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Manufacturers’ Preference to Incline toward Aluminum Beverage Cans as a More Eco-Friendly Option

10-26-2018 03:34 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Manufacturers’ Preference to Incline toward Aluminum

The global metal cans market is expected to foresee substantial growth in the coming years owing to the rising use of these can in the packaging of food and beverages, mainly in the packaging of non-aerated and aerated beverages. The rise the portfolio of personal products is expected to naturally augment the global metal cans market. The demand for metal cans is rising subsequently owing to the fact that they are completely recyclable without losing the sturdiness and quality of the product. The demand from consumers for lightweight packaging and the rising awareness pertaining to the use of packaging materials that are non-carcinogenic, are further expected to propel the demand for metal cans. The new research report on metal cans published by Future Market Insights (FMI) provides a comprehensive overview of the global market and presents a trajectory of the market in terms of historical, present, and future forecast. The report also offers an outlook of the competitive landscape of the market along with presenting insights on the basis of the product portfolio, strategies, mergers, acquisitions, and other important aspects pertaining to them. A segmental overview along with regions has also been provided in the report.

Request to Sample of Report @  https://www.futuremarketinsights.com/reports/sample/rep-gb-6372

According to FMI, the global metal cans market is expected to rise at a CAGR of 4.8% 2017 to 2026. The market is expected to cross a valuation of US$101, 993 Mn by the end of the forecast period.

Segmental Insight on the Global Metal Cans Market

On the basis of region, the global metal cans market has been segmented into North America, Latin America, Europe, Japan, Asia Pacific except Japan, and the Middle East and Africa. Amongst these, Asia Pacific except Japan (APEJ) is expected to lead the global market by the end of the forecast period with a valuation of over US27, 456 Mn. This growth can be attributed to the rising population in the region and the growing urgency to cater to their increasing needs. The setting up of new manufacturing units in the region is also expected to be one of the triggering factors for the market in the region. North America and Europe are expected to closely follow APEJ and also have a neck to neck competition. However, these regions are expected to exhibit a sluggish growth rate as compared to APEJ.

Based on the basis of material type, the global market for metal cans has been classified into aluminium, steel, and tin. Among these three, aluminium is going to emerge as the most popular metal used in packaging over the coming years.

On the basis of fabrication type, the market has been bifurcated into two piece can and three piece can. Two piece can is projected to exhibit a higher CAGR as compared to the other and also emerge dominant by 2026 end. 

In terms of application, the market has been segmented into alcoholic beverages, non-alcoholic beverages, processed dairy food products, other processed food products, edible oil, medicinal tablets and syrups, personal care and cosmetic products, and industrial chemicals. Among all these, alcoholic beverages will foresee a growing application of metal as compared to the other application areas and is also expected to lead the market by the end of the forecast period.

Request to Report Methodology @ https://www.futuremarketinsights.com/askus/rep-gb-6372

Based on end user, the market has been segmented into, food and beverages, pharmaceutical industry, consumer goods, and chemical. The leading end user among these is likely to be the food and beverages industry by the end of the forecast period.

Competitor Landscape

The entry of new players in the market among personal care and food and beverage products is expected to intensify the competition in the years to come. Moreover, the present and new players’ focus of innovative packaging is likely to be a lucrative strategy to capitalize on. The companies operating in the market are Rexam PLC, Silgan Containers LLC, Independent Can Company, Crown Holdings, Inc., and SKS Bottle & Packaging, Inc., among others.

More from Packaging Market Intelligence:

PVDC Coated Films Market Segmented By Material Type - Polyethylene (PE), Polyethylene terephthalate (PET), Polyvinyl chloride (PVC),Polypropylene (PP), Polyamide (PA); By Application Type - Laminates, Wraps, Lidding films, Pouches & Bags, Blisters; By End Use Industries - Food ( Fruits & Vegetables, Meat, Poultry & Seafood, Bakery & Confectionery, Ready-to-eat, Dairy products), Healthcare & Pharmaceuticals, Cosmetics & Personal Care: https://www.futuremarketinsights.com/reports/pvdc-coated-films-market

Stretch Films Market Segmented By Material Type - Polyethylene (PE)(Linear low-density polyethylene (LLDPE), Low-density polyethylene (LDPE)),Polypropylene (PP),Polyvinyl Chloride(PVC); By Product Type - Hand Stretch Film, Machine Stretch Film, Specialty Stretch Film; By Manufacturing Type - Cast stretch Film, Blown Stretch Film; By End Use - Food & Beverage ( Meat & Fish, Dairy Products, Fruits & Vegetables ), Pharmaceutical, Personal Care, Electronics, Paper & Textiles: https://www.futuremarketinsights.com/reports/stretch-films-market

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
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Email: sales@futuremarketinsights.com
Web: www.futuremarketinsights.com

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