Metal cans have been steadily losing market share to PET and high-density polyethylene containers, especially in food and beverages. Fluctuating raw material prices and threat of substitution from plastics are key challenges faced by the industry participants. Also, cost incompetency compared to paper and plastic packaging; along with lack of microwave capability is a critical road-block for metal cans.
Global Food and Beverage Metal Cans Market by Raw Materials, Sizes and Shapes, Applications, Price Trends and Forecast, 2011-2016report fromMarketsandmarkets.comcontains more than 120 market data tables/figures and analysis and forecasting of the global revenues for food and beverage metal cans globally.
The global market for food and beverage metal cans was estimated at 329,357 million cans in 2010 and is expected to reach 385,547 million cans in 2016. North America and Europe are the leading consumers of food and beverage metal cans. However, both these markets are saturated and expected to grow at meager rates from 2011 to 2016. However, Asia-Pacific is expected to be the fastest growing market in that time.
The food and beverage metal cans market is dominated by beverages, which accounted for 74.0% of the market in 2010. New drinks such as energy and sports drinks, fruit and vegetable juices coupled with innovative shapes such as the bottle-can and convenient sizes for the consumer are critical factors for the growth in the beverage cans market.
Food and beverage can market to grow to $48 billion by 2016
June 9, 2011