DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Metal Cans Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
Metal cans are the containers used for the storage of food, beverages, oil, chemicals, etc. Metal cans are light in weight and very easy to stack. This report aims to analyze the present and estimated trends of global metal can market, as the demand of the product is expected to rise. The report provides a comprehensive analysis of the market potential in various industry applications. The study is focused on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.
Due to their rising disposable income and changing life style, consumers are inclined towards the usage of canned food and beverages. This is a major factor that drives the metal cans market, globally. Moreover, due to consumers' concern towards the natural environment increases, the manufacturers are emphasizing towards the production of recyclable metal cans, owing to its higher recycle rate, which in turn becomes a significant driver for the metal can market growth. However, the fluctuating price of the raw material, such as aluminum and steel hinders the market growth.
Product Market Analysis:
On the basis of its product type, the global metal can market is segmented into food, beverages and others. The metal cans are largely used in the beverage industry. This is due to the rising demand for both alcoholic and non-alcoholic beverages among consumers coupled with increasing preferences of can packaging in these industries.
Geography Market Analysis:
On the basis of geography, the global market is segmented into North America, Europe, Asia Pacific and LAMEA. Due to the high consumption of canned beverages and processed food by American consumers, North America is the largest revenue-generating region for this market.
The major players dominating the markets are Amcor Ltd., Ball Corp., CPMC Holdings Ltd., Ardagh Packaging Group Plc., CPMC Holdings Ltd., Kian Joo Group, Silgan Containers Corporation, Crown Holdings Inc, Rexam Plc, Sonoco Phoenix Inc. and Silgan Containers Corporation. Ball Corporation has invented an advanced printing technique for aluminum cans in to make it more lucrative for consumers.
For more information about this report visit http://www.researchandmarkets.com/research/5sbjlj/world_metal_cans