Metal Cans Market Overview:
Details about competitors may be found in the Metal Cans Market‘s competitive landscape. A description of the operations of the company, financial information, revenue generated, market potential, R&D investments, initiatives to enter new markets, geographical presence, firm strengths and weaknesses, product introduction, and application dominance are some of the factors listed. Only companies that cater to the metallic pigment market are identified in the aforementioned data.
Metal Cans Market is expected to grow at a CAGR of 2.42% during the forecast period and is expected to reach US$ 63.55 Bn by 2029.
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Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
Segmentation:
Based on the material type, the aluminium segment is projected to dominate the metal cans market during the forecast period, due to the growing use of aluminium for metal can packaging by companies, aluminium is lightweight and non-reactive to all kind of food and beverages. In terms of can fabrication type, two-piece metal can segment dominated the market and is projected to be the fastest growing metal can type, due to two-piece metal can is easy to manufacture, highly durable, and convenient to transport and stack.
Based on regions, the global metal cans market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa. In terms of region, Asia Pacific market is expected to grow at higher rate due to increasing consumption of end use industries. The Asia Pacific region is influenced by setting up of new manufacturing facilities from leading global original equipment manufacturers owing to availability of raw materials at cheap prices and government initiatives to promote investment measures especially countries like South East Asian countries.
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Key Players: Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources.
The following are the key players of the Metal Cans market-
- BWAY
• Ball Corporation
• Crown Holdings
• Rexam Plc
• O.Berk
• All American Containers
• Metal Container Corporation
• Container Corporation of Canada
• Ardagh Metal Packaging
• Silgan Containers LLC
• Kian Joo Can Factory Berhad
• Independent Can Company
• HUBER Packaging Group GmbH
• SKS Bottle & Packaging Inc.
• Ardagh Group S.A.
Regional Analysis:
Individual market influencing elements and changes in market rules that impact present and future market trends are also included in the geographical factor of the research. Only a few of the indicators utilized to anticipate market scenarios for distinct nations include downstream and upstream value chain analysis, technological trends, porter’s five forces analysis, and case studies.
COVID-19 Impact Analysis Metal Cans Market: The study also looks at the influence of COVID-19 on the Metal Cans market. The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, notable trends, and challenges that the industry is experiencing across major regions. The report presents a microeconomic and macroeconomic analysis of COVID-19’s overall impact on the Metal Cans Market. The particular research focuses on market share and size, demonstrating clearly the impact that the epidemic has had and will have on the global Metal Cans Market in the next years.
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Key Questions Answered in the Metal Cans Market Report are:
- What will be the CAGR of the Metal Cans market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Metal Cans market?
- Which are the prominent players in the Metal Cans market?
- What key trends are likely to emerge in the Metal Cans market in the forecast period?
- What will be the Metal Cans market size by 2027?
- Which company held the largest share in the Metal Cans market in 2020?
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