Global Food & Beverage Metal Cans Market is estimated to be 37.0 Billion by 2025 with a CAGR of 6.1% during the forecasted period.

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Published Date: May 2023

Growth in awareness concerning the drawbacks of using single-use plastics and government policies in banning the use of such plastics that affect the environment adversely has considerably driven the growth of the food & beverage metal cans globally

The global food & beverage metal cans market accounted for US$ 27.6 billion in 2020 and is estimated to be 37.0 billion by 2025 and is anticipated to register a CAGR of 6.1%.

The report. "Global Food & Beverage Metal Cans Market, By Product (Aluminum and Steel), By Type (2-piece Cans and 3-piece Cans), By Application (Food (Fruits & Vegetables, Meat & Seafood, Pet Food, and Convenience Food), Beverage (Alcoholic beverages (Beer, cider, and spirits), Carbonated soft drinks (CSDs), Fruit & vegetable juices, and Sports & energy drinks)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Highlights:

In April 2019, Crown Holdings, Inc. announced the development of round and square shorter cans in the luxury packaging market. This will help the company to expand its product portfolio.
In August 2019, Ball Corporation signed an agreement with Envases del Plata (Argentina), an Argentinian metal packaging company, to sell its tinplate steel aerosol packaging facilities. This agreement will help the company to increase its reach in the South American region.

Analyst View:

High recyclable rates of aluminum

Growing utilization of metal packaging for food & beverages packaging offers an environment-friendly and sustainable solution for packaging in multiple applications. Aluminum cans are appropriate to store in refrigerators and ovens. Changes in consumer preferences are seen for food & beverage packaging. As per the data published by Environmental Protection Agency of the United States (EPA), 1.9 million tons of aluminum packaging was produced for soft drinks and beer cans, and 49.2% of aluminum beverage cans were reused. The metal packaging for the food industry is regarded as safe, which is one of the major factors to support its growth in the target market.

Technological Advancements

Numerous food and beverage metal can producers are also expanding their businesses to developing countries in order to lower labor costs. Moreover, ability to enhance the self-life of packaged food items and cheaper price of metal cans is projected to keep the demand for these cans significantly high over the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Food & Beverage Metal Cans Market”, By Product (Aluminum and Steel), By Type (2-piece Cans and 3-piece Cans), By Application (Food (Fruits & Vegetables, Meat & Seafood, Pet Food, and Convenience Food), Beverage (Alcoholic beverages (Beer, cider, and spirits), Carbonated soft drinks (CSDs), Fruit & vegetable juices, and Sports & energy drinks)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global food & beverage metal cans market accounted for US$ 27.6 billion in 2020 and is estimated to be 37.0 billion by 2025 and is anticipated to register a CAGR of 6.1%. The market report has been segmented on the basis of product, type, application, and region.

By product, the aluminum segment is accounted to register major revenue share in the global food & beverage cans market and is anticipated to continue its dominance in the coming years. Lightweight and high molding properties of aluminum are anticipated to be a major factor propelling market growth. Additionally, growing recycling programs undertaken by various national governments due to concerns regarding depletion of natural resources is expected to boost the target market growth.
By type, the 2-piece cans are projected to account for the largest share for food & beverage metal cans market, owing to its high usage in the beverage industry
By application, the beverages segment is accounted to register major revenue share in the global food & beverage cans market owing to growth in consumption of alcoholic beverages, fruit & vegetable juices, and sports & energy drinks, in developing and developed countries, which is projected to drive the segment growth throughout the forecast period. Better cooling properties of metal cans are also anticipated to dive the global market growth.
By region, North America market is accounted to register major revenue share in the global food & beverage cans market, in 2017 and is projected to maintain its dominance in the coming years. Increasing consumption of alcoholic beverages such as beer is projected to be a major factor boosting market growth in this region.

Competitive Landscape:

The prominent player operating in the global Food & Beverage Metal Cans market includes Air Liquide, Linde Group AG, Cryofab Inc., Beijing Tianhai Industry Co., Ltd., The Emerson Electric Co., Flowserve Corporation, Herose GmbH, Graham Partners, Parker Hannifin, and INOX India Ltd.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period