Global Metal Food Cans Market Overview:
Metal food cans are the type of cans used for the storage and distribution of food. These cans are made from aluminium, and steel, among other materials. Metal food cans are widely used for the storage of fruits & vegetables, convenience food, pet food, meat & seafood, beverages, and other applications. High recyclability of the packaging due to less usage of energy is one of the key driver supporting the growth of the market.
As per latest study released by AMA Research, the Global Metal Food Cans market is expected to see growth rate of 9.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
High Recyclability of the Packaging Due to Less Usage of Energy and Convenience and Lower Price Offered by Canned Food
Challenges:
Naked produce without packaging
Restraints:
Presence of Alternate Packaging Solutions as Polyethylene Terephthalate and Corrosion is one of the major Issue of Metal Food Cans
Opportunities:
The Growth Opportunities from Emerging Economies
Competitive Landscape:
Some of the key players profiled in the report are Silgan Containers LLC (United States), Crown Holdings (United States), Ball Corporation (United States), Ardagh Group SA (Ireland), Wells Can Company (Canada), Aaron Packaging, Inc. (United States), CAN-PACK S.A (Poland), Tetra Laval International S.A. (Switzerland), CPMC Holdings (China) and Kian Joo Group (Malaysia). Additionally, following companies can also be profiled that are part of our coverage like Kingcan Holdings Limited (Cayman Islands). Analyst at AMA Research see United States Vendors to retain maximum share of Global Metal Food Cans market by 2030. Considering Market by Material Type, the sub-segment i.e. Aluminum will boost the Metal Food Cans market.
Latest Market Insights:
In January 2022, Ardagh Metal Packaging Europe launched HIGHEND, a new addition to its customization range, which offers customers brand-enhancing creative opportunities. The technology allows high-quality decoration in CMYK colors on the entire shell surface, meaning brands can highlight, customize and differentiate their cans with maximum visual impact
In December 2018, Ball Corporation announced an agreement to sell its metal beverage packaging facilities in China to ORG Technology Co. Ltd., a leading Chinese metal packaging company, for approximately USD 225 million total transaction consideration including cash, plus potential additional consideration related to the relocation of an existing facility over the next several years, which the company currently expects to be in the range of USD 50 million to USD 75 million.
What Can be Explored with the Metal Food Cans Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Metal Food Cans Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Metal Food 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 Metal Food 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 Metal Food 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 Metal Food Cans Manufacturers, Metal Food Cans Raw Material Suppliers, Metal Food Cans Traders/Distributors, Metal Food Cans Importer/Exporter, Regulatory & Government Bodies, End Users 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.