Food and Beverage Cans Market to Grow due to Increasing Demand for Beverages Globally

A new market research report by Transparency Market Research, titled “Food and Beverage Metal Cans Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” provides a detailed understanding of the food and beverage metal cans market. There is an intense competition in this market owing to the presence of a huge number of small and big firms. This report also elaborates on the growth strategies adopted by prime players dominant in the market in the forecast horizon from 2013 to 2019 for the expansion of their market shares. New technology and product launches, acquisitions, investments and expansions, collaborations, agreements, and joint ventures and partnerships prominent in the market have also been highlighted in the report.

According to the report, the chief factors fuelling the growth of the food and beverages metal cans market include the rise in spending within emerging countries in Asia Pacific and the increasing demand for beverages globally. In addition, the rising demand for packaged foods in emerging countries for storage convenience is also having a positive impact on the growth of the market. On the other hand, as per the report, the continuously growing demand for organic and fresh food and beverages and the increasing availability of cardboard and glass as substitutes to metals cans are amongst the chief factors that may impede the growth of the market in forthcoming years. In addition, the increasing concerns related to the environment owing to improper recycling standards may also hamper the growth of the market in the coming years, as stated in this report.

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The report states that the packaging industry can be categorized into non-food packaging and food and beverage packaging. Amongst these, the segment of food and beverage packaging is further segmented into polymer packaging, metal packaging, glass bottles, cardboard and reinforced paper, and others. As per the report, the metal cans industry is evolving owing to new product innovations. Amongst metals, tin historically emerged as the top choice but was replaced by aluminum and steel owing to the high hygiene and safety of food and beverages ensured by aluminum and steel. On the basis of design, the report mentions that the segment of 3-piece metal cans emerged as the safest design and created new opportunities within the market for food and beverage metal cans. Geographically, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW).

As mentioned in the report, the prime players dominant in the market are Ball Corporation (U.K.), Can-Pack S.A. (Poland), CPMC Holdings (China), Crown Holdings Inc. (U.S.), and Rexam PLC (U.K.), among others.