The global metal cans market size was valued at USD 53.41 billion in 2020 and is expected to expand at a CAGR of 2.35% during the forecast period, 2021–2028. The growth of the market is attributed to unique characteristics, which include transportation resistance, a hermetically sealed lid, irregular handling, and simple recyclability.
Metal cans are the vessels used for the storage of beverages, oil, chemicals, and food. Metal cans are both lightweight and easy to stack. Metal cans are manufactured mostly of steel, aluminum, and tin, and account for over 0.33 percent of the metal packaging industry. One of the most notable advantages of metal cans is that they are 100 percent recyclable without compromising the material's sturdiness or quality, contributing to environmental sustainability. Moreover, Ball Corporation has also decided to sell its tinplate steel aerosol packaging operations to an Argentine metal packaging company in Argentina, San Luis and Garin, Envases del Plata SA. The company will accomplish the growing demand of sustainable aluminum aerosol canisters, following the shutdown its eight operations of the company in Canada, the Czech Republic, India, France, Mexico, the United States, and the United Kingdom.
The worldwide metal cans business saw its fair share of ups and downs during the coronavirus period, as the spike in demand for healthy drinks have accelerated the market expansion. However, the industry's progress was inhibited to a greater extent by the production standstill and supply chain disruption caused by the COVID-19 shutdown.
Market Trends, Drivers, Restraints, and Opportunities
- Rising disposable income and changing lifestyle tend towards the usage of canned food and beverages that drives the market growth during the forecast period.
- Increasing environment concern leads to the manufacturing of recyclable metal cans. This is a major factor anticipated to boost the market expansion.
- Fluctuating price of raw material such as steel and aluminum, can hinder the market growth.
- High demand of its substitute including paper and plastic expected to hamper the market in the coming years.
- Development of product using advance technology such as graphic design on the surface of can, creates lucrative opportunities for the market growth.
Scope of the Report
The report on the global metal cans market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Metal Cans Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
End-users (Beverage, Food, and Others), and Types (Steel and Aluminum)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Ball Corporation; Silgan Containers LLC; SKS Bottle & Packaging, Inc.; Crown Holdings Inc.; and MAUSER Group
|
Market Segment Insights
Food segment to expand at a considerable CAGR
On the basis of end-users, the metal cans market is segmented into beverage, food, and others. The food segment is projected to expand at a considerable CAGR during the forecast period, due to rising petition of sealed and tamper-proof steel container food. On the other hand, the beverage segment is anticipated to account for a major market share during the forecast period owing to the increasing demand for both non-alcoholic and alcoholic beverages.
Aluminum segment to hold a significant share of the market
In terms of types, the market is divided into steel and aluminum. The aluminum segment is expected to hold a significant share of the market in the coming years owing to its lightweight and non-reactive property. However, the steel segment accounts for a significant market share as it prevents leakage and it is less fragile than plastic or cartons, these factors make it ideal containers for beverages.
North America is anticipated to constitute a key market share
In terms of regions, the metal cans market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the increasing demand for diverse nutritious beverages, carbonated soft drinks, health drinks, and sucralose juices in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to changing lifestyle of the people, they are busy with their tiring schedule and do not have time for cooking.
Segments
Segments Covered in the Report
The global metal cans market has been segmented on the basis of
End-users
Types
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Ball Corporation
- Silgan Containers LLC
- SKS Bottle & Packaging, Inc.
- Crown Holdings Inc.
- MAUSER Group
Competitive Landscape
Key players competing in the metal cans market are Ball Corporation; Silgan Containers LLC; SKS Bottle & Packaging, Inc.; Crown Holdings Inc.; and MAUSER Group.
The metal cans market is extremely fragmented due to the existence of several worldwide and local industry players. Vendors compete in this market based on product portfolio, distinctiveness, and pricing. For instance, Can-Pack SA has extended its cooperation with Specjal, a regional beer brand in northern Poland, until July 2020. The firm will give new graphics for its customers as part of the expanded relationship to show the geographical provenance of every major feature of the beer for Specjal.
Request For Customization
Enquiry Before Buying
Speak With Analyst
