Global Metal Cans and Glass Jars Market is anticipated to reach US$ XX Mn by 2026 fro m US$ XX Mn in 2019 at a CAGR of XX % during the forecast period. The major use of glass jars is seen in the food and beverage industry for the purpose of pac kaging materials. The main reason behind their enormous usage is the advantages they offe r 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 pharm aceuticals. These glass bottles and jars are available in various shapes, sizes, and colors. On the other hand, metal cans are used for packaging purposes and are mostly preferred ov er glass. Similar to glass cans, these cans are also used for the packing of various items suc h as vegetables, fruits, soups, coffee, and meat.
Global Metal Cans and Glass Jars Market Dynamics: Factors such as rising demand for canned food due to busy lifestyles, increasing awareness of waste segregation and recycling, high recycle rates are estimated to drive the metal cans and glass jars market globally. In addition, food items packed in metal cans and glass jars ar e very handy and easy to use. This, in turn, impacts the global metal cans and glass jars ma rket growth in a positive way. The demand for both the metal cans and glass jar markets are accountable to the food indu stry for a dominant share in their revenues in India and Iran. The sector of preserved food le d to major growth opportunities for these markets in both the countries in the past few years. The rising popularity of easy-to-cook and readily consumable food products in fast-paced ur ban dwellings is the major factor leading to the favorable demand for metal cans and glass j ars in these regions. Demand for metal cans and glass jars is also expected to expand at th e fastest CAGR, an estimated 3.6%, over the period between 2020 and 2026 in the package d food section across these countries. Other applications in the food industry, such as choco lates, health drink powder, and confectionaries will lead to low to moderate growth opportuni ties for the metal cans and glass jar markets in India and Iran. Growing awareness of food preservation and government initiatives for food security are hel ping to grow the demand for metal cans and glass jars market. On the other hand Price fluct uation and absence of key global suppliers for raw materials are the key restraining factors t hat can delay the demand for Metal Cans and Glass Jars in the market.
Global Metal Cans and Glass Jars Market Segment An alysis