The
global
metal cans market is characterized by the presence of a large
number of international and local players, which accounts for a
fragmented nature of this industry, says a new research report by
Transparency Market Research (TMR). The companies do not operate at
the global level and have a moderate degree of competition. Some of
the key players in the global metal cans market are Amcor Ltd.,
Ardagh Packaging Group Plc, Ball Corp., and BWAY Corp.
“Technological
innovation for product development is one of the key growth models
that top players in this market are adoption,” says the lead author
of the study. Due to the fragmented nature of the market, large
companies are focused on product innovation to break in. An excellent
example is Amcor Ltd., the company invested heavily in upgrading
existing equipment and installing new equipment in its Rocklea
manufacturing plant. Following this move, the company produced Ezi
Drink Can, which resulted in considerable metal savings due to a
reduction in end diameter and gauge than its predecessor cans.
Expansion
through market penetration is also on the growth charts of top
players in this market. Companies in this market are planning for new
manufacturing facilities that have advantages pertaining to
logistics, business tax, and availability of skilled labor.
Acquisitions
and business alliances are also what top players are strategizing for
in the bid to break into regional markets.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=706
Ability
to Withstand Rough Handling Favors Use of Metal Cans
A
TMR analyst points out “The rising demand for canned food and
beverages is one of the foremost factors driving the growth of the
metal cans market. Metal cans have been used for food preservation
purposes since the beginning of the 19th century and are extensively
used for food packaging needs. Metal cans can withstand improper
handling and transportation, are easy to recycle, and do not require
refrigeration.”
An
increasing demand for aerosol cans is also benefitting the growth of
this market. Aluminum cans are gaining popularity in the packaging of
aerosols, cosmetics and gasoline, and paints as they provide vacuum
and resistance from the external environment.
High
recyclability and recovery rates of aluminum is another major factor
driving the growth of this market. As per the analysis of the Can
Manufacturers Institute of America, aluminum cans lead for
recyclability amongst all other beverage containers.
The
fluctuating prices of raw material is a deterrent to the market’s
growth. The need for large amounts of raw material along with
enormous energy consumption in the manufacture of metal cans is
restraining the market’s growth.
The
increasing demand for alternative material in the manufacture of food
packaging is also detrimental to the market’s growth. Product
manufacturers are increasingly using flexible material such as
polyethylene terephthalate (PET).
Beverage
Industry Continues to Consume Metal Cans in High Numbers
The
global metal cans market is expected to reach a valuation of US$51.6
bn by 2019. Beverages stood as the leading product segment with
almost 80% of the market in 2012. The rising demand for soups, canned
juices, carbonated drinks, alcoholic drinks, and a variety of other
beverages presently is translating into increasing demand for metal
cans.
Asia
Pacific and Europe account as the leading revenue generators to the
global market. The rapid expansion of the food and beverages
industries in Asia Pacific will account for the region to continue
its dominance in the coming years as well.
The
information presented in this review is based on a new research
report by Transparency Market Research, titled “Metal Cans Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 - 2019.”
Segmentation
of the Global Metal Cans Market:
Metal
Cans Market: Product Segment Analysis
- Beverage
- Food
- Others (Aerosol, Paints)
Beverage
Cans Market: Product Segment Analysis
- Carbonated Soft drinks
- Alcoholic Beverages
- Fruit and Vegetable Juices
- New Drinks (Energy and Sports Drinks)
Food
Cans Market: Product Segment Analysis
- Fruits (excluding Juices)
- Vegetables
- Soups and Miscellaneous Foods
- Other Foods (Baby Foods, Poultry)
Food
Cans Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
No comments:
Post a Comment