Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers

The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.

The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable food, provides extreme level protection from external contaminants, and offers high recyclability.  Surging health-conscious consumers, along with the rising awareness concerning availability of healthy nutrients in metal-canned food and beverages, is thrusting forward the market expansion in the coming years.

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Additionally, the rising preference for eco-friendly packaging is adding onto the market growth of metal cans. Government initiatives to prohibit the use of single-use plastics due to accelerating plastic pollution is projected to be favorable for the demand of metal cans in food and beverages applications. The emerging trend of employing convenient packaging solutions, in tandem with the high recyclable rate of metals like steel and aluminum, is forecast to drive market expansion in the forecast period.

Metal cans are also used to store edible oil. Beyond its application in food and beverage industry, metal cans also find utilization in various other applications, such as cosmetics, valuable healthcare products, and industrial chemicals like paints, dyes, and solvents, etc., as a convenient and eco-friendly packaging.

Key Takeaways from the Metal Cans Industry 

*The U.S. metal cans market is assessed to lead the global market, attaining a market size of US$ 11.3 Bn by 2033. The market is being driven by the diversification of portfolios by firms operating in the region.
*The China metal cans market is projected to follow behind U.S. market, attaining the market size of US$ 9.1 Bn by 2033 end. The market is being driven by the increasing demand for sustainable solutions.
*India is predicted to be a significant market for metal cans in APAC. Fast-paced life of urban populace is boosting the purchases of canned foods due to their convenience and cost-effectiveness.
*Japan metal cans market is expected to attain US$ 3 Bn in 2033, expanding at a CAGR of 4.2% over the forecast period. The market is being driven by the *increasing demand for canned food intact with nutritional values, and thriving packaging industry in the country

One of the major factors driving the market is the increasing demand for canned food and beverages. Canned goods have a long shelf life, which makes them a convenient option for consumers who are looking for easy-to-store and easy-to-use products. In addition, canned products are easy to transport, making them a popular choice for consumers who are always on the go.

Another factor driving the market is the growing popularity of metal cans as a packaging material. Metal cans are widely used in the food and beverage industry due to their durability, resistance to damage, and ease of recycling. In addition, metal cans are able to protect the contents from light, air, and bacteria, which helps to extend the shelf life of the product.

The market is segmented based on product type, material, and end-use. Based on product type, the market is divided into two-piece cans and three-piece cans. Two-piece cans are expected to dominate the market due to their cost-effectiveness and ease of production. Based on material, the market is segmented into aluminum and steel. Aluminum cans are expected to dominate the market due to their lightweight and recyclable nature. In terms of end-use, the market is segmented into food, beverages, and others. The food segment is expected to dominate the market due to the increasing demand for canned food products.

Geographically, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to dominate the market due to the increasing demand for packaged food and beverages in the region.

In conclusion, the global metal cans market is expected to experience significant growth in the coming years due to the increasing demand for packaged food and beverages and the growing popularity of canned goods. The market is expected to be dominated by Asia Pacific due to the increasing demand for packaged food and beverages in the region. The market is also expected to see a number of mergers and acquisitions as key players aim to expand their production capacity and increase their market presence.

Market Segmentation:
Region
North America
Latin America
Europe
Japan
APEJ
MEA

Material Type
Aluminium
Steel
Tin

Fabrication Type
Two Piece Can
Three Piece Can

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Application
Alcoholic Beverages
Non-Alcoholic Beverages (Aerated and Non-Aerated Beverages)
Processed Dairy Food Products
Other Processed Food Products
Edible Oil
Medicinal Tablets and Syrups
Personal Care and Cosmetic Products
Industrial Chemicals

End User

Food & Beverages
Pharmaceutical Industry
Consumers Goods
Chemical

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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.