Global Can Packaging Market

Can Packaging Market Size, Share, Growth Analysis, By Metal Type(Aluminium, Steel and Others), By Can Type(Food Cans, Beverage Cans, and Aerosols), By Application(Food & Beverages, Healthcare, Personal care, Chemical and others) - Industry Forecast 2024-2031


Report ID: SQMIG15G2031 | Region: Global | Published Date: February, 2024
Pages: 272 | Tables: 90 | Figures: 76

Can Packaging Market Insights

Can Packaging Market size was valued at USD 47.06 billion in 2019 and is poised to grow from USD 49.08 billion in 2023 to USD 68.74 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

Can packaging is packaging made primarily of metallic materials such as aluminum, and steel. Mechanical properties, the ability to withstand extreme temperatures, the convenience of long-distance shipment, and other benefits are just a few of the many advantages of using can packing. The increasing popularity of employing the product for canned food serves to increase utilization because canned food is in high demand, particularly in congested urban areas. Because of its ability to withstand the amount of pressure and durability, the product is also widely used in the aromatherapy industry. Furthermore, the growing popularity of luxury metal-packaged products such as cookies, coffee, tea, and other items leads to an increase in the use of can packaging.

Can packaging is also widely used in the food and beverage industries because it is effective in preserving food content and ensuring a greater shelf life than many other packaging solutions. Heavy-duty metal containers, such as drums and IBCs (Intermediate bulk containers), on the other hand, are used in the transportation of oil, chemicals, and bulk liquids. According to the United Nations, the world is rapidly urbanizing, with the proportion of people living in cities expected to reach 66% by 2031. With increased urbanization and rising affluence, diets are changing, with a growing market for packaged food. Furthermore, the excellent preservative properties and structural integrity of various metal product types, which provide a longer shelf life, have resulted in the widespread use of can packaging.

Can packaging is used in healthcare, food and beverage, personal care, chemical, and other industries. The overall expansion of the packaging industry has indeed been fuelled by an increase in demand from the food and beverage markets. A shortage of time and relatively small family sizes drive consumption of canned food and beverages, propelling the metal packaging market forward. Packaging technology advancements have also aided in the development of metal cans with improved functional and storage qualities, resulting in market expansion in the beverages end-use sector. Both alcoholic and non-alcoholic beverages contain metal. However, factors such as environmental issues related to steel mining and increased material costs are expected to stymie market growth.

US Can Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.

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Can Packaging Market Segmental Analysis

The Global Can Packaging market is segmented based on Metal Type, Can Type, Application, and Region. Based on Metal Type, the market is segmented into Aluminium, Steel, and others. Based on Can Type, the market is segmented into Food Cans, Beverage Cans, and Aerosols. Based on Application, the market is segmented into Food & Beverages, Healthcare, Personal care, chemicals, and others. Based on region the global Can Packaging market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Can Packaging Market Analysis by Metal Type

In the year 2021, the aluminum segment held the largest market share of the global can packaging market. Aluminum is in high demand for can packaging solutions. It is adaptable and can support a wide range of styles and formats for creative packaging. Metal packaging, such as lightweight aluminum cans, improves accessibility and convenience, especially for food and beverage items. According to the Aluminium Organization, industry recycling for aluminum cans is 63%, while consumer recycling is 49.4%. These critical sustainability performance metrics are increasing the global use of aluminum in the metal packaging industry. During the forecast period, the aluminum segment is expected to grow at a compound annual growth rate of 2.6%. Aluminum is a versatile, lightweight, and recyclable material. It is also sanitary, non-toxic, and helps to preserve food scent.

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Can Packaging Market Regional Insights

In the Global Can Packaging Market, North America led the market, accounting for more than XX% of global revenue in 2021. With its dependence on canned goods and beverages, the United States is a major contributor to the growth of the North American can packaging industry. With an increasing concentration of consumer product manufacturers and packaged goods makers, the United States dominates the can packaging sector. In the coming years, the global canned packaging market is expected to represent a significant portion of the packaging market. Because the metal packaging markets in North America and Europe are relatively mature, the new entrant will face stiff competition from the market's leading players. On the other hand, markets in Latin America, South Asia, and East Asia are expected to have less competition and to provide significant revenue-generating opportunities for key players. Metal packaging demand is expected to rise as the demand for metal cans. The rise in popularity and revenue of the food and beverage industry in South and East Asia is expected to be a driving factor in the high demand for metal packaging.

