Metal Cans Market Estimated at US$41.3 Billion in 2007, According to New Report by Global Industry Analysts, Inc.
The metal containers market (comprising of metal cans, barrels, drums and pails) faces tough competition from a host of viable product substitutes such as glass, plastic and paperboard. Given the competitive scenario, the world metal cans, barrels, drums & pails market is expected to reach 398,312 million units by 2010.
San Jose, CA (PRWEB) July 9, 2007 -- Continued utilization of glass bottles, and the growing popularity of PET packaging exerted a significant impact on the metal cans industry. To sustain operations in such a competitive environment and driven by the need to differentiate their products, manufacturers are employing innovative techniques and incorporating novel features into their products. Innovation has become the keyword, as they novel innovative forming techniques, increased durability, improved visual appeal, and faster production speed for manufacturing products. Saturated market conditions sparked a series of strategic mergers and acquisitions across various end-use markets.
"Metal Cans, Barrels, Drums & Pails: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, challenges, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia, Latin America and the Middle East. Value and volume analytics are provided in terms of product segments including Metal Cans (Aluminum Cans and Steel Cans), Metal Barrels and Metal Drums & Pails; and end-use segments including Beverages, Food, Aerosol Containers and General Line Applications.
Growing markets in Asia-Pacific and Latin America offer enormous potential with growth stemming from greater affluence, rising disposable incomes and increasing beverage consumption. United States and Europe account for about 60 percent share while Asia-Pacific represents the fastest growing regional market through 2010. Aluminum cans market is estimated at 198,205 million units in 2007. Beverage cans market is expected to reach about 251,262 million units by 2010. In terms of value, metal cans are estimated at US$41.3 billion in 2007. Steel cans market is projected to exceed US$25 billion in 2009. Aluminum cans constitute the largest product segment, while beverages represent the leading end-use.
The metal cans, barrels, drums & pails market is characterized by the presence of players such as Alcan, Amcor, Ball Corporation, BWAY Corp, Hokkai Can, Impress Group, Rexam, Crown Holdings, Metal Container Corporation, Mitsubishi Materials, Silgan Holdings and others.
For more details about this research report, please visit www.strategyr.com/MCP-2667.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site www.StrategyR.com
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