Research and Markets adds the "Food & Beverage Metal Cans Market by Type, Material, Application - Global Forecast to 2022"
November 2, 2016
by Canadian Packaging staff
DUBLIN—Research and Markets has announced the addition of the “Food & Beverage Metal Cans Market by Type, Material, Application – Global Forecast to 2022” report to their offering.
The food and beverage metal cans market has grown rapidly over the past few years and is projected to reach 551.38 billion units by 2022, and by value it is projected to reach US $63.01-billion by 2022.
The primary factors driving the food and beverage metal cans market are the recyclable and reusable properties of metal cans, nutritional contents and cheaper price of canned food, and hygiene offered by packaged food and beverage products. The major restraints are customers moving towards alternative packaging options, high cost of metals, and the growth of metal cans is sluggish in developed markets.
Emerging economies such as BRIC (Brazil, Russia, India, and China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) are poised to account for much of the global growth for metal cans in the upcoming years. Growth in these countries is mainly driven by the favorable demographics, rising household incomes, and busy lifestyles of consumers, inclining them towards ready meals and canned foods in particular.
Food and beverage companies are pursuing aggressive growth strategies in emerging economies by diversifying their product offerings and strengthening their distribution base. Metal can packaging companies can increase their presence by serving their customers in new regions such as Asia, Latin America, the Middle East, and Africa. Growth in these developing regions over the next few years exhibits promising opportunities for business expansion.
Leading players in the food & beverage metal cans market are:
Other companies mentioned in the report are:
Key Topics Covered:
For more information about this report visit http://www.researchandmarkets.com/research/bv3n8x/food_and_beverage.