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2019-2024 Metal Cans Market Focused on Investment Analysis | International Growth by Industry Size, Share, Price and Revenue

Metal

The “Metal Cans Market” report delivers data about the landscapes which drive the development of Metal Cans industry. The Metal Cans market consists of large key companies who play a vital role in the production, manufacturing, sales, and distribution of the products. Metal Cans market research report provides crucial information related to overall Metal Cans market with respect to market size, applications, end-user industry size, types, and various other factors.

Scope of the Report:

  • Metal can is a container for the distribution or storage of goods, composed of thin metal which is prominently propelled by its growing use in food and beverage packaging. Due to changing lifestyle, growing alcoholic and non-alcoholic beverages requirement, rising disposable income, and rising need for processed foods are marking the growth of this market.

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    Market Overview:

  • The global metal cans market was valued at USD 47.88 billion in 2018, and is expected to reach USD 58.25 billion by 2024, registering a CAGR of 3.39% over the forecast period of (2019-2024). The product is gaining prominence due to its distinct features such as resistance to transportation, hermetically sealed cover, and irregular handling, and easy recyclability.
  • – The high recyclability of metal cans is one of the significant drivers of the market. Making products from recycled metals uses less energy, reduces carbon emissions, and uses less water compared with using raw materials.
  • – Rise in consumer awareness with concerning application of non-carcinogenic materials in packaging and increased demand for lightweight packing, is generating high growth prospects for the metal cans market.
  • – However, due to replacement possibility of polymer based packaging materials including polyethylene and polyethylene terephthalate (PET), metal cans are witnessing a challenge in their usage.

    Competitive Landscape: The report also presents the market competitive landscape and a corresponding detailed analysis of the major players in the market. Metal Cans Market Segment by Key Players 

  • SKS Bottle & Packaging Inc.
  • Silgan Containers LLC
  • Ball Corporation
  • Crown Holdings, Inc.
  • Kian Joo Can Factory Berhad
  • Middle East Metal Can LLC
  • The Cary Company
  • Can
  • Pack S.A.
  • Ardagh Group S.A.
  • Al Watania For Containers Mfg. (CMC)

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    Key Market Trends:

    Expected Growth of Canned Food Will Enhance the Market Growth

    – The growing trend in the canned food market is innovations in packaging. With increase in demand for chemical-free canned foods, manufacturers are focusing on innovations in packaging. Many brands of canned food products have started offering food in BPA-free containers.
    – The demand for sealed and tamper-proof steel container food is high, as they protect food from harmful bacteria. Also, due to hectic and busy lifestyles of consumers, canned food is expected to gain more importance.
    – Canada has created a huge variety of products ranging from ready-mixed frozen vegetables to concentrated fruit juices to frozen french fries. The demand for Canada’s pre-packaged, fresh-cut fruits and vegetables has soared in recent years. Current trends are driving the development of new products with longer shelf life and excellent sensory and processing qualities and the Canadian industry are in continuous improvements in its manufacturing processes to provide customers with the safest, premium quality products.
    – Due to innovations in packaging, less preparation time and free from harmful bacteria, canned food product is a good source of nutrients and will enhance the growth of metal can market in future.

    North America to Hold a Significant Share in the Market

    – Due to rising demand of various healthy beverages, carbonated soft drinks, health drinks and sucralose juices, North America is projected to positively impact metal cans market demand over the forecast period. Also the industry growth is influenced by widespread promotional activities and research developments by various key players.
    – In the United States, food and retail industry is the key source driving the demand of the product. The number of superstores and grocery stores in the country are increasing and the increasing number of smaller households is the key factor for the growth in food and retail sector of the country. Thus, it is directing the demand for the smaller packaging units.
    – The demand for metal cans has grown because of the lifestyle of people in United States. People are busy with their hectic schedules, which gives them less time for cooking preparations and they prefer nutritious food that is ready-to-eat and can be prepared easily. Canned food serves this purpose by providing convenient packaging and ready-to-use food items. The growth of metal cans market will increase in future because of their ability to preserve the freshness and quality of food for a long time.

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    There are 4 key segments covered in this Metal Cans Market report:

    • Competitor segment
    • Product type segment
    • End-use/application segment
    • Geography segment

    What does this report deliver?

    • Comprehensive analysis of the Metal Cans market with respect to regions.
    • Complete coverage of all the segments in the Metal Cans market to analyze the trends, developments in the global market and forecast of market size up to 2024.
    • Comprehensive analysis of the companies operating in the Metal Cans market.
    • The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
    • The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

    Metal Cans Market Report TOC Contains the Following Points:

    • Introduction of Market or Scope of Report
    • Research Methodology of Metal Cans Market
    • Executive Summary of Metal Cans Market
    • Overview of Metal Cans Market
    • Market Drivers, Restraints, Opportunities, and Key Challenges of Metal Cans Market
    • Metal Cans Market Segmentation by Product Type, Applications, and End-Users
    • Competitive Landscape by New Product Launches, Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships
    • Metal Cans Market Analysis by Key Players
    • Future Trends and Recent Developments of Metal Cans Market

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