Metal Cans
are type of metal packaging systems initially introduced in the
beginning of nineteenth century, for packaging of wine, but its scope of
application has now expanded into various end-use commodity packing
purposes such as edible food & beverage items, chemicals, oil etc.
Metal Cans are generally made up of materials such as steel, aluminum,
and tin and contributes more than one third of the overall metal
packaging market. The major advantages of Metal Cans are that they are
100% recyclable without the loss of its quality and sturdiness. The
recycle rate of metal can packaging has been two and half times more
than any other packaging solution. Another advantage of recycling of
Metal Cans is that it reduces CO2 use thereby reducing the parent
material usage.
Metal Cans Market: Dynamics
The Metal Cans market is prominently
propelled by its growing use in food and beverage packaging, especially
used in packaging of aerated and non-aerated beverages. The increased
personal products portfolio and its usage will naturally augment the
packaging market as well. The consumer demand for lightweight packaging,
increasing heath awareness regarding use of non-carcinogenic packaging
materials, is creating high growth opportunities for the metal cans
market. However, the increasing replacement potential of polymer based
packaging material such as polyethylene terephthalate (PET) and
polyethylene packaging is expected to dent the market share of metal
cans in the overall packaging market, over the forecast period.
The global metal cans market has been
divided into seven key geographical regions which includes, North
America, Latin America, Western Europe, Eastern Europe, Asia Pacific,
Japan, and Middle East & Africa. The Western Europe and North
America dominates the global metal cans market due its high consumption
in food and beverage industry. However these region anticipated to
register sluggish growth due to availability of alternative packaging.
Asia Pacific market is expected to grow at higher rate.
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Growth in the region is propelled by
rapidly increasing consumption of end use industries. The Asia Pacific
region has been influenced by setting up of new manufacturing facilities
from leading global OEMs owing to availability of raw materials at
cheap prices and government initiatives to promote investment measures
especially countries like South East Asian countries. Latin America,
Middle East and Africa also significantly contributes to the metal cans
market. The best example of this fact is that Brazil being Numero Uno
position of producer and exporter of orange juice in the world, mainly
endorses metal cans for its packaging process proving as a lucrative
market for the same.
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