Asia Pacific Metal Cans Market - By Countries and Vendors - Market Trends and Forecasts (2015 - 2020)
Metal cans are manufactured mostly by aluminium, and steel (otherwise called Tin), of which aluminium cans are widely used. The manufacturing of Metal cans has evolved from a three piece can to single piece can through two-piece can. Currently, two-piece cans are widely used but, on the other hand, is being replaced by single piece cans.
The APAC production of Metal cans in 2015 was XXX.XX billion cans and is estimated to reach XXX.XX billion by 2020, at a CAGR of XX.XX%, while in terms of revenue, the market was worth $XX.XX billion in 2015 and is projected to reach $XX.XX billion in 2020, at a compound annual growth rate of XX.XX%.
Beverages industry leads the market with a market share of 75% in 2015, of which, alcoholic beverages constitute 45% of the total market share. Remaining 30% is from non-alcoholic beverages like health-drinks, CSDs and others. Increase in growth of health drinks segment helps to drive the market. Moreover, increased preference to canned food and rise in disposable income of the customers are driving the market. But other hand, packaging substitutes like PET bottles, glass containers are substituting the metal cans. APAC region is estimated to be the fastest growing region owing to increase in consumer spends on the end use products during the forecasted period.
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