Metal Cans Market is Booming to Grow at Healthy CAGR forecast by 2030 with Top K

Posted by Fred Williams on September 16th, 2021

Metal Cans Market: Overview

Metal Cans are type of metal packaging systems initially introduced in the beginning of nineteenth century, for packaging of wine, but its scope of application has now expanded into various end-use commodity packing purposes such as edible food & beverage items, chemicals, oil etc. Metal Cans are generally made up of materials such as steel, aluminum, and tin and contributes more than one third of the overall metal packaging market. The major advantages of Metal Cans are that they are 100% recyclable without the loss of its quality and sturdiness. The recycle rate of metal can packaging has been two and half times more than any other packaging solution. Another advantage of recycling of Metal Cans is that it reduces CO2 use thereby reducing the parent material usage.

Metal Cans Market: Dynamics

The Metal Cans market is prominently propelled by its growing use in food and beverage packaging, especially used in packaging of aerated and non-aerated beverages. The increased personal products portfolio and its usage will naturally augment the packaging market as well. The consumer demand for lightweight packaging, increasing heath awareness regarding use of non-carcinogenic packaging materials, is creating high growth opportunities for the metal cans market. However, the increasing replacement potential of polymer based packaging material such as polyethylene terephthalate (PET) and polyethylene packaging is expected to dent the market share of metal cans in the overall packaging market, over the forecast period.

The inception of new companies among beverage and personal care products industry along with innovative packaging offerings are growth drivers of the metal cans market.

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