Global food and beverage metal can market 2016-2020
In a new report Technavio's analysts forecast the global food and beverage metal can market to grow at a CAGR of around 3% between 2016 and 2020. The high recycling rate of metal cans is promoting the usage of these products among various suppliers. North America is the largest market, accounting for 35% of the total market share.
Beverage cans dominate the market, occupying around 73% of the total market share. Much of this segment’s growth can be attributed to the increase in the consumption of energy and sports drinks. Moreover, “on-the-go” beverages have gained huge demand among consumers owing to their busy lifestyles (Press Release Technavio, 27 December 2015).
Click here for the press release.
Click here for more information about the report.
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