About Metal Cans
Metal cans are generally used for packaging of various products which includes beverages, foods, aerosol products, paints, medicines, and other products. The metal cans are available in different shapes like cylindrical in shape that are mostly used for the packaging of food & beverage packaging, cans may be manufactured in other shapes like rectangular cans such those used to contain gasoline or paint thinner and oblong cans used for storing hams and other meats. Most packed food and drink containers for ambient shelf storage are exposed to some form of heat process to prolong the shelf life of the product. The food cans, will normally provide a shelf life of up to 2-3 years or more. Recent innovations in the design and manufacture of metal packaging for food products include: large opening stay-on-tab ends for drink cans, widgets to provide a foam head to beer and chilled coffee, self-heating and self-chilling drink cans, full aperture food can ends which are easier to open, square section processed food cans for more efficient shelf storage, peelable membrane ends for processed food cans.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Metal Cans market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ardagh Packaging (Ireland), Silgan Containers LLC (United States), Independent Can Company (United States), Trinity Holdings (United Arab Emirates), Crown Holdings, Inc. (United States), SKS Bottle & Packaging, Inc. (United States), Kaira Can Company Limited (India), The Cary Company (United States), Ball Corporation (United States), Allstate Can Corporation (United States), Can Smart (PTY) LTD (South Africa), AlliedCans Limited (Canada) and Berlin Packaging (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kian Joo Can Factory Berhad (Malaysia) and CAN-PACK S.A. (Poland).
Segmentation Overview
AMA Research has segmented the market of Global Metal Cans market by Type (2-Piece Cans and 3-Piece Cans), Application (Food & Beverage [Alcoholic Beverages, Non–Alcoholic Beverages, Processed Dairy Food Products, Edible Oil, Processed Food Products], Pharmaceutical Industry, Cosmetic Products, Chemicals, Paints and Others) and Region.
On the basis of geography, the market of Metal Cans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material Type, the sub-segment i.e. Steel will boost the Metal Cans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Can Shapes, the sub-segment i.e. Round Cans will boost the Metal Cans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Closures Type, the sub-segment i.e. Metal Bottle Caps will boost the Metal Cans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coating Technology, the sub-segment i.e. Waterborne will boost the Metal Cans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of Cans in Food and Beverage Packaging because it is and Recyclable
Market Growth Drivers:
Increasing Demand for Different Floured Soft Drinks like Carbonated Soft Drinks and Sucralose Juices and Growing Demand for Canned Cold Coffee and Energy Drinks in Developed Regions
Challenges:
Metal cans are worth significantly more than other beverage containers
Restraints:
Availability of substitute like Polymer Based Packaging Materials
Opportunities:
Growing Health Awareness and lightweight Packaging is creating Opportunity for Metal Can
Market Leaders and their expansionary development strategies
In January 2022 Sonoco, one of the largest sustainable global packaging companies, today announced it has completed the acquisition of Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol can producer in North America. Ball Metalpack was a joint venture owned by Platinum Equity and Ball Corporation
In June 2023, UK-based drinks company Marlish Waters has launched a new 150ml can format for its tonics and mixers beverage range.
Most food companies require that any product intended as a coating on metal for direct food contact must comply with 21 CFR 175.300 (resinous and polymeric coating) of the US FDA Regulation. The FDA defines several categories of foodstuff, with different requirements. The respective CFRs need to be carefully consulted to understand possible compositional requirement for the respective food type. and European Regulation: Coating are listed in Annex 1 of the framework Regulation (EC) No 1935/2004 as a category of food contact materials for which a specific regulation may be established.
Key Target Audience
Manufacturers of Metal Cans, Suppliers of Metal Cans, Wholesalers, Distributors and Retailers of Metal Cans, Food & Beverage Industry, Chemical Industry, Packaging Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.