Food and Beverages Metal Can Marke Research Report, Share, and Forecast to 2025
Posted by rekha on July 26th, 2019
Precision Business Insights (PBI) in its report titled “Food and Beverages Metal Can Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The food and beverages metal can market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased demand for beverages will create a demand for food and beverages metal can market. Growing demand for processed foods is the major factor influencing the growth of the market.
Food and beverages metal can market segmented on the basis of application, food, material and region.
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Fruits and Vegetables are Expected to Dominate the Market
The fruits & vegetables segment accounted for the largest share in the food metal cans market in terms of volume and is projected to grow at a competitive CAGR from 2019 to 2025. Packaging of fruits has gained importance in the global food packaging market. Technological innovations have found an alternative source for the intake of fruits during off-seasons. Canned technology helps in preserving the nutritional value of fruits by providing an extended shelf-life, which is expected to drive their demand.
Beverages Will Dominate the Revenue Share.
On the basis of application, the metal cans market is segmented into food & beverage applications. The beverage segment dominated the food & beverage metal cans market and is projected to grow at a CAGR from 2019 to 2025, mainly due to convenient packaging, innovations in metal cans in terms of packaging, shapes & sizes, and recyclable properties of metal cans. Growing demand for specialty cans for energy drinks, beer, ready-to-drink, carbonated soft drinks, and juices drive the growth of the overall metal cans market.
North America, Accounts for Major Revenue Share for Food and Vegetable Metal Can Market
Precision Business Insights (PBI), food and vegetable metal can market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share owing to the high usage of technological advancements, high consumption of soft drinks, canned juices, processed food and convenience food. Asia Pacific is anticipated to show significant and rapid growth rate during the forecast period in food and beverages metal cans market owing to rise in economic conditions of the emerging countries, large pool of population with adoption of various trends and lifestyle changes, increase in consumption of alcohols, soft drinks and packed fruit and vegetables and other products.
Launch of Innovative Product Play Vital Role in Food and Beverages Metal Can Market
Launching of the innovative product play an important role in the development of the market. For instance, in July 2017, Crown Food Europe and princes’ foods combined to launch Love Canned Food in the UK.
Key players in the market include Silgan Holdings Inc. (U.S.), Ball Corporation (U.S.), Kian Joo Group (Malaysia), HUBER Packaging Group GmbH (Germany), Crown Holdings, Inc. (U.S.), CAN-PACK S.A. (Poland), CPMC Holdings Limited (China), Kingcan Holdings Limited (China), Ardagh Group (Luxembourg), and Tetra Laval International S.A. (Switzerland).
o North America
o Latin America
o Middle East and Africa
About the Authorrekha
Joined: July 26th, 2019
Articles Posted: 219
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