Metal Cans Market

Growth of packaging systems for alcoholic and nonalcoholic drinks to boost market growth

The metal cans market is driven by various factors, and one of the key drivers is the increasing demand for packaging systems for alcoholic and non-alcoholic beverages. Metal cans are widely used for packaging beverages, such as beer, soft drinks, energy drinks, and others, due to their durability, lightweight, and recyclability. Metal cans are made from materials such as aluminum and steel, which can be recycled multiple times without losing their quality. This makes metal cans an eco-friendly option for packaging beverages, and it also helps to reduce the carbon footprint of the beverage industry.

The increasing demand for ready-to-drink beverages, such as canned coffee, tea, and energy drinks, is expected to drive the growth of the metal cans market in the coming years. In addition, the growth of the craft beer industry and the increasing popularity of canned wines are also expected to boost the demand for metal cans. Therefore, such factors related to Metal Cans have enhanced the Metal Cans market CAGR across the globe in recent years.

Ardagh Metal Packaging Europe launched HIGHEND as another addition to its customization range by January 2022. It will give them creative opportunities to enhance their brands. The technology allows high-quality decoration in CMYK colors throughout the entire shell surface so that brands can maximize visual impact by highlighting, customizing or differentiating their cans.

Ball Corporation announced plans to construct a new US aluminum beverage packaging plant in Nevada, US, for instance in September 2021. This plant with multiple lines, is expected to begin production in late 2022. The company will put about USD 290m into this facility over the following years. In spite of these measures and increased manufacturing capacity, Ball Corporation anticipated that demand would remain higher than supply until at least 2023.Eviosys launched EcopeelEviosys launched Ecopeel, which is a new metal food can package solution featuring a peelable foil seal, in June 2023.

The foil seals onto body of a can, thereby replacing the ring-pull opening system. This peelable seal reduces CO2 emissions per can. Furthermore, this solution has a 45-degree sealing surface and is easy to open; hence, it requires little force to open the can.

In 2024: Ball Corporation released new metal can designs with improved sustainability and performance features for various beverages.

In 2023: Crown Holdings introduced advanced metal cans with enhanced strength and recyclability.

The beverage sector is a primary driver of the Global Metal Cans Market Industry, with metal cans being the preferred packaging choice for a variety of drinks, including soft drinks, beer, and energy drinks. The convenience, durability, and lightweight nature of metal cans make them ideal for both manufacturers and consumers. As the beverage industry continues to expand, the demand for metal cans is expected to rise significantly, contributing to an estimated market value of 130.6 USD Billion by 2035. This growth is further supported by the increasing popularity of ready-to-drink beverages, which often utilize metal cans for their packaging.

The Global Metal Cans Market Industry is increasingly driven by sustainability initiatives as consumers and manufacturers alike prioritize eco-friendly packaging solutions. Metal cans are recyclable and can be reused multiple times without loss of quality, which aligns with global efforts to reduce waste and promote circular economies. For instance, many beverage companies are now adopting metal cans over plastic alternatives, contributing to a projected market value of 60.2 USD Billion in 2024. This shift not only meets consumer demand for sustainable products but also helps companies comply with stringent environmental regulations, thereby enhancing their market position.

Technological advancements in manufacturing processes are enhancing the efficiency and quality of metal can production, thereby driving the Global Metal Cans Market Industry. Innovations such as improved coating technologies and automated production lines are reducing costs and increasing output. These advancements not only improve the durability and aesthetic appeal of metal cans but also enable manufacturers to meet rising consumer expectations for product quality. As a result, the market is poised for growth, with a projected CAGR of 7.29% from 2025 to 2035, reflecting the industry's adaptability to technological changes and consumer preferences.

Health and safety regulations play a crucial role in shaping the Global Metal Cans Market Industry. Governments worldwide are implementing stricter regulations regarding food and beverage packaging to ensure consumer safety. Metal cans are favored for their ability to preserve product integrity and prevent contamination, making them a compliant choice for manufacturers. This regulatory environment encourages companies to invest in metal can production, as they seek to align with safety standards while also appealing to health-conscious consumers. The increasing focus on safety is likely to bolster the market's growth trajectory in the coming years.

Emerging markets and urbanization are significant factors influencing the Global Metal Cans Market Industry. As urban populations grow, there is a rising demand for packaged food and beverages, which often utilize metal cans for their convenience and shelf stability. Countries in Asia-Pacific and Latin America are witnessing rapid urbanization, leading to increased consumption of canned products. This trend is expected to drive market growth, with projections indicating a market value of 60.2 USD Billion in 2024. The expansion of retail channels in these regions further supports the accessibility of metal cans, catering to the evolving consumer preferences.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is the largest and fastest-growing market for metal cans, driven by increasing consumption of beverages and processed foods, as well as rising demand for sustainable packaging solutions. The region is also home to several key players in the metal cans industry.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

Figure 3: METAL CANS MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe’s Metal Cans market accounts for the third-largest market share. The region is a mature market with a well-established metal cans industry, particularly in Western Europe. The demand for metal cans in Europe is primarily driven by the food and beverage industry, which accounts for a significant portion of the region's consumption. However, Europe's metal cans market is projected to grow at a slower rate compared to other regions, due to factors such as the increasing popularity of alternative packaging solutions and a focus on sustainability and eco-friendly packaging options.

Further, the Germany Metal Cans market held the largest market share, and the UK Metal Cans market was the fastest-growing market in the European region.

North America, Metal Cans market, is expected to grow at the fastest CAGR from 2023 to 2030. North America is still a major market for metal cans, with significant demand for canned foods, beverages, and other packaged goods. The region is home to several major players in the industry. North American metal cans market growth is driven by factors such as the rising popularity of canned beverages, increasing demand for convenient and portable packaging solutions, and the need for sustainable and eco-friendly packaging options. Moreover, the U.S.

Metal Cans market held the largest market share, and the Canada Metal Cans market was the fastest-growing market in the North American region.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Metal Cans market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Metal Cans industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Metal Cans. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Metal Cans industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Metal Cans industry to benefit customers and expand the market sector. Major Metal Cans market players, including Rexam plc, Silgan Containers LLC, Kian Joo Can Factory Berhad, Independent Can Company, Ball Corporation, Crown Holdings, Inc., HUBER Packaging Group GmbH, SKS Bottle & Packaging, Inc., Ardagh Group S.A., Berlin Packaging, Kaira Can Company Limited, The Cary Company, Allstate Can Corporation, Allied Cans Limited, and CPMC Holdings Limited, and others, are attempting to increase market demand by funding R&D initiatives.

Rexam plc is a British-based packaging company that was acquired by Ball Corporation in 2016. Before the acquisition, Rexam was one of the leading manufacturers of beverage cans in the world, producing over 60 billion cans annually. The company's product portfolio also included metal packaging solutions for personal care, food, and household products.

Silgan Containers: Silgan Containers is a leading manufacturer of metal food packaging solutions, with a focus on the North American market. The company produces a wide range of metal cans, including two-piece and three-piece cans, for the food industry, as well as metal containers for pet food and general line packaging. Silgan Containers operates over 30 manufacturing facilities in North America and has a strong reputation for quality and customer service.