Published on : Jul 31, 2018
Albany, New York, July 31, 2018: Market Research Hub (MRH) has recently broadcasted a study titled “Metal Cans Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2026)” to its vast repository, which provides holistic overview of the global market with reference to the growth trajectory of the historical, present, as well as future scenarios. According to the business intelligence study, the global metal cans market is expected to rise at a CAGR of 4.8% during the forecast period of 2017-2026.
In this 170-page detailed study, the research study presents market preface which talks about market definition, key research objectives, and research highlights. Further, the readers can access data about the executive summary that covers market snapshot to enlighten them about the motive of the study. Other important facets studied in this section include market dynamics and competitive strategies.
Over the years, the main motive of metal cans was for the packaging of wine, but its scope of application has now prolonged into various end-use service packing purposes such as edible food & beverage items, chemicals, oil etc. Metal Cans are generally made up of materials such as steel, aluminum, and tin and contributes more than one third of the overall metal packaging market. Analysts of the research report have given significant attention to the major regions, where the market has a massive scope.
In terms of geography, the research majorly focuses on some of the prime regions including Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), North America, and the Middle East and Africa (MEA). Among these, Asia Pacific except Japan (APEJ) is expected to lead the global market, mainly driven by rising population. One of the major fact observed in the study is that the demand for metal cans is rising subsequently because they are completely recyclable without losing the durability and quality of the product. The rising use of these can in the packaging of food and beverages, mainly in the packaging of non-aerated and aerated beverages giving a significant boost to the market growth steadily.
As the research proceeds, the study provides a comprehensive view of the metal cans market by dividing it into following types: material type, fabrication type, application and end-user. By material type, the study covers aluminium, steel and tin. By fabrication type, two-piece can and three-piece are the two major types outlined in the study. Major end-user include the pharmaceutical industry, consumer goods, chemical and food and beverages.
The final section of the report discourses information about the competitive landscape; it offers a detailed status about the different players operating in the market. They are Independent Can Company, Silgan Containers LLC, Rexam PLC, Crown Holdings, Inc., and SKS Bottle & Packaging, Inc., among others.
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