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Key Factor Supporting Food And Beverage Metal Cans Market Development in 2025: Rising Alcoholic Beverage Consumption Boosts The Food And Beverage Metal Cans Market
Food And Beverage Metal Cans
How Large Will the Food And Beverage Metal Cans Market Size By 2025?
The market size for food and beverage metal cans has seen considerable growth in the past few years. The market that was valued at $35.47 billion in 2024, is projected to reach an estimated $37.56 billion in 2025, expanding at a compound annual growth rate (CAGR) of 5.9%. The significant growth in the former period was due to factors such as the advancement in non-bpa linings, improvement in preservation and shelf life, the increasing demand for convenient food, and the need for product protection.
How Big Is the Food And Beverage Metal Cans Market Size Expected to Grow by 2029?
In the coming years, the market size of metal cans for food and beverages is projected to witness robust growth, reaching $49.5 billion by 2029, at a compound annual growth rate (CAGR) of 7.1%. This expected growth in the forecast period can be attributed to factors such as transportation efficiency, the demand for appealing canvas, safety, food security, and governmental initiatives. Key trends predicted during the forecast period encompass innovations in ready-to-drink (rtd) beverages, advancements in labeling and design, convenience, easy opening, and the rising popularity of aluminum beverage bottles.
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Which Key Market Drivers Powering Food And Beverage Metal Cans Market Expansion and Growth?
The food and beverage metal cans market is expected to experience a boost as the consumption of alcoholic drinks escalates. Alcoholic drinks suited for human consumption typically contain alcohol content of 1% or above. Metal cans are often chosen as the packaging medium for these drinks due to their easy fillability, convenience, and recyclability. An example of this would be the report produced by the US-based commercial bank Silicon Valley Bank in June 2024 which indicated that direct-to-consumer wine case sales rose by 1.2% in 2023 as compared to 2022. As such, the growing consumption of alcoholic beverages is anticipated to fuel the expansion of the food and beverage metal cans market.
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What Long-Term Trends Will Define the Future of the Food And Beverage Metal Cans Market?
Key players in the food and beverage metal cans market are concentrating on the development of innovative solutions to consolidate their market position. For example, in June 2023, Switzerland's Eviosys Packaging Switzerland GmbH, a firm specialising in smart, sustainable packaging, unveiled Ecopeel, a unique metal food can packaging solution. This was designed with a peelable foil seal that attaches directly to the can body, replacing the typical ring-pull opening mechanism. This design reduces the carbon footprint of each can by 20% and allows for easy opening with a 45-degree sealing surface.
What Are the Emerging Segments in 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Food And Beverage Metal Cans Industry?
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.
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