Summary
Market Overview:
The global metal cans market size reached US$ 64.8 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.5% during 2023-2028.
Metal cans are packaging containers manufactured using materials such as steel, aluminum, and tin. Generally sealed with lids that can be lifted or replaced, they are used for storing or transporting soups, fruits, vegetables, beverages, pet food, paints, and varnishes. Metal cans exhibit strength and robustness and allow handling, filling, processing, storage, and distribution without damage. They are also cost-effective, corrosion resistant, do not affect the color and flavor of the products, and are recyclable. Other attributes of the product include durability, compactness, toughness, malleability, easy portability, and pressure resistance. As a result, metal cans find extensive applications across the pharmaceuticals, personal care, and food and beverage (F&B) industries.
Metal Cans Market Trends:
The widespread product adoption in the F&B industry as a packaging solution for storing various products, including iced teas, energy drinks, alcoholic beverages, sodas, and carbonated soft drinks, is primarily driving the market growth. Additionally, the increasing demand for eco-friendly cans due to the rising environmental consciousness is acting as another growth-inducing factor. Metal cans are highly recyclable compared to other materials, such as plastic or glass, and can be reused and recycled without any loss in their performance. Apart from this, leading players are focusing on introducing customized designs for brands to expand their consumer base and promote brand awareness, which is providing an impetus to the market growth. In line with this, innovations in forming cans and controlling metal deposition onto packaging materials that assist in material efficiency and unique antimicrobial and microwave susceptor properties are positively influencing the market growth. Other factors, including the increasing product demand for packaging industrial products, the introduction of easy open-lid cans, and the growing demand for canned food due to hectic schedules and the busy lifestyles of the masses, are supporting the market growth.
Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global metal cans market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material type, fabrication and can type.
Breakup by Material Type:
Aluminium
Steel
Tin
Breakup by Fabrication:
Two Piece Metal Can
Three Piece Metal Can
Breakup by Can Type:
Food
Vegetable
Fruits
Pet Food
Others
Beverages
Alcoholic Beverage
Non-Alcoholic Beverage
Aerosols
Paints and Varnishes
Cosmetic and Personal Care
Pharmaceuticals
Others
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor plc, Ardagh Group S.A., Ball Corporation, CPMC Holdings Limited, Crown Holdings Inc., Hindustan Tin Works Ltd., Independent Can Company, Kian Joo Can Factory Berhad (Can-One Berhad), Mauser Packaging Solutions, Silgan Containers LLC (Silgan Holdings Inc.), Sonoco Products Company and Toyo Seikan Group Holdings Ltd.
Key Questions Answered in This Report:
How has the global metal cans market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global metal cans market?
What are the key regional markets?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the fabrication?
What is the breakup of the market based on the can type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global metal cans market and who are the key players?
What is the degree of competition in the industry?
