The food & beverage metal cans market was valued at USD 48.0 billion in 2015 and is projected to grow at a CAGR of 3.9% from 2016, to reach USD 63.0 billion by 2022. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022. Metal cans are an important part of the packaging industry. They are one of the safest, environment-friendly, and economical forms of packaging. Over the years, metal cans have undergone significant changes in terms of size, shape, weight, and coating to cater to the specific needs of consumers and food & beverage manufacturers. Metal cans are mainly made of aluminum, steel, and various bi-metal components; and are widely used for the preservation and packaging of processed food & beverage products. The global market size of the dairy ingredients market has been segmented on the basis of type, material, and region. Hygiene factor in packaged food & beverage products and convenience foods offered in terms of shapes, sizes, and applications of metal cans is expected to drive the market growth. The recycling property of metal cans, along with the convenience factor, drives the market for food & beverage metal cans. The objectives of the report include analyzing the opportunities in the market for stakeholders; providing the competitive landscape of market trends, the supply chain of this market; and projecting the size of the dairy ingredients market and its submarkets, in terms of value and volume.
This report includes estimations of the market size, in terms of value (USD billion). Both the top-down and bottom-up approaches have been used to estimate and validate the size of the global dairy ingredients market and to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through secondary research; some of the sources are press releases, paid databases such as Factiva and Bloomberg, annual reports, and financial journals. Their market share in respective regions has also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of the profiles of the industry experts that participated in the primary discussions.
The global food & beverage metal cans market has grown exponentially in the last few years, and this trend is projected to continue. The growing demand is projected to fuel the growth of the food & beverage metal cans industry globally.
The key players in this market are Crown Holdings, Inc. (U.S.), Ball Corporation (U.S.), Silgan Holdings Inc. (U.S.), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Kingcan Holdings Limited (China), Tetra Laval International S.A. (Switzerland), and HUBER Packaging Group GmbH (Germany). These companies adopted strategies such as expansions & investments, acquisitions, agreements, partnerships & joint ventures, and new product launches to strengthen their positions in the market.
This report is targeted at the existing players in the industry, which include the following:
- Raw material suppliers
- Metal processing units
- Metal can manufacturers/suppliers
- Regulatory bodies
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