The global metal cans market is garnering substantial traction. The market growth attributes to the growing numbers of working populaces and rising consumer preference worldwide. With schedules increasingly becoming hectic, working populaces are vastly inclining towards convenience foods. 

Rising demand for convenient packaging solutions and the longer shelf life benefits that metal cans offer impact the growth of the market positively. With the rising demand for various beverages with longer shelf life, the market is projected to enjoy extensive traction during the next few years. 

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According to Market Research Future (MRFR), the global metal cans market is projected to grow at a striking CAGR during the review period (2020-2027). Growing applications across the burgeoning food beverage sector contribute a major share to the overall market growth.

Additionally, the rising population and improving economic conditions that increase consumer purchasing power substantiate market growth. The growing ecommerce industry is the largest consumer of metal cans, driving the market growth. Simultaneously, the restricted use of plastic packaging material pushes the market value.

The increasing demand for aluminum and tin as alternatives for plastic packaging, alongside the increasing efforts by manufacturers on the journey towards sustainability, escalate the market growth to furthered height, providing growth opportunities for market players.

Market Segmentation

The global market for metal cans has been segmented into material, type, and application.

Based on the material, the global metal cans market has been segmented into aluminum, steel, and tin. Among these, the aluminum segment is expected to dominate the metal cans market by 2023. The dominant position of this segment can be due to the growing use of aluminum for metal can packaging by companies. Aluminum is lightweight and non-reactive to all kinds of food and beverages. 

Based on the type, the global metal cans market has been segmented into two-piece metal cans and three-piece metal cans. The two-piece metal can segment led the market in 2016 and is projected to be the fastest-growing metal can type. The two-piece metal can is easy to manufacture, highly durable, and convenient to transport and stack. 

Based on application, the global metal cans market has been segmented into food, beverage, and others. The beverage segment led the market in 2016 and is projected to be the fastest-growing application over the next five years due to their high-end application to pack alcoholic non-alcoholic drinks and aerated non-aerated beverages.

Metal Cans Market – Geographical Analysis 

The Asia Pacific region dominates the global metal cans market. Factors such as the hugely increasing consumption of metal cans across end-use industries and various government initiatives to establish consumer-oriented industries drive the market growth. Besides, high investments by manufacturers in product development and expanding their footprints in developing economies substantiate the market size. 

The rise in the food beverage industry across the region propels the market revenues. Moreover, rising exports of various exotic drinks and the growing e-commerce industry in the region foster the market shares. China and India are major markets for metal cans in the region, providing increasingly lucrative opportunities. The APAC metal cans market is likely to retain its dominance throughout the forecast period. 

Global Metal Cans Market – Competitive Analysis 

Fiercely competitive, the metal cans market appears fragmented, with several well-established players forming a competitive landscape. These players incorporate strategic initiatives such as collaboration, mergers acquisitions, expansion, and product/technology launch to gain a significantly larger competitive share. 

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Major Players:

Players leading the global metal cans market are Silgan Containers LLC (US), Rexam plc (UK), Kian Joo Can Factory Berhad (Malaysia), Ball Corporation (US), Independent Can Company (US), Crown Holdings, Inc. (US), SKS Bottle Packaging, Inc. (US), HUBER Packaging Group GmbH (Germany), Ardagh Group S A (Luxembourg), Berlin Packaging (US), The Cary Company (US), Allied Cans Limited (Canada), Allstate Can Corporation (US), CPMC Holdings Limited (China), and Kaira Can Company Limited (India), among others.

Industry/ Innovation /Related News: 

September 01, 2021 --- Ardagh Group, a glass, and metal packaging giant, announced its plans to launch an offer to allow investors to swap their stock for its beverage cans unit. The company is set about securing a separate listing for its drinks cans unit, taking advantage of the high valuations being put on assets in this area of the industry. The company said that the aim is to eliminate the inefficiencies resulting from having two publicly traded companies with separate stock market reporting obligations.

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