According to the latest report by IMARC Group, titled “Metal Cans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global metal cans market size reached US$ 64.8 Billion in 2022. Metal cans are widely used containers made from metal materials, typically aluminum or steel, extensively employed in various industries for packaging and preserving a wide range of products. These cans are manufactured through a process of cutting, forming, and sealing sheets of metal into cylindrical or rectangular shapes, providing a secure and airtight enclosure for food, beverages, chemicals, and other consumer goods. Metal cans offer exceptional properties such as rigidity, durability, and resistance to temperature fluctuations, making them ideal for preserving the freshness and quality of the contents. The versatility of metal cans allows for various sizes and shapes, meeting the diverse packaging needs of different industries. As a result, they are extensively used in the food and beverage (F&B) sector for packaging canned foods, soft drinks, beer, and other beverages. Besides this, metal cans also provide reliable packaging solutions for products such as aerosols, ointments, and creams in the pharmaceutical and personal care industries.
Global Metal Cans Market Trends:
The global metal cans market is mainly driven by the widespread demand for sustainable and efficient packaging solutions across industries. In line with this, the rising demand for environmentally friendly packaging alternatives is prompting businesses and consumers to adopt metal cans due to their high recyclability and material efficiency. Moreover, the introduction of stringent regulations by governments and regulatory bodies encouraging the use of metal packaging as it aligns with their sustainability initiatives and helps reduce the carbon footprint of industries is creating a favorable outlook for market expansion. In addition to this, the bolstering growth of the F&B industry and the growing trend of convenience and on-the-go consumption are propelling the demand for metal cans. Besides this, the surging popularity of canned beverages and foods, such as soft drinks, energy drinks, alcoholic beverages, fruits, vegetables, and ready-to-eat (RTE) meals, due to their ease of transportation and longer shelf life, is acting as another significant growth-inducing factor. Concurrently, the packaging industry's continuous innovation and development of metal cans with enhanced functionalities, such as easy-open features and tamper-evident seals, to meet consumer expectations and improve user experience are contributing to the market growth. Furthermore, the expanding product adoption across the pharmaceutical and personal care industries due to the material's protective properties and its ability to maintain the integrity of sensitive contents is aiding in market expansion. Looking forward, the market value is projected to reach US$ 75.7 Billion by 2028, expanding at a CAGR of 2.5% during 2023-2028.
- Based on the material type, the market is segregated into aluminium, steel, and tin.
- On the basis of the fabrication, the market has been bifurcated into two piece and three piece metal cans.
- Based on the can type, the market is categorized into food (vegetable, fruits, pet food, and others), beverages (alcoholic and non-alcoholic beverages), aerosols (paints and varnishes, cosmetic and personal care, pharmaceuticals, and others), and others.
- On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some 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.
|Base Year of the Analysis
||Material Type, Fabrication, Can Type, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
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