Global Food and Beverage Metal Can Market to Reach Close to USD 36 Billion by 2020, According to Technavio

According to the latest market study released by Technavio,the global food and beverage metal can market is expected to reach close to USD 36 billion by 2020, growing at a CAGR of more than 3%.

This research report titled ‘Global Food and Beverage Metal Can Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

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The report segments the global food and beverage metal can market based on raw material, which include:

• Aluminum packaging
• Steel packaging
• Tinplate packaging

Aluminum-based food and beverage metal can market

Aluminum packaging is used primarily for food and beverage products such as spices, pickles, and drinks. This form of packaging is mostly preferred over other forms of metal packaging as it is lightweight, chemically inert, impermeable, and corrosion-resistant. An increase in the consumption of frozen and canned food products and beverages, both alcoholic and non-alcoholic, and an increase in the use of pharmaceuticals and chemicals is leading to the demand for aluminum packaging.

However, the increasing demand for rigid and flexible plastic packaging products poses a significant challenge to the market, as consumers prefer low-cost plastic packaging, which has similar functions and features. The global aluminum packaging market is also witnessing a technological shift as vendors are investing in innovative technologies for growth opportunities, which will affect the market landscape in the future.

Steel-based food and beverage metal can market

Steel packaging material includes blackplate, tin-free steel, and polymer-coated steel. Blackplate, which is used battery cases and oil filters, is steel packaging without any additional layer of metal. Tin-free steel or electrolytic chromium coated steel (ECCS), is steel with a coating of chromium metal or chromium oxide on both sides. It is used to make two-piece cans, seamed cans, aerosol bottoms, tops, ends, lids, crown corks, and twist-off caps. Polymer-coated steel is coated with a polymer that combines the best features of steel and plastic for packaging purposes.

According to Sharan Raj, a lead packagingindustry analyst at Technavio, “The demand for steel packaging is expected to increase from the emerging markets such as APAC and the Middle East. The growing population and the rising GDP in the developing economies such as China and India are positive trends that are propelling growth in these regions.”

The report also states that the demand for steel packaging in mature markets, such as North America and Western Europe are not the same as that in APAC and the Middle East. These regions are growing at a very slow rate because of market saturation in several end-user industries.

Tinplate-based food and beverage metal can market

Tinplate is a steel sheet covered with tin on both sides. Tinplate packaging is used for making cans, aerosols, and screw tops. It is used for preserving perishables such as processed foods, vegetables, fruit juices, and edible oils. It is also used for the storage of products such as paints, chemicals, and seeds because of its non-reactive nature.

“The growing concern about food safety and increasing consumer preference for eco-friendly materials are propelling the tinplate-based packaging segment. The improvement of living standards and the growing demand for ready-to-eat food in emerging economies is also contributing to its demand as it is convenient, re-sealable, and sustainable,” says Sharan.

The top vendors highlighted by Technavio’s research analysts in this report are:

• Amcor
• Ball
• CPMC Holdings
• Crown Holdings
• Rexam

Browse Related Reports:

• Global Beverage Containers Market 2015-2019
• Beverage Packaging Market in Europe 2015-2019: Forecast, Trends Analysis
• Global Beverage Packaging Market 2015-2019

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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