DUBLIN--(BUSINESS WIRE)--The "Global
Metal Cans Market - Segmented by Metal Type (Aluminium, Steel), End-User
Industry Verticals (Beverages, Food), and - Growth, Trends, and
Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's
The metal cans market was valued at USD 46.35 billion in 2017 and is expected to reach a value of USD 56.38 billion by 2023 at a CAGR of 3.32% over the forecast period 2018-2023.
Increased investments in canned packaging R&D have further propelled the growth of the market. Innovations, such as reduced surface area without affecting the volume, have resulted in lowering the cost of packaging of metal cans, thus, supporting companies in lowering packaging expenses.
The industry is experiencing high competition from alternative packaging solutions such as plastic and paper. While companies are opting for these solutions due to the lower long-term costs and increased flexibility, the demand from consumers also remains a major factor in the market. Consumers are opting for paper & plastic packaging products that have lower environmental degradation impact in comparison with metal.
North America has the highest share in the global metal cans market due to a high consumption of metal cans in the United States. Rising concerns over the use and consumption of sustainable packaging materials are expected to drive the demand for market growth over the forecast period. North America has demonstrated a high demand for healthy beverages such as vegetable & fruit juices, iced tea, and cold coffee.
- SKS Bottle & Packaging Inc.
- Silgan Containers LLC
- Ball Corporation
- Crown Holdings Inc.
- Kian Joo Can Factory Berhad
- Middle East Metal Cans
- The Cary Company
- Can Pack SA
- Ardagh Group
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Global Metal Cans Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future Outlook of Metal Cans Market
For more information about this report visit https://www.researchandmarkets.com/research/l94wbq/global_metal_cans?w=4