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Metal Cans Market Scenario, Leading Players, and Growth Drivers to 2020

Metal cans are steel or aluminium container mainly used for the storage of goods such as beverages, foods and chemicals. The global metal cans market is expected to reach USD 52.83 billion by 2020, according to a new study by Grand View Research, Inc.


Increasing environmental benefits coupled with growing demand for beverages and canned foods are expected to drive metal cans demand over the next six years. In addition, fast recycle rate for metal cans in comparison to conventional materials such as glass and plastics is further expected to augment its market growth. Technological innovation and use of eco-friendly products are further expected to serve as key growth opportunity.

Beverages were the largest product segment with consumption of 280,809.8 million cans in 2013, expected to reach 347,915.3 million cans in 2020, growing at a CAGR of 3.1% from 2014 to 2020. The demand for metal cans in beverages is expected to rise due to its benefits such as excellent protection from ultraviolet rays and extended coolness.

Moreover, product differentiation and innovation in shape and size of metal cans is expected to boost their demand in beverages. Within beverages, alcoholic beverages dominated market with demand exceeding 127,300.0 million cans in 2013, and generated revenue of USD 16.12 billion in 2013.

To Know More About Metal Cans Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/metal-cans-market 

Top Players of Metal Cans Market:

Key participants in global metal cans market include CPMC Holdings Ltd., Amcor Ltd., Siligan Containers Corporation, Ardagh Packaging Group Plc., Crown Holdings Inc. and Sonoco Phoenix Inc.

Market Segmentation of Metal Cans Market:

The Global Metal Cans Market segmented on the basis of Product and Region.

By Product:

Beverages
Carbonated Soft Drinks
Alcoholic Beverages
Fruit and Vegetable Juices
New Drinks
Foods
Vegetables
Fruits
Soups and Miscellaneous Foods

By Region:

North America
Europe
Asia Pacific
RoW

Inquire about Metal Cans Market with Our Experts @ https://www.grandviewresearch.com/inquiry/413/ibb 
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