Global Metal Cans Market, By Material (Steel, Aluminum, Tin), Fabrication (Two Piece Metal Can, Three Piece Metal Can), End User (Food and Beverage, Pharmaceutical Industry, Personal Care and Cosmetic Products, Industrial Chemicals) – Industry Trends and Forecast to 2029
Market Analysis and Size
Metal cans are widely used in the packaging systems. Metal cans are used in several industries for the packaging of product but it is widely used in food and beverages industry for distribution and storage of products. There is a wide use of tinplate steel based metal cans due to its low price, corrosion resistance and physical strength. This product is 100% recyclable and also, reduces CO2 content. Also, changing lifestyle of consumers, growing usage in food and beverages packaging industry and growth in the personal care products are the main factors for the growth of the market during forecast period.
Data Bridge Market Research analyses that the metal cans market was valued at USD 53.37 billion in 2021 and is expected to reach USD 73.72 billion by 2029, registering a CAGR of 4.12 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Steel, Aluminum, Tin), Fabrication (Two Piece Metal Can, Three Piece Metal Can), End User (Food and Beverage, Pharmaceutical Industry, Personal Care and Cosmetic Products, Industrial Chemicals)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Ardagh Group S.A, (Luxemburg), CPMC Holdings Limited (China), Toyo Seikan Group Holdings Ltd. (Japan), Can-One Berhad (Malaysia), CANPACK (Poland), Ball Corporation (U.S.), Envases (Spain), Universal Can Corporation (Japan), Interpack Group Inc. (China), GZI Industries Limited (Nigeria), Showa Denko K.K (Japan), Swan Industries (Thailand) company Limited (Thailand), Nampak Ltd (South Africa), The Olayan Group (Liechtenstein), Techpack Solutions (South Korea), Orora Packaging Australia Pty Ltd (Australia), MSCANCO (Germany), Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka), Jiangsu Baosteel Metal Product Co.,LTD. (China), Asia Packaging (Vietnam), Silgan Holdings Inc., (U.S.)
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Market Opportunities
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Market Definition
Metal cans are containers used to store and distribute food, beverages, oil, chemicals, and other items. Metal cans are lightweight and simple to stack. These containers are made up of tin- plated or aluminium or zinc-plated steel, which are generally used for packaging food, beverages or other products.
Metal Cans Market Dynamics
Drivers
- Rising demand for Eco-friendly cans
Metals cans are very eco-friendly in nature. These metal cans highly recyclable compared to other material such as plastic or glass. Metal cans are fully recyclable and can be reused and recycled again and again without any loss in their performance. Especially the aluminum can provides a great incentive for recycling metal cans which are expected to drive the market growth rate.
- High demand for aluminum cans
The aluminum cans are expected to dominate the complete market, on the basis of raw material, in the forecast period. This is attributed to the recycling rates and cost-effectiveness of aluminum. Growing the use of metal cans for the packaging food and beverages provides an environment-friendly and sustainable solution for packaging in multiple applications. Aluminum cans are suitable to keep in ovens and refrigerators.
Opportunities
- Rise in the number of product innovation
The increasing trend for the canned food in the market are enforced the manufacturer to create innovative packaging solution. With a rise in demand for the chemical-free canned foods, encourage the manufacturers to focus on innovations in packaging. Several brands of canned food products have started to delivering food in BPA-free metal containers. Due to innovations in packaging industry, produce canned which has free from harmful bacteria, these canned food product will be good source of nutrients and will enhance the growth of metal can market in upcoming.
Moreover, upsurge in the number of strategic collaborations and rise in emerging new markets will further boost profitable pportunities for the market's growth rate.
Restraints/ Challenges
- Use of bio-based plastic
Increased the use of bio-based plastic in food and beverage packaging has created as a major challenge for the manufacturer of metal cans in the market. Moreover, the packaging industry is witnessing a steady shift towards using polymer-based packaging raw with bio-based plastic. So, rising the adoption of bio-based plastic for the manufacturer of cans in the packaging industry, mainly for food & beverage will challenge the market growth rate.
Also, the fluctuating costs of raw materials mainly used in manufacturing metal cans will obstruct the market's growth rate.
This metal cans market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the metal cans market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Metal Cans Market
The metal cans industry has observed ups and downs in share during the covid-19 pandemic. Increase in demand for healthy drinks had potentially increase the growth of the metal cans market. However, supply chain halt in production induced due to lockdown and curfew has hampered the industry expansion to a large extent.
Recent Development
- In January 2020, Ardagh Group declared its new facility in Huron to start manufacturing metal cans. This company planned to manufacture the beverage cans in several sizes for a variety of classes, including teas, sparkling water, soft drinks, and alcoholic beverages, in the new facility.
Global Metal Cans Market Scope
The metal cans market is segmented on the basis of material, fabrication and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Steel
- Aluminum
- Tin
Fabrication
- Two Piece Metal Can
- Three Piece Metal Can
End User
- Food and Beverage
- Pharmaceutical Industry
- Personal Care and Cosmetic Products
- Industrial Chemicals
Metal Cans Market Regional Analysis/Insights
The metal cans market is analysed and market size insights and trends are provided by country, material, fabrication and end-user as referenced above.
The countries covered in the metal cans market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
In terms of market share, Europe and North America will dominate the metal cans market during the forecast period. This is due to the region's increasing demand for metal cans. Because of their large consumption of food and beverages such as beer and other liquor, Europe and North America dominate the metal cans market.
During the estimated period, Asia-Pacific is anticipated to be the fastest developing region because of the growing consumption by end user industry and flourishing economy in this
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Metal Cans Market Share Analysis
The metal cans market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to metal cans market.
Some of the major players operating in the metal cans market are:
- Ardagh Group S.A, (Luxembourg)
- CPMC Holdings Limited (China)
- Toyo Seikan Group Holdings Ltd. (Japan)
- Can-One Berhad (Malaysia)
- CANPACK (Poland)
- Ball Corporation (U.S.)
- Envases (Spain)
- Universal Can Corporation (Japan)
- Interpack Group Inc. (China)
- GZI Industries Limited (Nigeria)
- Showa Denko K.K (Japan)
- Swan Industries (Thailand) Company Limited (Thailand)
- Nampak Ltd (South Africa)
- The Olayan Group (Liechtenstein)
- Techpack Solutions (South Korea)
- Orora Packaging Australia Pty Ltd (Australia)
- MSCANCO (Germany)
- Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka)
- Jiangsu Baosteel Metal Product Co.,LTD. (China)
- Asia Packaging (Vietnam)
- Silgan Holdings Inc., (U.S.)
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