Emphasis on Material (Steel, Aluminium, Tin, and PET); End-User (Food & Beverage, Pharmaceutical Industry, Personal Care & Cosmetic Products, Industrial Chemicals, Paint Industry, and Vitamins & Supplements); and Region/Country
Global Metal Cans & PET Bottles Market is expected to grow at a significant rate of around 5% during the forecast period. Metal Cans are defined as clean, empty metal containers made of aluminum or tin-plated, or zinc-plated steel, which is commonly used for packaging food, beverages, or other products. Also, metal has a lighter environmental footprint than plastic because metal is easy to recycle and can deteriorate through natural processes. Whereas PET or Polyethylene terephthalate is a strong, stiff synthetic fibre that hails from the family of polymers made with ethylene glycol and terephthalic acid. Almost every plastic water bottle on the planet Earth is made of PET. PET Bottles are the name of a type of clear, strong, lightweight, and 100% recyclable plastic. Factors such as owing to the increasing surge for bottled products coupled with the growing adoption of inorganic growth strategies among key players. Major companies in the market offer metal cans using CO2 for multiple applications within the industry. For instance, in March 2021, Toyochem launched new BPA-NI internal coatings for metal cans based on acrylcic emuslion and polyester resins.
CPMC Holdings Limited; Toyo Seikan Group Holdings, Ltd.; Can-One Berhad; CANPACK; Ball Corporation; Envases Group; universal can Corporation; INTERPACK GROUP; Nampak Ltd., The Cary Company, and Crown and SABIC; Graham Packaging Company.; Berry Global Inc.; HANEX; Toyo Seikan Co., Ltd.; Amcor plc; Ontario Plastic Container Producers Ltd.; Berry Global Inc.; YuHuan Kang-Jia Enterprise Co.,Ltd; and Visy are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst material, the aluminum segment accounted for a significant market share”
Based on material, the metal cans market is segmented into steel, aluminum, tin, and PET. The aluminum segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. The demand for aluminum among the major players in the market increased due to aluminum’s dominance as a material. Aluminum is said to be a lightweight and incredibly non-reactive material. It is very versatile, easy to stack, and extremely durable. For instance, in October 2019, Ball Corporation inaugurated a new aluminum cup production plant in Rome, Georgia, to meet the growing demand for beverage packaging in the United States. This new plant will aid the company’s expansion in the United States.
“Amongst end-user, the food & beverage category is expected to grow with a significant CAGR during the forecast period”
Based on end-user, the metal cans & PET bottles market has been classified into food & beverage, pharmaceutical industry, personal care & cosmetic products, industrial chemicals, paint industry, and vitamins & supplements. The food & beverage category is expected to grow with a significant CAGR during the forecast period. This is mainly due to the rising adoption of metal cans & PET bottles to convenient and protective packaging for different types of food & beverages, depending on the type of product packaging material selected. Many players in the market are working towards the adoption to provide different varieties of cans & Bottles. For instance, in Jan 2023, Ardagh Metal Packaging launched a new can size to support beverage brands.
Metal Cans & PET Bottles Market Report Coverage
“APAC is anticipated to grow at a substantial CAGR during the forecast period”
In 2022, Asia Pacific caters extensive share of the metal can market and is expected to show an influential growth rate in the forecasted period as well. Growing demand for optimum utilization of natural resources has accelerated the trend for recycling activities coupled with government support of favourable policies and partnerships with non-profit agencies are accentuating the market size of metal cans. For instance, the Food Safety and Standards Authority of India (FSSAI) and the Asia Pacific Partnership on Clean Development and Climate (APP) in the region. Moreover, the rising opportunities for water-based metal packaging coatings are increasing in the country as they have low VOC levels and harmful chemicals, which makes them less toxic and eco-friendly in comparison to solvent-based, and other types of coating. For instance, in July 2020, Actega, based in China, launched a new water-based metal packaging coating for tin cans, aluminum bottles, tubes, or other types of metal packaging used in the food and beverage industry. Furthermore, Japan’s Production of plastic bottles in Japan has jumped to a staggering 23.2 billion per year from 14 billion in 2004, and approximately 2.6 billion bottles are incinerated, sent to landfills, or lost to waterways and oceans annually which raises the urgent adoption of sustainable packaging options.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Key Insights
4. Executive Summary
5. Metal Cans & Pet Bottles Market Revenue, 2020-2030f
6. Market Insights By Material
7. Market Insights By End-user
8. Market Insights By Region
9. Metal Cans & Pet Bottles Market Dynamics
10. Metal Cans & Pet Bottles Market Opportunities
11. Metal Cans & Pet Bottles Market Trends
12. Demand And Supply-side Analysis
13. Value Chain Analysis
14. Legal & Regulatory Framework
15. Pricing Benchmarking
16. Analyst Recommendation
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Metal Cans & PET Bottles Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global metal cans & PET bottles market were the three major steps undertaken to create and analyze the adoption of metal cans & PET bottles in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global metal cans & PET bottles market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the metal cans & PET bottles market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the metal cans & PET bottles market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as material and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the metal cans & PET bottles market. Further, we conducted factor analysis using dependent and independent variables such as various materials and end-users of metal cans & PET bottles. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the metal cans & PET bottles market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global metal cans & PET bottles market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global metal cans & PET bottles market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of material and end-user in the global metal cans & PET bottles market.
The main objective of the Global Metal Cans & PET Bottles Market Study
The current & future market trends of the global metal cans & PET bottles market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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