Global market food & beverage metal cans

According to a report by MarketsandMarkets (M&M), the market for food & beverage metal cans is projected to reach 551.38 Billion units in terms of volume by 2022, and USD 63.01 Billion in terms of value and CAGR of 3.6% by the same year. The recyclable and reusable properties of metal cans, cheaper price of canned food, and hygiene offered by packaged food & beverage products are the factors driving the demand for food & beverage metal cans products. The beverage segment dominated this market and is projected to grow at a CAGR from 2016 to 2022, mainly due to convenient packaging, innovations in metal cans, and recyclable properties of metal cans (Press release, 24 October 2016).
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