Metal cans are the container used for the packaging and storage of food products for easy distribution. Especially they are used in the beverages industry, canned food industry, processed food industry for the packaging of the final products. Metal cans can be made up of different types of substances such as tin coated steel, aluminium, tin-free steel etc. Aluminium can have high malleability, have corrosion resistance, less expensive than other substances and are easy to manufacture.
A surge in adoption of metal cans in food and beverage industry, due to prevent the damage and decomposition of food is anticipated to fuel the growth of food and beverages metal cans market. Furthermore, lifestyle changes of the people, growing demand for the processed and canned food, increase in trends of ready to cook food and ready to eat, increase in the popularity of consumption of beverages and canned juices are creating lucrative opportunities for food and beverages metal cans market. In addition to this, recycling and reusing of the metal cans are further boosting demand for food and beverages metal cans market. However, raising concerns of environmental condition due to over mining of the metals and depletion of natural resources are the few factors which are hampering the growth of food and beverage metal cans market.
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The Food and Beverage Metal Cans Market is classified on the basis of material, application, food and geographical regions.
Based on material, global food and beverage metal cans market is segmented as
Based on application, global food and beverage metal cans market is segmented as
· Alcoholic Beverage
· Energy drinks
Based on food, global food and beverage metal cans market is segmented as
· Meat and seafood
· Convenience food
· Fruits and vegetables
· Pet food
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Food and beverages metal cans market is highly fragmented because of the presence of many local and international suppliers. Market players compete based on the differentiation of product, expansion of the geographical presence, improving product portfolio and pricing. Competition among the peers is going to be intensified during the forecast period. Rise in concerns about environmental conditions among consumer product manufacturing companies is anticipated to propel the growth of the food and beverages metal cans market growth. Increase in recycling of metal cans is boosting the usage of the metal cans in the food and beverages industry.
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Geographically food and beverage metal cans market is segmented as Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe. North America is expected to dominate the food and beverages metal cans market followed by Europe owing to the high usage of technological advancements, high consumption of soft drinks, canned juices, processed food and convenience food. Asia Pacific is anticipated to show significant and rapid growth rate during the forecast period in food and beverages metal cans market owing to rise in economic conditions of the emerging countries, large pool of population with adoption of various trends and lifestyle changes, increase in consumption of alcohols, soft drinks and packed fruit and vegetables and other products.
Some of the players in Food and Beverage Metal Cans Market 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).
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