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, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Metal Cans
Metal cans are cylindrical containers made from metal materials designed to store and protect a wide range of products, from food and beverages (F&B) to chemicals and aerosols. They are robust and offer resistance to external factors such as moisture, light, and air, which help preserve the quality and freshness of the contents. They are highly recyclable, making them an environment friendly choice. They can be melted down and reused to produce new cans, reducing waste and conserving resources. They can be hermetically sealed, preventing air and contaminants from entering, thus ensuring the integrity and safety of the stored products. Their uniform shape and size make metal cans easy to stack, maximizing storage space efficiency. They are available in various sizes, from small beverage cans to large industrial containers, catering to a wide range of product needs. They provide a secure containment solution for chemicals, paints, and solvents, preventing leakage and contamination. They are widely used for packaging canned fruits, vegetables, soups, beverages, and more, as they ensure product safety and long shelf life. Besides this, they are utilized to package wet pet food, maintaining its freshness and nutritional value.
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.
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What are the growth prospects and trends in the metal cans industry?
The expanding working population and busy and on-the-go lifestyles of people are catalyzing the demand for convenience F&B. Metal cans are widely used as an ideal packaging solution for single-serve items and portable snacks. Additionally, the increasing global emphasis on sustainability and eco-friendliness is driving the demand for metal cans. Apart from this, continuous advancements in manufacturing and printing technologies are enhancing the design and aesthetics of metal cans.
Along with this, several companies are focusing on the creation of eye-catching and informative packaging to attract a wider consumer base. Furthermore, ongoing innovations in can lining materials are improving product preservation and reducing the risk of interactions between the container and its contents. Moreover, the rise of e-commerce and home delivery services is offering lucrative opportunities for packaging solutions that can withstand the rigors of transportation and ensure product integrity upon arrival. Metal cans can protect the contents during shipping, making them a preferred choice for e-commerce businesses. Along with this, the implementation of stringent regulations and quality standards set by governments and industry bodies regarding food safety and product packaging is promoting the use of metal cans.
In addition, the growing concerns about counterfeiting and product tampering across different industry verticals are influencing the market positively. Metal cans can incorporate security features such as holograms and tamper-evident seals to protect against counterfeit products, adding an extra layer of trust for individuals. Apart from this, the rapid globalization of trade is driving the demand for packaging that can withstand long-distance transportation and storage.
Moreover, ongoing research in material science is leading to the development of even more lightweight yet strong metal can materials. This innovation helps reduce the overall environmental impact and maintain the integrity and performance of metal cans.
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
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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