Global Metal Cans Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
-
3882
-
May 2023
-
155
-
-
This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
-
Metal Cans Market Report overview:
“The global metal cans market size is expected to be worth around US$ 52 Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of 3.5% during the forecast period 2021 to 2031.”
The global metal cans market report has been segmented based on material type, application, and region. Can is a container used for the purpose of distribution or storage of goods.
Metal cans are a type of metal packaging system initially introduced for wine packaging and then expanded into various end-use products such as chemicals, oils, food & beverages, etc. Aluminum and steel sheets are basic raw materials used for manufacturing metal cans. Recyclable product is a major advantage of metal cans.
Increasing demand for canned products in various applications is a key factor expected to drive the growth of the global market over the forecast period. In addition, hermetically sealed cover, easy recyclability, and resistance to transport are some features provided by the product expected to fuel the growth of the target market.
Moreover, increasing demand for alcoholic and non-alcoholic beverages along with processed food, rising disposable income of individuals worldwide, and changing lifestyles are other factors expected to support the growth of this market shortly.
However, fluctuation in raw material prices is a key factor expected to restrain the growth of the global market over the forecast period. In addition, increasing demand for metal substitute packaging materials such as plastic and paper is expected to hamper the growth of the target market shortly.
An ongoing trend observed in the market is increasing preference for healthy and fresh foods, which is expected to support the growth of metal cans as a good method for preservation over the forecast period.
Production of eco-friendly metal cans to improve the recyclability rate is expected to create potential revenue opportunities for manufacturers in the target market.
The market in North America dominates the global market in terms of revenue over the forecast period, owing to the increasing consumption of beer and alcoholic beverages in various countries in this region. The market in Europe is expected to account for the second-highest CAGR, owing to an increased production rate of meat resulting in rising demand for metal cans as a preservative medium, especially in Russia.
The market in the Asia Pacific is projected to have the highest growth in terms of revenue, due to the rising preference for healthy food and the availability of raw materials at low prices in various countries in this region.
Global metal cans market segmentation:
Segmentation by material type:
- Steel
- Aluminum
- Tin
Segmentation by application:
- Food & Beverage
- Alcoholic Beverages
- Non–Alcoholic Beverages (Aerated and Non-Aerated Beverages)
- Processed Food Products
- Edible Oil
- Pharmaceutical Industry
- Personal Care and Cosmetic Products
- Industrial Chemicals (Solvents, Dyes, Paints, Lubricants, etc.)
Segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
-
- Rexam Corporation
- Silgan Containers, LLC
- Kian Joo Can Factory Berhad
- Independent Can Company
- Berlin Packaging L.L.C.
- Crown Holdings, Inc.
- SKS Bottle And Packaging, Inc.
- Kaira Can Company Limited.
- The Cary Company
- BALL CORPORATION
Our Clients
View Our Licence Options
