Food & Beverage Metal Cans Market Overview:
Food & Beverage Metal Cans Market is expected to reach US$ 56.79 Bn. by 2029, at a CAGR of 6.2% during the forecast period.
The qualitative and quantitative research provides an in-depth analysis of regional insights into the Food & Beverage Metal Cans Market and its dynamic trends, industrial development, and market-prominent factors. The research method was used to study the global Food & Beverage Metal Cans Market, and the outcomes were rationally presented in the report published by Maximize Market Research through primary and secondary research.
Food & Beverage Metal Cans Market Report Scope and Research Methodology:
The marker study, which involved market size predictions, statistics calculations, market breakdown, market projections, and data triangulation, was complete, and wide-ranging primary research was carried out to gather data, check and authenticate important figures. It is analyzing important trends and predicts potential changes in the market. This is a crucial phase in the process of choosing a target market, creating new products, and discovering new market segments. To provide vital information throughout the study, all data collected during the market process is submitted to extensive qualitative and quantitative analysis.
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Food & Beverage Metal Cans Market Regional Insights:
Food & Beverage Metal Cans Region witnessed the highest market share in 2022 and is expected to boost significant growth during the forecast period. The increase in demand in the region is driven by stringent norms & regulations, and supporting government policies is to be an important driver of the Food & Beverage Metal Cans Market over the forecast period. The Food & Beverage Metal Cans Market report includes market revenue, geographical situation opportunities, press releases, and an in-depth analysis of the business structure. Several reasons are projected to be advantageous for the region’s Food & Beverage Metal Cans Market, including the region’s increasing aging population, well-developed healthcare infrastructure, supportive governmental policies, and accessibility of medical policy.
Food & Beverage Metal Cans Market Segmentation:
by Raw Material
Aluminum
Steel
It has been noted that higher safety requirements have led to a rise in the amount of steel and aluminum used in the production of metal cans. The demand for aluminum from the industry that makes metal cans has increased by 3.8%. Steel’s preference in the production of metal cans has resulted in a 2.4% increase in usage. Tin is an additional metal utilized in the production of metal cans for food and drink storage.
by Can Type
For Food
For Beverages
For Aerosols
Others
According to can type, it is shown that beverage storage accounts for over 30% of metal cans produced. The usage of metal cans for food storage has increased by 1.3% as a result of a rise in the consumption of convenience food items. The FMCG industry now uses 2.1% more metal cans to store aerosols than it did a year ago due to consumer preferences for personal care items. Metal cans are used for both storage and transportation of various things.
by Application
Food Products
Dairy and Frozen Food Products
Fruits and Vegetables
Convenience Food Products
Pet Food
Beverages
Others
Application: The Food Industry’s use of Metal Cans has increased by 2.2% as a result of the growing demand for convenience food products. The beverage industry’s use of metal cans has increased by 3.6% as a result of rising global consumption of alcoholic and aerated beverages. The pet food industry has increased its use of metal cans by 1.8% as a result of a rise in the number of individuals owning pets.
Food & Beverage Metal Cans Market Key Players:
1. Crown Holdings, Inc.
2. Ball Corporation
3. Silgan Holdings, Inc.
4. CCL Industries
5. Allied Cans
6. Independent Can Company
7. Ardagh Group
8. Huber Packaging Group GmbH
9. Mauser Packaging Solution LLC
10. P. Wilkinson Containers Ltd.
11. Muller und Bauer GmbH
12. Masilly Holdings S.A.S.
13. Unimpack
14. Kian Joo Group
15. Universal Can Corporation
16. Toyo Seikan Group Holding Ltd.
17. CPMC Holdings Ltd.
18. Lageen Food Packaging
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Key questions answered in Food & Beverage Metal Cans Market are:
- What is Food & Beverage Metal Cans Market?
- What is the forecast period of the Food & Beverage Metal Cans Market?
- What is the competitive scenario of the Food & Beverage Metal Cans Market?
- Which region held the largest market share in the Food & Beverage Metal Cans Market?
- What are the opportunities for the Food & Beverage Metal Cans Market?
- What factors are affecting the Food & Beverage Metal Cans Market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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