Global Food and Beverage Metal Cans Market: Increasing Demand for Packaged Food and Beverages to Drive Growth, Says TMR

A new research study on the global market for food and beverage metal cans by Transparency Market Research (TMR) states that the growing environmental concerns of people has triggered an increase in the usage of metal cans instead of plastic packaging, which, consequently, is reflecting greatly on the growth of the market for food and beverage metal cans across the world.

The report, titled “Food and Beverage Metal Cans Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” offers an exhaustive assessment of this market, especially highlighting the key trends, driving force, challenges, and opportunities. It also examines the current and the historical performance of this market to gain a deep insight into its future status.

According to the report, the tremendous rise in the packaging industry across the world has boosted the global market for food and beverage metal cans significantly. Over the coming years, the market will gain substantially from the increasing demand for packaged food and beverages, worldwide. The increasing awareness among people regarding the recyclability and reusability of metal cans is also expected to propel this market in the years to come, reports the study.

The research report further presents a geographical analysis of the global market for food and beverage metal cans. According to it, Europe, Asia Pacific, North America, and the Rest of the World have emerged as the prime geographical sections of this market. Researchers indicate that Asia Pacific, which is currently the leading regional market for food and beverage metal cans, is poised to remain on the top and expand faster than other regional markets in the years to come. The future growth of the Asia Pacific market for food and beverages metal cans can be attributable to the strengthening economic conditions of several countries, such as India, China, and Japan in this region. The rise in the young population base with a hefty disposable income will also add to the demand for these metal cans over the period of the forecast, states the market report.

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The competitive landscape of the global market for food and beverages metal cans has also been evaluated in this market report by thoroughly analyzing the company profiles the key players. It further examines the current performance and future projects of these companies in order to gain a deep insight into the market’s hierarchy. Some of the leading vendors of food and beverage metal cans across the world, mentioned in this research study are Ball Corp., Can-Pack S.A., Alcoa Inc., Rexam Plc., Sonoco Products Co., and Toyo Seikan Kaisha Ltd.

Food & Beverage Metal Cans Market: Key Players - Can-Pack S.A., Rexam Plc., Alcoa Inc

Global Food and Beverage Metal Cans Market: Overview

The growing concerns about the environment have triggered a significant interest in the usage of metal cans. Several packaging companies along with food and beverages players are opting for metal cans to prevent the food items from spoilage. Usage of eco-friendly products and technological innovation have both helped market grow remarkable over the past few years.

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Transparency Market Research presents a thorough research of the global food and beverages metal cans market to its readers. The research report has been compiled using a SWOT analysis and a Porter’s five forces analysis. The former helps in identifying the strengths, weaknesses, opportunities, and threats impacting the segments of the global market. On the other hand, the Porter’s five forces determines the intensity of the competition in the overall market. The research report provides a thorough analysis of the drivers and restraints impacting the overall trajectory of the global food and beverage metal cans market.

Global Food and Beverage Metal Cans Market: Trends and Opportunities

The global food and beverages metal cans market has been witnessing a remarkable growth rate over the past few years due to soaring packaging industry. Metal cans are extensively used by the packaging industry for food and beverages. The rising demand for packaged food items across the globe has given the global a significant impetus over the past few years. Analysts anticipate that the rising disposable incomes and changing lifestyles are likely to impact the global market in positive ways. The market is also benefitting from the fact that metal cans can be recycled and reused. Metal cans are being used for packaging canned food items, pet foods, beverages, and others.

The persistent efforts taken by leading players to innovate their products is expected to boost the demand for food and beverage metal cans in the coming years as well. Previously, the manufacturers in the industry used tin for making metal cans. However, aluminum and steel have replaced the usage of tin. These materials are being preferred for making metal cans for packaging as they match the safety regulations and hygiene standards of the food and beverages packaging industry.

Global Food and Beverage Metal Cans Market: Region-wise Outlook

In terms of geography, the global food and beverages metal cans market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Research indicates that Asia Pacific is poised to expand faster than rest of the regions in the coming years. Growth of the Asia Pacific food and beverages metal cans market will be attributable to the emerging economies of the market. The young population base with significant disposable income will also fuel the demand for food and beverage metal cans in the coming years.

The robust growth of food and beverages industry along with an ever-growing population base in countries such as Japan, India, and China are expected to propel the demand for these metal cans in the coming years. Several food and beverage metal can manufacturers are also expanding their businesses to developing economies in order to cut down on labor costs. The cheaper price of metal cans and their ability to enhance the self-life of packaged food items is expected to keep the demand for these cans significantly high in the near future.

Key Players Mentioned in the Report

Some of the leading players operating in the global food and beverage metal cans market are Can-Pack S.A., Rexam Plc., Alcoa Inc., Sonoco Products Co., Ball Corp., and Toyo Seikan Kaisha Ltd. 

Food & Beverage Metal Cans Market 2013-2019: Market Research Report

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