21 November 2019 - 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.
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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.
Market Segment:
Metal Cans Product
Outlook (Volume, Million Cans; Revenue, USD Million, 2012 - 2020)
• Beverages
• Carbonated Soft
Drinks
• Alcoholic
Beverages
• Fruit and Vegetable
Juices
• New Drinks
• Foods
• Vegetables
• Fruits
• Soups and
Miscellaneous Foods
• Other Foods
Metal Cans Region
Outlook (Volume, Million Cans; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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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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