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Metal Cans Market Size (2024 - 2029)

The metal cans market is experiencing growth due to its advantageous properties such as high recyclability, resistance to corrosion, and extended shelf life, which are driving demand, particularly in the beverage sector. The market's expansion is further supported by increasing consumer preference for non-carcinogenic and lightweight packaging materials. Despite challenges posed by the COVID-19 pandemic and competition from polymer-based alternatives, the market is poised for growth as manufacturers invest in new production facilities to address supply shortages and meet rising demand.

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Market Size of Metal Cans Industry

Metal Cans Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 82.49 Billion
Market Size (2029) USD 98.35 Billion
CAGR (2024 - 2029) 3.58 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific

Major Players

Metal Cans Market Major Players

*Disclaimer: Major Players sorted in no particular order

Metal Cans Market Analysis

The Metal Cans Market size is estimated at USD 82.49 billion in 2024, and is expected to reach USD 98.35 billion by 2029, growing at a CAGR of 3.58% during the forecast period (2024-2029).

The metal cans market is gaining prominence because of its distinct features, like transportation resistance, hermetically sealed cover, rough handling, and easy recyclability.

  • The high recyclability of metal cans is one of the significant drivers of the market. Aluminum cans deliver complete protection against moisture. Cans do not rust, are corrosion-resistant, and provide one of the most extended shelf lives considering any packaging. It also offers many benefits, such as rigidity, stability, and high barrier properties.
  • The aluminum can shortage continues to affect the food and beverage industry, as the beverage demand for home consumption and grocery increased compared to restaurants. Many prominent market players have announced investments to set up new manufacturing infrastructures to fulfill the increased orders and tackle the shortage of aluminum cans.
  • In September 2023, Novelis Inc., a prominent provider of sustainable aluminum solutions, signed a significant deal with Ball Corporation, a leading aluminum can manufacturer in North America. The agreement entails Novelis supplying aluminum sheets to Ball's manufacturing facilities across North America.
  • The rise in consumer awareness concerning the application of non-carcinogenic materials in packaging and increased demand for lightweight packing are generating high growth prospects for the metal cans market. However, metal cans are challenging to use due to the possibility of replacing them with polymer-based packaging materials, including polyethylene and polyethylene terephthalate (PET).

Metal Cans Industry Segmentation

Metal cans are containers for the distribution or storage of goods. It is composed of thin metal, which is prominently driven by its growing use in food and beverage packaging. The metal can market is tracked by the revenue accumulated from the metal can sales offered by various vendors in the market.

The metal cans market is segmented by material type (aluminum and steel), end-user industry (food, beverage, cosmetics and personal care, pharmaceuticals, paint, and other end-user industries), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Material Type
Aluminum
Steel
By End-user Industry
Food
Beverage
Cosmetics and Personal Care
Pharmaceuticals
Paint
Other End-user Industries
By Geography***
North America
United States
Canada
Europe
United Kingdom
Germany
France
Spain
Italy
Asia-Pacific
China
India
Japan
Australia and New Zealand
Latin America
Middle East and Africa
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Metal Cans Market Size Summary

The metal cans market is poised for steady growth over the forecast period, driven by their unique attributes such as resistance to transportation damage, hermetic sealing, and ease of recyclability. These features make metal cans particularly appealing for packaging, especially in the beverage industry, where they offer superior protection against moisture and corrosion, ensuring extended shelf life. The increasing consumption of both alcoholic and non-alcoholic beverages, particularly in Europe, is fueling demand for metal cans. The market is also experiencing a surge in demand due to the rise in consumer preference for non-carcinogenic and lightweight packaging materials. However, the market faces challenges from the potential replacement by polymer-based packaging materials, which could impact growth prospects.

The North American region is expected to significantly contribute to the market's expansion, driven by the growing demand for healthy and convenient food and beverage options. The proliferation of grocery stores and superstores, coupled with the trend towards smaller household sizes, is boosting the demand for smaller packaging units like metal cans. The market is moderately fragmented, with key players focusing on product differentiation, pricing strategies, and technological advancements to maintain competitive advantage. Innovations such as digitally printed cans and CO2-reduced steel cans are examples of how companies are enhancing their product offerings. The ongoing investments in manufacturing infrastructure and the expansion of convenience stores are further expected to support the market's growth trajectory.

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Metal Cans Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Assessment of the Impact of COVID-19 Pandemic on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Aluminum

      2. 2.1.2 Steel

    2. 2.2 By End-user Industry

      1. 2.2.1 Food

      2. 2.2.2 Beverage

      3. 2.2.3 Cosmetics and Personal Care

      4. 2.2.4 Pharmaceuticals

      5. 2.2.5 Paint

      6. 2.2.6 Other End-user Industries

    3. 2.3 By Geography***

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Spain

        5. 2.3.2.5 Italy

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

      4. 2.3.4 Australia and New Zealand

      5. 2.3.5 Latin America

      6. 2.3.6 Middle East and Africa

Metal Cans Market Size FAQs

The Metal Cans Market size is expected to reach USD 82.49 billion in 2024 and grow at a CAGR of 3.58% to reach USD 98.35 billion by 2029.

In 2024, the Metal Cans Market size is expected to reach USD 82.49 billion.

Metal Cans Market Report Snapshots

Metal Cans Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)