Metal Cans Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2163
Metal Cans Market size is expected to witness a surge in demand due to growing popularity of metal and for storage of food, oil, beverages and other valuable products. These cans are highly environmental friendly as they are 100% recyclable in nature without any loss of quality and sturdiness. Changing lifestyle, rising disposable income, growing alcoholic and non-alcoholic beverages requirement and rising need for processed food will propel the global metal cans market demand over the forecast period.
Metal cans are packaging systems initially introduced for wine packaging in the beginning of nineteenth century, now has expanded into various end use commodity packing applications including chemicals, oil and edible oil and beverage items. They are generally used in storage and distribution of food times. Metal cans are made up of certain materials including aluminum, tin-free steel and tin-coated steel. Tinplate steel is extensively used for packaging processes as they possess high physical strength, fairly low price and corrosion resistance. Ease of manufacturing due to high malleability in aluminum containers offers better corrosion resistance and are less costly than tinplate steel products. The recycling rate of product is more than any other packaging solution. Another effective advantage of the product is that it reduces CO2 content application and in turn, decreasing the overall parent material usage of this harmful gas.
Metal Cans market is substantially driven by its increasing applications in food and beverage packing industry, particularly in packaging of aerated and non-aerated beverage products. Growing portfolio of personal care products will naturally enhance the packaging industry. Rise in consumer awareness concerning application of non-carcinogenic materials in packaging and increased demand for lightweight packing, is generating high growth prospects for the metal cans market. However, rising replacement possibility of polymer based packaging materials including polyethylene and polyethylene terephthalate (PET) is anticipated to hinder the metal cans market share in the overall packaging market in the forecasted period.
Asia Pacific is expected to be the fastest growing metal cans market owing to its flourishing economy coupled with increasing spending in processed food and beverages items, busy lifestyle and advantageous demographics. Rapid growth of consumer goods in India, China and Japan majorly effect the product demand in various applications including packaging of vegetables & fruits products.
Rising demand of various floured soft drinks including carbonated soft drinks and sucralose juices in North America is projected to positively impact metal cans market demand over the forecast period. In addition, industry growth is also influenced by widespread promotional activities and research developments taken up by various key players will stimulate the progress of metal cans market.
Increasing demand for canned cold coffee and energy drinks in Latin America and Europe is also expected to drive growth. High consumption of canned beverages in various sports tournaments including Barclays Premier League, Major League Baseball and La Liga due to growing convenience in handling the food times is expected to foster the metal cans market demand over the forecast period.
Global metal cans market is highly fragmented owing to the presence of various global and local industry player. Vendors in this market participate on the basis of product portfolio, differentiation and pricing. Evolution in entry of new companies among personal care and food & beverages industry coupled with innovative packaging technologies are effective growth drivers for this industry.
Some of the key metal cans market players include Silgan Holdings, Crown Holdings, Ardagh Packaging, Rexam, CPMC mand Can-Pack. Other prominent players are Kingcan Holdings, HUBER Packaging, Kian Joo Can Factory Berhad, Toyo Seikan, Tetra Laval International, Trinity Holdings, Can Smart(PTY), Anheuser-Busch, Independent Can, Berlin Packaging, Caira Can, SKS Bottle & Packaging, Amcor and Sonoco Phoenix.
In 2016, Ardagh Packaging expanded its beverage can business by acquiring specific packaging production assets and support locations from Ball Cooperation and Rexam with a USD 3.42 billion deal. As per the strategy, the company received two end plants and 10 can production plants in Europe, one end plant and seven can production plants in the US, two can production plants in Brazil, several R&D facilities in UK, Germany, the US and Switzerland.
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