QYR: The Latin America Food Cans market is expected to reach 1529.49 million USD by the end of 2022

This report studies the Food Cans market, which is the container for different canned foods, with the materials including glass, steel, aluminum, etc.

The Latin America Food Cans market is valued at 1464.03 million USD in 2016 and is expected to reach 1529.49 million USD by the end of 2022, growing at a CAGR of 0.73% between 2016 and 2022.

Central America ranks the top in terms of sales volume of Food Cans in Latin American region, it consists of 35.49% of the regional market in 2016. North America comes the second, with 27.86% of the regional market. South America occupies 23.33% of the regional Food Cans market in the same year. Caribbean region occupies 13.32% of the regional Food Can market. 

Silgan Holdings ranks the first in terms of revenue share in Latin America market of Food Cans, occupies 32.07% of the regional market share in 2016; While, Ball Corporation, with a market share of 18.75% comes the second; All the other manufacturers which are not included in the report together consist of approximately 3.65% of the regional market in 2016.

According to the QYR forecast, In the next five years, the Latin American consumption of Food Cans will show upward tendency further, market size is expected to be about 1529.49 M USD by 2022, with an CAGR of -0.53% annually from 2012 to 2016, the CAGR from 2016 to 2022 will be approximately 0.73% in the region. Despite the presence of fierce competition and the trend of price decrease, due to the stable demand, together with the development of the related industries. Investors are quite optimistic about this industry. There will be more new investors entering this field in the near future.

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