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Metal Can Market Share, Analysis, Growth, and Forecasts to 2024 | Hexa Research
“Metal Can Market To witness Growth At 3%
CAGR Till 2024�
Metal cans are containers that offer the storage and distribution of various products including such as chemicals, food & beverages, oil and so on. The global metal can market is anticipated to grow at a CAGR of 3 % over the forecast period (from 2016 to 2024). Various factors including environmental benefits offered by these cans, like fast recycle rate and the rising demands for canned food & beverages are expected to drive the global market. However, with the advent of High-Density Polyethylene (HDPE) and Polyethylene Terephthalate (PET) in the packaging industry, these cans lost their major share in the industry. Moreover, the unstable prices of raw materials also pose a challenge to the market growth. By focusing on fresh product development and innovations, the manufacturers can ensure a considerable growth over the estimated years. The global market is divided into products and regions.
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