IMARC Group, a leading market research company, has recently releases report titled “Metal Cans Market Report by Material Type (Aluminium, Steel, Tin), Fabrication (Two Piece Metal Can, Three Piece Metal Can), Can Type (Food, Beverages, Aerosols, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global metal cans market.
How Big Is the Metal Cans Market?
The global metal cans market size reached US$ 66.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 81.1 Billion by 2032, exhibiting a growth rate (CAGR) of 2.2% during 2024-2032.
Factors Affecting the Growth of the Metal Cans Industry:
- Rising Health and Safety Concerns:
Consumers are vigilant about the packaging of their food and beverages due to the growing awareness of how packaging can affect food safety, freshness, and nutritional value. Additionally, metal cans cater to these consumer demands exceptionally well, offering airtight seals that protect contents from contamination, oxygen, and light, which are crucial for preserving the integrity and extending the shelf life of the product, thus contributing to the market growth. Moreover, metal cans offer inherent properties such as their impermeability and solidity, ensuring that no external contaminants compromise the food quality, thereby maintaining health standards and consumer trust, thus representing another major growth-inducing factor.
- Growing Food and Beverage Industry:
The food and beverage (F&B) industry is driven by evolving consumer preferences, rapid urbanization, and increasing disposable incomes. These dynamics are prompting a higher consumption of packaged foods and beverages, where metal cans are essential due to their convenience, durability, and sustainability. Moreover, the widespread adoption of metal cans due to their versatile packaging solutions, ideal for various products, from carbonated drinks and craft beers to canned vegetables, fruits, and ready-to-eat (RTE) meals is propelling the market growth. It can also preserve the flavor, aroma, and nutritional quality of contents, coupled with their ease of transportation and storage, making them a preferred choice for manufacturers and consumers across the market.
- Rising E-commerce Packaging Solutions:
The growing e-commerce sector is transforming the packaging market, and escalating the demand for packaging solutions that combine durability with protective capabilities. In addition, metal cans are emerging as an excellent choice for e-commerce, due to their robust construction that ensures products remain intact during transit, contributing to the market growth. Besides this, the growing online shopping sector requires packaging that can withstand the logistical challenges of shipping, handling, and delivering, while preserving the product’s quality, thus augmenting the market growth. Nowadays, metal cans are resilient to pressure, prevent leaks, and protect against environmental factors such as humidity and temperature variations, thus creating a positive market outlook.
For an in-depth analysis, you can refer sample copy of the report : https://www.imarcgroup.com/metal-cans-market/requestsample
Leading Companies Operating in the Global Metal Cans Industry:
- 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.
Metal Cans Market Report Segmentation:
The report has segmented the market into the following categories:
By Material Type:
- Aluminium
- Steel
- Tin
Aluminium dominates the market due to its lightweight, corrosion-resistant, and highly recyclable properties, offering efficiency in transportation and sustainability benefits.
By Fabrication:
- Two Piece Metal Can
- Three Piece Metal Can
Two piece metal can represent the largest segment due to its cost-effectiveness and innovative design, which allows for better preservation of food and beverages, coupled with easier manufacturing processes and lower material wastage.
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
Beverages hold the largest market share due to their durability, ability to preserve flavor, and extended shelf life, making them ideal for carbonated drinks, beer, and other beverages.
Regional Insight:
- 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
North America’s dominance in the metal cans market is attributed toTop of FormTop of Form its established food and beverage industry, rising consumer demand for convenient and sustainable packaging, and stringent food safety regulations driving the adoption of high-quality metal cans.
Global Metal Cans Market Trends:
At present, metal cans are recyclable and have a high recycling rate compared to other packaging materials. In addition, the increasing environmental awareness and regulations promoting sustainability are encouraging consumers and businesses to opt for eco-friendly packaging solutions, thus driving the demand for metal cans. Moreover, the growing food and beverage (F&B) industry is driven by changing consumer preferences, urbanization, and rising disposable incomes.
Besides this, manufacturers are continuously innovating in terms of design, materials, and functionalities to meet consumer demands and differentiate their products, thus contributing to market growth. Furthermore, advanced technologies, such as easy-open lids, resealable cans, and improved printing techniques for branding, are enhancing the appeal of metal cans, attracting more consumers across the globe.
If you require any specific information that is not currently covered within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1–631–791–1145
Browse Other Research Reports:
Battery-as-a-Service (BaaS) Market Report 2024-2032
Bio-Based Polymer Market Share Report 2024-2032
Global Cholera Vaccines Market Report 2024-2032