What Fueled The Previous Growth In The Food And Beverage Metal Cans Market?
The food and beverage metal cans market has seen considerable growth due to a variety of factors.
• The industry for metal cans in the food and beverage sector has been experiencing a solid growth in recent times. The market size is expected to increase from $35.47 billion in 2024 to $38.06 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%.
Factors such as the evolution of non-BPA linings, focus on product preservation and shelf life, growing demand for convenience food, and the need for product protection, have contributed to this growth during the previous periods.
How Does the Forecast Look for the Food And Beverage Metal Cans Market?
The food and beverage metal cans market is expected to maintain its strong growth trajectory in upcoming years.
• The market for metal cans in the food and beverage sector is anticipated to witness significant expansion in the coming years. It's predicted to reach a value of $50.85 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.5%.
The predicted growth during the forecasting interval can be credited to factors such as efficient transport, the demand for appealing canvas, safety and food security measures, and government initiatives. During this forecast period, key trends will include innovations in ready-to-drink (rtd) beverages, advancements in labeling and design, the convenience of easy-open containers, and the use of aluminum beverage bottles.
What Are The Leading Drivers Of Growth In The Food And Beverage Metal Cans Market?
The anticipated rise in the intake of alcoholic beverages is predicted to fuel the growth of the food and beverage metal cans market. Alcoholic beverages, which have an alcohol content of 1% or more, are suitable for human consumption. They are packaged in metal cans for easy filling, convenience, and recycling. As illustrated in a report presented by Silicon Valley Bank, a commercial bank based in the United States, in June 2024, the case sales of direct-to-consumer (DtC) wine recorded a 1.2% increment in 2023 compared to the previous year. Consequently, the upward trend in alcohol consumption is set to stimulate the food and beverage metal cans market. A surge in the demand for convenience food items is also expected to stimulate the expansion of the food and beverage metal cans market. Convenience food includes pre-cooked or ready-to-eat snacks and meals that lend themselves to swift and effortless consumption. Metal cans used in the food and beverage sector provide effective packaging solutions that help to prolong the life of various convenience foods and improve their transportability. As per data from the United States Department of Agriculture, a federal agency tasked with overseeing food quality, safety, and nutritional labeling, the total value of processed food products that the US exported was $38 billion in 2022, marking an increase of 10.96% from $34.24 billion in the previous year. Furthermore, Canada exported processed food items worth $11.43 billion, and Mexico exported processed food products valued at $5.65 billion in 2022. As such, the escalating demand for convenience food items is expected to boost the food and beverage metal can market.
How Are The Segments Defined Within The Global Food And Beverage Metal Cans Market?
The food and beverage metal cans market covered in this report is segmented –
1) By Type: 2-Piece Cans, 3-Piece Cans
2) By Material: Aluminum, Steel
3) By Degree Of Internal Pressure: Pressurized Cans, Vacuum Cans
4) By Fabrication: Plain, Embossed, Printed, Other Fabrications
5) By Application: Food, Beverage
Subsegments:
1) By 2-Piece Cans: Drawn And Ironed Cans, Impact Extruded Cans
2) By 3-Piece Cans: Welded Cans, Seam Cans
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What New Trends Are Influencing The Food And Beverage Metal Cans Market?
Prominent firms in the food and beverage metal cans market are concentrating on creating innovative solutions to solidify their market presence. For example, in June 2023, Eviosys Packaging Switzerland GmbH, a company from Switzerland offering smart, sustainable packaging, unveiled Ecopeel, a novel metal food can packaging solution. This product is specificially engineered with a peelable foil seal that is directly attached to the body of ths can, replacing the conventional ring-pull opening method. It aptly reduces the carbon footprint per can by 20% and is user-friendly with a 45-degree sealing surface.
Who Are the Key Players In The Food And Beverage Metal Cans Market?
Major companies operating in the food and beverage metal cans market are:
• Ball Corporation
• Crown Holding Inc.
• Sonoco Products Company
• Silgan Holding Inc.
• Greif Inc.
• Ardagh Metal Packaging S.A
• Mauser Packaging Solutions Holding Company
• Crown Cork & Seal Co. Inc.
• Berlin Packaging LLC
• CPMC Holdings Ltd.
• Can-Pack S.A
• Huber Packaging Group GmbH
• Nampak Ltd.
• Massily Holdings S.A.S
• BWAY Corporation
• Great China Metal Industries Co. Ltd.
• NCI Packaging Ltd.
• CCL Container SA de CV
• Independent Can Co
• Jamestrong Packaging Pty Ltd.
• DS Containers Inc.
• Muller and Bauer Gmbh
• Allstate Can Corporation
• P. Wilkinson Containers Ltd.
• Allied Cans Ltd.
What Is The Most Dominant Region In The Food And Beverage Metal Cans Market?
North America was the largest region in the food and beverage metal cans market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in food and beverage metal cans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
