Food cans report reveals expected growth
Research and Markets’ food cans global market report 2021: Covid-19 Growth and Change, reveals that the market is expected to rise from $24.41 billion in 2020 to $25.91 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%.
The increase is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the Covid-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $32.69 billion in 2025 at a CAGR of 6%.
Recyclable aluminum cans are shaping the food cans market. Companies operating in the food cans sector are increasingly focusing on recyclable aluminum cans to strengthen their position.
For more information click here: Food Cans Global Market Report 2021: Covid-19 Growth and Change.