Global Metal
Cans Market is foretold to provide a
robust support for industry players to lay a solid foundation for their
business growth. It includes a comprehensive evaluation of the industry growth
status and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
Metal Cans Market study
offers detail overview of industry with all the requisite data to support
tactical business decisions and come up with strategic growth plans. This study
also proposes a comprehensive insight into the development policies and plans
in addition to manufacturing processes and cost structures.
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The global Metal Cans
Market is estimated to reach USD 52.83 billion by 2020. Metal cans are
packaging equipment that aid in facilitating the storage and distribution of
food and beverages. These can are commonly made of steel or aluminum and are
available in several sizes and shapes depending upon their application. Basic
round cylindrical cans are the most common type of cans. These metal can are
robust and portable thus require less space and enable easy tracking. Can use
for beverages can be chilled in no time and remains cold for longer period
thereby driving the growth of such packaging over the forecast period. These
cans are lined with synthetic material to prevent any chemical reactivity with
the substances it contains.
Rising concerns regarding
the environmental imbalance have stimulated the sizeable interest in the
adoption of metal cans. Large numbers of packaging companies in the food and
beverage industry have exhibited an increased adoption of the product to
prevent the spoilage of food and beverage products. Increased adoption of
technological innovation and environmentally friendly products propelled the
market growth significantly over past few years.
The global metal cans
market is expected to witness a remarkable growth over the next eight years due
to increasing demand for the product. The increasing demand for convenience
food has given a boost to the growth of the global market. Furthermore,
increase in discretionary income of the consumers leading to lifestyle changes
is expected to impact the growth of package food items which in turn is
expected to stimulate the growth of global metal can market. Superior
recyclability and reusability of the product are expected to give an extra edge
to remark their growth in global markets. These metal cans are divided into
various product categories such as beverages, food, paints and aerosol sprays
for automobiles and other products.
The product is used for
packaging of canned vegetables, fruits, juices, baby food, meat poultry as well
as miscellaneous and other items in the food industry. However, the global
beverage industry dominates the volume consumption of global metal can on
account of a wide range of products and high consumption. Competitive market
leading to product differentiation through sizes and innovative shapes is one
of the major factors leading to the growth of beverage industry further leading
the growth of metal can industry.
In terms of geography, the
global metal can market can be segmented into North America, Europe, South
& Central America, Asia Pacific and Middle East & Africa. Europe
dominates the metal can market in terms of revenue due to high levels of consumption
of canned food and beverages. High growth rate of the product in the Asia
Pacific region can be attributed to the emergence and rapid economic
development. Rising population base of youngsters coupled with high
discretionary income is anticipated to propel the demand for food and beverage
cans in the coming years.
The growth of food,
beverage and automotive industry coupled with ever increasing population base
in the economies of India, China, and Japan is expected to fuel the demand for
the product over the forecast period. easy availability of economical labor and
raw material in India and China makes Asia Pacific one of the most attractive
markets for food, beverage, and automobile manufacturers thereby resulting in
an increased consumption of metal cans. In addition, the increase in production
as well as consumption in the region owing to increasing population
requirements is a key factor for the growth of metal can market in the Asia
Pacific region.
Key players in the global
can market are CPMC Holdings Ltd., Amcor Ltd., Crown Holding Inc., Ardagh
Packaging Group Plc., Crown Holdings Inc., Ball Corporation., Sonoco Phoenix
Inc., Kian Joo Group, Rexam Plc. and BWAY Corporation. The production levels of
these manufacturers are very high as they cater the requirements of FMCG
industry. Acceleration of production cycle coupled with minimization of waste
is some of the major initiatives taken up by the global manufacturers. The
companies are involved in the development of advanced products and technologies
exemplified by the deployment of blow molding shaping by Crown Holding’s Inc.
by premium brands such as Heineken and Crosse & Blackwell.
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