Metal Cans Market Restraint Analysis & Forecast by 2020

19 Nov 2018 - Metal cans are packaging equipment that aid in facilitating the storage and distribution of food and beverages. These can are commonly made of steel or aluminum and are available in several sizes and shapes depending upon their application. Basic round cylindrical cans are the most common type of cans. These metal can are robust and portable thus require less space and enable easy tracking. Can use for beverages can be chilled in no time and remains cold for longer period thereby driving the growth of such packaging over the forecast period. These cans are lined with synthetic material to prevent any chemical reactivity with the substances it contains.

Rising concerns regarding the environmental imbalance have stimulated the sizeable interest in the adoption of metal cans. Large numbers of packaging companies in the food and beverage industry have exhibited an increased adoption of the product to prevent the spoilage of food and beverage products. Increased adoption of technological innovation and environmentally friendly products propelled the market growth significantly over past few years.
The global metal cans market is expected to witness a remarkable growth over the next eight years due to increasing demand for the product. The increasing demand for convenience food has given a boost to the growth of the global market. Furthermore, increase in discretionary income of the consumers leading to lifestyle changes is expected to impact the growth of package food items which in turn is expected to stimulate the growth of global metal can market. Superior recyclability and reusability of the product are expected to give an extra edge to remark their growth in global markets. These metal cans are divided into various product categories such as beverages, food, paints and aerosol sprays for automobiles and other products.

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The product is used for packaging of canned vegetables, fruits, juices, baby food, meat poultry as well as miscellaneous and other items in the food industry. However, the global beverage industry dominates the volume consumption of global metal can on account of a wide range of products and high consumption. Competitive market leading to product differentiation through sizes and innovative shapes is one of the major factors leading to the growth of beverage industry further leading the growth of metal can industry.

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In terms of geography, the global metal can market can be segmented into North America, Europe, South & Central America, Asia Pacific and Middle East & Africa. Europe dominates the metal can market in terms of revenue due to high levels of consumption of canned food and beverages. High growth rate of the product in the Asia Pacific region can be attributed to the emergence and rapid economic development. Rising population base of youngsters coupled with high discretionary income is anticipated to propel the demand for food and beverage cans in the coming years.
The growth of food, beverage and automotive industry coupled with ever increasing population base in the economies of India, China, and Japan is expected to fuel the demand for the product over the forecast period. easy availability of economical labor and raw material in India and China makes Asia Pacific one of the most attractive markets for food, beverage, and automobile manufacturers thereby resulting in an increased consumption of metal cans. In addition, the increase in production as well as consumption in the region owing to increasing population requirements is a key factor for the growth of metal can market in the Asia Pacific region.
Key players in the global can market are CPMC Holdings Ltd., Amcor Ltd., Crown Holding Inc., Ardagh Packaging Group Plc., Crown Holdings Inc., Ball Corporation., Sonoco Phoenix Inc., Kian Joo Group, Rexam Plc. and BWAY Corporation. The production levels of these manufacturers are very high as they cater the requirements of FMCG industry. Acceleration of production cycle coupled with minimization of waste is some of the major initiatives taken up by the global manufacturers. The companies are involved in the development of advanced products and technologies exemplified by the deployment of blow molding shaping by Crown Holding’s Inc. by premium brands such as Heineken and Crosse & Blackwell.

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Europe Food Can Market Restraint Analysis and Forecast by 2014-2025

31 Oct 2018 - Europe Food Can Market was valued at $10.17 billion in 2015 and is expected to continue with the growing streak due to soaring demand for packaged food. The need of superior packaging alternative can act as a driver this market over a given period. Frequent changes in the price of raw material can act as a barrier in industry growth.

The canned fish products will be in demand because of lifestyle of the consumers in European economics. It is forecasted that that demand for exotic fish and fish products will eventually go up. Spain and Italy are two economies that have high imports of large scale production of canned fish products.
In Europe UK is important market for food can and it will increase at a significant rate observing the consumer demand for packaged products. The dependency of consumer on meat and powdered products packages will have a positive impact on the industry growth.
This market segment will benefit from demand for sustainable natural food and organic food product for their pets. Higher nutrient preservation by such packaging will act as driver for metal packaging for pet food.
The technological advancement has to be considered for the production of new products with superior product dispensing characteristics and increased aesthetic appeal. Another important driver can be higher convenience level with metal packaging.
The market in Europe is characterized by product innovations and production technologies. In addition, the need for increase in the profit margins of can manufacturers promotes investment in the advancement of production technology to reduce raw material requirement and increase production efficiency.

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Product Insights

Over a period from 2016 to 2025, Aluminium food cans are expected to register growth at CAGR of over 2% in comparison with Steel cans. Also they are light in weight and has superior strength. In addition, ease of printing on the product coupled with easier can design modifications is expected to emerge as the major growth drivers.
In European market Steel food cans has a significant market share due to its properties like recyclability and excellent temper resistance. Increase in packaging of single serve meals and edible products can act as driver for high volume demands of Steel cans. However, it is expected to witness limited demand because of Aluminium cans.

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Application Insights

The use of the product for packaging fruits is expected to account for over 25% of the revenue in Europe driven by a high production volume of canned fruits in Russia. The demand for the product by the consumers across the region is expected to be driven by the use in salads and fruit puddings.
Consumption of corned meat has lead to expansion in meat can industry in Europe. Major food cans manufacturer such as Crown holding in france has expanded its business that has lead to growth in segment in the region.
Period from 2016-2025 will notice a growth at a rate of CAGR of over 1% by revenue for ready meals and reason for it is natural likings of consumers from Germany and Russia. Rising demand for fresh cooked food can be a restraint for its growth.

Country Insights

Over a given time period CAGR of over 3% by revenue is a expected market growth in Turkey which makes it a key market for the product. . The demand is expected to benefit from the rapidly changing economic conditions leading to an increase in consumer changing power.
Germany on the other hand accounted over 8% of volume share in Europe by consumption of meat and fish products in the region. Change in consumer preference towards adoption of fresh products has affected a growth by small margin in the region

Competitive Insights

The industry exhibits the presence of a number of large players operating their businesses through high production capacities and an extensive distribution network. The manufacturers in the region lay high emphasis on the research & development for the production of advanced cans to attract the consumers.
The manufacturers provide empty cans to the food processing companies that fill the product either through self-owned filling locations or through third party filling companies. The advantages of a third party filling include the cost reduction in the operations and setting up of the filling channels by the processing companies.
This report forecasts revenue and volume growth at country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025.

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