Metal cans are the key metal packaging components first launched at the onset of 19th century. It was initially used for the packaging of wine however, later on its application have been expanded into some end use industries such as food & beverage products, oil, chemicals. Such type of cans are primarily manufactured from steel, aluminum, tin, etc. Following key points have been excerpted from an exclusive interview between a market researcher and industry analysts.
What do you think will be the future of the global metal cans market?
According to Future Market Insights, the global metal cans market is estimated to witness expansion at 4.8% CAGR during 2017-2026. The market is likely to reach valuation of nearly US$ 102 Bn by the end of 2026.
Why do you think the global metal cans market will gain momentum?
Owing to increasing use of metal cans in the food and beverage industry, particularly in packaging of aerated and non-aerated beverages. Increase in the portfolio of personal products is anticipated to naturally expand the global market for metal cans. The demand for metal cans is increasing due to the fact that they are reusable products without losing quality and sturdiness of the product. Further, increasing awareness of use of non-carcinogenic as well increased demand for lightweight packaging is boosting the growth of the market.
What are the different types of materials used for the manufacturing of these cans, according to you?
Well, steel, tin and aluminum are the largely utilized products for the manufacturing of metal cans. However, aluminum is widely used material for the production of such type cans. Therefore aluminum is anticipated to lead the market in terms of raw material.
According to you, what are the fabrication types of metal cans?
Based on the fabrication type, the global market for metal cans has been segmented into two piece and three piece cans. Two piece can segment is anticipated to witness higher CAGR than that of three piece cans. Further, two piece can segment is likely to retain its dominance throughout the forecast period.
Why do you think APEJ will retain its dominance in the global metal cans market?
APEJ region is anticipated to retain its dominance in the global metal cans market throughout the forecast period. The market in the APEJ region is likely to reach valuation of approximately US$ 27 Bn by the end of 2026. The expansion of the market in the APEJ region is attributed to the increasing population and emergency to cater to their rising needs. The increasing demand in this region has led to set up new manufacturers in this region. On the other hand, North America and Europe are anticipated to closely follow APEJ and will have very close competition in foreseeable future. However, these regions are anticipated to exhibit sluggish expansion as compared to APEJ region throughout the assessment period.
What according to you are the prominent players operating in the global market for metal cans?
Typically, Rexam PLC, Independent Can Company and Silgan Containers LLC are observed as the leading companies in the global metal cans market. However, SKS Bottle & Packaging, Inc. and Crown Holdings, Inc. have also consolidated their footprints in the global market.
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