Metal Cans Market by End-user and Geography - Forecast and Analysis 2022-2026

The metal cans market share is expected to increase to USD 7.59 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.64%.

This metal cans market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers metal cans market segmentation by end-user (food and beverages, chemical, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The metal cans market report also offers information on several market vendors, including Allied Cans Ltd., Allstate Can Corp., Altana AG, Ardagh Metal Packaging S.A., Berlin Packaging LLC, CCL Container, CPMC Holdings Ltd., Crown Holdings Inc., DS Containers, Envases Group, Hindustan Tin Works Ltd., Independent Can Co., Kaira Can Co Ltd, LAGEEN Food Packaging Ltd., SHOWA DENKO K.K., Silgan Containers LLC, Sonoco Products Co., Toyo Seikan Group Holdings Ltd., Trinity Holdings Ltd., and Visy among others.

What will the Metal Cans Market Size be During the Forecast Period?

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Metal Cans Market: Key Drivers, Trends, and Challenges

The increasing consumption of functional beverages is notably driving the metal cans market growth, although factors such as the rising demand for substitute packaging materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the metal cans industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Metal Cans Market Driver

• The increasing consumption of functional beverages is one of the key drivers fueling the metal cans market growth.
• A functional beverage is a type of liquid food that is marketed to convey product ingredients or potential health advantages.
• Vendors are focusing on increasing product launches. For instance, in May 2021, PepsiCo Inc. launched a functional sparkling water drink Soulboost, which is made with real juice and functional ingredients. The increased consumption of functional beverages is being driven by an increase in the number of fitness enthusiasts and a growing consumer preference for a healthy lifestyle.
• There is a growing engagement in sports on a national and international level is expected to boost the number of athletes, which will further drive the demand for functional beverages over the forecast period.
• Due to the increased number of everyday users for sports and energy drinks, functional beverage companies are launching beverages with a reduced-calorie and fat content, as well as adding fruit and vegetable flavors to appeal to refined taste. This, in turn, will drive the metal cans market growth during the forecast period.

Key Metal Cans Market Trend

• Modified metal designs can improve quality and gain consumer attention, which is one of the key metal cans market trends propelling the market growth.
• Metal can manufacturers are currently focusing on adopting creative ways of printing labels and graphics on metal cans to attract customer attention and increase product sales.
• Metal can manufacturers use thermochromic ink, photochromic ink, noon inks, and matte finish to create distinctive and special finishes for their products.
• Temperature-sensitive finishing materials such as thermochromic ink alert customers when a beverage has reached the ideal serving temperature, while photochromic ink changes color when exposed to light.
• Digital printing on metal cans is gaining popularity because it provides vibrant colors and striking visuals. For instance, in March 2021, Thai Union SEALECT Tuna brand launched a limited-edition series of canned tuna with a packaging design featuring Doraemon, a character from the famous Japanese manga series. Such instances of digital printing may propel the metal cans market growth during the forecast period.

Key Metal Cans Market Challenge

• The rising demand for substitute packaging materials is one of the factors impeding the metal cans market growth.
• The sheer benefits of flexibility, durability, and lightweight are influencing consumers to switch from rigid to flexible plastic packaging.
• The breakage and corrosion are common problems with rigid packing. Flexible plastic packaging, on the other hand, has high tensile strength and barrier qualities.
• Flexible plastic packaging can be used to provide moisture and aroma protection as well as barriers that are comparable to glass.
• Flexible plastic packaging materials are 80% less in weight and cost less to manufacture than stiff plastic packaging materials.

The above-mentioned advantages of flexible plastic packaging may impede the metal cans market growth during the forecast period.

This metal cans 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global metal cans market as a part of the global metal and glass containers market. Our research report has extensively covered 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.

Who are the Major Metal Cans Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Allied Cans Ltd.
• Allstate Can Corp.
• Altana AG
• Ardagh Metal Packaging S.A.
• Berlin Packaging LLC
• CCL Container
• CPMC Holdings Ltd.
• Crown Holdings Inc.
• DS Containers
• Envases Group
• Hindustan Tin Works Ltd.
• Independent Can Co.
• Kaira Can Co Ltd
• LAGEEN Food Packaging Ltd.
• SHOWA DENKO K.K.
• Silgan Containers LLC
• Sonoco Products Co.
• Toyo Seikan Group Holdings Ltd.
• Trinity Holdings Ltd.
• Visy

 

This statistical study of the metal cans market encompasses successful business strategies deployed by the key vendors. The metal cans market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, reputation, and distribution to compete in the market.

Product Insights and News

• Allied Cans Ltd. - Under the unified segment, the company is involved in manufacturing of mono top screw top cans for pvs, cpvc, abs solvent cements, primers, cleaners, and for other adhesive packaging.
• Allied Cans Ltd. - The company offers metal cans that are used for storage purpose of chemicals, edible oils, lubricants, hi-tech coatings, roofing mastics and adhesives. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The metal cans market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Metal Cans Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the metal cans market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Metal Cans Market?

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41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the metal cans market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Another region offering significant growth opportunities to vendors is North America. The rising demand for various healthy beverages, carbonated soft drinks, health drinks, and sucralose juices will facilitate the metal cans 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.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic negatively impacted the regional market. However, in the first half of 2021, several countries lifted lockdowns and resumed production and manufacturing activities, owing to the ramping up of vaccination drives all over the region. This is likely to result in the demand for metal cans from end-user industries during the forecast period.

What are the Revenue-generating End-user Segments in the Metal Cans Market?

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The metal cans market share growth by the food and beverages segment will be significant during the forecast period. Longer shelf life and the preservation of nutritional aspects of food products linked to canned packaging support the proliferation of canned food and beverages in organized retail outlets. Furthermore, vendors' greater dependence on organized retailers for product sales and market penetration continues to support the demand for metal cans in organized retail outlets. Moreover, consumer preference for modern trade channels is constantly changing due to a wider range of options, which will continue to drive the demand for metal cans in the food and beverages segment. 

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 post COVID-19 impact on each segment.

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Metal Cans market - The 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%. 

Aluminium Cans market - The market share is expected to increase by USD 8.85 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.84%.

Metal Cans Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 2.64%
Market growth 2022-2026	$ 7.59 billion
Market structure	Fragmented
YoY growth (%)	2.3
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 41%
Key consumer countries	US, Canada, China, Japan, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Allied Cans Ltd., Allstate Can Corp., Altana AG, Ardagh Metal Packaging S.A., Berlin Packaging LLC, CCL Container, CPMC Holdings Ltd., Crown Holdings Inc., DS Containers, Envases Group, Hindustan Tin Works Ltd., Independent Can Co., Kaira Can Co Ltd, LAGEEN Food Packaging Ltd., SHOWA DENKO K.K., Silgan Containers LLC, Sonoco Products Co., Toyo Seikan Group Holdings Ltd., Trinity Holdings Ltd., and Visy
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 forecast period
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.

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What are the Key Data Covered in this Metal Cans Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive metal cans market growth during the next five years
• Precise estimation of the metal cans market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the metal cans industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of metal cans market vendors

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