(Food-Beverage-News.Com, October 17, 2017 ) According to the report “Middle East And Africa Food And Beverage Metal Cans Market By Material (Aluminium, Steel), By Application (Food, Beverage), By Food Can Sub-Application(Fruits And Vegetables, Convenience Food, Pet Food, Meat And Seafood, Other Food Products), By Beverage Can Sub-Application( Alcoholic Beverages, Carbonated Soft Drinks, Sports And Energy Drinks, Other Beverages), By Beverage Metal Cans Type (2-Piece Cans, 3-Piece Cans), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Middle East and Africa Food and Beverage Metal Cans Market was worth USD 4.08 billion in 2016 and estimated to be growing at a CAGR of 2.366%, to reach USD 4.58 billion by 2021. The gaining reputation of this market can be attributed to increased demand for processed and canned food and beverage and visual appeal of canned food and convenience for use.
Canning is a process of preserving food in which the food contents are processed and sealed under an airtight metal container. Canned food typically has a shelf life ranging from 1-5 years which makes way for ease of use and easy transport. Canned beverages also provide same advantages and follows similar process but have lesser shelf life of about 3 months. The modernizing lifestyle demands canned food and beverages which help the market grow.
The market is driven by major factors like increase in demographic population, increased consumption of canned food and beverages to account for the busy and modern lifestyles, increasing demand for easily accessible and transportable food, increased necessity to expand the shelf life of food and increasing number of pet owners demanding canned pet food. But, the market is hindered by competition of alternatives like plastic packaged food which is cost effective but has lesser shelf life. The target audience for canned food and beverages are urban regions and developing regions. Also, Technological advancements in creating a cost effective manufacturing process holds great future potential for market.
The Middle East and Africa Food and Beverage Metal Cans Market is broadly separated into Material, Applications and sub-Applications. Based on Material – Aluminium and Steel. Based on Application – Food and Beverages. Beverages metal can is further divided into type as 2-piece cans and 3-piece cans. Based on Food can sub-Application – Fruits and Vegetables, Convenience Foods, Pet Food, Meat and Seafood and Other Food products. Based on Beverage can sub-Application – Alcoholic Beverages, Carbonated Soft Drinks, Sports and Energy drinks and Other Beverages.
Based on geographical analysis the market is categorized into regions of Middle East and Africa. Middle East is leading this market with highest share and Africa is second. Asia Pacific is also the fastest growing region due to its growing urban population and rapid lifestyle changes in developing countries. Based on Applications Beverages is leading the market and growing rapidly. Based on Material Aluminium Cans are dominating the market holding nearly 70% of share.
Some of the key players consisting metal refiners, metal sheet manufacturers, metal can manufacturers dominating the market include Crown Holdings, Ball Corporation, Silgan Holdings, Ardagh Group, CAN-PACK S.A., Kian Joo Group, CPMC Holdings, Kingcan Holdings Limited, Tetra Laval International S.A., HUBER Packaging Group; government bodies and regulatory associations like Food and Drug Administration (FDA), Environment Protection Agency (EPA), and various regional metal recycling associations.
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