Corrected: Global food, beverage metal cans market to reach 385.5 billion cans in 2016 from 329.4 billion cans in 2010, new report says; new drinks, innovative shapes, convenient sizes critical factors for growth in beverage cans market

DALLAS , June 9, 2011 (press release) – Industry Intelligence Editor's Note -- The original Industry Intelligence headline incorrectly stated that the global food and beverage metal cans market would reach 385.5 million cans in 2016 from 329.4 million cans in 2010.

The report "Global Food and Beverage Metal Cans Market by Raw Materials, Sizes and Shapes, Applications, Price Trends and Forecast, 2011-2016" defines and segments the global food and beverage metal cans market with analysis and forecasting of the global revenues for metal cans. It also identifies driving and restraining factors for the global metal cans market with analysis of trends, opportunities, and challenges. The market is segmented and revenues are forecasted on the basis of major geographies such as North America, Europe, Asia-Pacific, and Rest of the World (ROW), and food, beverages, sizes, raw materials, and shapes.

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In recent times, metal cans have been steadily losing market share to PET (Polyethylene Terephthalate) bottles and HDPE (High Density Polyethylene), especially in food and beverages. Europe is the most dominant market for biodegradable plastics while Asia-Pacific, owing to significant domestic demand, is expected to be the fastest growing market in the next five years. Fluctuating raw material prices and threat of substitution from plastics are key challenges faced by the industry participants. Also, cost incompetency compared to paper and plastic packaging; along with lack of microwave capability is a critical road-block for metal cans.

The global market for food and beverage metal cans was estimated at 329,357 million cans in 2010 and is expected to reach 385,547 million cans in 2016, growing at a CAGR of 2.83% from 2011 to 2016. North America and Europe are the leading consumers of food and beverage metal cans. However, both these markets are saturated and expected to grow at meagre CAGR of 1.96% and 2.08% from 2011 to 2016, in terms of volumes respectively. Asia-Pacific, which accounted for 24.0% of the market in 2010, is expected to be the fastest growing market and estimated to grow at a CAGR of 4.35% from 2011 to 2016, in terms of volumes.

The food and beverage metal cans market ( http://www.marketsandmarkets.com/Market-Reports/food-cans-market-251.html) is dominated by beverages which accounted for 74.0% of the market in 2010. New drinks such as energy and sports drinks, fruit and vegetable juices coupled with innovative shapes such as the bottle-can and convenient sizes for the consumer are critical factors for the growth in the beverage cans market.

Scope of the report
This research report categorizes the global market for food and beverage metal cans on the basis of product types, raw materials, sizes, shapes and geography; forecasting revenues and analyzing trends in each of the following submarkets:

On the basis of product types:
Food types such as fruits and vegetables, beverage types such as carbonated soft drinks, alcoholic beverages, and juices.

On the basis of can types:
Various sizes and shapes

On the basis of raw materials:
Aluminum and steel

On the basis of geography:
North America (U.S.), Europe (Germany, U.K. and France), Asia-Pacific (China, and Japan) and ROW (Brazil)

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