Global Food & Beverage Metal Cans Market to observe high growth by 2016-2024

Zion Market Research, the market research group announced the analysis report titled ‘Food & Beverage Metal Cans Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’

Global Food & Beverage Metal Cans Market: Overview

Metal cans are containers which are used in storage and distribution of the food products. They are used for packaging canned food items such as beverages, pet foods, and others. Metal cans are made up of aluminum, tin-coated steel, tin-free steel, and other materials. Tinplate steel is used for packaging as it possesses corrosion resistance, high physical strength, and relatively low price. Aluminum cans hold high malleability hence is easy to manufacture, it provides resistance to corrosion, and is less expensive than tin-plated steel. Food & beverage metal cans are used in the large quantity by the packaging industry.

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Global Food & Beverage Metal Cans Market: Growth Factors

Food and beverage companies are focusing on adopting metal cans to prevent the food items from spoilage and contamination which gives rise to the market growth. Changing lifestyle and shift in eating habits of the consumers have highly impacted the global food and beverage market. The rising popularity of cold drinks and canned juices among young generation is anticipated to witness growth in future. Hypermarkets and supermarkets offer wide varieties of food and beverages to the consumers that are preserved in the cans which are augmenting the market growth. The metal cans are recycled and reused which is also contributing to the increasing demand for packaging the food and beverage items in metal cans. Rising environment concerns due to mining of iron, aluminum, and other metals may restrain the growth of the market.

Global Food & Beverage Metal Cans Market: Segmentation

The global food & beverage metal cans market is categorized based on its application, type, material, and components. The application segment consists of beverage and food. The type segment includes 3-piece cans and 2-piece cans. On the basis of material, the global market is segmented as steel and aluminum. Based on components the global food & beverage metal cans market is fragmented as sports & energy drinks, alcoholic beverages, convenience food, meat & seafood, fruits & vegetables, carbonated soft drinks, pet food, and others.

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Global Food & Beverage Metal Cans Market: Regional Analysis

Asia Pacific region contributed for the largest market share owing to increasing population and the changing eating habits of the consumer. Developing economic conditions and rising disposable incomes in the Asia Pacific region further boosts the market growth. Emerging economies such as China and India are growing at a faster rate due to higher demand for food and beverage metal cans, young population base, and robust growth of the food and beverages industry fuels the market growth. Some food and beverage metal cans companies in these regions are focusing on expanding their businesses in the other developing countries in order to reduce the labor costs. North America and Europe are using advanced technologies in the field of packaging food and beverage such as cold drinks, food products, and other beverages which lead to the global food and beverage metal cans market growth.

Global Food & Beverage Metal Cans Market: Competitive Players

Major players operating in the global food & beverage metal cans market are Ball Corp., Can-Pack S.A., Toyo Seikan Kaisha Ltd., Rexam Plc., Sonoco Products Co., and Alcoa Inc.

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Food & Beverage Metal Cans Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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