Metal Cans Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Industry Insights

Metal cans market is expected to witness significant growth over the forecast period on account of increasing demand from foods & beverages industry across the world. Increasing demand for canned food and beverages coupled with increasing demand for ready to eat food are the key factor expected to drive the market over the forecast period. Rapid growth in foods & beverages industry across the globe is further expected to augment the market growth in near future. Metal cans have ability to get chilled faster and remains cool for longer period compared to other conventional materials. This advantageous factor increased the application scope of metal cans over the past few years and the trend is expected to continue over the forecast period. Metal cans demand is expected to increase owing to its high recyclable properties. However, fluctuations in raw material prices coupled with increasing demand for substitutes in end-use applications is expected to hinder the market growth over the next five years.

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Application Insights

Major applications of metal cans include foods, beverages and others including aerosol sprays and paints among others. Application of metal cans in food industry include packaging of fruits, vegetables, baby food, sea food and meat, soups and poultry among others. Metal cans provide numerous advantages in refrigeration applications. This advantageous factor increased the metal cans application in beverages packaging.

Beverages packaging was the largest and fastest growing application segment of metal cans market over the past few years and the trend is expected to continue over the forecast period. Metal cans acquire less space and provide advantages during warehousing and transportation. Strong growth in beverages industry is further expected to augment the market growth in near future. Within beverages industry,...