Metal Cans Market Will Reach To USD 52.83 Billion By 2020: Radiant Insights
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The global market for metal cans is expected to reach USD 52.83 billion by 2020. Metal cans are steel or aluminium container mainly used for the storage of goods such as beverages, foods and chemicals. Increasing environmental benefits coupled with growing demand for beverages and canned foods are expected to drive metal cans demand over the next six years. In addition, fast recycle rate for metal cans in comparison to conventional materials such as glass and plastics is further expected to augment its market growth. Technological innovation and use of eco-friendly products are further expected to serve as key growth opportunity.
Download sample Copy of This Report@ http://www.radiantinsights.com/research/metal-cans-market-analysis-by-product-carbonated-soft-drinks-alcoholic-beverages-fruit-and-vegetable-juices-new-drinks-vegetables-fruits-soups-miscellaneous-foods-and-segment-forecasts-to-2020
Beverages were the largest product segment with consumption of 280,809.8 million cans in 2013, expected to reach 347,915.3 million cans in 2020, growing at a CAGR of 3.1% from 2014 to 2020. The demand for metal cans in beverages is expected to rise due to its benefits such as excellent protection from ultraviolet rays and extended coolness. Moreover, product differentiation and innovation in shape and size of metal cans is expected to boost their demand in beverages. Within beverages, alcoholic beverages dominated market with demand exceeding 127,300.0 million cans in 2013, and generated revenue of USD 16.12 billion in 2013.
Further key findings from the study suggest:
The global metal cans demand was 354,128.3 million cans in 2013 and is expected to reach 431,573.9 million cans by 2020, growing at a CAGR of 2.9% from 2014 to 2020.In terms of revenue, North America was the largest market for metal cans accounting for over 31.0% of global market share, valued at USD 14.16 billion in 2013.
The market is expected to show rapid growth due high consumption of canned beverages and processed foods in the region.
Asia Pacific demand for metal cans was 94,764.7 million cans in 2013, and is expected to witness fastest growth owing to increasing disposable income coupled with growing preference towards canned food and is expected to grow at an estimated CAGR of 4.3% from 2014 to 2020.
In 2013, vegetables accounted for the largest food type segment with market share of over 43.0%.
Market demand was 24,156.1 million cans in 2013 and is expected to witness lucrative demand growth, at an estimated CAGR of 1.9% from 2014 to 2020.
Key participants in global metal cans market include CPMC Holdings Ltd., Amcor Ltd., Siligan Containers Corporation, Ardagh Packaging Group Plc., Crown Holdings Inc. and Sonoco Phoenix Inc.
See More Reports of This Category by Radiant Insights: http://www.radiantinsights.com/catalog/food-and-Beverages
For the purpose of this study, Grand View Research has segmented the global metal cans market on the basis of product and region:
Metal Cans Product Outlook (Volume, Million Cans; Revenue, USD Million, 2012 - 2020) Beverages
Carbonated Soft Drinks
Alcoholic Beverages
Fruit and Vegetable Juices
New Drinks
Foods
Vegetables
Fruits
Soups and Miscellaneous Foods
Other Foods
Metal Cans Region Outlook (Volume, Million Cans; Revenue, USD Million, 2012-2020)
North America
Europe
Asia Pacific
RoW
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Blog: http://www.radiantinsightsinc.blogspot.com/
Download sample Copy of This Report@ http://www.radiantinsights.com/research/metal-cans-market-analysis-by-product-carbonated-soft-drinks-alcoholic-beverages-fruit-and-vegetable-juices-new-drinks-vegetables-fruits-soups-miscellaneous-foods-and-segment-forecasts-to-2020
Beverages were the largest product segment with consumption of 280,809.8 million cans in 2013, expected to reach 347,915.3 million cans in 2020, growing at a CAGR of 3.1% from 2014 to 2020. The demand for metal cans in beverages is expected to rise due to its benefits such as excellent protection from ultraviolet rays and extended coolness. Moreover, product differentiation and innovation in shape and size of metal cans is expected to boost their demand in beverages. Within beverages, alcoholic beverages dominated market with demand exceeding 127,300.0 million cans in 2013, and generated revenue of USD 16.12 billion in 2013.
Further key findings from the study suggest:
The global metal cans demand was 354,128.3 million cans in 2013 and is expected to reach 431,573.9 million cans by 2020, growing at a CAGR of 2.9% from 2014 to 2020.In terms of revenue, North America was the largest market for metal cans accounting for over 31.0% of global market share, valued at USD 14.16 billion in 2013.
The market is expected to show rapid growth due high consumption of canned beverages and processed foods in the region.
Asia Pacific demand for metal cans was 94,764.7 million cans in 2013, and is expected to witness fastest growth owing to increasing disposable income coupled with growing preference towards canned food and is expected to grow at an estimated CAGR of 4.3% from 2014 to 2020.
In 2013, vegetables accounted for the largest food type segment with market share of over 43.0%.
Market demand was 24,156.1 million cans in 2013 and is expected to witness lucrative demand growth, at an estimated CAGR of 1.9% from 2014 to 2020.
Key participants in global metal cans market include CPMC Holdings Ltd., Amcor Ltd., Siligan Containers Corporation, Ardagh Packaging Group Plc., Crown Holdings Inc. and Sonoco Phoenix Inc.
See More Reports of This Category by Radiant Insights: http://www.radiantinsights.com/catalog/food-and-Beverages
For the purpose of this study, Grand View Research has segmented the global metal cans market on the basis of product and region:
Metal Cans Product Outlook (Volume, Million Cans; Revenue, USD Million, 2012 - 2020) Beverages
Carbonated Soft Drinks
Alcoholic Beverages
Fruit and Vegetable Juices
New Drinks
Foods
Vegetables
Fruits
Soups and Miscellaneous Foods
Other Foods
Metal Cans Region Outlook (Volume, Million Cans; Revenue, USD Million, 2012-2020)
North America
Europe
Asia Pacific
RoW
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Blog: http://www.radiantinsightsinc.blogspot.com/