Global Food and Beverages Metal Can Market

Global Food and Beverages Metal Can Market Size, Share, Growth Analysis, By Type(2-piece metal can, and 3-piece metal can), By Raw material(Aluminum, and steel), By Degree of internal pressure(Vacuum cans and pressurized cans), By Application(Food, fruits & vegetables) - Industry Forecast 2024-2031

Report ID: SQMIG15G2027 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 115 | Figures: 72

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Global Food and Beverages Metal Can Market size was valued at USD 31.07 billion in 2022 and is poised to grow from USD 32.97 billion in 2023 to USD 52.94 billion by 2031, at a CAGR of 6.10% during the forecast period (2024-2031).

Food and beverages metal can market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Crown Holdings, Inc.', 'Silgan Holdings, Inc.', 'Ball Corporation', 'Ardagh Group', 'CAN-PACK S.A.', 'CPMC Holdings Limited', 'Kian Joo Group', 'Huber Packaging Group GmbH', 'Toyo Seikan Group Holdings Ltd.', 'CCL Industries', 'Universal Can Corporation', 'Independent Can Company', 'P. Wilkinson Containers Ltd.', 'Unimpack', 'Visy'

According to the United States Environmental Protection Agency (EPA), 1.9 million tons of aluminium packaging for beers and soft drink cans were produced, with 49.2% of aluminium beverage cans recycled. Metal packaging for the food industry is thought to be safe, which is a significant driver of market growth during the forecast period.

The continuous ongoing efforts by large manufacturing companies to create unique packaging goods are predicted to provide tremendous potential for the Food and Beverage Metal Cans Market over the forecast period. Metal recycling and reusing are assisting in the market's growth. Furthermore, the huge trend of free home delivery has boosted the demand for healthier food packaging.

North America has emerged as the dominant region over the forecast period. On a regional basis, higher consumption of beer as well as other alcoholic beverages is likely to benefit the local sector during the forecast period. The increased consumer awareness of environmental sustainability is driving the North American food and beverage metal cans industry. North America is a leading producer of food and beverages. Moreover, North America is among the world's largest consumers of aluminium cans, and the region is largely dominated by a significant number of packaged food and beverage customers. In addition, strong research & development spending and technological advancements are expected to benefit the North American domestic production of food & beverage metal cans.

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Global Food and Beverages Metal Can Market

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