Metal Cans Market Size
The metal cans market is expected to develop a lot from 2023 to 2032 since these cans are used in many industries, such as paint, food and drink, and others, because they have many benefits.
Hey there! Metal cans are the go-to choice for storing your favorite foods and drinks. They're made from stuff like steel, aluminum, and tin, which makes them light as a feather and easy to pile up. Plus, you can recycle them all day long, which is great news for Mother Earth. But here's the thingmetal cans aren't perfect. You can't pop them into the microwave, and the prices of their raw materials are like a wild roller coaster ride. That makes it tough for companies to expand their sales. But guess what? People love their canned food and drinks, especially those delicious beverages. That's why the food and beverage industry is expected to be a major player in the metal can market. More and more folks are sipping on sodas, juices, sports drinks, and energy boosters. And as people get their drinks on in every corner of the world, metal cans are going to be in high demand. Cheers to that!
The aluminum cans segment is likely to have a lot of demand in the future because the material is light and doesn't react with other substances. This makes it perfect for keeping food and drinks fresh. Also, beverage makers are starting to like aluminum since it can be recycled and costs less than PET and polycarbonate bottles. For example, in 2021, VOLNAA started selling natural mineral water in cans made completely of recyclable aluminum using relock technology.
By 2023, North America will have a large share of the global metal cans market because people are becoming more concerned about the environment. It is also very useful for keeping food and drinks fresh. Increasing spending on R&D and technical development is making the regional market even more dynamic.
The metal cans sector in Europe would develop since more people are drinking beer and the European Commission is starting new schemes for recycling chemicals and metals. The APAC market is expected to develop since people in large economies like India and China are drinking more soft drinks.
Some of the biggest players in the metal cans industry are Silgan Holdings Inc., Rexam plc, Ardagh Packaging (Ardagh Group S.A), Toyo Seikan Group Holdings, Crown Holdings Inc., and HUBER Packaging Group GmbH. These companies have been making progress in the business world by using a range of techniques, such as mergers, acquisitions, partnerships, and others.
Key Players in Metal Cans Market
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One of the largest producers of aluminum beverage cans worldwide.
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Known for innovation and sustainability initiatives.
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Crown Holdings, Inc.
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A major global manufacturer of metal packaging, including steel and aluminum cans.
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Serves food, beverage, and household product industries.
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Silgan Holdings Inc.
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Leading supplier of metal containers and closures, specializing in food and beverage cans.
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Provides sustainable metal packaging solutions, including steel and aluminum cans.
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Operates globally with a focus on premium packaging.
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Toyo Seikan Group Holdings Ltd.
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A key player in Asia, manufacturing metal cans for food, beverages, and industrial use.
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Can-Pack S.A.
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European leader in aluminum and steel cans manufacturing, serving beverage and food sectors.
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Rexam Plc (now part of Ball Corporation)
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Formerly a major metal can manufacturer, acquired by Ball Corporation in 2016.
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Crown Bevcan
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Subsidiary of Crown Holdings focused specifically on beverage cans.
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Latest developments in the metal cans industry
- In 2021, Crown Holdings announced an expenditure of USD 147 million to build a 327,000-square-foot facility in Warren County for aluminum can production.
- In 2021, Ardagh Metal Packaging and Gores Holdings V announced their merger to help meet the increasing demand for environmentally friendly beverage cans.
What Information does this report contain?
Historical data coverage 2018 to 2022; Growth Projections 2023 to 2032.
Expert analysis industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts major segments covering applications, top products and geographies.
Competitive landscape reporting market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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