Overview
Metal cans have gained massive prominence across industries, because of its distinct features including resistance to irregular handling during transportation, easy recyclability and hermetically sealed cover. Their environmental benefits coupled with the escalating demand for canned products also benefit the metal cans industry.
The study conducted by Market Research Future (MRFR) anticipates decent gains for the Metal Cans Market Share 2020, at an expansion rate of 3.5% between 2014 and 2022 (evaluation period).
Prominent Contenders 
Prominent contenders working on boosting their market position include Independent Can Company (U.S.), The Cary Company (U.S.), Ball Corporation (U.S.), Rexam plc (U.K.), SKS Bottle & Packaging, Inc. (U.S.).
Segmentation
For enhanced understanding, the report has segregated the metal cans industry into three primary dynamics; namely material, type and application.
The materials used during the manufacturing of metal cans include steel, tin, aluminum, and more. Key characteristics such as unbreakablity, excellent resistance to oxidation and lightweight make aluminum the top choice of manufacturers in the global market.
The key metal can types are 2-piece as well as 3 piece.
Regional Insight
Europe and North America are the leadingMetal Cans Market Share at present, thanks to the massive demand in the food & beverage industry. The rising consumption of beer along with various alcoholic beverages is fostering the market growth in these areas. The high consumption of canned and frozen food in the U.S and the U.K also results in business expansion across these regions. The Canadian industry is constantly exploring ways to improve the manufacturing processes with the aim to offer the safest, top quality products. However, experts anticipate lethargic market growth in these regions during the evaluation period, owing to the increasing availability of alternative cans and their rising preference among consumers.
The fastest expansion can be witnessed by the APAC market in the following years, as a result of the rising disposable income, easy obtainability of different beer brands at varying prices, and the surging influence of the western culture. The expanding youth populace and the soaring beer consumption among them are likely to be important growth boosters in the regional market for metal cans. The growing number of grocery stores and superstores and the large number of small households present in the region also boosts the demand for metal cans in the food and retail sector.
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