Global Beverage Can Market: Industry Analysis & Outlook (2017-2021)

NEW YORK, Aug. 9, 2017 /PRNewswire/ -- Packaging is a technology of enclosing and protecting products for distribution, storage, sale and use. Packaging also refers to the process of design, evaluation, and production of packages. It can be described as a coordinated system of preparing goods for transport, warehousing, logistics, sale and end use.

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There are three types of packaging; primary, the first layer that encloses the product and comes in the direct contact with the product; secondary, prevents from the pilferage or to group the primary packages together; and tertiary, used for bulk handling, warehouse storage and transport shipping. Further, consumer packaging can be segmented into glass, paper and board, flexible plastics, rigid plastics, other metal and beverage cans.

Metal cans are used to contain a wide range of products, including beverages, processed foods, aerosol products, paints, medicines and many other products. Beverage can is a metal container designed to hold a fixed portion of liquid such as carbonated soft drinks, alcoholic beverages, fruit juices, teas, herbal teas, and energy drinks, etc.

The global beverage can market has been growing at a steady pace for the past few years. The North American market is expected to recover at a flatter rate after a period of steady decline. The major factors which are expected to drive the global beverage can market include increasing global aluminum production, rising global GDP per capita, rapid urbanization, and swelling global beverage consumption. However, the growth of the market is hindered by stringent compliance regulations and environmental concerns. Few notable trends of the market include rising demand for specialty cans and shifting focus of market players taking towards developing markets.

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