Food and Beverage Metal Cans Market

Global Food And Beverage Metal Cans Market Size (2024 to 2029)

The global food and beverage metal cans market size is worth US$ 56.71 million in 2024, and it is estimated to reach a valuation of US$ 67.81 million by the end of 2029, rising at an annual compound rate of 3.64% between 2024 and 2029. The main advantage is expected to fuel the growth of the Food and Beverage Metal Cans Market during the forecast period.

Food and Beverage Metal Cans are mainly used for food and beverage packaging and were initially introduced in the 19th century. Basically, Food and Beverage Metal Cans were used for wine packaging but then spread to many industrial uses such as oils, chemicals, and food and beverage products. Metal cans are made of aluminum and steel and are used for packaging in various industries. Metal cans are commonly used containers for the distribution and storage of food and beverages. Packaging has essential applications in the packaging of sports and energy drinks, alcoholic beverages, prepared foods, meat and seafood, fruits and vegetables, carbonated soft drinks, and pet food. Metal cans are generally made of aluminum or steel.

The demand for the Food and Beverage Metal Cans Market has increased as the aluminum recycling rate is high, the number of health-conscious consumers increases, and awareness of healthy nutrients in food and beverages increases.

MARKET DRIVERS

Factors such as environmental benefits, the increase in canned goods, and rapid recycling rates are expected to have a positive impact on the metal can industry during the outlook period.

This product stands out for its unique characteristics, such as airtight cover, resistance to transport and irregular handling, and ease of recycling. Aluminum and steel plates are the primary raw materials for the manufacture of products. High availability and ease of use have supported the acceptance of metal cans in the packaging industry. Furthermore, the innovation of the Food and Beverage Metal Cans Market in the manufacturing process, size, and shape has taken the packaging industry to another level. In addition, better preservation and good shelf life have increased the use of metal cans in the food and beverage industry.

The impressive food and beverage industry sales strategy for the purpose of metal cans has had a significant impact on the global market, as it is challenging to review in the latest fashion. Still, it is convenient and economical for users. Product differentiation and the use of green products and practices can also provide tremendous opportunities for market growth. The global market for metal cans for food and beverages has experienced remarkable growth in recent years due to the rapid packaging industry. With the increasing demand for packaged food worldwide, it has been a great stimulus to the world in the last few years. Analysts expect higher disposable income and lifestyle changes to have a positive impact on the global market. The market also benefits from the fact that metal cans can be recycled and reused. Metal cans are used for packaging canned food, pet food, beverages, etc.

The global market for metal cans for food and drink is anticipated to grow significantly during the prediction period. The market is becoming famous due to its full application in the food and beverage industry, and manufacturers are focusing more on tailoring metal cans to prevent contamination and decomposition of food and beverage products. Modernizing consumer lifestyles can have a positive impact on overall market growth during the forecast period. Also, the plastic ban offers a favorable opportunity for the packaging industry. The various coating techniques used in product manufacturing include high-solids coatings, water-based coatings, powder coatings, UV cure coatings, and conventional solvent-mediated coatings. This coating aims to protect the product from wear and oxidation, reduce friction, and improve handling.

MARKET RESTRAINTS

Market growth may be limited if consumer environmental problems with aluminum, iron ore, and other metals increase.

Compared to other alternatives such as paper and plastic, factors such as fluctuations in raw material prices and a lack of microwave capabilities are expected to hamper overall growth in the industry.

REPORT COVERAGE

REGIONAL ANALYSIS

North America has become the dominant region, accounting for 31.2% of the total share of imports. Increased consumption of beer and other alcoholic beverages is likely to boost the local industry in the projection period. US consumption of frozen and canned foods is assumed to drive market growth during the forecast period. North America and Europe are expected to lose market share in the Asia-Pacific market by contributing to a large part of global beer consumption with China due to emerging markets such as India and China. Furthermore, the increase in meat consumption in China is foreseen to expand market growth during the forecast period further.

Europe was the second largest region, accounting for 30.4% of sales share. Along with European Commission initiatives related to the recycling of chemicals and metals, increased beer consumption is expected to accelerate the growth of the metal can industry during the forecast period. The Asia Pacific area is envisioned to record the fastest growth in the next five years. The increase in disposable income, the availability of different beers at different costs, and the influence of Western culture are determined to increase the demand for beer in Asia. Furthermore, the increase in beer consumption by the young population is probably one of the main factors contributing to the rise in beer consumption in the region, supporting the metal cans business.

KEY PLAYERS IN THE GLOBAL FOOD AND BEVERAGE METAL CANS MARKET

Major Key Players in the Global Food and Beverage Metal Cans Market are Crown Holdings, Ball Corporation, Silgan Holdings, Ardagh Group, CAN-PACK S.A., Kian Joo Group, CPMC Holdings, Kingcan Holdings Limited, Tetra Laval International S.A., and HUBER Packing Group 

RECENT HAPPENINGS IN THE MARKET

• Crown Holdings, Inc., in April 2019, declared the launch of shorter, rounded cans on the high-end packaging market. This enabled the company to extend its current portfolio of products.
• Ball Corporation agreed to sell its tin steel aerosol packaging facilities to Envasesdel Plata, a metal packaging company based in Argentina during August 2019. This agreement will help the company expand its business in South America.
• Ball Corporation in October 2019, published the construction of a new aluminum cup manufacturing plant in Rome, Georgia, to meet the growing demand for beverage packaging in the United States. This new plant aids the enterprise to extend its presence in the United States.
• In July 2019, Ardagh Group launched a thin line of 187 ml specially designed to protect wines and wine-based beverages. This launch aims to extend the existing product portfolio of this organization.
• In March 2018, Berlin Packaging acquired H. Erben Ltd., a UK-based supplier of packaging and packaging equipment. The company merged with the Erben acquisition will have a foothold in Europe. The purchase will also help customers and suppliers in Berlin and Erben.

DETAILED SEGMENTATION OF GLOBAL FOOD AND BEVERAGE METAL CANS MARKET INCLUDED IN THIS REPORT   

This research report on the global food and beverage metal cans market has been segmented and sub-segmented based on material, application, food can sub-application, beverage can sub-application, beverage metal cans type & region.            

By Material

• Aluminum             
• Steel  

By Application

• Food         
• Beverage

By Food can sub-Application

• Fruits & Vegetables            
• Convenience Foods           
• Pet Food 
• Meat and Sea Food            
• Other Food Products   

By Beverage can sub-Application

• Alcoholic Beverages           
• Carbonated Soft Drinks    
• Sports and Energy Drinks 
• Other Beverages 

By Beverage Metal Cans Type

• 2-Piece Cans          
• 3-Piece Cans

By Region 

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa