Overview

First introduced in the nineteenth century, metal packaging systems became quite popular for alcoholic and non-alcoholic drinks. Better technology allowed later integrations of industries like chemicals, edible food & beverage items, and oil. These are mostly made up of aluminum, steel, & tin. The global Metal Food Cans Market is expected to grow with 3.5% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their recent report revealed a possibility for the market to surpass its predicted valuation.

Eco-friendly ways, lightweight packaging, growing health awareness, food & beverage sector, and non-reactive quality are features of Metal Food Cans that are giving it much prominence. The Metal Food Cans market is growing due to such prolific role it plays in the market.

Segmentation

The global Metal Food Cans market, as per the analysis of MRFR, can be segmented into material, type, and application. This segmentation is expected to initiate a better understanding of the growth opportunities.

Based on the material, the Metal Food Cans market includes aluminum, steel, and tin. Among these, the aluminum segment is slated to take the lead during the forecast period. Aluminum gets traction as the use of this is very prominent in food & beverage segment. It is lightweight and non-reactive to all kind of foods and beverages.

Based on the type, the Metal Food Cans market includes two-piece metal can and three-piece metal can. The two-piece metal can segment had the control of the market in 2016 and it is expected to grow with the fastest CAGR during the forecast period. The two-piece metal can is known for its easy manufacturing process, high durability, convenience in transportation and stacking.

Based on the application, the Metal Food Cans market comprises food, beverage, and others. The beverage segment had better market positioning in 2016 and has the ability to achieve the fastest growth rate in the coming five years. The high application rate in the alcoholic & non-alcoholic drinks and aerated & non-aerated beverages has given the beverage segment substantial advantage.

Regional Analysis

North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), these are the four regions that have been taken into consideration while analyzing the global market scenario. This sort of analysis reveals growth pockets and helps in understanding of the global market.

Europe and North America are leading the market. This is because of strong metal can consumption in the food and beverage sector. The market also relies much on eco-friendly ways. That makes metal can a better packaging option.

The APAC market is expected to grow with better CAGR during the forecast period. This is going to be spurred by end-users, better availability of raw materials, OEMs developing better manufacturing facilities, lower production cost, and others. Remarkable growth in the region is helping the Metal Food Cans market achieve unprecedented advantage. Consumer-centric transformations in the market are expected to help the regional market grow. Same is also true for the Rest of the World segment where Countries in the African region and Middle Eastern region are having significant growth.

Competitive Landscape

Prominent companies in this global Metal Food Cans market are Kian Joo Can Factory Berhad (Malaysia), Rexam plc (U.K.), Silgan Containers LLC (U.S.), Crown Holdings, Inc. (U.S.), Independent Can Company (U.S.), Ball Corporation (U.S.), Ardagh Group S.A. (Luxembourg), HUBER Packaging Group GmbH (Germany), SKS Bottle & Packaging, Inc. (U.S.), Kaira Can Company Limited (India), Allied Cans Limited (Canada), Berlin Packaging (U.S.), Allstate Can Corporation (U.S.), The Cary Company (U.S.), and CPMC Holdings Limited (China). MRFR’s report on the same includes detailed profiling of these companies for a better understanding of the global market trends.

Read More :

http://www.authorstream.com/Presentation/samirk18-4212210-luxury-packaging-boxes-market/

https://yadi.sk/i/89lpIFiCAHXUnw

https://issuu.com/www.marketresearchfuture.com/docs/beverage_cans_market_share

https://www.rapidshare.com.cn/PjTlFrb

https://yadi.sk/i/2JeeMDAhqwloyA

https://articleseffect.com/corrugated-box-industry-us-2020-analysis-growth-trends-size-and-forecast/