The metal cans market share for food and beverage is expected to increase by USD 9.78 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.61%.
The metal cans market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by end-user (beverage and food) and geography (North America, Europe, APAC, South America, and MEA).
The metal cans market for food and beverage industry report also offers information on several market vendors, including Amcor Plc, Ardagh Group SA, Ball Corp., Berlin Packaging LLC, COFCO Corp., Crown Holdings Inc., Fujian Hejin Food Can Industry Co. Ltd., J.L. Clark, National Can Industries Pty Ltd., and Silgan Holdings Inc. among others.
Amcor Plc - The company is privately held and headquartered in Switzerland. It is a global company generating USD 12,861 million in revenues and has around 46,000 employees. Its revenue from the global clamshell packaging market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. The company offers different types of metal cans for the food and beverages industry such as Flexcan, Clearfix.
What will the Metal Cans Market Size for Food and Beverage Market be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global metal cans market for food and beverage as a part of the global metal and glass containers market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the metal cans market during the forecast period.
Metal Cans Market for Food and Beverage: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The increasing launch of new food and beverage products in metal cans is notably driving the market growth, although factors such as increasing concerns about BPA present in metal cans may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
The increasing launch of new food and beverage products in metal cans is notably driving the metal cans market growth for food and beverage. The increasing launch of new food and beverage in metal cans is one of the drivers of the market. Nowadays, vendors prefer using metal cans for packaging new products. For instance, The mackerel line contains skinless and boneless mackerel fillets in marinades, and the tuna range features hand-picked pieces of tuna infused in oil. In May 2019, John West Foods Ltd. (John West) launched a new range of tuna toppings in the UK. Thus, the rising number of launches of food and beverage products in metal cans is expected to drive the growth of the metal cans market for the food and beverage industry during the forecast period.
Key Market Trend
The rise in the adoption of reusable packaging is the key market trend driving the metal cans market growth for food and beverage. The increasing adoption of reusable packaging by consumers due to the rising concerns about environmental pollution is one of the trends that would positively influence the growth of the market in focus during the forecast period. Metal cans can be reused multiple times without losing the quality of their material. A rise in the need for sustainable packaging and the reduced use of plastic packaging has led to an increase in the demand for reusable packaging. Some of the biggest global brands are focusing on introducing reusable packaging to phase out single-use plastic packaging. For instance, in January 2019, Nestl SA (Nestl ) announced its partnership with Loop. Such initiatives by various end-users will eventually lead to a rise in the demand for reusable packaging, including metal cans, which, in turn, will drive the growth of the market in focus during the forecast period.
Key Market Challenge
The major challenge impeding the metal cans market growth for food and beverage is the increasing concerns about BPA present in metal cans. BPA is found to seep into food and beverage from metal containers. Exposure to BPA can cause various health issues. Some of the health issues associated with BPA exposure are mentioned below: BPA is an endocrine disruptor and, thus, can interfere with the production and secretion of hormones and other hormonal activities inside the human body. BPA can cause reproductive disorders. High-Level exposure to BPA may increase the risk of erectile dysfunction and can affect egg maturation in humans. Thus, the health issues associated with BPA exposure can hinder the growth of the global metal cans market for the food and beverage industry during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Metal Cans Market for Food and Beverage Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the metal cans market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Metal Cans Market for Food and Beverage Market?
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28% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for metal cans for food and beverage in North America. Market growth in this region will be faster than the growth of the market in MEA.
The increasing demand for sustainable packaging among consumers is due to the rising concerns about environmental pollution and the increasing number of new food and beverage launches in metal cans. This will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating End-user Segments in the Metal Cans Market for Food and Beverage Market?
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The market share growth by the beverage segment will be significant during the forecast period. The increasing launch of new beverages in metal cans is supporting the growth of the segment. There is a shift in the preference of beverage manufacturers, especially beer manufacturers, from glass bottles to metal cans as cans are lighter, incur low shipping costs, and keep beer in a better condition than glass. This, in turn, is expected to drive the growth of the market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the metal cans market size and actionable market insights on the post-COVID-19 impact on each segment.
You may be interested in the regional reports:
North America Food and Beverage Metal Can market - The market share will grow at a CAGR of almost 2% by 2021.
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Metal Cans Market Scope for Food and Beverage |
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Report Coverage |
Details |
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Page number |
117 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.61% |
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Market growth 2021-2025 |
$ 9.78 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.24 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 28% |
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Key consumer countries |
US, Canada, China, UK, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Amcor Plc, Ardagh Group SA, Ball Corp., Berlin Packaging LLC, COFCO Corp., Crown Holdings Inc., Fujian Hejin Food Can Industry Co. Ltd., J.L. Clark, National Can Industries Pty Ltd., and Silgan Holdings Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Metal Cans Market for Food and Beverage Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the metal cans industry for food and beverage across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
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