Food & Beverage Metal Cans Market is Projected to Reach $46.2 billion in 2028

According to a research report titled "Food & Beverage Metal Cans Market" published by MarketsandMarkets, the market for food and beverage (F&B) metal cans is expected to grow significantly. The report states that the F&B metal cans market is estimated to be worth USD 33.0 billion in 2023 and is projected to reach USD 46.2 billion by 2028, with a compound annual growth rate (CAGR) of 7.0%.

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Metal cans are widely used in the packaging of food and beverages, as well as other consumer goods like aerosols and paints, due to their ability to maintain product shelf-life. These cylindrical containers can be customized in appearance by manufacturers. The primary driver for the F&B metal cans market is the increasing demand for convenience food items. As more people embrace a healthy lifestyle, the demand for fresh and canned foods has risen, leading to a higher need for metal cans in the food and beverage industry.

Canned foods, which are minimally processed and ready-to-eat or ready-to-cook, are experiencing high demand. Consumers prefer canned food because of its easy storage and extended shelf-life. Metal cans help preserve the taste and texture of the food, making them suitable for functional and processed foods. The convenience factor of canned foods also contributes to their growing popularity in the market.

The report highlights the rising popularity of aluminum as a material for metal cans, which is expected to drive the growth of the aluminum segment. Aluminum cans are often made using a two-piece construction method, where a single metal piece is drawn and ironed into the shape of a can. These cans are lightweight, recyclable, and cost-effective, reducing production costs. However, the recycling process for cans made of aluminum-magnesium combinations poses challenges in terms of full utilization.

In terms of can types, the report suggests that two-piece cans are set to dominate the market during the study period. These cans are made from a metal disc formed into a cylinder with an integral end and seamed lid. They are designed to keep the taste, texture, and flavor of the food fresh and sterile. Two-piece cans provide excellent sealing and require less raw material for production, making them ideal for instant food packaging without the need for thermal processing.

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The Asia Pacific region is expected to offer significant growth prospects for the F&B metal cans market in 2023. With countries like India and China experiencing population growth and an increase in the consumption of packaged food and beverages, the region has become a key market for metal can manufacturing and consumption. The demand for liquid dairy products, driven by economic growth, urbanization, and rising purchasing power, is also contributing to the growth of the F&B metal cans market in Asia Pacific. Key players in the market, including Crown Holdings, Ball Corporation, Silgan Holdings, Ardagh Group, and others, have a strong presence in the region, further fueling market growth.

The key players mentioned in the report include Crown Holdings, Ball Corporation, Silgan Holdings, Ardagh Group, CCL Container, Can Pick S.A, Kian Joo Group, CPMC Holding, Envases, Toyo Seikan Group Holdings, Ltd, Universal Can Corporation, Independent Can Company, VISY, Mauser Packaging Solutions, Lageen Food Packaging, Massilly Holdings S.A.S, P.Wilkinson Containers Ltd, Kingcan Holdings Limited, Muller and Bauer GmbH, and Jamestrong Packaging.

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