The target segment is estimated to grow 1.1 times the current market value during the forecast period.
According to the snapshot survey published by The Aluminum Association 2021, demonstrating the ongoing sustainability advantage of the aluminum beverage compared to competing packaging type, aluminum beverage can also contain anywhere from 3X to 20X more recycled content that glass that glass or PET bottles are far more valuable scrap, making aluminum a key driver of the financial viability of the recycling system in the United-States,
The Aluminum makes the only beverage that is infinitely recyclable. Easy-to-stack and lightweight cans are also super-efficient to ship and store, and consumers prefer safe and eco-friendly cans. With an increase in aluminum cans and beverages in the country. The self-chilling cans market is ready to take a deep dive into application.
As per data published by the International Aluminum organization in 2022, commissioned research into the recycling of three beverage materials - aluminum, glass and plastic, polyethylene terephthalate (PET), shows that aluminum cans best support a circular economy, compared with aluminum cans a recycled into a new can,
As per the data provided 70% of aluminum cans is recycled, the new products of self-chilling cans are made up of 95% of aluminum and 5% percent of plastic, both of which are 100% recyclable.
The leading players operating in the self-chilling cans market are trying to expand their sales presence and resource through acquisitions and partnership strategies, and they are developing a product to meet a customer needs. Some of the recent development by the key players as follow
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.3% |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million, Volume in Units and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Mechanism type, Capacity type, Application type, Region |
| Regions Covered | North America; Latin America; South Asia & Pacific; Western Europe; Eastern Europe; Russia & Belarus; Balkan & Countries; Baltic countries; Middle East and Africa; East Asia; Central Asia |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Australia & New Zealand, China, Japan, India, GCC countries, South Africa |
| Key Companies Profiled | Tempratech Technology; The Joseph Company |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global self-chilling cans market was US$ 44.7 million
During the forecast period, the global sell-chilling cans market is anticipated to expand at a CAGR of 5.3%.
The global self-chilling market is expected to reach US$ 46.8 million by the end of 2023
During the forecast period, alcoholic beverages is likely to be fastest-growing application segment in the self-chilling can market.
Twist activation segment will garner significant value by 2023
the joseph company.inc, Tempra Technology.Inc, some of the key player supplementing the self-chilling cans market.
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Self-chilling Cans Market
