Metal cans, barrels and drums market to reach $87.3bn by 2026
The global metal cans, barrels, drums and pails market is estimated to be valued at $87.3billion by 2026, according to a new study.
Global Industry Analysts Inc., released a report titled“Metal Cans, Barrels, Drums and Pails – Global Market Trajectory & Analytics”.
The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
Amid the COVID-19 crisis, the global market for Metal Cans, Barrels, Drums and Pails estimated at US$69.8 Billion in the year 2020, is projected to reach a revised size of US$87.3 Billion by 2026, growing at a CAGR of 3.6% over the analysis period.
Aluminium Metal Cans, one of the segments analysed in the report, is projected to record a 4% CAGR and reach US$50.9 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Steel Metal Cans segment is readjusted to a revised 3.1% CAGR for the next seven-year period.