The Metal Cans Market: Trends, Innovations, and Future Growth Insights
The global metal cans market size is expected to reach USD 105.5 billion by 2030, registering a CAGR of 6.2% during the forecast period, according to a new report by Grand View Research, Inc. The increasing demand for metal cans, especially from the beverage industry, is a major factor supporting the market growth. Increasing demand for beverages from the end-use population is another major factor projected to support the growth of the market in near future. Superior physical properties of metals including the high malleability of aluminum and steel ease of labeling along with printing on metal surfaces, and design innovations to appeal young population are the factors supporting the growth of the global market. Metal cans also provide resistance to the impact of irregular handling and transportation. They are hermetically sealed and have a good shelf life, along with high recyclability, as well as these cans protect food stored in them as they are resistant to...