Metal Cans, Barrels, Drums and Pails: A Global Strategic Business Report
San Jose, California (PRWEB) March 30, 2012
Follow us on LinkedIn – Amidst the competitive pressures from alternative materials including plastics and paper, growth in the metal cans market continues to be shaped by innovations in packaging designs and shapes that reflect easy handling and environmental safety. While environmental concerns have triggered technology advancements in the industry, consumer preferences are creating novel opportunities. The wide range of can sizes available today indicate the growing trend of product differentiation and individualization, as brand owners try to achieve maximum product visibility on retail shelves to drive sales. New forming techniques have created opportunities for producing cans of a variety of shapes and unique designs. Manufacturers are also coming out with shorter and compact metal cans that are ideal for multipacks and portion-conscious consumers.
Another factor sustaining the demand for the packaging material is development of high-quality can graphics, and novelty finishes such as crackle effect, debossing, holographic effect, and mirror effect that help create product differentiation and sales traction at the point-of-purchase. In addition to their widespread utilization as beverage containers, designer cans are being employed in other markets such as health and cosmetics. Another trend reshaping the market dynamism is the development of materials other than aluminum. One of the primary market drivers for global metal cans market is expected to be the impressive growth rates of beverage industry. The recent years have also witnessed craft beer breweries adding cans into their packaging mix to stimulate sales. Growth is more prominent in the sports and health drinks sector, as well as other categories such as energy drinks, juices, flavored water, and ice teas.
As stated by the new market research report on Metal Cans, Barrels, Drums and Pails, the US dominates the global landscape. Asia-pacific is poised to grow at the fastest CAGR over the review period. Though the global consumer packaging industry was significantly affected by recession, the market is well on the road to recovery with the market values inching sluggishly to 2008 levels. Though the near term prospects remain misted amidst the volatile economic scenario, long-term growth is expected to primarily emanate from the emerging markets of Asia, Latin America, Eastern Europe, Africa, and the Middle East. These markets continue to spell growth opportunities owing to increasing urbanization, internationalization, growing disposable incomes of consumers and low penetration of beverage cans. The recent years have also witnessed beverage can manufacturers investing in joint ventures, new facilities, and capacity expansions in the attractive markets of South East Asia and South America to meet the growing consumer demand. Segment-wise, Metal Cans, comprising aluminum and steel cans, represents the largest product segment. Beverages represent the largest end-use segment in volume terms.
Key players profiled in the report include, Amcor Ltd., Ball Corporation, US Can Corporation, BWAY Corporation, Can Pack S.A., Crown Holdings Inc., Americas Division, Crown Asia-Pacific Holdings Ltd., Crown Europe S.A., Ardagh Group S.A., Rexam Plc, Silgan Containers Corporation, Toyo Seikan Kaisha Ltd., and Universal Can Corporation.
The research report titled "Metal Cans, Barrels, Drums and Pails: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in by volume and dollar sales across major geographic markets including the US, Canada, Japan, Europe, Asia-Pacific, Latin America and the Middle East. Product group/segments analyzed include Metal Cans (Aluminum Cans and Steel Cans), Metal Barrels, and Metal Drums and Pails. End-use segments analyzed include Beverages, Food, Aerosol Containers, and General Line Applications.
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Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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