CHINA’S CAN INDUSTRY GROWTH IS MOTOR FOR EXPANSION OF METAL PACKAGING MARKET ACROSS ASIA
August 11th, 2023
Since economic liberalisation and globalisation kicked in major economic growth in China since 1990, China’s food and beverage industry has expanded exponentially, boosting the country’s metal packaging industry (1).
London-based market researcher GlobalData (NOTE TO EDITOR – NO SPACE BETWEEN WORDS IN THIS COMPANY NAME) has forecast that China’s market will purchase more than 1 trillion units in 2024, with rigid metal packaging taking a 10.5% volume share of this vast financial cake (2).
However, most recent data by China’s Ministry of Industry and ...
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