Metal Cans Market - Market Analysis, Size, Growth And Trends

The worldwide metal cans market is, at present, one of the most significant sections of the industry of food and beverage packaging. It is estimated to achieve a size of almost USD 53 billion by 2020 and is expanding in various regions of the globe. Two such regions of the metal cans market that are expanding are Asia Pacific and the rest of the world. Containers that enable the stocking up and allocation of goods, such as beverages, food items, oil and chemicals, amidst others are known as metal cans. Metal cans, as their name suggests, are generally manufactured from metals and are available in different forms and sizes. Round cylindrical cans are the most common kind of metal cans. Beverage cans can stay cold for extended periods. A synthetic material is used to cover the insides of these cans and helps prevent them from reacting with the solution inside. The food and beverage metal cans market has been expanding quickly over the last ten years and this expansion is likely to sustain. Steel and aluminium are used a lot in making metal cans. More consumption of food, sea food and meat and increased disposable income of emerging economies affect the worldwide metal cans market. Market Overview The worldwide demand for metal cans was around 3, 54, 130 million in 2013 and will grow at a CAGR of 3 percent from 2014 to 2020. It is estimated to reach about USD 4, 31, 570 million by 2020. Product Overview The metal cans market consists of products, like beverages, food and others (paints and aerosol sprays). The biggest product section in 2013 was beverages, with a consumption of around 2, 80, 800 million. They will rise from 2014 to 2020, at a CAGR of around 3 percent and will reach around 3, 48, 000 million in 2020. Alcoholic beverages dominated the metal cans market within beverages and surpassed a demand of around 1, 27, 000 million in 2013. Market Share Vegetables made up for the biggest section of food type, with a share of more than 43 percent in the metal cans market in 2013. The demand was around 24, 000 million cans in 2013 and will increase further, from 2014 to 2020, at a CAGR of almost 2 percent. Regional Insights As far as profits are concerned, the biggest market for metal cans was North America. It made up for more than 31 percent of the share in the worldwide metal cans market. The North American market will show fast expansion in the future. The demand for metal cans in Asia Pacific in 2013 was around 95, 000 million. The Asian Pacific metal cans market will expand the quickest due to growing disposable income along with increased fondness for canned food. This market will expand from 2014 to 2020, at a CAGR of around 4 percent. The link, can be used as a reference to find out more about the metal cans market. It provides detailed analysis and insights on the same.