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Can Packaging Market Dynamics

Can Packaging Market Driver

  • Increasing demand for canned food & beverages from consumers

Ready-to-eat or on-the-go meals have also seen a stronger preference for their convenience, particularly among consumers with busy schedules. As a result, large organized retailers have begun to stack large amounts of canned food and beverages. Nowadays, both offline and online retailers carry a diverse selection of processed food brands. Metal packaging is ideal for beverage containers because it is easy to cool, excellent for keeping the contents fresh, and prevents breakages while on the go due to the material's strength. These factors are expected to accelerate the demand for canned packaged

Can Packaging Market Restraint

  • Volatility in the raw material price and health issues associated with canned food.

Volatility in raw material prices, as well as the introduction of pet bottles, are likely to serve as market restraints for can packaging growth during the forecasted timeframe. Increasing competition from plastic packaging will be the biggest and most pressing challenge to market growth. The consumption of canned food and pasta that are high in BPA, which can cause serious problems in the human body by increasing estrogen levels, is a major impediment to the growth of the Can Packaging Market. As a result, manufacturers are working hard to provide packaging that is safe for both humans and the environment.

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Can Packaging Market Competitive Landscape

Throughout the Can Packaging Market Forecast period, many companies have been working to compensate for the demand. The growth of the pandemic and the increase in demand has had a significant impact on the growth of products in manufacturing companies. Later on, to compensate for the need, manufacturing companies are working hard to produce products in greater quantities while also producing products of high quality. Because of this demand, manufacturers are employing a variety of ideas and strategies to launch new products that incorporate cutting-edge technology. For instance, Jiaduobao, a leading Chinese producer of canned herbal tea, has introduced its beverage in sleek cans. This is primarily done to attract customers who are more concerned with their health and prefer to consume healthy foods and beverages.

Can Packaging Market Top Player's Company Profiles

  • Ardagh Group
  • Ball Corporation
  • Crown Holdings
  • Silgan Holdings
  • CPMC Holdings
  • Toyo Seikan Group Holdings
  • HUBER Packaging Group
  • Can-Pack SA
  • Kian Joo Can Factory Berhad
  • Kian Joo Group
  • Tetra Laval International SA
  • Rexam PLC
  • BWAY Corporation
  • Greif, Inc.
  • Sonoco Products Company
  • Mauser Packaging Solutions
  • Berlin Packaging
  • Great China Metal Industry Co., Ltd.
  • Nampak Ltd.
  • Orora Packaging Australia Pty Ltd

Can Packaging Market Recent Development

  • In May 2022, Ardagh's looking to expand its geographic footprint, and earnings growth can be attributed to inventive metal product designs such as aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate, three-piece tinplate food, and other specialty cans that are getting momentum with the metal packaging company's target consumers.
  • In March 2022, Virospack introduced child-resistant metal shell dropper bottles for the storage of cosmetics and personal care products. The company intends to broaden its product portfolio by introducing a variety of droppers with glossy, elegant, and premium-finish packaging.

Can Packaging Key Market Trends

  • Metal cans are also gaining popularity in the packaged water market. These cans provide advantages in terms of sustainability, and substantial producers can be expected to continue investing in technological advancements for beverage can manufacturing, lightweight techniques, and can configurability improvement. For instance, PepsiCo intended to sell Aquafina's purified still water in aluminum cans in US food service outlets. Furthermore, increasing environmental policies and a greater emphasis on recycling are increasing the demand for aluminum material. The focus of companies on improving their eco-friendly brand image is driving the growth of cans in the market.
  • With nearly 98 billion production units annually and four groups consumed weekly by every EU citizen, Can Packaging Europe (CPE) led the European manufacturers of rigid can packaging to recognize the can packaging sector as critical in ensuring the uninterrupted supply of critical goods in the aftermath of COVID-19. Several food & beverage can manufacturers' expansion projects have helped the nations meet the increasing demand for metal cans in recent years. However, delays have occurred as a result of national travel bans and safety concerns. Furthermore, numerous supply chain disruptions have caused major producers to report setbacks. For example, in May 2020, Ball Company announced disruptions in beverage packaging projects across Europe and Brazil due to government restrictions.

