Regional and country-level analysis and forecasts of the North America Food and Beverage Metal Cans Market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped
According to the report “North America Food And Beverage Metal Cans Market By Material (Aluminium, Steel), By Application (Food, Beverage), By Food Can Sub-Application(Fruits And Vegetables, Convenience Food, Pet Food, Meat And Seafood, Other Food Products), By Beverage Can Sub-Application( Alcoholic Beverages, Carbonated Soft Drinks, Sports And Energy Drinks, Other Beverages), By Beverage Metal Cans Type (2-Piece Cans, 3-Piece Cans), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the North America Food and Beverage Metal Cans Market was worth USD 13.25 billion in 2016 and estimated to be growing at a CAGR of 3.2%, to reach USD 15.51 billion by 2021. The gaining prevalence of this market can be attributed to increased demand for processed and canned food and beverages and visual appeal of canned food and convenience for use.
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These days the popularity of canned food and beverage is on the rise to accompany to modernizing lifestyle which demand easily accessible and portable food. Canned food serves the exact purpose, it is a mechanical process which preserves food contents and beverages in air tight cans.
Canned food is advantageous over processed food as it has a very longer shelf life ranging from 1-5 years and canned beverages can be stored for many months.
Major drivers for the growth of this market are increase in demographic population, increased consumption of canned food and beverages to account for the busy and modern lifestyles, increasing demand for easily accessible and transportable food, increased necessity to expand the shelf life of food and increasing number of pet owners demanding canned pet food. However, the market is restricted by presence of alternatives like plastic packaged food which is cost effective but has lesser shelf life.
The target audience for canned food and beverages are urban regions and developing regions. Technological advancements in creating a cost effective manufacturing process holds great potential for the growth of market.
The North America Food and Beverage Metal Cans market is broadly divided into Material, Applications and sub-Applications. Based on Material – Aluminium and Steel.
Based on Application – Food and Beverages. Beverages metal can is further divided into type as 2-piece cans and 3-piece cans.
Based on Food can sub-Application – Fruits and Vegetables, Convenience Foods, Pet Food, Meat and Seafood, Other Food products. Based on Beverage can sub-Application – Alcoholic Beverages, Carbonated Soft Drinks, Sports and Energy drinks, Other Beverages.
Based on geographical analysis the market is categorized into regions of United States and Canada. United States is leading this market with highest share and Canada is second.
United States is also the fastest growing region due to its growing urban population and rapid lifestyle changes. Based on Applications Beverages is leading the market and growing rapidly.
Based on Material Aluminium Cans are dominating the market holding nearly 70% of share.
Some of the key players consisting metal refiners, metal sheet manufacturers, metal can manufacturers dominating the market include Crown Holdings, Ball Corporation, Silgan Holdings, Ardagh Group, CAN-PACK S.A., Kian Joo Group, CPMC Holdings, Kingcan Holdings Limited, Tetra Laval International S.A., HUBER Packaging Group; government bodies and regulatory associations like Food and Drug Administration (FDA), Environment Protection Agency (EPA), and various regional metal recycling associations.
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