Global Can Packaging Market, By Material (Aluminium, Steel, Others), Application (Food, Beverage, Healthcare, Personal Care, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Can Packaging Market
Can packaging market will expect to grow at a rate of 6.0% for the forecast period of 2021 to 2028. Can packaging market report analyses the growth, which is currently being growing due to the rising demand for packaged food products.
Steel packaging or can is a container for the distribution or storage of goods, made of thin metal. By cutting the "end" open, several cans need opening, some have removable covers. A wide range of materials can be stored such as food, drinks, gasoline, chemicals and others.
The growing demand for aerosol products among the consumers, rapid urbanization across the globe along with increasing number of population, rising consumption of canned foods, rising levels of disposable income of the people along with changing lifestyle of the consumer, increasing adoption in the automotive, cosmetics, industrial and household care sector, prevalence of favourable business environment encouraging firms to establish manufacturing facilities are some of the major as well as vital factors which will likely to augment the growth of the can packaging market in the projected timeframe of 2021-2028. On the other hand, increasing growth of the food and beverages industry along with advancement in packaging technology which will further contribute by generating massive opportunities that will lead to the growth of the can packaging market in the above mentioned projected timeframe.
Volatility in the prices of raw material along with introduction of pet bottles which will likely to act as market restraints factor for the growth of the can packaging in the above mentioned projected timeframe. Increasing competition from the plastic packaging which will become the biggest and foremost challenge for the growth of the market.
This can packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on can packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Can Packaging Market Scope and Market Size
Can packaging market is segmented on the basis of material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the can packaging market is segmented into aluminium, steel, and others. Others have been further segmented as tin. Steel segment will hold the largest share in the growth of the market due to the high demand for beer, carbonated soft drinks, and energy drinks.
- Can packaging market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for can packaging market includes food, beverage, healthcare, personal care, and others. Others have been further segmented into industrial bulk, shipping, and cosmetic. Beverages segment will hold the largest share in the growth of the market due to the increasing trend of convenient packaging along with rising demand for flexible stand up pouches.
Can Packaging Market Country Level Analysis
Can packaging market is analysed and market size, volume information is provided by country, material and application as referenced above.
The countries covered in the can packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The U.S. dominates the North America can packaging market due to the high dependency on canned foods and beverages, presence of strong food and beverage industries, rapid urbanization along with increasing number of households in the region. Asia-Pacific region is expected to hold the largest growth rate in the can packaging market during the forecast period of 2021-2028 due to the increasing demand of convenient packaging across end use industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Can Packaging Market Share Analysis
Can packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to can packaging market.
The major players covered in the can packaging market report are Alcoa Corporation; Amcor plc; Ardagh Group S.A.; BALL CORPORATION; Crown; BWAY Corporation; COFCO; Greif; Silgan Holdings Inc.; TON YI INDUSTRIAL CORP; Can-Pack Romania; Tubex Aluminium Tubes; HUBER Packaging Group GmbH; Metal Packaging Europe; Emballator Metal Group; Anheuser-Busch Companies, LLC.; DAIWA CAN COMPANY; Hildering Packaging BV; HOE CHONG TIN PTE LTD.; Orora Packaging Australia Pty Ltd; Pirlo Holding GmbH; Sonoco Products Company; Tata Steel; Tecnocap S.p.A.; Massilly Holding SAS; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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