Metal Cans Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2023

Summary

Global Metal Cans Market Information by Material (Aluminum, Steel, and Tin), by Type (Two Piece Metal Can and Three Piece Metal Can), by Application (Food, Beverage, and Others) and By Region - Global Forecast till 2023

Key Players

Some of the prime player profiled by MRFR that are operating in the global metal cans market are Rexam plc (the U.K.), Silgan Containers LLC (the U.S.), Kian Joo Can Factory Berhad (Malaysia), Independent Can Company (the U.S.)

Segmentation

The global metal cans market has been segmented on the basis of material, type, application, and region. Based on material, the global market has been segmented into aluminum, steel, and tin. The aluminum segment commands the dominant share of the global metal cans market owing to the high utilization of aluminum due to its light-weight and non-reactive nature towards all kinds of beverages and food items. Based on type, the global metal cans market has been segmented into two piece metal can and three piece metal can. The two piece metal can segment commanded for the major share of the global metal cans market in the year 2016 and is anticipated to expand at the fastest growth rate during the forecast period. Based on application, the global metal cans market has been segmented into food, beverage, and others. The beverage segment commanded the dominant share of the global metal cans market in the year 2016 and is anticipated to project fastest growth during the assessment period.

Regional Analysis

Geographically, the global metal cans market has been segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. The North America and Europe region are currently projecting dominance over the global metal containers market. Changing lifestyle, increased popularity of canned food products, high demand for packaged alcoholic and nonalcoholic beverages and changing dietary habits are majorly propelling the growth of the metal cans market in the North America region. High demand for metal cans in food and beverages industry is fueling the expansion of the metal cans market in the Europe region. Rise in production of metal cans due to the availability of cheap raw materials and labor in the emerging economies is also contributing to the growth of the metal can with lid market in the Asia Pacific region.

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