Acknowledging the kind of traction gained by this market, recently published a study report asserts the global 2 Piece Cans for Food and Beverage Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.3% during the review period (2022 to 2027).
Packaging with metal plays a significant role in the food preservation process. This method is widely known as “canning”.During the past years, canned food products have become an essential part of every person’s diet, especially in developed regions. They serve great value in areas where refrigeration is limited or there is no means of refrigeration at all. Canning helps in the safe preservation of food products while preventing microbiological deterioration.In two-piece cans, the body’s bottom and wall are formed using a single piece and another piece for the top part. Two-piece cans are also called drawn cans and are mostly used in the food and beverage industry. Packagers commonly use them for sweets that usually have slip lids. They can be made of steel or aluminum substrates.
The primary factors driving the food & beverage market are, the recyclable and reusable properties of 2 Piece Cans, nutritional contents & cheaper price of canned food, and hygiene offered by packaged food & beverage products. The major restraints are customers moving towards alternative packaging options, high cost of metals, and the growth of 2 Piece Can is sluggish in developed markets.
April 2019, Crown Holdings, Inc. announced the launch of round and square shorter cans in the luxury packaging market. This will help the company to broaden its product portfolio.
August 2019, Ball Corporation signed an agreement to sell its tinplate steel aerosol packaging facilities to Envases del Plata (Argentina), an Argentinian metal packaging company. This agreement will help the company to expand its reach in the South American region.
The 2 Piece Cans for Food and Beverage Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Ball Corporation (NYSE:BLL), Crown Holdings Inc. (NYSE:CCK), Ardagh group, Toyo Seikan Group Holdings, Ltd. (Tokyo:5901.T), Silgan Holdings Inc(NasdaqGS:SLGN), Can Pack Group, Daiwa Can Company, ORG Technology Co.,Ltd. (Shenzhen :002701.SZ), CPMC Holdings Limited (HKSE:0906.HK), Hokkan Holdings Limited (Tokyo:5902.T), Baosteel Packaging, Showa Aluminum Can Corporation, ShengXing Group and others.
2 Piece Cans for Food and Beverage Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
By Application it is segmented into
North America accounted for the largest market share in the 2 Piece Cans for Food and Beverage market. The 2 Piece Cans for Food and Beverage market in the North American region is largely driven by growing consumer awareness toward environmental sustainability. North America is a key producer of food & beverages. In Japan, the market share for the 2 piece can is more than 80%, and is continuously growing. The demand for the 3 piece cans have been declining as the end user industries are looking for light weight can in order to cut down costs.
The 2 Piece Cans for Food and Beverage Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global 2 Piece Cans for Food and Beverage Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.3% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Ball Corporation (NYSE:BLL), Crown Holdings Inc. (NYSE:CCK), Ardagh group, Toyo Seikan Group Holdings, Ltd. (Tokyo:5901.T), Silgan Holdings Inc(NasdaqGS:SLGN), Can Pack Group, Daiwa Can Company, ORG Technology Co.,Ltd. (Shenzhen :002701.SZ), CPMC Holdings Limited (HKSE:0906.HK), Hokkan Holdings Limited (Tokyo:5902.T), Baosteel Packaging, Showa Aluminum Can Corporation, ShengXing Group and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 163 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The 2 Piece Cans for Food and Beverage Market is studied from 2017 - 2027.
What is the growth rate of 2 Piece Cans for Food and Beverage Market?
The 2 Piece Cans for Food and Beverage Market is growing at a CAGR of 5.3% over the next 5 years.
Who are the leading key players in 2 Piece Cans for Food and Beverage Market?
Ball Corporation (NYSE:BLL), Crown Holdings Inc. (NYSE:CCK), Ardagh group, Toyo Seikan Group Holdings, Ltd. (Tokyo:5901.T), Silgan Holdings Inc(NasdaqGS:SLGN), Can Pack Group, Daiwa Can Company, ORG Technology Co.,Ltd. (Shenzhen :002701.SZ), CPMC Holdings Limited (HKSE:0906.HK), Hokkan Holdings Limited (Tokyo:5902.T), Baosteel Packaging, Showa Aluminum Can Corporation, ShengXing Group and others.
What regions regions does this 2 Piece Cans for Food and Beverage Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of 2 Piece Cans for Food and Beverage Market?
Aluminum Cans, Steel Cans, Others
What are the significant Applications of 2 Piece Cans for Food and Beverage Market?
Food, Beverage, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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