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Metal Can Market Share, Size, Key Players, Technology,
Application, Research and Forecasts to 2024 | Hexa Research
“ The global metal can market is anticipated to grow at a CAGR of 3 % over
the forecast period (from 2016 to 2024).”
21 November 2018
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.
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
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