[ad_1]
XploreMR delivers incisive insights into emerging regions in its latest titled report, "Metal Cans Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2026)".
This press release was orginally distributed by SBWire
San Jose, CA – (SBWIRE) – 11/05/2018 – Metal Cans Are Mainly Types of Metal Packaging. It was originally used for wine packaging, but later its application expanded into several types of chemicals, oil, and food and beverage products, among others. Metal cans mainly made of materials such as tin, aluminum, and steel and more than one third of the total metal packaging market.
The global metal market is expected to become substantial in the coming years of the growing market of these products in the packaging of food and beverages, mainly in the packaging of non-aerated and aerated beverages. The rise of the portfolio of personal products is expected to increase the global metal market. The demand for metal is rising after the fact that they are completely recyclable without the sturdiness and quality of the product.
The demand for consumers for lightweight packaging and the rising awareness of the use of packaging materials are non-carcinogenic, are further expected to propel the demand for metal cans. However, the rising rate of replacement of polyethylene and PET can be expected as a roadblock in the progress of the market.
The new research report on metal cans published by XploreMR provides a comprehensive overview of the global market and presents a trajectory of the market in terms of historical, present, and future forecast. The strategy of the product market, strategies, mergers, acquisitions, and other important aspects pertaining to them. A segmental overview along with regions has been provided in the report. According to XploreMR, the global metal market is expected to rise to a CAGR of 4.8% 2017 to 2026.
Download Sample Copy of this report @ https://www.xploremr.com/connectus/sample/485
North America and Europe to Give Close Competition to APEJ
North America, Europe, Latin America, Asia Pacific except Japan, and Japan, the Middle East and Africa. Amongst these, Asia Pacific except Japan (APEJ) is expected to lead the global market with a valuation of over US27, 456 Mn. This growth can be attributed to the growing population in the region and the growing urgency to cater to their growing needs.
The setting up of new manufacturing units in the region is also one of the triggering factors for the market in the region. North America and Europe are expected to closely follow APEJ and also have a neck to neck competition. However, these areas are expected to exhibit as compared to APEJ.
Food and Beverages to be the Leading End-Use Industry
Based on end user, the market has been segmented into, food and beverage, pharmaceutical industry, consumer goods, and chemical. The leading end user among these is likely to be the food and beverages industry by the end of the forecast period. The growing need for innovative, inexpensive, and sustainable packaging in the food and beverages industry is expected to fuel the use of metal cans there. On the basis of material type, aluminum is expected to be the most preferred metal among all the metals used for the manufacturing of metal cans.
Vendor Landscape
The admittance of new players in the market between personal care and food and beverage products is expected to intensify the competition in the years to come. Moreover, the present and new players' focus of innovative packaging is likely to be a lucrative strategy to capitalize on. The companies operating in the market are Silgan Containers LLC, Rexam PLC, Crown Holdings, Inc., Independent Can Company, and SKS Bottle & Packaging, Inc., among others.
Buy Now Full Report @ https://www.xploremr.com/cart/reports/buynow/485
For more information on this press release visit: http://www.sbwire.com/press-releases/metal-cans-market-sustains-competitiveness-by-adoption-of-technological-innovations-1077592.htm
[ad_2]
Source link
