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Metal Cans Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Metal Type (Aluminum, Steel), By Application (Beverages, Fruits, And Vegetables, Convenience Food, Meat And Seafood, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061612052 | Pages:  110

The metal cans market is expected to foresee growth at a CAGR of 1.71% to reach US$57.255 billion by 2024, from US$51.719 billion in 2018. The rising adoption of metal cans in the food and beverage industry is driving the growth of the global metal cans market in the forecast period. This is due to the fact that metal cans help in the prevention of food decomposition and thus preserve it for a long time. The changing lifestyle conditions of people owing to the growing busy lives is further propelling the market growth which has increased the demand for processed and canned food and beverages. Additionally, the growing trend of ready-to-eat, ready-to-cook foods will further emanate the growth of the global metal cans market in the coming years and beyond. However, the rising concern regarding the impact of metal mining on the environment is restraining the market growth.

This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the metal cans value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the metal cans market.

Major industry players profiled as part of the report are Amcor Limited, BALL CORPORATION, Silgan Containers LLC, and Crown Holdings, Inc. among others.

Metal Cans Market Scope:

Report Metric Details
 Market size value in 2018  US$51.719 billion
 Market size value in 2024  US$57.255 billion
 Growth Rate  CAGR of 1.71% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Metal type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Amcor Limited, Ball Corporation, Silgan Containers LLC, Crown Holdings, Inc., Ardagh   Group, BWAY Corporation, Independent Can Company, Can Pack SA
 Customization scope  Free report customization with purchase

 

Segmentation

The metal can (food and beverage) market has been analyzed through the following segments:

By Metal type

Aluminum

Steel

 

By Application

Beverages

Fruits and Vegetables

Convenience food

Meat and Seafood

Others

 

By Geography

North America

USA

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

Australia

South Korea

India

Others


Frequently Asked Questions (FAQs)

Q1. What will be the metal cans market size by 2024?
A1. The metal cans market is expected to reach a total market size of US$57.255 billion by 2024.
 
Q2. What are the growth prospects for the metal cans market?
A2. The global metal cans market is expected to foresee growth at a CAGR of 1.71% during the forecast period.
 
Q3. What is the size of the global metal cans market?
A3. Metal Cans market was valued at US$51.719 billion for the year 2018.
 
Q4. Who are the major players in the metal cans market?
A4. Major industry players profiled as part of the metal can market report are Amcor Limited, BALL CORPORATION, Silgan Containers LLC, and Crown Holdings, Inc. among others.
 
Q5. What factors are anticipated to drive the metal cans market growth?
A5. The rising adoption of metal cans in the food and beverage industry is driving the growth of the global metal can (food and beverage) market in the forecast period.

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