Global Food & Beverage Metal Cans Market Share Is Likely To Grow At A CAGR Value Of Around 5.8% By 2028

18-Apr-2022 | Facts and Factors

According to Facts & Factors, The Global Food & Beverage Metal Cans Market was worth around USD 27,419.5 million in 2021 and is estimated to grow to about USD 38,456.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.8% over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Metal, as a packaging material, has good barrier qualities and is therefore widely employed in food packaging applications. They are employed in a variety of packaging types and have a variety of closures, such as glass bottles and composite cans. Since metals are not inert with food products, the packing material is coated with protective lacquers to avoid food and metal interactions and to prevent migration into food. These packaging materials have a lower global warming potential and are more recyclable since they have magnetic properties that make segregation easier. The rising global demand for packaged food items is propelling the Food and Beverage Metal Cans Market in the forecast period.

Browse the full “Food & Beverage Metal Cans Market By Raw Materials (Aluminum and Steel), By Type (2-piece and 3-piece), By The Degree of Internal Pressure (Pressurized Cans, and Vacuum Cans), By Application (Food (Fruits & Vegetable, Convenience Food, Pet Food, Meat & Seafood, Other Food Products (Baby food, Dairy food, and Oils & fats)), Beverages (Alcoholic Beverages, Carbonated Soft Drinks, Sports & Energy Drinks, and Other Beverages (Dairy beverages, Packaged water, RTD coffee & Tea, Juices, and Nectar)), and By Region - Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” report at https://www.fnfresearch.com/food-and-beverage-metal-cans-market

In addition, the changing lifestyles of individuals and the increasing disposable income of consumers are supporting market expansion in the coming years. The Food and Beverage Metal Cans Market is also benefiting from rising consumer awareness about non-carcinogenic packaging. The metal cans are used for packaging as they match the safety regulations and hygiene standards of the consumers. The constant efforts made by major manufacturing businesses to create unique packaging goods are expected to provide enormous potential for the Food and Beverage Metal Cans Market over the anticipated period. Metal recycling and reusing are helping to drive the market forward. Moreover, the rising popularity of free home delivery has increased the demand for healthier food packing. However, growing worries about pollution, fluctuations in raw material prices, and the availability of alternatives are projected to stymie industry expansion.

The Food & Beverage Metal Cans Market is segregated based on Raw Material, Type, Degree of internal Pressure, and Application. Based on Raw Materials, the global market is distinguished into Aluminum and Steel. Based on Type, the global market is distinguished into 2-piece and 3-piece. Based on the Degree of internal Pressure, the global market is distinguished into Pressurized cans, and Vacuum cans. Based on Application, the global market is distinguished into Food, Fruits & vegetable, Convenience food, Pet food, Meat & seafood, Other food products (baby food, dairy food, and oils & fats), beverages, Alcoholic beverages, Carbonated soft drinks, Sports & energy drinks, and Other beverages (dairy beverages, packaged water, RTD coffee & tea, juices, and nectars).

In the food and beverage metal cans industry, North America held the biggest market share. The increased consumer awareness of environmental sustainability is driving the North American food and beverage metal cans industry. North America is a significant producer of food and beverages. Furthermore, North America is one of the world's largest consumers of aluminium cans, and the region is primarily controlled by a huge number of packaged food and beverage customers. Strong R&D expenditure and technological advances are projected to have a favorable impact on the North American domestic production of the food & beverage metal cans market.

These variables influence the North American market for food and beverage metal cans. The Asia-Pacific area is predicted to develop at the quickest rate throughout the forecasted period because of rising consumer disposable income, rising demand for high-quality metal packaging from the region, a variety of beers at varying prices, and the influence of Western culture. Moreover, the increase in beer consumption by the young population is likely one of the key causes leading to the region's rise in beer consumption, which supports the metal cans business.

Report Scope

Key players functioning in the Food & Beverage Metal Cans Market include Crown Holdings, Inc (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Huber Packaging Group GmbH (Germany), CCL Industries (US), Toyo Seikan Group Holdings Ltd (Japan), Universal Can Corporation (Japan), Independent Can Company (US), Mauser Packaging Solution LLC (Germany), Visy (Australia), Lageen Food Packaging (Israel), Massilly Holding S.A.S (France), P. Wilkinson Containers Ltd. (UK), Unimpack (The Netherlands), Müller und Bauer GmbH (Germany), Allied Cans (Canada)

Recent Development

• In 2020, Can-Pack SA has expanded its association with Special, which includes a new can design made specifically to honor the brand's local heritage. With icons for Geographical Brewery, Regional Malt House, Regional Barley, Regional Can, and Regional Printing House, the new can design indicates the regional provenance of every major aspect of the beer.

The food & beverage metal cans market is segmented as follows:

By Raw Material

• Aluminum
• Steel

 By Type

• 2-piece
• 3-piece

By Degree of internal Pressure

• Pressurized Cans
• Vacuum Cans

By Application

• Food
  • Fruits & Vegetables
  • Convenience Food
  • Pet Food
  • Meat & Seafood
  • Other Food Products (Baby food, Dairy food, and Oils & fats)
• Beverage
  • Alcoholic Beverages
  • Carbonated Soft Drinks
  • Sports & Energy Drinks
  • Other Beverages (Dairy beverages, Packaged water, RTD coffee & Tea, Juices, and Nectar)

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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