(Entertainment-NewsWire.com, November 18, 2017 ) The Europe Food and Beverage Metal Cans Market was worth USD 8.15 billion in 2016 and estimated to be growing at a CAGR of 3.4%, to reach USD 9.64 billion by 2021. The gaining adoption of this market is due to increased demand for processed and canned food and beverages and visual appeal of canned food and convenience for use.
Market Conditions: These days the popularity of canned food and beverage is on the rise to accompany to modernizing lifestyle which demands 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.
Factors like 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 are driving the market. Yet, the presence of alternatives like plastic packaged food which is cost effective but has lesser shelf life is a major hurdle for the market. The target audience for canned food and beverages are urban regions and developing regions. Also, Technological advancements in creating a cost effective manufacturing process holds great potential for the growth of market.
Europe Food and Beverage Metal Cans Market Segmentation: • By Material: Introduction, Aluminium and Steel • By Application: Introduction, Food and Beverages • By Food can sub-Application: Introduction, Fruits & Vegetables, Convenience Foods, Pet Food, Meat and Sea Food and Other Food Products • By Beverage can sub-Application: Introduction, Alcoholic Beverages, Carbonated Soft Drinks, Sports and Energy Drinks and Other Beverages • By Beverage Metal Can Type: Introduction, 2-Piece Cans and 3-Piece Cans • By Geography: Introduction, UK, Spain, Germany, Italy and France
Some of the key players in Europe Food and Beverage Metal Cans Market: • 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 Packing Group
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