Global Metal Cans is Expected to Reach USD 52.83 Billion by 2020

Date: 2015-12-22

Metal cans are manufactured mostly by aluminium, and steel (otherwise called Tin), of which aluminium cans are widely used. The manufacturing of Metal cans has evolved from a three piece can to single piece can through two-piece can. Currently, two-piece cans are used abundantly, but on the other hand, these are being replaced by single piece cans.

The report predicts the global metal cans market to reach a value of $52.83 billion in 2020, at a compound annual growth rate of 2.76%. Beverages industry lead the market with constituting majority of the market, of which alcoholic beverages constituted 45% of the global market. Remaining 30% came from non-alcoholic beverages like health-drinks, CSDs and others. Increase in growth of health drinks segment is driving the demand for metal cans globally.

Moreover, increased preference for canned food and rise in disposable income of the customers are the other factors driving the demand for metal cans in global market. Packaging substitutes like PET bottles, glass containers are substituting the metal cans as they are light and provide cost benefit to manufacturers.

Amcor
BWAY
Ball Corporation
Crown Holdings
Rexam Plc
O.Berk
All American Containers
Metal Container Corporation
Container Corporation of Canada
Ardagh Metal Packaging

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