The technological advancement in self-chilling can, which gives consumers on-demand chilled beverage anywhere, will help boom the self-chilling can market globally. Moreover, rapidly growing food and beverage industry along with significantly growing packaging industry will hit the demand of self-chilling can over the forecast period. Significantly growing hospitality industry and rapidly growing food services in movie theaters will help in the growth of global Self-chilling Can Market at a rapid rate.
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The beverage industry, since quite a few years, has been looking for technological development that would enable them to provide cold beverages on demand. Self-chilling can will be helpful in areas having limited refrigeration. It can also be used during camping, boating and fishing activities. Local retailers across the globe are focusing on delivering cold beverages to their consumers selling products with self-chilling can. In self-chilling can, Heat Exchange Unit (HEU) is built in the self-chilling can that helps to lower the temperature of the beverage within minutes. Prominent manufacturers of self-chilling can are now providing environment safe reclaimed Co2 in the heat exchange unit.
On the other hand, macroeconomic factors such as import and export taxes exemptions by the governments such as free trade agreements between European Union and Japan, developing countries of China, India, and Indonesia and increasing per-capita income will fuel the self-chilling can market growth across the globe. The key restraining factor such as government regulations on the product material as well as high labor wages on the manufactured products across North America region will hinder the self-chilling can market growth.
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Joseph Company International Inc. launched self-chilling can product (Chill-Can) and plans to set-up a plant worth US$ 20 Mn in Youngstown, Ohio to produce only self-chilling can products. The product brings revolutionary changes to the beverage packaging industry and delivers high experience and comfort to consumers. Joseph Company International Inc. is also planning to provide self-chilling can products to military, cosmetics and athletics. Joseph Company International, Inc. has made a partnership agreement with Heineken, a beer producer company to supply its beer products in self-chilling cans.
Rapidly growing e-commerce industry will help to increase the supply of self-chilling can products across the globe. Moreover, developing economies such as India and China is estimated to witness high consumption of consumer goods due to significant growth in urban populations and high investment by the prominent e-commerce players such as Walmart, the largest retail chain in U.S. invested approximately US$ 16 Bn amount in Flipkart, India based e-commerce Company. With this high investment, the company will expand its business to food and beverages segment which will help to grow self-chilling can market.
Self-chilling can has been tested by the (EPA), NASA and U.S. Army regarding its harm to the environment after the self-chilling can disposal and found that it contains eco-friendly reclaimed Co2 in HEU and the self-chilling can is 100% recyclable.
Prominent beverage producing companies are excited to launch their product in this self-chilling cans to deliver more comfort and ease of consumption of their products with the help of self-chilling cans during outings. For instance, 7-Eleven entered into a partnership agreement with Joseph Company International, Inc. and launched their cold brew coffee products (Fizzics) in the self-chilling cans. Consumers will no longer need a refrigerator to drink their beverages. It is portable and can be consumed after three minutes by twisting self-chilling cans.
Tempra Technology Inc. in partnership with Crown Holdings, Inc. developed a self-chilling can (chillable can) which uses no gases, unlike the Joseph Company variant. The self-chilling can is able to cool the content in 3 minutes and manufactured under license by Crown Holdings, Inc.
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