Can Packaging Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, we found that Growing consumer demand for aerosol products, rapid urbanization around the world, rising population, rising consumption of canned foods, rising levels of disposable income of people, changing consumer lifestyle, increasing adoption in the automotive, cosmetics, industrial, and household care sectors, and the presence of an advantageous corporate environment encouraging companies to establish manufacturing facilities are some of the factors. On the other hand, increased growth in the food and beverage industry, as well as advancements in packaging technology, will contribute to the can's growth by creating massive opportunities.

Report Metric Details
Market size value in 2023 USD 47.06 billion
Market size value in 2031 USD 68.74 billion
Growth Rate 4.3%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Metal Type
    • Aluminium, Steel and Others
  • Can Type
    • Food Cans, Beverage Cans, and Aerosols
  • Application
    • Food & Beverages, Healthcare, Personal care, Chemical and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Ardagh Group
  • Ball Corporation
  • Crown Holdings
  • Silgan Holdings
  • CPMC Holdings
  • Toyo Seikan Group Holdings
  • HUBER Packaging Group
  • Can-Pack SA
  • Kian Joo Can Factory Berhad
  • Kian Joo Group
  • Tetra Laval International SA
  • Rexam PLC
  • BWAY Corporation
  • Greif, Inc.
  • Sonoco Products Company
  • Mauser Packaging Solutions
  • Berlin Packaging
  • Great China Metal Industry Co., Ltd.
  • Nampak Ltd.
  • Orora Packaging Australia Pty Ltd
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Can Packaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Can Packaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Can Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Can Packaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Can Packaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Can Packaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Can Packaging Market size was valued at USD 47.06 billion in 2019 and is poised to grow from USD 49.08 billion in 2023 to USD 68.74 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

Throughout the Can Packaging Market Forecast period, many companies have been working to compensate for the demand. The growth of the pandemic and the increase in demand has had a significant impact on the growth of products in manufacturing companies. Later on, to compensate for the need, manufacturing companies are working hard to produce products in greater quantities while also producing products of high quality. Because of this demand, manufacturers are employing a variety of ideas and strategies to launch new products that incorporate cutting-edge technology. For instance, Jiaduobao, a leading Chinese producer of canned herbal tea, has introduced its beverage in sleek cans. This is primarily done to attract customers who are more concerned with their health and prefer to consume healthy foods and beverages. 'Ardagh Group', 'Ball Corporation', 'Crown Holdings', 'Silgan Holdings', 'CPMC Holdings', 'Toyo Seikan Group Holdings', 'HUBER Packaging Group', 'Can-Pack SA', 'Kian Joo Can Factory Berhad', 'Kian Joo Group', 'Tetra Laval International SA', 'Rexam PLC', 'BWAY Corporation', 'Greif, Inc.', 'Sonoco Products Company', 'Mauser Packaging Solutions', 'Berlin Packaging', 'Great China Metal Industry Co., Ltd.', 'Nampak Ltd.', 'Orora Packaging Australia Pty Ltd'

Increasing demand for canned food & beverages from consumers

Metal cans are also gaining popularity in the packaged water market. These cans provide advantages in terms of sustainability, and substantial producers can be expected to continue investing in technological advancements for beverage can manufacturing, lightweight techniques, and can configurability improvement. For instance, PepsiCo intended to sell Aquafina's purified still water in aluminum cans in US food service outlets. Furthermore, increasing environmental policies and a greater emphasis on recycling are increasing the demand for aluminum material. The focus of companies on improving their eco-friendly brand image is driving the growth of cans in the market.

In the Can Packaging Market, North America led the market, accounting for more than XX% of revenue in 2021. With its dependence on canned goods and beverages, the United States is a major contributor to the growth of the North American can packaging industry. With an increasing concentration of consumer product manufacturers and packaged goods makers, the United States dominates the can packaging sector. In the coming years, the canned packaging market is expected to represent a significant portion of the packaging market. Because the metal packaging markets in North America and Europe are relatively mature, the new entrant will face stiff competition from the market's leading players. On the other hand, markets in Latin America, South Asia, and East Asia are expected to have less competition and to provide significant revenue-generating opportunities for key players. Metal packaging demand is expected to rise as the demand for metal cans. The rise in popularity and revenue of the food and beverage industry in South and East Asia is expected to be a driving factor in the high demand for metal packaging.

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Global Can Packaging Market

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