Food & Beverage Metal Cans Market Projected to $49.20 Billion by 2019 - New Report by MarketsandMarkets

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Food & Beverage Metal Cans Market research report provides in-depth market insight into the global market that is currently the one of the prominent segments.(http://www.marketsandmarkets.com/Market-Reports/food-cans-market-251.html)

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key industry players in the food & beverage metal cans market are Ardagh Group (Luxembourg), Ball Corporation (U.K.), Can-Pack S.A. (Poland), CPMC Holdings (China), Crown Holdings Inc. (U.S.), Huber Packaging (Germany), KIAN

The report “Food & Beverage Metal Cans Market by Application [Beverages (Alcoholic, CSD, Sports & Energy Drinks, Others), Food (Fruit & Vegetable, Convenience Food, Pet Food, Meat & Seafood)], by Material (Aluminum & Steel) - Global Forecast to 2019”, the global food & beverage metal cans market in terms of value ($ billion) is projected to reach $49.20 billion by 2019, at a CAGR of 2.9% from 2014 to 2019.

Browse 89 market data tables and 76 figures spread through 162 pages and in-depth TOC on “Food & Beverage Metal Cans Market - Global Forecast to 2019”.
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Early buyers will receive 10% customization on this report.

The food and beverage metal cans market is driven by the key market players with expansions and investments as their preferred strategy to sustain the competition in the market and garner a larger market share.

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The food & beverage metal cans packaging industry is a key contributor to the consumer packaged goods industry. This research report analyzes the markets for major material types of metal cans for packaging which include aluminum & steel and their applications in the food & beverage packaging industry. The beverage metal cans market is one of the most prominent packaging markets with a shift in types of materials used and applications varying across different regions. This report estimates the market size of the global food & beverage metal cans market in terms of volume (billion units) and value ($billion). Aluminum cans are the most preferred material type for beverage can packaging, whereas steel cans dominate the food can packaging market in terms of application. North America holds the largest market share in global food & beverage metal cans market whereas the Asia-Pacific region is exhibiting the fastest growth. However, in the forthcoming years developing regions such as Asia-Pacific (China, India) and Rest of the World (Brazil, Middle East) are expected to form new revenue generating pockets for the major market players in the food & beverage metal cans market. Economic development, changing lifestyle, increasing convenience foods consumption, ease of recyclability, consumer preferences towards metal cans and government support in these two regions are the key factors driving the growth of the global food & beverage metal cans market.

Beverage application holds the majority share in the application market. This is mainly due to the companies looking to provide convenience factor for consumers while consuming beverages. In beverage applications carbonated soft drinks (CSD) held the majority share while sports and energy drinks exhibited the fastest growth. Growth of beverage consumption in emerging markets such as China, India, Indonesia, Africa, Middle East and Brazil is set to drive demand for beverage metal cans. There is a stark difference in terms of raw material usage in beverage and food applications. Beverage cans are mostly made up of aluminum while steel is predominantly used for food metal cans.

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The food metal cans market is projected to reach 102.5 billion units by 2019. Globally, the changing lifestyle of the people and increasing consumption of ready made meals is driving the demand for food metal cans. The emerging economies in the Asia-Pacific region hold attractive growth prospects for this market in the coming years due to their rising disposable income, increasing population and rapid urbanization. Food can applications mainly comprise of vegetables & fruits, convenience food, pet food, meat & seafood, and others. The others segment includes bakery and confectionary, pastas, chocolates, etc. Vegetables & fruits are the major contributors for the food metal cans market, followed by meat and seafood products. Convenience food is projected to be the fastest growing application due to the rising demand for convenience food products. Demand for meat and sea food products is also projected to be higher due to increasing consumption of these products.

The report includes development strategies and product portfolios of the leading companies. The profiles of leading companies such as Ball Corporation (U.K.), Can-Pack S.A. (Poland), CPMC Holdings (China), Crown Holdings Inc. (U.S.) and Rexam PLC (U.K.) have been included in the report. The report further provides qualitative analysis of the prominent market players and their preferred development strategies.

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