Food and Beverages Industry Report Metal Can Market Report 2024 | Page 2

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The products sector of the metal can market includes soups, sports drinks, energy drinks, alcoholic
beverages, carbonated soft drinks, fruits, vegetables, miscellaneous foods. The beverages sector dominated
the global market and is further expected to grow at a CAGR of over 3.1 % during the forecast period. This
can be attributed to its benefits such as extended coolness and better protection from UV rays. In addition,
product differentiation and innovation in the sizes and shapes of metal cans is said to spur the demand in the
sector.
Geographically, North America dominated the overall market in 2015 occupying over 31 % of the total market
share. The market is projected to witness a rapid growth on account of high consumption of canned food &
beverages in the region.
The APAC region is anticipated to experience the fastest growth due to the rising disposable income levels
along with the increased preferences towards canned food products. The region is likely to grow at a healthy
CAGR of over 4.3 % over the estimated years.
The major companies in the global metal can market are Amcor Ltd.; CPMC Holdings Ltd.; Ardagh Packaging
Group PLC.; Siligan Containers Corp.; Sonoco Phoenix Inc.; Crown Holdings Inc.; Ball Corp.; BWAY Corp.;
Rexam PLC.; and Kian Joo Group.
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