Metal Cans Market – Global Industry Analysis, Growth, Trends, Forecast 2024
Metal Cans are type of metal packaging systems initially introduced in the beginning of nineteenth century, for packaging of wine, but its scope of application has now expanded into various end-use commodity packing purposes such as edible food & beverage items, chemicals, oil etc. Metal Cans are generally made up of materials such as steel, aluminum, and tin and contributes more than one third of the overall metal packaging market. The major advantages of Metal Cans are that they are 100% recyclable without the loss of its quality and sturdiness. The recycle rate of metal can packaging has been two and half times more than any other packaging solution. Another advantage of recycling of Metal Cans is that it reduces CO2 use thereby reducing the parent material usage.
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Metal Cans Market: Dynamics
The Metal Cans market is prominently propelled by its growing use in food and beverage packaging, especially used in packaging of aerated and non-aerated beverages. The increased personal products portfolio and its usage will naturally augment the packaging market as well. The consumer demand for lightweight packaging, increasing heath awareness regarding use of non-carcinogenic packaging materials, is creating high growth opportunities for the metal cans market. However, the increasing replacement potential of polymer based packaging material such as polyethylene terephthalate (PET) and polyethylene packaging is expected to dent the market share of metal cans in the overall packaging market, over the forecast period.
The inception of new companies among beverage and personal care products industry along with innovative packaging offerings are growth drivers of the metal cans market.
Metal Cans Market: Segmentation
Global metal cans market segmented on the basis of Material Type
Global metal cans market segmented on the basis of Can Fabrication Type
Two Piece Metal Can
Three Piece Metal Can
Metal Cans Market: Regional Overview
The global metal cans market has been divided into seven key geographical regions which includes, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. The Western Europe and North America dominates the global metal cans market due its high consumption in food and beverage industry. However these region anticipated to register sluggish growth due to availability of alternative packaging. Asia Pacific market is expected to grow at higher rate. Growth in the region is propelled by rapidly increasing consumption of end use industries. The Asia Pacific region has been influenced by setting up of new manufacturing facilities from leading global OEMs owing to availability of raw materials at cheap prices and government initiatives to promote investment measures especially countries like South East Asian countries.
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Metal Cans Market: Key Market Players
Some of the key players in the global metal cans market are
Silgan Containers LLC
Kian Joo Can Factory Berhad
Independent Can Company
Berlin Packaging Company
Crown Holdings, Inc.
SKS Bottle & Packaging, Inc.
Caira Can Company Limited
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