Food And Beverage Metal Cans Market Set to Reach $50.85 Billion by 2029 with 7.5% Yearly Growth

How Are the key drivers contributing to the expansion of the food and beverage metal cans market?
The rise in alcohol consumption is anticipated to fuel the expansion of the food and beverage metal cans market. Alcoholic beverages, characterized by their alcohol content of 1% or above, are deemed fit for human intake. They are typically encased in metal cans for their easy filling, recyclability, and handiness. For example, a report by Silicon Valley Bank, a commercial bank based in the US, noted that direct-to-consumer wine case sales experienced a 1.2% surge in 2023 as opposed to 2022 in June 2024. As such, the escalating intake of alcoholic drinks will contribute to the progression of the food and beverage metal cans market. As far as the Food And Beverage Metal Cans Market is concerned, convenience food items are seeing a surge in demand, which ultimately augments the market. Such foods are either pre-prepared or ready-to-eat, ideal for on-the-go consumption. Metal cans used for packing these food and beverage items not only help maintain their freshness but also ensure easy transport, thus extending their shelf life. In 2022, The United States Department of Agriculture, a governmental agency dedicated to supervising food safety, quality, and nutrition labeling, reported that US processed food exports totaled $38 billion, marking an increase of 10.96% from its previous value of $34.24 billion in 2021. Moreover, Canada and Mexico exported processed foods amounting to $11.43 billion and $5.65 billion respectively, in 2022. Hence, the escalating demand for convenience food will further push the growth of food and beverage metal can market.

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What growth opportunities are expected to drive the food and beverage metal cans market's CAGR through 2034?
The market size of the food and beverage metal cans has experienced considerable growth in the past few years. The market is projected to expand from a value of $35.47 billion in 2024 to $38.06 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. This growth during the historical period is due to the development of non-BPA linings, improved preservation and shelf life, the increasing demand for convenience food, and enhanced product protection.

Expectations are high for the food and beverage metal cans market as it is forecasted to experience robust growth in the imminent years. The market is predicted to increase to $50.85 billion in 2029 with a compound annual growth rate (CAGR) of 7.5%. This growth during the forecasted period will be influenced by factors such as effective transportation, the demand for visually appealing cans, food safety and security, and government initiatives. The market trends to watch out for in this prediction period include innovative ready-to-drink (RTD) beverages, creative labeling and design, easy access and opening, and aluminum beverage bottles.

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What new trends are reshaping the food and beverage metal cans market and its opportunities?
Leading entities in the food and beverage metal cans sector are prioritizing the development of innovative solutions to secure their foothold in the market. For example, Eviosys Packaging Switzerland GmbH, a company based in Switzerland specializing in smart, environmentally-friendly packaging, introduced a novel metal food can package solution, Ecopeel, in June 2023. This specially designed product features a peelable foil seal, which is attached directly to the can's body, replacing the conventional ring-pull opening system. This feature reduces the carbon footprint of each can by 20% and makes it easy to open thanks to a 45-degree sealing surface.

Which growth-oriented segments of the food and beverage metal cans market are leading the industry's development?
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

Subsegments:
1) By 2-Piece Cans: Drawn And Ironed Cans, Impact Extruded Cans
2) By 3-Piece Cans: Welded Cans, Seam Cans

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What regions are leading the charge in the food and beverage metal cans market?
North America was the largest region in the food and beverage metal cans market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in food and beverage metal cans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What companies are at the forefront of innovation in the food and beverage metal cans market?
Major companies operating 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.

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What Is Covered In The Food And Beverage Metal Cans Global Market Report?

• Market Size Forecast: Examine the food and beverage metal cans market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the food and beverage metal cans market for a structured understanding.
• Key Players Overview: Analyze major players in the food and beverage metal cans market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the food and beverage metal cans market.
• Segment Contributions: Evaluate how different segments drive overall growth in the food and beverage metal cans market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the food and beverage metal cans market.
• Industry Challenges: Identify potential risks and obstacles affecting the food and beverage metal cans market.
• Competitive Landscape: Review strategic developments in the food and beverage metal cans market, including expansions, agreements, and new product launches.

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