About Food & Beverage Metal Cans
With the development in the food & beverage industry, this market is noticing huge development. Along with that, it is considered as low-cost packaging, and environmentally friendly also. The major challenge in this industry is the raw materials represent a near-constant headache for manufacturers. With another recession looming and a global trade war growing more intense, volatile raw material prices have posed distinct challenges throughout 2019 and promise to do so into the foreseeable future. International trade disputes between the US and China have disrupted the tariffs and other export-import related operations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
There are various companies that are operating in the market are exploring the market in new geographical regions by adopting various market strategic growth such as mergers & acquisitions, new product launches, and others. There are various players are entering this market are focusing on new manufacturing technology. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food & Beverage Metal Cans market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Crown Holdings, Inc (United States), Ball Corporation (United States), Silgan Holdings Inc. (United States), Ardagh Group (Luxembourg), Huber Packaging Group GmbH (Germany), CCL Industries (United States) and Toyo Seikan Group Holdings Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Universal Can Corporation (Japan), Independent Can Company (United States) and Mauser Packaging Solution LLC (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Food & Beverage Metal Cans market by Type (2-Piece and 3-Piece), Application (Food, Fruits & Vegetables, Convenience Food, Pet Food, Meat & Seafood, Others, Beverage and Alcoholic Beverages) and Region.
On the basis of geography, the market of Food & Beverage Metal Cans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Materials, the sub-segment i.e. Aluminum will boost the Food & Beverage Metal Cans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Direct Sales will boost the Food & Beverage Metal Cans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Degree Of Internal Pressure, the sub-segment i.e. Pressurized Cans will boost the Food & Beverage Metal Cans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Market Rivalry and Growing Adoption from Alcoholic, Non-Alcoholic, And Carbonated Drinks
Market Growth Drivers:
Increase Awareness Regarding Recyclable Properties of Metal Cans and High Adoption from End Users
Challenges:
Increase Acceptance of Plastic for Packaging Because of their Low Cost and Rising Demand for Biodegradable Packaging
Restraints:
Increase the Presence of Substitute Products in the Market
Opportunities:
Growing On-The-Go Snacking Trends and Portable Nature of Metal Cans and Emerging Economies Offer High-Growth Potential
Market Leaders and their expansionary development strategies
In May 2023, Ball Corporation Acquires Tecnocap, The acquisition of Tecnocap by Ball Corporation represents a strategic move to capitalize on the growth potential of the Brazilian Food & Beverage Metal Cans market. It could benefit Ball, the Brazilian industry, and potentially create jobs, while also increasing competition in the market.
In June 2023, The new glass-free aluminium format launch will focus on four of the Northumberland-based brand’s most popular SKUs – English Tonic Water, Premium Lemonade, Ginger Ale and Soda Water. The beverages will be supported by a range of launch offers and promotions with partner wholesalers over the summer season.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Food & Beverages Metal Cans Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.