Global Food & Beverage Metal Cans Market
By Application (Beverage, Food), By Material (Steel cans, Aluminum cans), By Type (Piece cans), By Region (North America, Europe, Asia Pacific, Rest of World)
The Global Wireless Display Market was valued at 494.90 billion in 2019 and is projected to reach USD631.69 billion by 2027, growing at a CAGR of 3.34% from 2020 to 2027.
Increase in usage of metal cans has become a major issue in the environment. Many food industries are opting for metal cans to prevent the food products from getting spoilt. Usage of eco-friendly product has helped the market grow since the past few years. Metal cans are basically used more by the beverage industry than food items. The market is also taking into consideration that metal cans can be recycled and reused. Metal cans are being used for packaging canned food items, pet foods, beverages, and others.
1. Market Drivers
1.1 Low prices of canned food products.
1.2 Metal cans can be recycled and reused.
1.3 Fancy packaging makes the product more appealing.
2. Market Restraints
2.1 Try alternative packaging options.
2.2 High prices of metals.
2.3 Saturated Markets Resulting in Sluggish Demand for Cans
The Global Food & Beverage Metal Cans Marketis segmented on thebasis of Application, Material, Type and Region.
1. By Application:
1.1.1 Carbonated Soft Drinks
1.1.2 Alcoholic Beverage
1.1.3 Sports & Energy Drinks
1.1.4 Other Beverages
1.2.1 Convenience Food
1.2.2 Pet Food
1.2.3 Fruits & Vegetables
1.2.4 Meat & Seafood
1.2.5 Other Food Products
2. By Material:
2.1 Steel Cans
2.2 Aluminum Cans
3. By Type:
3.1 2-Piece Cans
3.2 3-Piece Cans
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Rest of World.
The major players in the market are as follows:
1. Ball Corporation
2. Silgan Holdings Inc.
3. Tetra Laval International S.A.
4. Kian Joo Group
5. Huber Packaging Group GmbH
6. Crown Holdings, Inc
7. Ardagh Group
8. CAN-PACK S.A.
9. CPMC Holdings
10. Kingcan Holdings Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on Global Food & Beverage Metal Cans Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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