The Food & Beverage Metal Cans Market is expected to grow at a considerable CAGR on a world scale, over the forecast period. It has seen a linear growth since the past two decades. Increasing raw material costs and several disruptive innovations in the metal can manufacture industries helped in triggering positive shift in market dynamics. The improved manufacturing processes led to less production cost, while the simultaneous increase in demand from emerging markets reaped manifold profits for the suppliers. Key driver for this market is the convenience in shapes & sizes, various applications, and overall hygiene compared to its alternatives. The rising demand for recycled metal cans is also driving this market exponentially. Canned foods are marketed with novel packaging, have added nutrients, and priced reasonably; which is proving to be conducive for market growth.
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/food-beverage-metal-cans-market
Frequent product innovations and burgeoning demand in developing nations will open new avenues for this market on the forecast horizon. On the other hand, factors like prerogative given to plastic packaging, immense competition for recycled cans, and strict regulations pertains to the use of Bisphenol – A are restraining market growth. Mature markets in developed countries, perpetually increasing costs of raw materials and the impending threat of plastics completely replacing metal cans is challenging the market growth. Regulations pertaining to food & metal cans include Food Safety and Standard Authorities of India (FSSAI), EPA, EU and Nordic Guidelines, and US FDA. The market ecosystem consists of metal sheet manufacturers, metal refiners, metal can manufacturers, regulatory authorities, recycling associations, suppliers and distributors, and finally the end users. It is thus a horizontal market with various downstream vertical businesses.
The food & beverage metal cans market is segmented on the basis of application, material, can type, and the geographical region. The segments based on application are food and beverages. These are further classifies as meat & seafood, fruits & vegetables, pet food, convenience food, and other food products. The beverages segment is categorized as carbonated soft drinks, alcoholic beverages, sports and energy drinks, and other beverages. Manufacturing materials are steel and aluminum. The can types include 2-piece cans and 3-piece cans. The geographical regions for this market are Asia Pacific, Europe, North America, and Rest of the World (RoW).
Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/food-beverage-metal-cans-market/request-sample
The beverages segment currently leads the market and is projected to dominate in the forecast period too. This can be attributed to the rise in demand for customized cans for alcoholic drinks, energy drinks, carbonated soft drinks, and juices. On the other hand, metal cans for fruits & vegetables are expected to reach the high water mark in terms of CAGR over the forecast period, as canned fruits & vegetables have better shelf life. Aluminum is expected to be in great demand for canning technology in the forecast period owing to superior properties like chemical inertness, better resistance to corrosion, impermeability, and lighter weight. While 2-piece cans segment is growing at a phenomenal CAGR.
North America currently holds the largest market share due to high demand for carbonated soft drinks, stress on reusable properties of metal cans, and the stronghold of an organized retail sector. But, Asia Pacific region is deemed to dominate in the forecast period, due to the rising spending capacity of consumer base in emerging economies, including India, Japan, and China. Key players in the food & beverage metal cans market are CPMC, CAN PACK, Crown Holdings, Ardagh Group, Kian Joo Group, Ball Corporation, Silgan Holdings Inc, Tetra Laval International SA, Kingcan Holdings Ltd, Huber Packaging Group GmBH, Toyo Seikan Kaisha Ltd, Rexam Plc, Sonoco Products Company, Alcoa Inc, Prominent players have adopted M&A activities for linear market growth, latest being the acquisition of Rexam Plc by Ball Corporation in June 2016.
See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/food-safety
Global Food & Beverage Metal Cans market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Crown Holdings, Inc.
- Ball Corporation
- Silgan Holdings Inc.
- Ardagh Group
- CAN-PACK SA
- Kian Joo Group
- CPMC Holdings Limited
- Kingcan Holdings Limited
- Tetra Laval International SA
- HUBER Packaging Group GmbH
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Food & Beverage Metal Cans for each application, including
- Fruits & Vegetables
- Convenience Food
- Pet Food
- Meat & Seafood
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Research Support Specialist
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India