London, 29 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global food and beverage metal can market 2015-2019, which is expected to grow at a CAGR of 3.67% and 3.35%, in terms of revenue and volume respectively, during the forecast period of 2014-2019.
Owing to the surging demand for food and beverage products and the growth of developing economies such as Brazil, China, India, and countries in the Middle East, there is a huge untapped market for food and beverage product packaging.
“R&D teams of metal packaging vendors continuously innovate to produce packaging that is light and easy to carry,” says Faisal Ghaus, Vice President of Technavio.
“Reducing the weight of packaging material and modifying pack formats to lighter configurations allow vendors to reduce the cost of transportation.”
Key Market Drivers
- Increased Demand from Developing Countries
- Growth in Organized Retail Sector
- Changing Consumer Lifestyles
- Environmental Benefits and High Recycling Rate
Key Market Trends
- Focus on Lightweighting of Packaging
- Market Consolidation
- Demand for Different Can Sizes
Key Market Vendors
- Amcor Ltd.
- Ball Corp.
- Crown Holdings Inc.
- Rexam plc
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
