NEW YORK , Sept. 2, 2022 /PRNewswire/ -- The Y-O-Y growth rate of 2021 for METAL CANS MARKET FOR FOOD AND BEVERAGE INDUSTRY was estimated at 3.24%. Technavio categorizes the global metal cans market for the food and beverage industry as a part of the global metal and glass containers market within the overall global containers and packaging market. The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps. The global containers and packaging market include the combined revenue generated by manufacturers/providers of metal, glass, and plastic containers and paper packaging.
Nowadays, vendors prefer using metal cans for packaging new products. For instance, The mackerel line contains skinless and boneless mackerel fillets in marinades, and the tuna range features hand-picked pieces of tuna infused in oil. Thus, the rising number of launches of food and beverage products in metal cans is expected to drive the growth of the metal cans market for the food and beverage industry during the forecast period.
The major challenge impeding the metal cans market for food and beverage industry market growth is the increasing concerns about BPA present in metal cans. BPA is found to seep into food and beverage from metal containers. Exposure to BPA can cause various health issues which can hinder the growth of the global metal cans market for the food and beverage industry during the forecast period.
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Metal Cans Market for Food and Beverage Industry 2021-2025: Segmentation
The metal cans market for food and beverage market share growth by the beverage segment will be significant during the forecast period. The increasing launch of new beverages in metal cans is supporting the growth of the segment.
28% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for metal cans market for food and beverage market in North America . Market growth in this region will be faster than the growth of the market in MEA.
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Metal Cans Market for Food and Beverage Industry 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:
Metal Cans Market for Food and Beverage Industry size
Metal Cans Market for Food and Beverage Industry trends
Metal Cans Market for Food and Beverage Industry analysis
Metal Cans Market for Food and Beverage Industry 2021-2025: Vendor Analysis
Fujian Hejin Food Can Industry Co. Ltd.
National Can Industries Pty Ltd.
The metal cans market for food and beverage market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Metal Cans Market for Food and Beverage Industry 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist metal cans market for food and beverage industry growth during the next five years
Estimation of the metal cans market for food and beverage industry size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the metal cans market for food and beverage industry
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of metal cans market for food and beverage industry vendors
Browse Summary of the METAL CANS MARKET Report by End-user and Geography - Forecast and Analysis 2022-2026: The market value is set to grow by USD 7.59 billion , progressing at a CAGR of 2.64% from 2021 to 2026, as per the latest report by Technavio. 41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the metal cans market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Browse Summary of the METAL PACKAGING MARKET Report by End-user and Geography - Forecast and Analysis 2022-2026: The market value is set to grow by USD 7.59 billion , progressing at a CAGR of 2.64% from 2021 to 2026, as per the latest report by Technavio. 41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the metal cans market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Metal Cans Market for Food and Beverage Industry Scope
Accelerate at a CAGR of 3.61%
North America, Europe, APAC, South America, and MEA
US, Canada, China, UK, Japan, and Germany
Leading companies, competitive strategies, consumer engagement scope
Amcor Plc, Ardagh Group SA, Ball Corp., Berlin Packaging LLC, COFCO Corp., Crown Holdings Inc., Fujian Hejin Food Can Industry Co. Ltd., J.L. Clark, National Can Industries Pty Ltd., and Silgan Holdings Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse for Technavio "MATERIALS MARKET" Research Reports
3.4 Market outlook: Forecast for 2020 - 2025
5.3 Beverage - Market size and forecast 2020-2025
5.4 Food - Market size and forecast 2020-2025
7.3 North America - Market size and forecast 2020-2025
7.4 Europe - Market size and forecast 2020-2025
7.5 APAC - Market size and forecast 2020-2025
7.6 South America - Market size and forecast 2020-2025
7.7 MEA - Market size and forecast 2020-2025
10.9 Fujian Hejin Food Can Industry Co. Ltd.
10.11 National Can Industries Pty Ltd.
11.2 Currency conversion rates for US$
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