Global Food Tins and Drink Cans Market Overview:
Food packaging is more than just offering protection to the food inside. Food packaging is an integral part of new product launches and marketing and messaging. There are various roles of food packaging like food protection, food safety, keep food fresh, and brand identity. Food Tins and Drink Cans market is going up with the increasing demand for ready-to-eat food and beverages. They offer many benefits like they make it easy to transport, unlike plastic-based packaging this packaging is more often than not recyclable. With the changing urban lifestyle and increasing tend of consuming ready-to-eat products due to the convenience they offer the demand for Food Tins and Drink Cans packaging is increasing.
Growth Drivers
- Demand for Food Tins and Drink Cans to Increase the Shelf Life of Product
- Increasing Consumption of Food Tins and Drink Cans Due to Their Flexibility in Packaging
Market Trends
- The trend of Using Easy to Open Packaging in Food Tins and Drink Cans
- Adoption of Custom Shaped Cans for Unique Identity
Roadblocks
- Negative Effect of Covid-19 Pandemic on Food Tins and Drink Cans Industry
Opportunities
- Growing Consumption of Packaged Food in Urban Areas Will Increase the Demand of Food Tins and Drink Cans
- Increasing Number of Food Start-Ups Will Boost the Demand of Food Tins and Drink Cans
Challenges
- Plastic Is A Prominent Alternative to The Tins and Cans
Competitive Landscape:
Some of the key players profiled in the report are Crown (United States), Ball Corporation (United States), Silgan Holdings Inc. (United States), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Toyo Seikan Group Holdings Ltd (Japan), Universal Can Corporation (Japan) and Independent Can Company (United States). Additionally, following companies can also be profiled that are part of our coverage like Mauser Packaging Solution LLC (Germany), Visy (Australia) and CCL Industries (United States). Considering Market by Sales Channel, the sub-segment i.e. B2B will boost the Food Tins and Drink Cans market. Considering Market by Product, the sub-segment i.e. Aluminum Food Tins and Drink Cans will boost the Food Tins and Drink Cans market.
Latest Market Insights:
On April 30th, 2019, Can-One Bhd reported that its RM3.10 deal for Kian Joo Can Factory Bhd shares has concluded, with the offeror owning 432.96 million shares or 97.48 percent of the stock. Since Can-One does not plan to keep KJCF listed, trading of the latter's shares will be suspended as of May 9, according to Can-stock One's exchange filing. Provided that it has issued legitimate acceptances of not less than nine-tenths of the value of KJCF's stock, Can-One said it would buy any outstanding bid shares compulsorily.
According to PFA rules, “A utensil or container made of metals, when used in the preparation, packaging and storing of food shall be deemed to render it unfit for human consumption if: a) containers which are rusty b) enamelled containers which have become chipped and rusty c) copper or brass containers which are not properly tinned” and so on.
What Can be Explored with the Food Tins and Drink Cans Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Food Tins and Drink Cans Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Food Tins and Drink Cans
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Tins and Drink Cans market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Tins and Drink Cans market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Food Tins and Drink Cans Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.