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.
