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.
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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:
- Europe
- 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
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