In the early 1990’s, the metal can manufacturing industry experienced a huge leap in demand for its products due to three major reasons: rising costs of existing materials used in the packaging industry, major improvements in metal can manufacture along with slight cost reductions and the end of the cold war which opened up new and emerging markets in the Asia-Pacific region. Add to this the fact that metal cans could be easily recycled and re-used in an in-expensive manner by simply melting the waste. Metal can manufacturing thus became an industry within an industry and started generating huge revenues. As a growing market within the food and beverage industry, metal cans occupy about 70% of the metal packaging segment around the world.
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The packaging industry can be broadly classified into food and beverage packaging and non-food packaging. Of these, the food and beverage packaging segment is further divided into metal packaging, polymer packaging, cardboard and reinforced paper, glass bottles and others. Metal cans are the major component of the metal packaging segment and are further available in different forms for use in beverages, canned food, pet food and others.
Some of the major factors driving the metal cans market are the increasing spending power in developing countries of the Asia-Pacific region, growing demand for beverages around the world, increasing interest in the packaged foods segment from developing countries for convenience of storage and use and other such reasons. The main restraining qualities of the metal can packaging industry is the still-prevalent human perception of wanting “fresh & organic foods and beverages,” the ready availability of glass and cardboard as alternatives to metal cans and environmental concerns due to improper recycling standards and non-implementation of recycling methods in most of the developing countries.
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