IMARC Group, a leading market research company, has recently releases report titled “Metal Cans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global metal cans market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Metal Cans Market?
The global metal cans market size reached US$ 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.5% during 2023-2028.
What are Metal Cans?
Metal cans are packaging containers made from tin, steel, and aluminum. They are sealed with removable lids and used to store or transport soups, fruits, vegetables, beverages, pet food, paints, and varnishes. They are strong and durable and allow damage-free handling, filling, processing, storage, and distribution. They are also affordable, corrosion-resistant, and recyclable and do not affect the flavor or color of the products. In addition, they provide pressure resistance, malleability, toughness, durability, and compactness. As a result, metal cans find extensive applications across the personal care, pharmaceuticals, and food and beverage (F&B) industries.
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What are the growth prospects and trends in the metal cans industry?
The global metal cans market is primarily driven by the rising product use in the F&B sector as a packaging solution for storing numerous products, such as energy drinks, alcoholic beverages, iced teas, sodas, and carbonated soft drinks. Moreover, metal cans are more easily recyclable than other materials, such as plastic or glass, and can be reused and recycled without incurring any performance loss.
In line with this, the rising demand for eco-friendly cans due to the increasing environmental consciousness among individuals is positively influencing the market growth. Besides this, the surging focus of key players on introducing customized designs for brands to promote brand awareness and expand their consumer base is another major growth-inducing factor. Along with this, recent innovations in can-making and controlling metal deposition on packaging materials that improve material efficiency and provide unique antibacterial and microwave susceptor properties have catalyzed market growth.
Other factors, including the introduction of easy open-lid cans, rising product demand for packaging industrial products, and increasing sales of canned foods due to hectic consumer lifestyles, are also anticipated to drive the market further.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material Type:
Breakup by Fabrication:
- Two Piece Metal Can
- Three Piece Metal Can
Breakup by Can Type:
- Pet Food
- Alcoholic Beverage
- Non-Alcoholic Beverage
- Paints and Varnishes
- Cosmetic and Personal Care
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Amcor plc, Ardagh Group S.A., Ball Corporation, CPMC Holdings Limited, Crown Holdings Inc., Hindustan Tin Works Ltd., Independent Can Company, Kian Joo Can Factory Berhad (Can-One Berhad), Mauser Packaging Solutions, Silgan Containers LLC (Silgan Holdings Inc.), Sonoco Products Company and Toyo Seikan Group Holdings Ltd.
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