According to the recent research report titled ‘Global Can Seamers Market Size study, by Product Type (Automatic, semi-automatic), by Application (Food, beverage, others), and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global can seamers market was valued at USD 495.8 million in 2020 and is expected to expand at a CAGR of 4.5% over 2021-2027, subsequently amassing USD 674.72 million by the end of the forecast period.
 

Global can seamers market growth can be credited to rising consumer awareness of health and wellbeing, as well as increased demand for food & beverage items. Besides, the market is likely to benefit from rising demand for metal cans as well as increased demand for canned goods.
 

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For the unversed, a can seamer is a machine that seals the lid to the body of the can. The seam that is formed is usually leak-proof, however, this depends on the substance that is being canned. Mechanically interlocking the two layers to form a hook creates the seam.
 

Notably, food & beverage retail sales in the United States are increasing year after year. In 2020, total revenue from the sector totaled USD 18.72 million and reached USD 21.32 million in 2021, with estimations of USD 25.65 million by 2025. This continual growth in the food and beverage business will act as a major propeller for the industry.
 

Despite the positive outlook, availability of low-cost substitutes for aluminum cans is anticipated to hamper the industry’s remuneration over the study period.
 

Elaborating on geographical terrain, Asia Pacific leads the industry growth owing to changes in middle-income people's lifestyles and dietary preferences, and restrictions on the use of plastic in countries like India and China.
 

Europe is expected to register a robust compound annual growth rate over the forecast period, creditable to the expansion of the food and beverage industry in countries such as Italy, the United Kingdom, and Germany.
 

Coming to competitive landscape, Pneumatic Scale Angelus, JK Somme, Shin I Machinery Works Co. Ltd., Montajes Conserveros de Galicia S.L., Ezquerra Group, JBT Corp., Dixie Canner Co., Innovus Engineering Ltd., Bubber Machine Tools, and Ferrum Ltd. are the top companies impacting global can seamers industry dynamics.