The metal cans market is poised for robust future growth, with a projected net worth exceeding US$ 91.1 billion by 2033, exhibiting a steady 5% CAGR from 2023. Anticipated drivers for this surge include the escalating demand for metal cans as a solution for preserving food products, catering to the challenge of reducing fresh produce availability. The proliferation of supermarkets and modern convenience stores globally contributes to market expansion, offering favorable conditions for the metal cans industry. Moreover, the rising preference for cost-effective and sustainable packaging solutions, such as steel and tin cans, aligns with the environmentally-conscious mindset of consumers, further propelling market growth. Increased consumer awareness regarding non-carcinogenic packaging components is expected to fortify the market’s upward trajectory, solidifying metal cans as a vital player in the packaging domain.
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One of the major factors driving the market is the increasing demand for canned food and beverages. Canned goods have a long shelf life, which makes them a convenient option for consumers who are looking for easy-to-store and easy-to-use products. In addition, canned products are easy to transport, making them a popular choice for consumers who are always on the go.
Another factor driving the market is the growing popularity of metal cans as a packaging material. Metal cans are widely used in the food and beverage industry due to their durability, resistance to damage, and ease of recycling. In addition, metal cans are able to protect the contents from light, air, and bacteria, which helps to extend the shelf life of the product.
Growth Drivers:
- Sustainability Drive: Increasing focus on environmental sustainability propels the metal cans market, with aluminum and steel being highly recyclable materials.
- Rising Beverage Consumption: Growing global consumption of beverages, including soft drinks, energy drinks, and alcoholic beverages, is a key driver stimulating the demand for metal cans.
- Advancements in Packaging Technology: Ongoing innovations in metal can manufacturing technology contribute to enhanced product quality, shelf life, and cost-effectiveness, driving market growth.
- Preference for Lightweight Packaging: The demand for lightweight and portable packaging solutions boosts the popularity of metal cans, especially in the beverage industry, for their convenience and reduced environmental impact.
- Health and Safety Concerns: Metal cans are perceived as a safer packaging option for food and beverages, driving consumer preference and industry growth amid increasing health and safety awareness.
Business Trends:
- Customized Packaging Solutions: The market sees a trend towards offering customizable metal can designs, catering to brand identity and consumer preferences for unique and personalized packaging.
- Increasing Adoption of Hybrid Packaging: Companies explore hybrid packaging solutions, combining metal cans with other materials, to create innovative and functional packaging designs with enhanced features.
- E-commerce Packaging Surge: The rise of e-commerce leads to a surge in demand for durable and protective packaging, driving the adoption of metal cans as a reliable and secure option for shipping various products.
- Premiumization of Packaging: Premium and luxury brands are increasingly opting for metal cans, leveraging the material’s sleek and premium appearance to enhance product positioning and attract discerning consumers.
- Smart Packaging Integration: The incorporation of smart packaging technologies, such as QR codes and NFC tags, into metal cans allows brands to engage consumers, provide information, and track product authenticity, contributing to market trends
Key Companies Profiled
- Rexam PLC
- Silgan Containers LLC
- Kian Joo Can Factory Berhad
- Independent Can Company
- Trinity Holdings
- Berlin Packaging Company
- Crown Holdings, Inc.
- SKS Bottle & Packaging, Inc.
- Caira Can Company Limited
- Toyo Seikan Co LTD
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Metal Cans Market: Segmentation
Material Type:
- Aluminum
- Steel
- Tin
Fabrication Type:
- Two Piece Can
- Three Piece Can
Application:
- Alcoholic Beverages
- Non-Alcoholic Beverages (Aerated and Non-Aerated Beverages)
- Processed Dairy Food Products
- Other Processed Food Products
- Edible Oil
- Medicinal Tablets and Syrups
- Personal Care and Cosmetic Products
- Industrial Chemicals
End User:
- Food & Beverages
- Pharmaceutical Industry
- Consumers Goods
- Chemical
Region:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific excluding Japan(APEJ)
- Middle East and Africa (MEA)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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