Global Food and Beverages Metal Can Market Size, Share, Growth Analysis, By Type, By Raw material, By Degree of internal pressure, By Application - Industry Forecast 2024-2031

Global Food and Beverages Metal Can Market size was valued at USD 31.07 billion in 2022 and is poised to grow from USD 32.97 billion in 2023 to USD 52.94 billion by 2031, growing at a CAGR of 6.1% during the forecast period (2024-2031).

The use of metal cans to store food and beverage items, including medical supplies, edible oil, cosmetics, industrial chemicals, meats, oysters, fruits, and other items, has grown dramatically across a range of end-use sectors. Because of its extended storage life, excellent defense against outside pollutants, and high recyclability, metal cans are the material of choice for food and beverage packaging. These cans can be produced commercially in any shape and are infinitely recyclable and reused. Because they are durable, meet food safety standards, and are feasible, metal cans are preferable to other forms of food packaging. Regarding the preservation method and procedures, metal packing provides advantages.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Food and Beverages Metal Can Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market size includes the following details: The key players in the Market were identified through secondary research, and their Market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top Market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Food and Beverages Metal Can Market Segmental Analysis

Food and beverages metal can market is segmented based on the type, raw material, degree of internal pressure, application, and region. Based on type, the market is segmented into 2-piece metal can, and 3-piece metal can. Based on raw material, the market is segmented into aluminum, and steel. Based on degree of internal pressure, the market is segmented as vacuum cans and pressurized cans. Based on application, the market is segmented into food, fruits & vegetables, pet food, beverages, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Drivers of the Global Food and Beverages Metal Can Market

The Environmental Protection Agency (EPA) of the United States reports that 1.9 million tons of aluminum beverage cans (beers and soft drinks) were produced, with 49.2% of those cans being recycled. Due to the perception that metal packaging is safe for the food sector, the market is expected to develop significantly over the projected period.

Restraints in the Global Food and Beverages Metal Can Market

Due to the potential replacement of polymer-based packaging materials like polyethylene or polyethylene terephthalate (PET), metal cans may find it difficult to remain in use, which could impede the growth of the industry.

Market Trends of the Global Food and Beverages Metal Can Market

Over the course of the forecast period, the Food and Beverage Metal Cans Market is expected to have enormous potential due to the significant manufacturing companies' continual attempts to develop distinctive packaging goods. Reusing and recycling metal is helping the market expand. Moreover, an increasing trend of home delivery has also resulted in the growth of healthier food packaging.