Asia Pacific Metal Cans Market Size

APAC Metal Cans Market Analysis

The APAC Metal Cans Market is expected to register a CAGR of 4.4% for the forecast period 2021-2026. The food and beverage industry, with a major share in the metal, can provide packaging market, is witnessing huge demand amidst the COVID-19 pandemic, as the industry falls under the essential commodity. The lockdown enforced across the world due to the COVID-19 pandemic has bought a significant change in human consumption habits. There has been an increasing demand for packaged food products, meat, vegetables, and fruits, among others.

• The excellent preservative properties and structural integrity of the metal cans, offering higher shelf life, have resulted in the high usage of metal cans in the food packaging industry across Asia. Packaged and convenience food has become a staple diet for many consumers, owing to their hectic lifestyles and work schedules.
• Consumer trends, such as a preference for small-size and multi-pack packaging formats, are supporting the volume growth of the global metal cans market.
• Increasing demand for mini-cans has been observed, especially in the Asia-Pacific markets, such as India, China, and Japan. Therefore, most of the beverage companies in the region are offering mini-cans, which generally contain smaller volumes of products and cost less than the traditional canned products.
• Further, Asian trends are mixed with Southeast Asia's growth. Multiple manufacturers from China and Japan have expanded their footprint in the region. For instance, Showa Aluminum Can Corporation, via its Project 2020+, has focused on the growth-acceleration of its business in the medium term by targeting Southeast Asia.
• Then, as of October 2020, multiple large steel projects located in Southeast Asia were underpinned by Chinese investment. At the same time of the year, Southeast Asia reportedly gained attention as more food companies shifted away from plastic containers for more recyclable cans. UACJ Corporation, a Tokyo-based company, is expected to boost the output capacity of aluminum sheets at its Southeast Asian plants by 2021.
• Furthermore, numerous innovations pertaining to manufacturing procedures, shapes, sizes, and smart packaging, are helping the manufacturers of metal cans to keep up with the current market trends. Clean surfaces that provide a wide range of multi-stage printing and labeling solutions are attracting many marketing innovations.
• For example, Hindustan Tin Works Ltd, based out of India, offers its general line cans that are made out often and not only offer the highest barrier properties from oxygen, moisture, and bacteria but also act as excellent barriers from rodents and other pests to ensure that the products are safe inside the pack till it is finally consumed.
• Moreover, metal cans, especially aluminum, are the most recycled packaging units, as they can be recycled at the end of their lifecycle without degradation in the quality, making them the preferred packaging material for brands across the industries, ahead of other materials such as plastic and paper. Hence, the return to the shelf as a new can in just 60 days makes aluminum packing suitable for the food, beverages, and aerosol industry.