Metal cans are used extensively for the packaging

Posted by Marsh William on February 1st, 2018

Metal cans are containers that offer the storage and distribution of various products including such as chemicals, food & beverages, oil and so on. The Global Metal Can Market is anticipated to grow at a CAGR of 3 % over the forecast period (from 2016 to 2024). Various factors including environmental benefits offered by these cans, like fast recycle rate and the rising demands for canned food & beverages are expected to drive the global market.

However, with the advent of High-Density Polyethylene (HDPE) and Polyethylene Terephthalate (PET) in the packaging industry, these cans lost their major share in the industry. Moreover, the unstable prices of raw materials also pose a challenge to the market growth. By focusing on fresh product development and innovations, the manufacturers can ensure a considerable growth over the estimated years. The global market is divided into products and regions.

Browse Details of Report@

https://www.hexaresearch.com/research-report/metal-cans-industry

The products sector of the metal can market includes soups, sports drinks, energy drinks, alcoholic beverages, carbonated soft drinks, fruits, vegetables, miscellaneous foods. The beverages sector dominated the global market and is further expected to grow at a CAGR of over 3.1 % during the forecast period. This can be attributed to its benefits such as extended coolness and better protection from UV rays. In addition, product differentiation and innovation in the sizes and shapes of metal cans is said to spur the demand in the sector.