New investments expected to boost the Metal Cans and Glass Jars Market between 2018 to 2025
The major use of glass jars is seen in food and beverage industry for the purpose of packaging materials. The main reason behind their enormous usage is advantages they offer such as reusability, chemical stability, and sterility. Glass is used for the packing of a wide variety of items such as food, chemicals, alcoholic and non-alcoholic beverages, and pharmaceuticals. These glass bottles and jars are available in various shapes, sizes, and colors.
On the other hand, metal cans are also used for the packaging purpose and are mostly preferred over glass. Similar to glass cans, these cans are also used for the packing of various items such as vegetables, fruits, soups, coffee, and meat. Metal cans have numerous advantages as compared to other materials used for packing; hence, these are mainly preferable option by manufacturers for packaging materials. Advantages such as long-term preservation of food, fully recyclable property, maintenance of the nutritional quality, and others are offered by metal cans. The major advantage of metals cans is that even after being repeatedly recycled, these cans show the same strength.
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Factors such as rising demand for canned food owing to busy lifestyles, increasing awareness on waste segregation and recycling, high recycle rate are estimated to drive the metal cans and glass jars market globally. In addition, food items packed in metal cans and glass jars are very handy and easy to use. This, in turn, impacts the global metal cans and glass jars market growth in a positive way. Conversely, constantly changing prices of raw materials and available alternatives for packaging are some of the factors anticipated to hamper the growth of the global market in the near future.
On the basis of glass jars and metal cans applications, the global metal cans and glass jars market is segmented as preserved food, pet food, milk powder, and others. The others segment is further sub-segmented as confectioneries, snacks, and others. Geographically, the global market is segmented as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Asia Pacific is anticipated to the largest and dominant player in the global metal cans and glass jars market owing to high demand from the food packaging industry win India and Iran. Moreover, high investments by industries in the development of products with different features in the glass jars and metal cans are also driving the market growth in this region.
Some of the major players in the global metal cans and glass jars market are Rexam PLC, Kaira Can Company Limited, Ball Corporation, Wiegand-Glas GmbH, Crown Holdings Inc., Ardagh Group, Amcor Limited, Stolzle-Oberglas GmbH, Bormioli Rocco SpA, Gerresheimer AG, Heinz-Glas GmbH, Piramal Glass Limited, and Shishe & Gaz Glass Manufacturing Co.
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Metal Cans and Glass Jars Market: Regional Segment Analysis:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa