26 March 2019
Visiongain has launched a new packaging report Can Packaging Market Report 2019-2029 : Forecasts by Material Type (Aluminium, Steel and Others), by Application (Food, Beverage, Healthcare, Personal Care and Others) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global can packaging market is anticipated to experience moderate growth over the forecast period. This is attributed to the increasing demand and consumption of frozen and packed food and beverages among consumers and growing awareness among manufacturers to use recycled and environmental-friendly materials for packaging products. This, in turn, is anticipated to drive the can packaging market during the forecast period.
Moreover, the increasing popularity of light-weight and easy-to-dispose packaging products among consumers especially in Europe, Asia-Pacific, and the Middle East are anticipated to create considerable growth opportunities for prominent players. In contrast, environmental issues raised by steel manufacturing and flexible packaging is some of the major concerns identified in the market that is anticipated to hinder the growth of the market during the forecast period between 2019 and 2029.
The global can packaging market is expected to be lucrative over the next ten years. Prominent players, especially in the developed market of North America, are focused on introducing innovative can packaging solutions to gain advantages in the market and expand their business capabilities.
The Visiongain report analyst commented "Increased in demand for advanced and convenient packaging products especially in developing countries such as India and China owing to the resurgence of the foods and beverage industries is anticipated to boost the can packaging market growth during the forecast period. Additionally, changing buying behaviour has increased the consumption of packed food and beverages at a tremendous rate in the past few years. This, in turn, is attributed to drive the can packaging market growth at a significant rate."
Leading companies featured in the report who are offering can packaging solutions, and services include Amcor Ltd., Ardagh Group SA, Avery Dennison Corp., Ball Corporation, CCL Industries, Inc., Crown Holdings, Inc., Greif, Inc., Silgan Holdings, Inc., Sonoco Products Co., and Tetra Laval.
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