Metal Cans Market by Material Type (Aluminum and Steel), Type (Two Piece Metal Can and Three Piece Metal Can), Product and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Metal Cans Market Size

The global Metal Cans market size was valued at $57.23 billion in 2023 and is projected to reach $68.33 billion by 2029, growing at a CAGR of 3.0% during the forecast period. 

Metal Cans Market Dynamics

• The metal cans market is expected to witness significant growth in the future due to rising disposable income and changing lifestyle of consumers. 

• Additionally, consumers’ concern towards the natural environment, higher recycling rate of metal cans, resistance to transportation, hermetically sealed cover, irregular handling, and easy recyclability are the prominent factors driving the growth of the metal cans market demand.

• However, the fluctuating price of the raw material and rising demand for substitute packaging materials are restraining the market growth.

• On the contrary, manufacturers focus on the development of products by using advanced technology and increased demand for lightweight packing are creating opportunities for market growth.

Metal Cans Market Overview

The metal cans are the containers utilized for the storage of oil, chemicals, food, beverages, etc. They are light in weight and very easy to stack. One of the prominent benefits offered by metal cans is that they are 100% recyclable without degrading the sturdiness and quality of material, thus adding to environmental sustainability. Features of metal cans are hermetically sealed cover, resistance to transportation & irregular handling, and easy recyclability. It widely finds its application in the food and beverage industry.

By Material Type, the Aluminum Segment is projected to be the largest Segment in the Metal Cans Market

The aluminum segment is estimated to witness a significant growth rate in the foreseeable future as aluminum is the dominant material rising its demand among the key players operating in the market. This is so because aluminum is said to be a lightweight material and is extremely non-reactive. Aluminum is majorly used in beverage metal cans for packaging carbonated soft drinks (CSD), alcoholic beverages, herbal teas, energy drinks, and fruits and vegetable juices. These cans have key features such as low weight, unbreakable, and lightproof with excellent barrier properties against oxidation and temperature.

By Geography, North America Region Holds the Dominant Position in the Market Revenue

North America is projected to be the largest segment in the metal cans market due to the increasing demand for various healthy beverages, carbonated soft drinks, health drinks, and sucralose juices in the region. In the United States, the food and retail industry is the key source propelling the demand for the product. The number of superstores and grocery stores in the country is increasing and the growing number of smaller households is the key factor for the growth in the food and retail sector of the country. Hence, it is directing the demand for smaller packaging units. In addition, industry growth is influenced by widespread promotional activities and research developments by various key players.

Some of the Key Players Profiled in the Report Include: 

• Amcor Ltd
• Ardagh Packaging Group Plc
• Ball Corp
• CPMC Holdings Ltd
• Crown Holdings Inc
• Kian Joo Group
• Rexam Plc
• Silgan Containers Corporation
• Sonoco Phoenix Inc

This report helps to:

• Gain a deeper understanding of the impact of COVID-19 on the Metal Cans market.
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify potential growth opportunities.
• Gain in-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Know the historical and forecast size for each segment and sub-segment in (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Material Type:
• Aluminum
• Steel

Market by, Type:
• Two Piece Metal Can
• Three Piece Metal Can

Market by, Product:
• Food
• Beverages
• Aerosols

Market by, Geography:

The Metal Cans Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Table Of Content

1 Market Overview              
    1.1 Introduction          
    1.2 Research Objectives         
    1.3 Market Segmentation         
    1.4 Stakeholders          
    1.5 List of Acronyms          
                
2 Executive Summary              
                
3 Research Methodology             
    3.1 Identification of Data         
    3.2 Evaluation of Market Dynamics        
    3.3 Collaboration of Data         
    3.4 Verification and Analysis         
    3.5 Data Sources          
    3.6 Assumptions          
                
4 Market Dynamics              
    4.1 Market Drivers          
           4.1.1 Rising Disposable Income  
           4.1.2 Changing Life Style of Consumers 
    4.2 Market Restraints          
           4.2.1 Fluctuating Price of the Raw Material 
    4.3 Market Opportunities         
           4.3.1 Increasing Preference for Small-size and Multi-pack Packaging Formats
    4.4 Market Challenges          
           4.4.1 Rising Demand of Substitute Packaging Materials
    4.5 Impact of COVID-19 on Metal Cans Market       
                
5 Porter's Five Force Analysis            
    5.1 Bargaining Power of Suppliers         
    5.2 Bargaining Power of Buyers         
    5.3 Threat of New Entrants         
    5.4 Threat of Substitutes         
    5.5 Competitive Rivalry in the Market        
                
6 Global Metal Cans Market by, Material Type           
    6.1 Overview          
    6.2 Aluminum          
    6.3 Steel           
                
7 Global Metal Cans Market by, Type           
    7.1 Overview          
    7.2 Two Piece Metal Can         
    7.3 Three Piece Metal Can         
                
8 Global Metal Cans Market by, Product            
    8.1 Overview          
    8.2 Food           
           8.2.1 Fruits    
           8.2.2 Vegetables   
           8.2.3 Pet Foods   
           8.2.4 Soups    
    8.3 Beverages          
           8.3.1 Carbonated Soft Drink (CSD)  
           8.3.2 Alcoholic Beverages  
           8.3.3 New Drinks   
           8.3.4 Fruit    
           8.3.5 Vegetable Juices   
    8.4 Aerosols           
           8.4.1 Paints and Varnishes  
           8.4.2 Cosmetic and Personal Care  
           8.4.3 Pharmaceuticals   
           8.4.4 Other Aerosols   
                
9 Global Metal Cans Market by, Geography           
    9.1 Overview          
    9.2 North America          
             9.2.1 US  
             9.2.2 Canada  
             9.2.3 Mexico  
    9.3 Europe           
             9.3.1 Germany  
             9.3.2 France  
             9.3.3 UK  
             9.3.4 Italy  
             9.3.5 Spain  
             9.3.6 Rest of Europe 
    9.4 Asia Pacific          
             9.4.1 China  
             9.4.2 Japan  
             9.4.3 India  
             9.4.4 South Korea 
             9.4.5 Australia  
             9.4.6 New Zealand 
             9.4.7 Rest of Asia Pacific 
    9.5 South America          
             9.5.1 Brazil  
             9.5.2 Argentina 
             9.5.3 Chile  
             9.5.4 Rest of South America
    9.6 Middle East & Africa         
             9.6.1 UAE  
             9.6.2 Saudi Arabia 
             9.6.3 Qatar  
             9.6.4 Iran  
             9.6.5 South Africa 
             9.6.6 Rest of Middle East & Africa
                
10 Key Developments              
                
11 Company Profiling              
    11.1 Amcor Ltd          
             11.1.1 Business Overview 
             11.1.2 Product/Service Offering
             11.1.3 Financial Overview 
             11.1.4 SWOT Analysis 
             11.1.5 Key Activities 
    11.2 Ardagh Packaging Group Plc         
    11.3 Ball Corp           
    11.4 CPMC Holdings Ltd          
    11.5 Crown Holdings Inc          
    11.6 Kian Joo Group          
    11.7 Rexam Plc          
    11.8 Silgan Containers Corporation         
    11.9 Sonoco Phoenix Inc