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The metal food cans market size is forecast to increase by USD 3.85 billion, at a CAGR of 3.1% between 2023 and 2028.
The metal food and beverage can market continues to evolve, with dynamic market trends shaping its landscape. The integration of advanced technologies in can manufacturing, such as seamless body production and automated filling lines, ensures optimal product protection and longer shelf life. Product innovation, driven by consumer preferences, is a significant market driver. Lightweight cans and sustainable packaging solutions are gaining traction, reflecting the industry's commitment to environmental stewardship. Can quality control and food safety remain top priorities, with tamper-evident seals, easy-open lids, and can inspection systems ensuring consumer confidence. Can labeling and decoration, from simple branding to intricate graphics, play a crucial role in product differentiation.
In the food service sector, can transportation and logistics are essential, with can stacking and can distribution systems streamlining the supply chain. Steel and tin cans, with their robustness and durability, continue to dominate the market, while aluminum cans offer lighter weight and recyclability. Can filling, product protection, and lacquer coating technologies are continually advancing, ensuring optimal preservation of food and beverage contents. The can body, a critical component, undergoes constant innovation, with can closures and can labeling equipment adapting to meet changing market demands. Brand loyalty and consumer preferences shape the market, with product innovation and sustainable packaging solutions being key differentiators. The ongoing unfolding of market activities and evolving patterns underscore the continuous dynamism of the metal food and beverage can market.
The metal food cans industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The aluminum segment is estimated to witness significant growth during the forecast period.
Aluminum's lightweight, corrosion-resistant, and recyclable properties make it a preferred choice in the market. Its superior performance, especially in the food and beverage sectors, is driving its adoption due to the increasing global demand for sustainable packaging solutions. The aluminum cans market is experiencing growth, as evidenced by Ball Corporation's expansion plans in South America. In 2023, they announced the construction of a new manufacturing plant in Chilca, Peru, with an annual capacity of over 1 billion beverage cans. Can quality control, handling, and decoration are essential aspects of can manufacturing, ensuring food safety and brand loyalty.
Sustainable packaging, including high-barrier cans, is a key trend, as is product innovation and food preservation through advanced can sealing, lacquer coating, and can lining. Can automation, logistics, and filling lines are also critical components, enhancing product protection and shelf life. Consumer preferences continue to influence market dynamics, with easy-open lids and can stacking essential for convenience. Can closures, labeling equipment, and graphics further contribute to the market's evolution. Steel and tin cans also remain significant players, offering cost-effective alternatives while maintaining product protection and shelf life. Overall, the market is an evolving landscape, with a focus on innovation, sustainability, and consumer preferences.
The Aluminum segment was valued at USD 14.13 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 41% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is experiencing significant growth, driven by shifting consumer preferences towards plant-based and sustainable food options. Approximately 5-8% of the US population, equating to over 10.7 million people, identify as vegetarian or vegan. In Canada, this number stands at around 2 million vegans as of 2022. This trend is fueling the demand for canned vegetables and plant-based meat alternatives, as they align with these dietary choices. Canned foods offer extended shelf life, product protection, and convenience, making them an ideal solution for both consumers and food manufacturers. The metal containers industry encompasses various entities, including beverage cans, aluminum cans, steel cans, tin cans, and metal food cans.
These containers undergo rigorous quality control processes, ensuring food safety and product preservation. Can manufacturing involves various stages, including can filling, can sealing, can inspection systems, and can automation. Sustainability is a crucial factor in the market, with the adoption of lightweight cans, sustainable packaging, and high-barrier cans. Can labeling, can decoration, and can labeling equipment are essential aspects of the industry, contributing to brand loyalty and product innovation. Can transportation and distribution networks ensure efficient logistics, while can handling and can stacking optimize storage and ease of use. Food processing plays a significant role in the industry, with can filling lines and can sealing machines streamlining production.
Easy-open lids, tamper-evident seals, and can inspection systems ensure food safety and product integrity. Can closures and can linings provide additional protection and enhance the overall consumer experience. In conclusion, the market in North America is witnessing growth due to changing consumer preferences, the rise of plant-based foods, and the ongoing focus on sustainability. The industry caters to various entities, from can manufacturing and transportation to labeling and product innovation, ensuring the delivery of high-quality, safe, and convenient food solutions.
Our researchers analyzed the data with 2023 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.
The Global Metal Food Cans Market advances with metal cans for food packaging and aluminum cans for beverages. Metal cans market trends 2024 emphasize recyclable metal cans and sustainable food packaging. Cans for processed foods and cans for pet food fuel demand, per metal cans market forecast. BPA-free metal cans leverage cans for ready meals, while cans for dairy products ensure durability. Cans for retail shelves and cans for e-commerce enhance accessibility. Cans for environmental compliance, advanced can manufacturing, and metal cans supply chain drive efficiency. Cans for global markets, cans for regulatory standards, cans for food safety, cans for shelf life, and metal cans for B2B sectors propel growth through 2028.
The metal food cans market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the metal food cans market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, metal food cans market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Crown Holdings - The company specializes in a diverse range of metal food containers, including decorative tins, seamless tins, and hermetic cans. These offerings cater to various industries and applications, ensuring product integrity and aesthetic appeal. Decorative tins enhance food presentation, while seamless tins provide superior protection against contaminants. Hermetic cans, with their vacuum-sealed design, preserve food freshness for extended periods. The company's commitment to innovation and quality elevates its metal food container solutions, enhancing customer satisfaction and brand loyalty.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Metal Food Cans Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
197 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.1% |
Market growth 2024-2028 |
USD 3849.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.7 |
Key countries |
US, China, Japan, Germany, UK, France, South Korea, Spain, India, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Material
9 Market Segmentation by Type
10 Market Segmentation by Application
11 Market Segmentation by End-User
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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