Urbanization has resulted in increased dependence on ready-to-use products. The fast-paced lifestyle has increased the workload and has reduced the time required to do household chores. This has resulted in increased consumption of processed and conventional food products and beverages. Metal Cans provide a safe-to-store medium for food products and beverages. Metal Cans prevent spoilage of food products and help in maintaining the nutrient content for a long duration of time.
Global Food & Beverage Metal Cans Market is expected to reach US$ 39.60 Bn. by 2026, at a CAGR of 6.2% during the forecast period.
Food & Beverage Metal Cans Market overview:
The Food & Beverage Metal Cans market’s competitive landscape comprises information about rivals. The topics covered include a firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination. The following information is only relevant to the organization’s focus on the Food & Beverage Metal Cans market.
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Food & Beverage Metal Cans Market scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
Segmentation:
By Can Type, It is observed that more than 30% of the Metal Cans manufactured are used for storing beverages. An increase in the consumption of convenience food products has resulted in a 1.3% increase in the use of Metal Cans for storing food products. The rising preference for personal care products has resulted in a 2.1% increase in the consumption of Metal Cans by the FMCG sector for storing Aerosols. Different products are stored and transported by using Metal Cans.
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Key Players: Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the Food & Beverage Metal Cans market-
- Crown Holdings, Inc.
• Ball Corporation
• Silgan Holdings, Inc.
• CCL Industries
• Allied Cans
• Independent Can Company
• Ardagh Group
• Huber Packaging Group GmbH
• Mauser Packaging Solution LLC
• P. Wilkinson Containers Ltd.
• Muller und Bauer GmbH
• Masilly Holdings S.A.S.
• Unimpack
• Kian Joo Group
• Universal Can Corporation
• Toyo Seikan Group Holding Ltd.
• CPMC Holdings Ltd.
• Lageen Food Packaging
Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter’s five forces analysis, and case studies.
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COVID-19 Impact Analysis on Food & Beverage Metal Cans Market: Furthermore, the research assesses the impact of COVID-19 on the Food & Beverage Metal Cans market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Food & Beverage Metal Cans Market. The report focuses on market share and size, clearly demonstrating the pandemic’s influence on the worldwide Food & Beverage Metal Cans Market in the next years.
Key Questions Answered in the Food & Beverage Metal Cans Market Report are:
- What will be the Food & Beverage Metal Cans market’s CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Food & Beverage Metal Cans industry?
- Who are the key players in the Food & Beverage Metal Cans market?
- What important trends in the Food & Beverage Metal Cans industry are anticipated to develop throughout the forecast period?
- How big will the Food & Beverage Metal Cans market be in 2027?
- In 2020, which business segment had the highest proportion of the Food & Beverage Metal Cans market?
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