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Food And Beverage Metal Cans Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | Ball Corporation, Crown Holding Inc., Sonoco Products Company, Silgan Holding Inc
Food And Beverage Metal Cans Global Market Report 2024
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.
Market Overview -
Food and beverage metal cans are containers composed of thin metal, often steel or aluminum, that are used for food and beverage storage and packaging. They are often used to enhance the preservation and durability of food and beverage.
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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.
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.
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Key Segments -
The food and beverage metal cans market covered in this report is segmented -
1) By Type: 2-Piece Cans; 3-Piece Cans
2) By Material: Aluminum; Steel
3) By Degree Of Internal Pressure: Pressurized Cans; Vacuum Cans
4) By Fabrication: Plain; Embossed; Printed; Other Fabrications
5) By Application: Food; Beverage
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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