Food And Beverage Metal Cans Market Brief Overview by PBI

Posted by venkatakiran on November 11th, 2019

Food and Beverage Metal Cans Market Size and Growth Rate:

 

The Global Food and Beverage Metal Cans Market was valued at US$ 53,267.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to flexible and convenience factors such as shapes, sizes and recyclable properties of metal cans”

Food and Beverage Metal Cans Market Growth Drivers and Restraints:

The global food and beverage metal cans market was valued at US$ 53,267.2 Mn in 2018 and growing at a CAGR of 3.9% over the forecast period owing to increasing acceptance of metal cans in food and beverage production, owing to avert the damage and decomposition of food is expected to boost the growth of the market. Additionally, changing lifestyle, rising demand for the processed and preserved food, increasing demand and acceptance of ready-made food and ready to eat cooked foods, increasing consumption of canned juices are expected to create lucrative opportunities over the forecast years. Moreover, other convenience factors with metal cans such as reusability and recycling the used cans creates lucrative opportunities for the market. However, increasing environmental concerns and high cost of materials and diminution of natural resources are the major factors anticipated to restrain the growth of the market.

Global food and beverage metal cans market segmented on the material, application, food and region.

Browse More Insights of the report @https://www.precisionbusinessinsights.com/market-reports/global-food-and-beverage-metal-cans-market/

               

Aluminum segment accounted for higher revenue share

Based on material, global food and beverage metal cans market is segmented tin, aluminum, and steel. Aluminium segment accounted for the largest market share in 2018 and is expected to grow with highest CAGR over the forecast period owing to the benefits of the aluminum and it is the most preferred raw material for the production and packaging of food and beverages products. Additionally, they are very advantageous like light in weight and are very easy in recycling with fabrication processing.

North America holds leading position in Global Food and Beverage Metal Cans Market

 

PBI’s global food and beverage metal cans market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to increasing demand for processed and ready to eat foods in the region. Asia Pacific is anticipated to drive the growth of the market owing to large pool of population presence in emerging countries such as China and India. The drastic changes taking place in lifestyle coupled with busy with their work life are expected to drive the growth of the market over the forecast period. Rising consumption of beverages and increasing demand for beverages in tin packages are estimated to enhance the growth of the market.

Recent Developments in the Global Food and Beverage Metal Cans Market

 

  • In January 2018, Silgan Containers, one of the leading suppliers of metal food containers in North America has chosen the Lehigh Valley for its latest expansion
  • In July 2017, Crown Food Europe and princes’ foods combined to launch Love Canned Food in the UK.

Key player’s profiles in the report are 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), Tetra Laval International S.A. (Switzerland).

Avail Sample of the report @ https://www.precisionbusinessinsights.com/request-sample?product_id=17233

Detailed Segmentation of Food and Beverage Metal Cans Market:

 

By Material

o   Tin

o   Aluminium

o   Steel

By Application   

o   Alcoholic  Beverage

o   Food

o   Energy drinks

o   Others

 

By Food

o   Meat and  seafood

o   Convenience food

o   Fruits and vegetables

o   Pet food

o   Others  

Geography

 

o     North America

o     Europe

o     Asia-Pacific

o     Latin America

o     Middle East and Africa (MEA)

About Us:

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Email @ shreya@precisionbusinessinsights.com

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venkatakiran

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venkatakiran
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