Metal Cans and Glass Jars Market Revenue in India and Iran Anticipated to Expand at Cagr of 2.2% and 3.6%, Respectively, from 2016 to 2024

Transparency Market Research has released a new market report titled “Metal Cans and Glass Jars Market - India and Iran Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.” According to the report, the metal cans market in India and Iran was valued at US$31.6 Mn in 2015 and is estimated to reach US$38.2 Mn in 2024, expanding at a CAGR of 2.2% between 2016 and 2024. The glass jars market in India and Iran was valued at US$135.4 Mn in 2015 and is projected to reach US$184.9 Mn in 2024, expanding at a CAGR of 3.6% between 2016 and 2024.

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Various food and beverage products such as fruits, vegetables, meat, coffee, and soup are packaged in metal cans. Metal cans offer multiple advantages. Therefore, these are useful packaging materials. Metal cans help maintain the nutritional value of food and also prevent it from microbial contamination. Thus, these cans increase the shelf life of canned food or beverages. Glass jars are also used as packaging materials. Glass containers offer various advantages such as chemical stability, reusability, and sterility. Glass is used to package food, alcoholic and non-alcoholic beverages, chemicals, and pharmaceuticals. Glass bottles and jars are available in various shapes, sizes, and colors. Thus, metal cans and glass jars are extremely useful as food packaging materials. Metal cans and glass jars are employed for food applications such as preserved food, milk powder, pet food, confectioneries, and chocolates. Increasing demand for canned food and high recycle and recovery rate of metal cans are likely to drive the market in India and Iran during the forecast period.

In terms of application, preserved food was the largest application segment of the metal cans market in 2015. It accounted for more than 50% share in terms of demand in the year. The others segment is also expected to be a major consumer of...