Overview and Scope
Food and beverage metal cans are containers composed of thin metal, often steel or aluminum, that are used for food and beverage storage and packaging. They are often used to enhance the preservation and durability of food and beverage.
Sizing and Forecast
The food and beverage metal cans market size has grown strongly in recent years. It will grow from $33.02 billion in 2023 to $35.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to development of non-bpa linings, preservation and shelf life, demand for convenience food, product protection.
The food and beverage metal cans market size is expected to see strong growth in the next few years. It will grow to $46.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to transportation efficiency, demand for attractive canvas, safety and food security, government initiatives. Major trends in the forecast period include ready-to-drink (rtd) beverages innovations, labeling and design innovations, convenience and easy opening, aluminum beverage bottles.
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Segmentation & Regional Insights
The food and beverage metal cans market covered in this report is segmented –
1) By Type: 2-Piece Cans; 3-Piece Cans
2) By Material: Aluminum; Steel
3) By Degree Of Internal Pressure: Pressurized Cans; Vacuum Cans
4) By Fabrication: Plain; Embossed; Printed; Other Fabrications
5) By Application: Food; Beverage
North America was the largest region in the food and beverage metal cans market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in food and beverage metal cans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing consumption of alcoholic beverages is expected to propel the growth of the food and beverage metal cans market going forward. Alcoholic drinks are those appropriate for human consumption and have a volume alcohol content of 1% or higher. Alcoholic beverages are packaged in metal cans because they are simple to fill, convenient and recyclable. For instance, in 2021, according to the National Institute on Alcohol Abuse and Alcoholism, a US-based alcohol-related researcher, the U.S. ethanol consumption from all alcoholic beverages combined per person in 2021 was 2.51 gallons, up 2.9% from 2.44 gallons in 2020. Further, according to the U.S. Census area, per capita alcohol consumption increased between 2020 and 2021 in the Northeast by 5.4%, Midwest by 1.6%, South by 3.4% and West by 2.3%. Therefore, the increasing consumption of alcoholic beverages will drive the food and beverage metal cans market.
Key Industry Players
Major players in the food and beverage metal cans market are Ball Corporation, Crown Holding Inc., Sonoco Products Company, Silgan Holding Inc., Greif Inc., Ardagh Metal Packaging S.A, Mauser Packaging Solutions Holding Company, Crown Cork & Seal Co. Inc., Berlin Packaging LLC, CPMC Holdings Ltd., Can-Pack S.A, Huber Packaging Group GmbH, Nampak Ltd., Massily Holdings S.A.S, BWAY Corporation, Great China Metal Industries Co. Ltd., NCI Packaging Ltd., CCL Container SA de CV, Independent Can Co, Jamestrong Packaging Pty Ltd., DS Containers Inc., Muller and Bauer Gmbh, Allstate Can Corporation, P. Wilkinson Containers Ltd., Allied Cans Ltd.
The food and beverage metal cans market report table of contents includes:
1. Executive Summary
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