Market Size of Europe Metal Cans Industry
|2019 - 2029
|Base Year For Estimation
|Market Size (2024)
|USD 19.06 Billion
|Market Size (2029)
|USD 21.27 Billion
|CAGR (2024 - 2029)
*Disclaimer: Major Players sorted in no particular order
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Europe Metal Cans Market Analysis
The Europe Metal Cans Market size is estimated at USD 19.06 billion in 2024, and is expected to reach USD 21.27 billion by 2029, growing at a CAGR of 2.23% during the forecast period (2024-2029).
Metal cans' recyclable properties drive the market as making products from recycled metals uses less energy, reduces carbon emissions, and uses less water than raw materials. Some metals, especially aluminum, are so profitable to recycle that companies pay people and businesses for their used metal. According to Waste Care Corporation, recycled aluminum cans alone generate approximately USD 800 million annually. In Europe, companies are contributing to more sustainability by recycling aluminum.
- The capacity to recycle beverage cans is another advantage for the environment. Beverage cans are the recycling champions in Germany, where up to 99.1% of packaging is recycled. The aluminum can be repeatedly melted into new items, including bicycle frames and aircraft parts. The metal uses 95% less energy during multi-recycling than primary manufacture, ensuring the best recycling circuit. Metal cans are well-positioned for expansion in the European packaging industry due to their high recycling capacity and environmental benefits. The metal can packaging market is projected to grow as a sustainable and preferred option for packaging materials due to improved consumer awareness, regulatory backing, circular economy activities, brand reputation concerns, and chances for innovation.
- Due to growing environmental concerns, metal cans are increasingly preferred over plastic and glass containers. One of the main factors influencing the market examined in the area is the strong recycling potential of metal cans, the region's economic situation, and the low cost of canned foods. Metal is the most recycled packaging, with 73% of aluminum beverage cans and 85.5% of steel packaging recycled in Europe, according to metal packaging.
- However, the presence of alternate packaging solutions is restraining the market from growing, as the replacement possibility of polymer-based packaging materials, including polyethylene and polyethylene terephthalate (PET), is witnessing a challenge in the metal can usage.
- Members of Metal Packaging Europe supported the strong measures taken by the national governments and the European Commission to stop the spread of the COVID-19 pandemic. They were committed to guaranteeing the supply of metal packaging, abiding by the strictest safety and hygiene rules for food & beverage, hygiene, medical, and other essential goods throughout Europe. Further, the Russia-Ukraine war includes an impact on the overall packaging ecosystem.