Latin America Metal Cans Market - By Metal (Aluminium, Steel and others), Vertical (Alcoholic Beverages, Food, Fruits, Juices, Carbonated Soft Drinks and Others), Country, Trends, Forecasts - (2017 - 2022)
Metal cans are manufactured mostly by aluminium, and steel (otherwise called Tin), of which aluminium cans are widely used. The manufacturing of Metal cans has evolved from a three piece can to single piece can through two-piece can. Currently, two-piece cans are widely used but, on the other hand, is being replaced by single piece cans. The Latin America metal cans market is estimated to grow at a compound annual growth rate of 5.12% during the period 2017 - 2022. Beverages industry leads the market with a market share of 75% in 2015, of which, alcoholic beverages constitute 45% of the total market share. Remaining 30% is from non-alcoholic beverages like health-drinks, CSDs and others. Increase in growth of health drinks segment helps to drive the market. Moreover, increased preference to canned food and rise in disposable income of the customers are driving the market. But other hand, packaging substitutes like PET bottles, glass containers are substituting the metal cans.