Metal Cans Market Trends, Growth, Size, Segmentation, Global Demands, Revenue and Forecast by 2028

(The Express Wire via Comtex)

As Per Report Published by Fortune Business Insights™ the global metal cans market size is anticipated to witness progressive growth rate in the coming years on account of the increasing rise in demand for canned products from various industries. Metal cans are containers made of tin, aluminium, or zinc-plated steel and are used for storing paint or food for longer shelf life. A recent report by Fortune Business Insights offers a qualitative and quantitative analysis of the market and predicts the growth avenues in the coming years.

The whole world is facing the widespread of coronavirus and trying to deal with it by staying safe at homes. However, the extended lockdown period has impacted many businesses, most of which are currently at a halt. International trade halt has adversely affected most companies.

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Some of the Key Players of the Metal Can Market Include:

  • Kaira Can Company Limited
  • BALL CORPORATION
  • Shanghai Baoyi Can Making Co., Ltd.
  • Berlin Packaging
  • Guangzhou hengyu Iron printingand Can-making Co., Ltd.,
  • Ardagh Group S.A.
  • Toyo Seikan Group Holdings
  • Chumboon Iron-Printing and Tin-Making Company Limited
  • CPMC Holdings Limited
  • Crown Holdings, Inc.
  • TON YI INDUSTRIAL CORPORATION
  • Silgan Containers LLC.
  • Showa Denko K.K.
  • AlliedCans
  • Novelis (Aditya Birla Group), , Ltd.

Objectives of the Report

The report offers a 360-degree overview of the market and its growth trajectories. This includes drivers, restraints, challenges, and growth opportunities. Besides this, the report talks about the significant industry developments, current trends prevalent in the market and other interesting insights into the market. The report also discusses the table of segmentation in details and mentions the list of leading segments with market figures. The report is available for sale on the company website.

Drivers and Restraints-

Increasing Demand from Food and Beverage Industry to Aid in Expansion of Market

Metal cans have higher recyclability than other products and therefore are more popular. This acts as the principal metal cans market growth driver. Additionally, the increasing demand for metal cans from the food and beverage industry is also aiding to the expansion of the market. This, coupled with rising application of metal cans for industrial packing, storing paint, and others are likely to augment the growth of the market in the coming years.

However, the presence of durable polymeric materials that are used in sealing the metal cans may cause health issues and are therefore considered to hinder the growth of the market in the forecast period. Nevertheless, the increasing demand for metal cans from a variety of applications such as cosmetics, solvents, dyes, healthcare products, industrial chemicals, paints, and others are expected to create lucrative growth opportunities for the market in the coming years.

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Report Aim and Scope:

  • An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
  • The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
  • The various parameters accelerating the growth of the market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the market during the forecast period.

Segment:

The Market for Metal Cans is Segmented into the Following:

The global market for metal cans is categorized on the basis of material and application. Based on material, the market is classified into aerosol, steel and tinplate, and aluminium. With respect to categorization by application, the market is divided into food, beverages, healthcare products, industrial chemicals, and personal care and cosmetic. The food segment is further classified into edible oil, meat, fruits, vegetables, and others, whereas the beverages segment is further sub-divided into alcoholic beverages, non-alcoholic beverages, and others.

Regional Analysis-

Asia Pacific Dominated Market on Account of High Production and Consumption Rates

Geographically, the Asia Pacific region emerged dominant on account of the increasing production and consumption of beverage products packaged in metal cans. Countries such as Taiwan, South Korea, China, and India are the leading nations operating in this market. Europe is holding the second-largest metal cans market share on account of stringent regulations imposed on the use of plastic that promoted the demand for metal cans. Furthermore, North America is likely to witness significant growth in the coming years on account of the increasing demand for metal cans from the U.S. This is further attributed to the use of single-use plastic ban in some states such as California.

Competitive Landscape-

Players Engaging in Strategic Collaborations into Joint Ventures for Holding Prominent Position in Market Competition

Currently, players functioning in this market are engaging in mergers and acquisitions, joint ventures, contracts and agreements, and other collaborative strategies to attain a significant position in the market. They are also emphasizing on expanding their geographical reach to emerge dominant in the market competition.

Major Industry Developments of the Market for Metal Cans Include:

April 2019 Verrerie Calvet was acquired by Berlin Packaging for strengthening their position as packaging supplier in the market in Europe.

July 2019 Ardagh Group S.A. declared the selling off of their metal packaging business in a hopping deal to Trivium Packaging for US$ 2.5 billion.

Key Players Assessment in this Research:

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in this market
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Metal Cans Market Trends, Growth, Size, Segmentation, Global Demands, Revenue and Forecast by 2028

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COMTEX_397753205/2598/2021-11-26T01:24:38