Food & Beverage Metal Cans Market Company Profile, Development Status and Outlook 2029

Food & Beverage Metal Cans Market is expected to reach USD 56.79 Bn. by 2029, at a CAGR of 6.2% during the forecast period.

Food & Beverage Metal Cans Market Report Scope and Research Methodology

Report Scope:

This comprehensive report delves into the various aspects of the Food & Beverage Metal Cans Market, exploring key drivers, restraints, and regional dynamics. It offers insights into market segments, including Raw Material, Can Type, and Application, and provides an in-depth analysis of North America, Asia-Pacific, Europe, the Middle East & Africa, and South America.

Research Methodology:

The report employs a robust research methodology, blending qualitative insights, historical data, and well-founded projections to derive market size estimates. It serves as an invaluable source of information and analysis, covering diverse aspects of the market, from regional trends to technology, types, and applications.

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What are Food & Beverage Metal Cans Market Dynamics?

Drivers:

Metal Cans are cost-effective and highly efficient for food storage, boasting excellent heat transfer properties and user-friendliness. Their durability and recyclability contribute to cost reduction in food and beverage manufacturing and packaging. Scientific research supports the use of Metal Cans, emphasizing their role in preserving food products.

Recent Developments: Several key industry players have contributed to the market's growth. Notably, Ball Corporation announced the construction of a new aluminum cup manufacturing plant in Georgia, USA, aiming to strengthen its North American market presence. Ball Corporation also expanded its South American market share by partnering with Argentina-based metal can manufacturer Envases Del Plata. Crown Holdings, Inc. launched new products for luxury goods packaging, enhancing its market diversification.

Restraints:

Chemical Compound: The presence of Bisphenol-A in Tin Cans, which can potentially harm food products and consumers, has hindered the market's growth.

Environmental Concerns: Rising environmental protection campaigns, such as 'Save Nature' and 'No to Metal Cans,' have also presented challenges.

Food & Beverage Metal Cans Market Segmentation?

Raw Material: Increased safety standards have driven the use of Aluminum and Steel, with a 3.8% rise in Aluminum demand. Steel preference for Metal Can production has increased by 2.4%. Tin is another metal used for food and beverage storage.

Can Type: Over 30% of Metal Cans are used for beverages, reflecting a 1.3% increase in food product storage. The Fast-Moving Consumer Goods (FMCG) sector has seen a 2.1% rise in Metal Can use for storing Aerosols. Various products are stored and transported in Metal Cans.

Application: Convenience food consumption has driven a 2.2% increase in Metal Can use by the Food Industry. Increased consumption of aerated and alcoholic beverages worldwide has resulted in a 3.6% rise in Metal Can usage by the Beverages Industry. A surge in pet ownership has led to an 1.8% increase in Metal Can use in the Pet Food Industry.

Packaging Industry: Greater demand for processed and convenience food products has increased Metal Can demand by 3%. The food packaging industry has seen a 2.3% growth due to the preference for convenience foods. Heat-insulating properties have resulted in a 2.6% uptick in Metal Can usage for packaging alcoholic and caffeine beverages.

Food Products: Easy-to-use containers for dairy and frozen foods have led to a 2.7% rise in Metal Can adoption by food product packaging. Airtight seals that reduce air contact and microbial growth have driven a 3.3% increase in Metal Can use for fruits and vegetables packaging.

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Who are Food & Beverage Metal Cans Market Key Players?

1. Crown Holdings, Inc.
2. Ball Corporation
3. Silgan Holdings, Inc.
4. CCL Industries
5. Allied Cans
6. Independent Can Company
7. Ardagh Group
8. Huber Packaging Group GmbH
9. Mauser Packaging Solution LLC
10. P. Wilkinson Containers Ltd.
11. Muller und Bauer GmbH
12. Masilly Holdings S.A.S.
13. Unimpack
14. Kian Joo Group
15. Universal Can Corporation
16. Toyo Seikan Group Holding Ltd.
17. CPMC Holdings Ltd.
18. Lageen Food Packaging

Table of content for the Food & Beverage Metal Cans Market includes:

Part 01: Executive Summary

Part 02: Scope of the Food & Beverage Metal Cans Market Report

Part 03: Global Food & Beverage Metal Cans Market Landscape

Part 04: Global Food & Beverage Metal Cans Market Sizing

Part 05: Global Food & Beverage Metal Cans Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: A 3.1% increase in Metal Can consumption is attributed to the preference for canned food products. Over 63% of Steel and 52% of Aluminum cans in the US undergo recycling. Greater environmental awareness and Metal Can reusability have driven a 3.3% demand increase in the Food and Beverages Packaging Industry.

Asia-Pacific: A 2.3% rise in Metal Can use for food and beverage packaging reflects the preference for metal over plastic and glass. Growth is concentrated in ASEAN countries, Australia, Japan, and Korea.

Europe: A 2.6% uptick in Metal Can use for food and beverage packaging is fueled by environmental concerns and a 79.5% recycling rate. Increased consumption of canned food

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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