Metal Cans: Release Latest Trends and Market Vision by 2022
Posted by Nicky Arora on December 4th, 2019
The global Metal Cans Market is expected to reach USD 52.83 billion by 2020, according to a new study by Grand View Research, Inc. Metal cans are steel or aluminium container mainly used for the storage of goods such as beverages, foods and chemicals. Increasing environmental benefits coupled with growing demand for beverages and canned foods are expected to drive metal cans demand over the next six years. In addition, fast recycle rate for metal cans in comparison to conventional materials such as glass and plastics is further expected to augment its market growth. Technological innovation and use of eco-friendly products are further expected to serve as key growth opportunity.
Beverages were the largest product segment with consumption of 280,809.8 million cans in 2013, expected to reach 347,915.3 million cans in 2020, growing at a CAGR of 3.1% from 2014 to 2020.
The demand for metal cans in beverages is expected to rise due to its benefits such as excellent protection from ultraviolet rays and extended coolness. Moreover, product differentiation and innovation in shape and size of metal cans is expected to boost their demand in beverages. Within beverages, alcoholic beverages dominated market with demand exceeding 127,300.0 million cans in 2013, and generated revenue of USD 16.12 billion in 2013.
Access Sample Copy @ https://www.grandviewresearch.com/industry-analysis/metal-cans-market/request/rs1
Further key findings from the study suggest:
Grand View Research has segmented the global metal cans market on the basis of product and region:
Metal Cans Product Outlook (Volume, Million Cans; Revenue, USD Million, 2012 - 2020)
o Carbonated Soft Drinks
o Alcoholic Beverages
o Fruit and Vegetable Juices
o New Drinks
o Soups and Miscellaneous Foods
o Other Foods
Metal Cans Region Outlook (Volume, Million Cans; Revenue, USD Million, 2012 - 2020)
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
Grand View Research, Inc.
201 Spear Street 1100,
San Francisco, CA 94105
Toll Free: 1-888-202-9519
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About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 389
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