IMARC Group, a leading market research company, has recently releases report titled “Metal Cans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global metal cans market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Metal Cans Market?

The global metal cans market size reached US$ 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.5% during 2023-2028.

What is Metal Cans?

Metal cans refer to packaging containers manufactured using materials such as aluminum, steel, and tin. Generally sealed with lids that can be replaced or lifted, they are used for storing or transporting fruits, vegetables, beverages, soups, pet food, paints, and varnishes. Metal cans exhibit robustness and strength and allow filling, processing, handling, storage, and distribution without damage. In addition to this, they are corrosion-resistant, cost-effective, do not affect the color and taste of the products, and are recyclable. Metal cans have various other properties, including compactness, toughness, durability, malleability, easy portability, and pressure resistance. As a result, these containers find widespread applications across several sectors, such as pharmaceuticals, personal care, and food and beverage (F&B).

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What are the growth prospects and trends in the metal cans industry?

The primary driver behind the market growth is the widespread adoption of metal cans in the F&B industry, serving as a packaging solution for a wide range of products, including iced teas, energy drinks, alcoholic beverages, sodas, and carbonated soft drinks. Furthermore, the increasing demand for eco-friendly cans driven by growing environmental consciousness contributes to the market growth.

Various key market players in the market are focusing on introducing customized designs for brands, expanding their consumer base, and promoting brand awareness, which further fuels market growth. Innovations in can forming and metal deposition control on packaging materials that enhance material efficiency and provide unique antimicrobial and microwave susceptor properties also positively impact the market.

Additionally, factors such as the rising demand for industrial packaging products, the introduction of easy open-lid cans, and the increasing demand for canned food due to busy schedules and hectic lifestyles support market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Material Type:

• Aluminium
• Steel
• Tin

Breakup by Fabrication:

• Two Piece Metal Can
• Three Piece Metal Can

Breakup by Can Type:

• Food
  • Vegetable
  • Fruits
  • Pet Food
  • Others
• Beverages
  • Alcoholic Beverage
  • Non-Alcoholic Beverage
• Aerosols
  • Paints and Varnishes
  • Cosmetic and Personal Care
  • Pharmaceuticals
  • Others

Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Amcor plc, Ardagh Group S.A., Ball Corporation, CPMC Holdings Limited, Crown Holdings Inc., Hindustan Tin Works Ltd., Independent Can Company, Kian Joo Can Factory Berhad (Can-One Berhad), Mauser Packaging Solutions, Silgan Containers LLC (Silgan Holdings Inc.), Sonoco Products Company and Toyo Seikan Group Holdings Ltd.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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