Food and Beverages Industry Report Metal Can Market Insights, 2016 to 2024
Hexa Research
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Metal Can Market Share, Size, Analysis, Growth, Industry Trends and
Forecasts to 2024 : Industry Report by Hexa Research
Metal cans are containers that offer the storage and distribution of various products
including such as chemicals, food & beverages, oil and so on. The global metal can
market is anticipated to grow at a CAGR of 3 % over the forecast period (from 2016 to
2024). Various factors including environmental benefits offered by these cans, like fast
recycle rate and the rising demands for canned food & beverages are expected to drive the
global market.
However, with the advent of High-Density Polyethylene (HDPE) and Polyethylene
Terephthalate (PET) in the packaging industry, these cans lost their major share in the
industry. Moreover, the unstable prices of raw materials also pose a challenge to the
market growth. By focusing on fresh product development and innovations, the
manufacturers can ensure a considerable growth over the estimated years. The global
market is divided into products and regions.
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