Food And Beverage Metal Cans Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Ball Corporation, Crown Holding Inc., Sonoco Products Company, Silgan Holding Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Food And Beverage Metal Cans Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth 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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Market Segmentation:
The main types of food and beverage metal cans are 2-piece cans and 3-piece cans. A two-piece can is a type of metal packing container that is made up of two parts, the can body and the can lid. They are made from aluminum and steel and are manufactured as pressurized cans and vacuum cans with a degree of internal pressure. They have various fabrication methods, such as plain, embossed, printed and others and are used in food and beverages.

Major Driver - Rising Alcoholic Beverage Consumption Boosts The Food And Beverage Metal Cans Market
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.

Competitive Landscape:
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.

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Top Trend - Eviosys Packaging Introduces Eco-Friendly Innovation In Food And Beverage Metal Cans
Major companies operating in the food and beverage metal cans market are focused on innovating advanced solutions to strengthen their position in the market. For instance, in June 2023, Eviosys Packaging Switzerland GmbH, a Switzerland-based smart, sustainable packaging provider, launched Ecopeel, a new metal food can package solution. It is specially made with a peelable foil seal that is directly adhered to the can's body and takes the place of the standard ring-pull opening mechanism. It minimizes 20% of carbon footprint per can and is easy to open with a 45-degree sealing surface.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food And Beverage Metal Cans Market Characteristics
3. Food And Beverage Metal Cans Market Trends And Strategies
4. Food And Beverage Metal Cans Market - Macro Economic Scenario
5. Food And Beverage Metal Cans Market Size And Growth
…..
27. Food And Beverage Metal Cans Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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