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Rising Popularity of Bi-Metal Cans Drives Market Growth: Projected to Reach USD 45.5 Billion by 2032 | FMI
Bi-metal Cans Market
The bi-metal cans market refers to the manufacturing, distribution, and sales of cans made of two layers of different metals. The most common metals used for bi-metal cans are aluminum and steel. The aluminum layer is typically on the inside, while the steel layer is on the outside. This combination of metals creates a can that is strong, lightweight, and corrosion-resistant.
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Bi-metal cans are used for packaging various products, such as food, beverages, chemicals, and pharmaceuticals. They are a popular choice for brands that want to ensure the safety and quality of their products while reducing their environmental footprint.
Bi-metal Cans Market Trends and Drivers-
The bi-metal cans market is witnessing several trends and drivers that are shaping its growth and outlook. Here are some of the most significant ones:
• Sustainability and Eco-Friendliness- One of the most prominent trends in the packaging industry is the shift towards sustainable and eco-friendly solutions. Bi-metal cans are an excellent example of this trend, as they are recyclable and reduce the carbon footprint compared to other packaging materials.
• Increasing Demand for Canned Beverages- The beverage industry is one of the primary users of bi-metal cans, and it is growing rapidly. The demand for canned beverages is driven by various factors, such as convenience, affordability, and portability.
• Technological Advancements in Can Manufacturing- The manufacturing process of bi-metal cans has evolved significantly over the years, thanks to advancements in technology. The latest can manufacturing technologies allow for better quality control, increased efficiency, and reduced costs.
• Stringent Government Regulations- Governments around the world are increasingly focusing on reducing the environmental impact of packaging materials. Regulations promoting eco-friendly packaging, such as the EU's Single-Use Plastics Directive, are driving the demand for sustainable packaging solutions like bi-metal cans.
Who are the Key Players in the Global Bi-metal Cans Market?
Some of the key players in the global bi-metal cans market includes
• Ardagh Group S.A.,
• Ball Corp,
• Crown Holdings, Inc.,
• The Tinplate Company Of India Limited,
• NCI Packaging Pty. Ltd., and
• Cerviflan Industrial e Comercial Ltd.
Investment in collecting back the bi-metal cans by the product companies is a growing trend in many developed areas. Such strategies by consumable products manufacturers is anticipated to create a favourable demand for bi-metal cans in the future.
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Major Developments in the Global Bi-metal Cans Market
• In January 2020, Ardagh Group purchased a facility of Huron at Ohio for increasing its production capacity of different types of metal cans. This major development is expected to increase the volume and sales of bi-metal cans of the company.
Market Segmentations
• Material Type
• Product Type
• Capacity
• Filling Method
• End Use Industry
• Region
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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