Food & Beverage Metal Cans Market Size, Share, Growth, and Industry Analysis, By Type (Three-Piece Cans and Two-piece Cans), By Application (Food Industry, Beverage Industry, Convenience Food and Pet Food), Regional Forecast to 2028

Updated On: 06 May 2024

REPORT OVERVIEW

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The global food & beverage metal cans market size was in USD 49350 million 2022. As per our research, the food & beverage metal cans market is expected to reach USD 58930 million by 2028, exhibiting a CAGR of 3.0% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

food and drink Metal cans are packaging materials used to package a variety of food and beverage products. These cans are constructed of metal, most often aluminum or steel. These cans have a number of benefits, including robustness, tamper resistance, and the capacity to shield the contents from air, light, and moisture. Because they are portable and light, metal cans are useful to customers. They are frequently used for canned alcoholic drinks, fruits, vegetables, soups, carbonated drinks, and energy drinks. Perishable foods and beverages can be kept longer on the shelf because to the exceptional protection that metal cans offer against oxygen and light. This is crucial for goods that must be kept for an extended period of time, like canned fish, meats, and vegetables.

The safety and integrity of the packaged goods are ensured by the tamper-evident features found on metal cans. Consumer trust in canned goods has improved as a result of this element, particularly when it comes to baby food, pet food, and ready-to-eat meals. Because they are largely recyclable, metal cans are an eco-friendly choice for packaging. The recycling of metal is a resource-saving and effective procedure. Metal cans are now preferred over alternative packaging materials like plastic due to growing environmental consciousness. The demand for packaged food and beverages is rising as a result of increased disposable incomes, changing consumer lifestyles, and expanding populations in emerging nations. Metal cans offer manufacturers who are aiming for these markets an affordable and effective packaging choice.

COVID-19 Impact: Increased Demand for Shelf-Stable Products to Boost Market Growth

Due to worries about food shortages and the need for hoarding during the pandemic, people sought out shelf-stable items with extended shelf life. The sales of food and beverage metal cans were boosted as a result of the rise in demand for tinned goods. Lockdowns and other social isolation measures caused a shift in consumer behavior towards packaged items, such as canned foods and beverages, which were seen as being safer and more hygienic than loose commodities. The demand for metal cans was further increased by this trend. The epidemic hastened the development of home delivery services and e-commerce. Because they are dependable and portable, canned goods are ideal for online orders and delivery. As a result, sales of canned food and drinks surged, driving up demand for metal cans.

LATEST TRENDS

"Sustainability and Recycling to Enhance Market Growth"

Metal cans are being lightweighted more and more by manufacturers in an effort to save on resources and transportation expenses. In order to do this, thinner metal materials must be used while still preserving the cans' protective and structural qualities. Metal cans are included in the packaging sector's rising focus on sustainability. Metal cans' recyclability and recycled content are being increased by measures being carried out by the manufacturers. To improve the environmental performance of cans, researchers are also looking into alternative materials, such as bio-based or biodegradable coatings. In order to attract customers' attention and improve the whole product experience, metal can design are evolving. This covers distinctive forms, textured or embossed surfaces, and resealable choices. To draw customers, appealing designs and branding components are also being used.

SEGMENTATION

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• By Type

Based on type market is classified as three-piece cans and two-piece cans.

• By Application

Based on application market is classified as three-piece cans and two-piece cans.

DRIVING FACTORS

"Convenience and Portability to Augment Market Growth"

Metal cans for food and drink provide consumers convenience and portability. They are a well-liked option for busy lifestyles because they are portable, lightweight, and easy to carry.

Food and beverage goods have a longer shelf life because metal cans offer great protection against oxygen, light, and moisture. For perishable goods that require longer shelf life, such as canned fruits, vegetables, soups, and beverages, this is crucial. The safety and integrity of the food and beverage goods are ensured by the use of metal cans, which offer a reliable and tamper-resistant packaging solution. The canning procedure shields the contents from outside pollutants while maintaining their nutritional value and flavour.

"Cost-effectiveness to Propel Market Growth"

Because they are largely recyclable, metal cans are an eco-friendly choice for packaging. The recycling of metal is a resource-saving and effective procedure. Food and beverage metal can demand has increased as a result of rising consumer knowledge of and preference for environmentally friendly packaging solutions. Both producers and customers can benefit financially from using metal cans. They provide effective filling and production procedures, which lowers manufacturing costs. Furthermore, metal cans are frequently inexpensive, making them a cost-effective packaging option for food and beverage firms. The market for food and beverage metal cans is developing as a result of rising urbanisation trends, rising disposable incomes, and expanding populations in emerging nations. The demand for metal cans rises as more consumers have access to packaged foods and beverages.

RESTRAINING FACTORS

"Competition from Alternative Packaging Materials to Impede Market Expansion"

Alternative packaging materials like plastic, glass, and flexible packaging compete with metal cans for consumer attention. Each of these materials has special benefits, and some product categories or consumer preferences may favour one over the others. The growth of food & beverage metal cans in some markets may be constrained by the presence of substitute choices.  Metal cans have an environmental impact despite being highly recyclable because of the raw material extraction, energy use during manufacturing, and waste produced during recycling. Consumers' growing environmental consciousness has resulted in a move towards more environmentally friendly packaging solutions, which could affect the demand for metal cans.

REGIONAL INSIGHTS

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"North America to Dominate the Market Due to High Per Capita Income"

An extensive range of items in the well-established food & beverage metal cans market share in North America have a high demand for metal cans. The consumption of canned food is highly prevalent in the area, and metal cans are frequently used to package a variety of foods, including fruits, vegetables, soups, sauces, beverages, and more. Metal cans fit well with North American consumers' tastes because of their convenience, toughness, and safety features. The demand for food and beverage metal cans is further supported by the vast population, high per capita income, and developed retail infrastructure in North America. Due to the presence of multiple significant metal can producers in the area and a strong supply chain network, metal cans will be available to fulfil market demand.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent food & beverage metal cans market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Ball Corporation (U.S.)
• Crown Holdings (U.S.)
• Ardagh group (Ireland)
• Toyo Seikan (Japan)
• Silgan Holdings Inc (U.S.)
• Can Pack Group (Poland)
• Daiwa Can Company (Japan)

REPORT COVERAGE

The food & beverage metal cans report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.