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Emerging Trends Influencing The Growth Of The Food And Beverage Metal Cans Market: Eviosys Packaging Introduces Eco-Friendly Innovation In Food And Beverage Metal Cans
The Food And Beverage Metal Cans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Food And Beverage Metal Cans Market Size Expected to Be by 2034?
The market size of the food and beverage metal cans sector has significantly expanded in the recent past. Growth is projected from $35.47 billion in 2024 to $38.06 billion in 2025, with a compound annual growth rate (CAGR) of 7.3% being anticipated. Factors contributing to this historical growth include the development of non-BPA linings, enhanced preservation and shelf life, rising demand for convenience food, and product protection.
It is predicted that the food and beverage metal cans market size will demonstrate robust growth in the upcoming years, reaching a value of $50.85 billion by 2029 with a compound annual growth rate (CAGR) of 7.5%. This projected growth during the forecast period can be credited to factors such as efficient transportation, a burgeoning demand for aesthetically appealing cans, safety and food protection measures, as well as governmental initiatives. Noteworthy trends in the predicted period encompass innovations in ready-to-drink (rtd) beverages, advancements in labeling and design, convenience factors and easy-to-open features, along with the advent of aluminum beverage bottles.
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What Are the Emerging Segments Within the Food And Beverage Metal Cans Market?
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 Long-Term Drivers Are Shaping Food And Beverage Metal Cans Market Trends?
The food and beverage metal cans market is projected to expand due to the rising alcohol consumption. Drinks containing 1% or more alcohol volume, deemed fit for human intake, fall under the spectrum of alcoholic beverages. Metal cans are the packaging choice for these beverages due to their easy filling mechanism, handiness and their recyclable nature. For instance, a report by the US-based commercial bank, Silicon Valley Bank, in June 2024 disclosed a 1.2% rise in direct-to-consumer (DtC) wine case sales in 2023 against the previous year. Consequently, the augmented consumption of alcoholic beverages is set to fuel the food and beverage metal cans market. The mounting demand for ready-to-eat food items also acts as a catalyst in propelling the food and beverage metal cans market. Convenience food encompasses meals and snacks that are ready-made and provide swift and effortless consumption. Metal cans in the food and beverage sector provide the optimal packaging solution to extend the shelf life and transportability of a broad variety of convenience foods. In 2022, the United States Department of Agriculture, a federal agency responsible for the supervision of food quality, safety, and nutrition labeling, the total value of US processed food exports stood at $38 billion, representing a 10.96% rise from the previous year's $34.24 billion. Additionally, processed food goods worth $11.43 billion and $5.65 billion were exported by Canada and Mexico respectively in 2022. Consequently, the escalating demand for convenience food items is predicted to boost the food and beverage metal can market.
Who Are the Top Competitors in Key Food And Beverage Metal Cans Market Segments?
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.
What Food And Beverage Metal Cans Market Trends Are Gaining Traction Across Different Segments?
Key players in the food and beverage metal cans industry are concentrating their efforts on the development of innovative solutions to solidify their market presence. A prime example of this is Eviosys Packaging Switzerland GmbH, a sustainable packaging company based in Switzerland. In June 2023, they introduced Ecopeel, a novel metal food can packaging solution. Ecopeel is uniquely designed with a peelable foil seal that sticks directly to the can's body, replacing the traditional ring-pull opening mechanism. This innovation reduces the carbon footprint per can by 20% and offers an easy-opening feature with a 45-degree sealing surface.
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Which Regions Are Becoming Hubs for Food And Beverage Metal Cans Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Food And Beverage Metal Cans Market?
2. What is the CAGR expected in the Food And Beverage Metal Cans Market?
3. What Are the Key Innovations Transforming the Food And Beverage Metal Cans Industry?
4. Which Region Is Leading the Food And Beverage Metal Cans Market?
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