Global Metal Cans Market for Food and Beverage Industry 2018-2022
About this market
Rise of organized retail industry to gain traction in the market. Packaged and convenience food has become a staple food in many countries for many consumers due to hectic lifestyle. As a result, large organized retailers have started to stack a huge amount of canned food and beverages. Technavio’s analysts have predicted that the metal cans market for food and beverage industry will register a CAGR of more than 3% by 2022.
Advantages in metal packaging
The metal packaging offers properties such as strength and rigid nature and enables to optimize maximum space during storage and transportation due to its stackability.
Metal packaging is vulnerable to corrosion
Metal packaging are vulnerable to the effects of corrosion, which can cause the metal to deteriorate.
For the detailed list of factors that will drive and challenge the growth of the metal cans market for food and beverage industry during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Ardagh Group and BALL Corporation the competitive environment is quite intense. Factors such as the rise of organized retail industry to gain traction in the market and the advantages in metal packaging, will provide considerable growth opportunities to metal cans manufactures. Ardagh Group, BALL Corporation, CPMC Holdings, Crown Holdings, and Silgan Holdings are some of the major companies covered in this report.
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