The research report on the global market for food and beverage metal cans offers a comprehensive analysis of the market, which helps in studying the key factors expected to influence the market positively and negatively. The report further talks about the product portfolios of major players, major geographical segments, competitive scenario, and recent development in the market. It also provides the major growth factors, barriers, and current trends in the market.
According to the research report, the tremendous demand for beverages worldwide and increasing disposable income of the population in developing economies are some of the major factors driving the global market for food and beverages metal cans. In addition, the growing packaging industry across the globe is further anticipated to boost the demand for metal cans in the next few years.
The research report has included insightful recommendations from industry experts to help the key players and decision-makers in the market in designing their business policies effectively. The report further educates the readers regarding the major business strategies that are being adopted by the key players to enhance their market penetration. The use of analytical tools has been made in the research report to analyze the major growth factors, opportunities, and threats of the global market for food and beverage metal cans. Moreover, the estimated statistics of the market have been presented in the research study.
Overview of the Food and Beverage Metal Cans Market
The metal cans manufacturing industry witnessed substantial growth in the early 1990s, owing to the several improvements that were implemented in metal can manufacturing and the increasing cost of other materials that were used in the packaging industry. In addition, the cost reductions in metal can manufacturing and the rising demand from the developing market in Asia Pacific opened new opportunities for the market players. As a fact, metals can be recycled easily and used again by melting the waste, which has further added to the popularity of the market. Currently, the global market for food and beverage metal cans accounts for a 70% share in the overall metal packaging market across the globe.
Among the several materials that are used for packaging, including cardboard and reinforced paper, glass bottles, metal packaging, polymer packaging, and others, the metal can segment hold a substantial share in the global market. Metal cans are available in different forms, depending on their usage such as canned food, beverages, pet food, and others.
The major players operating in the global market for food and beverage metal cans are taking constant efforts to enhance and innovate their products. Initially, tin was used for metal can production, but was later replaced by aluminum and steel. The use of these two metals resulted in satisfying the hygiene and safety concerns about packaged food, leading to increased demand for metal cans in the global market.
Companies mentioned in the research report
Some of the prominent players operating in the global market for food and beverage metal cans are Rexam Plc., Alcoa Inc., Sonoco Products Co., Toyo Seikan Kaisha Ltd., Ball Corp., and Can-Pack S.A. The increasing competition among the leading beverage companies has resulted in customization of metal cans to boost sales and create a niche in the global market.
Key Segments of the Food and Beverage Metal Cans Market
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments