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Showing posts with the label Metal Cans Industry

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