Food & Beverage Metal Cans Market Forecasts to 2030 - Global Analysis By Product (Aluminum Cans, Steel Cans, Tinplate Cans and Other Products), Type, Application, End User and By Geography

According to Stratistics MRC, the Global Food & Beverage Metal Cans Market is accounted for $34.24 billion in 2023 and is expected to reach $48.25 billion by 2030 growing at a CAGR of 9.2% during the forecast period. Food and beverage metal cans are the containers made from metal, typically aluminum or steel, those are used for packaging food and beverage products. These cans are designed to preserve the contents and protect them from external elements such as light, moisture, and air, which can cause spoilage or degradation. These cans come in various shapes and sizes, from small beverage cans to larger cans for products like canned fruits or vegetables. They are sealed using methods such as can seaming or crimping to ensure airtightness and prevent contamination. Metal cans are also recyclable, making them environmentally friendly packaging options for food and beverage products.

According to the World Counts, in 2022, approximately 175.8 billion aluminum cans were consumed across the globe, which specifically includes beer and soda cans.

Market Dynamics:

Driver:

Growing demand for convenience foods

The market is witnessing a surge in demand for convenience foods, driven by busy lifestyles and the need for quick, easy-to-prepare meals. Consumers are increasingly opting for canned foods due to their long shelf life, convenience in storage, and ease of use. This trend is particularly prominent in urban areas where time constraints often dictate food choices. As a result, manufacturers are focusing on innovative packaging solutions to cater to this growing demand.

Restraint:

Competition from alternative packaging

Flexible packaging options like pouches and bags offer lightweight, convenient alternatives that appeal to environmentally conscious consumers. The rise of sustainable packaging materials such as bioplastics and paper-based options adds pressure on metal can manufacturers to innovate. Cost considerations also come into play, as alternative materials may offer lower production costs. Thus, competing with alternative packaging poses major challenges in the market.

Opportunity:

Shifting consumer preferences

Consumers are also favouring convenience, driving the popularity of smaller portion sizes and easy-to-open cans. Health-conscious trends are influencing choices, with a preference for BPA-free cans and options that preserve food freshness without additives. Additionally, there's a rising demand for visually appealing packaging that conveys product quality and freshness, reflecting a more sophisticated consumer base. Overall, these changing preferences are reshaping the dynamics of the market.

Threat:

High cost of metal

The market is facing a significant challenge due to the high cost of metal. This increase in costs directly impacts production expenses, leading to higher prices for canned food and beverages. Manufacturers are grappling with the dilemma of either absorbing these elevated costs, which squeezes profit margins, or passing them on to consumers, risking potential market share loss. Factors such as rising demand for metals, supply chain disruptions, and global economic fluctuations contribute to this cost surge.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the Food & Beverage Metal Cans market. Initially, panic buying led to a surge in demand for canned goods, boosting the market. However, supply chain disruptions, workforce shortages, and economic uncertainty resulted in challenges for manufacturers. With changing consumer preferences towards sustainability and health, there's a growing interest in alternative packaging solutions. Overall, the market witnessed fluctuations but is adapting with a focus on innovation and resilience.

The reclosable cans segment is expected to be the largest during the forecast period

The reclosable cans segment is estimated to have a lucrative growth. These cans offer convenience and freshness preservation, appealing to modern consumer preferences for on-the-go lifestyles. With features like easy opening and secure sealing mechanisms, they enhance product shelf life and reduce waste. The demand for reclosable cans continues to grow, driven by the need for convenience, sustainability, and improved user experience in the food and beverage packaging industry.

The carbonated soft drinks (CSD) segment is expected to have the highest CAGR during the forecast period

The carbonated soft drinks (CSD) segment is anticipated to witness the highest CAGR growth during the forecast period. These cans provide a convenient and durable packaging solution for CSDs, ensuring product freshness and portability. With a growing consumer preference for on-the-go beverages and eco-friendly packaging options, the demand for metal cans in the segment continues to rise steadily, driving innovation and competition among market players.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. driven by factors such as increasing urbanization, rising disposable incomes, and growing consumer preference for convenient packaging solutions. The market is witnessing significant demand for metal cans due to their durability, recyclability, and ability to preserve food and beverage products. Key players in the industry are focusing on product innovations and sustainability initiatives to capitalize on this expanding market opportunity.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the convenience and recyclability of metal cans, as well as consumer preferences for canned goods. Innovations in metal can manufacturing technology have also played a role in the market's growth. Manufacturers are increasingly adopting advanced techniques for can production, such as lightweighting to reduce material usage, improving can designs for better shelf appeal, and incorporating features like easy-open lids.

Key players in the market

Some of the key players profiled in the Food & Beverage Metal Cans Market include Ardagh Group, Ball Corporation, Can-Pack S.A., CCL Container, CPMC Holdings Limited, Crown Holdings Inc., Daiwa Can Company, Eviosys, HUBER Packaging Group GmbH, Kristal Kola, Mauser Packaging Solutions, Metal Container Corporation, Silgan Holdings Inc. and Toyo Seikan Group.

Key Developments:

In June 2023, Global packaging provider Eviosys has introduced 'Ecopeel', a new metal food can packaging solution featuring a peelable foil seal. The foil is directly sealed onto the body of the can and replaces the conventionally used ring-pull opening mechanism.

In December 2022, Kristal Kola (Kristal) launched the Turkish market's first spring water in cans, delivering a sustainable product in sustainable packaging with powerful messaging to match. The company chose aluminum cans for their recyclability and ability to remain in the material-to-material loop indefinitely.

Products Covered:

• Aluminum Cans
• Steel Cans
• Tinplate Cans
• Other Products

Types Covered:

• Easy-Open Ends
• Shaped Cans
• Crown Cork Cans
• Reclosable Cans
• Other Types

Applications Covered:

• Ready Meals
• Soups & Sauces
• Carbonated Soft Drinks (CSD)
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Pet Food
• Infant Formula
• Other Applications

End Users Covered:

• Retailers
• Food Service Providers
• Supermarkets/Hypermarkets
• Online Retail
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances