Press release
Food & Beverage Metal Cans Market including Crown Holdings, Inc. (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CCL Container (US) and other Players
"F&B metal cans market is projected to grow at a CAGR of 7.4% during the forecast period."According to Researcher, the F&B metal cans market size is estimated to be valued at USD 33.0 billion in 2023 and is projected to reach USD 46.2 billion by 2028, recording a CAGR of 7.0% in terms of value. Metal cans are mainly used for packaging of different processed foods and functional beverages. They are manufactured with suitable tin coating and thickness to preserve the aromas and flavors of products and prevent them from spoilage. Most metal beverage cans manufactured in the US are made of aluminum, in some parts of Europe and Asia, cans are also made of steel and aluminum alloys. There are different benefits of metal cans such as longevity, extended shelf-life, recyclability, safety, etc., due to which it is preferred by most food and beverage manufacturers.
"By type, the 2-piece is the largest segment during the forecast period."
Metal cans play a very vital role in the packaging of different carbonated drinks and processed foods. These cans are coated with tin and zinc inside so as to prevent the reaction of these metals with food and beverage, thus preventing food spoilage. 2-piece cans are one meta can with an opening at the top end of the metal cans, which helps in preventing any leakage. It is a very sustainable type of metal cans and thus is been increasingly adopted by many food & beverage manufacturers.
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"By material, the aluminum segment is expected to grow at the highest growth rate during the forecast period."
Aluminum containers are infinitely recyclable, easy to stack, and lightweight. Aluminum cans are also super efficient to ship and store. The inside of the can is lined by an epoxy lacquer or polymer to protect the aluminum from being corroded by acidic contents or imparting a metallic taste to the beverage.
"By application, the food segment is projected to grow at the highest CAGR in the F&B metal cans markets."
Metal cans or canned foods have become one of the prominent methods of food preservation. Most of the ready-to-eat and processed food, go through many of the process which removes or reduces its nutritive content. Canning helps in reducing the preservation content of this food, thus helping improve its shelf-life and longevity.
The unassuming metal can, a stalwart of food and beverage packaging, is undergoing a dynamic evolution that speaks to both sustainability and innovation. The future of food and beverage metal cans is set to redefine packaging's role in preserving products, minimizing waste, and enhancing consumer experiences.
Sustainability is a driving force in this evolution. As environmental concerns grow, the focus on recyclability and material reduction gains prominence. Future metal cans are likely to be lighter, utilizing advanced materials that maintain strength while minimizing resource consumption. These cans will also incorporate innovative coatings to extend shelf life, reducing food waste and supporting a circular economy.
Advances in technology are also transforming metal can functionality. Intelligent packaging with embedded sensors can provide real-time information about a product's freshness and safety. This level of transparency builds consumer trust and contributes to a safer and more informed food supply chain.
Personalization is another avenue of exploration. Customizable designs and interactive features on metal cans can engage consumers and provide marketing opportunities for brands.
In the realm of beverages, resealable and temperature-sensitive metal cans are gaining traction, expanding the possibilities for premium drinks and convenience. Beverage cans are likely to incorporate interactive QR codes, augmented reality experiences, and even temperature indicators to enhance consumer engagement.
In conclusion, the future of food and beverage metal cans is a blend of sustainability, technology, and enhanced consumer interaction. These cans are set to become more than just vessels; they will play a pivotal role in addressing environmental concerns, ensuring product safety, and providing exciting experiences for consumers in an ever-evolving food and beverage landscape.
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