Metal Cans Market | Growth, Trends, and Forecast (2020-2025)

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

2.23 %

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Market Overview

The metal cans market was valued at USD 53.37 billion in 2019 and is expected to reach USD 61.37 billion by 2025, registering a CAGR of 2.23% over the forecast period of 2020-2025. The product is gaining prominence due to its distinct features, such as resistance to transportation, hermetically sealed cover, and irregular handling, and easy recyclability.

The high recyclability of metal cans is one of the significant drivers of the market. Making products from recycled metals uses less energy, reduces carbon emissions, and uses less water compared with using raw materials.
The rise in consumer awareness concerning the application of non-carcinogenic materials in packaging and increased demand for lightweight packing is generating high growth prospects for the metal cans market.
However, due to the replacement possibility of polymer-based packaging materials, including polyethylene and polyethylene terephthalate (PET), metal cans are witnessing a challenge in their usage.

Scope of the Report

The metal can is a container for the distribution or storage of goods. It is composed of thin metal, which is prominently propelled by its growing use in food and beverage packaging. Due to changing lifestyle, growing alcoholic and non-alcoholic beverages requirement, rising disposable income, and rising need for processed foods are marking the growth of this market.

By Material Type
		Aluminium
		Steel

By End-user Vertical
		Food
		Beverage
		Other End-user Verticals

Geography

North America
	United States
	Canada

Europe
	Germany
	United Kingdom
	Spain
	Italy
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	Rest of Asia-Pacific

Latin America
	Mexico
	Brazil
	Rest of Latin America

Middle-East & Africa
	South Africa
	Rest of Middle-East & Africa

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Key Market Trends

Canned Food Consumption to Drive the Market Growth

The growing trend in the canned food market is innovations in packaging. With an increase in demand for chemical-free canned foods, manufacturers are focusing on innovations in packaging. Many brands of canned food products have started offering food in BPA-free containers.
The demand for sealed and tamper-proof steel container food is high, as they protect food from harmful bacteria. Also, due to hectic and busy lifestyles of consumers, canned food is expected to gain more importance.
Canada has created a huge variety of products, ranging from ready-mixed frozen vegetables to concentrated fruit juices to frozen french fries. The demand for Canada's pre-packaged, fresh-cut fruits and vegetables has soared in recent years. Current trends are driving the development of new products with longer shelf life and excellent sensory and processing qualities and the Canadian industry are in continuous improvements in its manufacturing processes to provide customers with the safest, premium quality products.
Due to innovations in packaging, less preparation time and free from harmful bacteria, the canned food product is a good source of nutrients and will enhance the growth of metal can market in future.

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North America to Hold a Significant Share in the Market

Due to the rising demand for various healthy beverages, carbonated soft drinks, health drinks, and sucralose juices, North America is projected to positively impact the metal cans market demand over the forecast period. Also, industry growth is influenced by widespread promotional activities and research developments by various key players.
In the United States, the food and retail industry is the key source driving the demand for the product. The number of superstores and grocery stores in the country is increasing and the increasing number of smaller households is the key factor for the growth in the food and retail sector of the country. Thus, it is directing the demand for smaller packaging units.
The demand for metal cans has grown because of the lifestyle of people in the United States. People are busy with their hectic schedules, which gives them less time for cooking preparations and they prefer nutritious food that is ready-to-eat and can be prepared easily. Canned food serves this purpose by providing convenient packaging and ready-to-use food items. The growth of metal cans market will increase in future because of their ability to preserve the freshness and quality of food for a long time.

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Competitive Landscape

The metal cans market is highly fragmented, owing to the presence of various global and local industry player. Vendors in this market participate on the basis of product portfolio, differentiation, and pricing. Key players in the market are SKS Bottle & Packaging, Inc., Silgan Containers LLC, Ball Corporation, etc. Recent developments in the market are -

Jan 2019 - Ball Corporation introduced a new technology at the ADF&PCD exhibition in Paris in January 2019, an event for the aerosol, dispensing, perfume and cosmetic packaging community. The company introduced its 360° aerosol can, that brought another dimension to can contouring, using a process that allowed custom shaping, symmetrically or asymmetrically, up to the full circumference of the can, ultimately benefiting both, brand owners and end consumers.

Major Players

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1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Introduction to Market Drivers and Restraints
3. 4.3 Market Drivers
  1. 4.3.1 High Recyclability of the Packaging Due to Less Usage of Energy
  2. 4.3.2 Convenience and Lower Price Offered by Canned Food
4. 4.4 Market Restraints
  1. 4.4.1 Presence of Alternate Packaging Solutions as Polyethylene Terephthalate
5. 4.5 Industry Value Chain Analysis
6. 4.6 Industry Attractiveness - Porter's Five Force Analysis
  1. 4.6.1 Threat of New Entrants
  2. 4.6.2 Bargaining Power of Buyers/Consumers
  3. 4.6.3 Bargaining Power of Suppliers
  4. 4.6.4 Threat of Substitute Products
  5. 4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Material Type
  1. 5.1.1 Aluminium
  2. 5.1.2 Steel
2. 5.2 By End-user Vertical
  1. 5.2.1 Food
  2. 5.2.2 Beverage
  3. 5.2.3 Other End-user Verticals
3. 5.3 Geography
  1. 5.3.1 North America
    1. 5.3.1.1 United States
    2. 5.3.1.2 Canada
  2. 5.3.2 Europe
    1. 5.3.2.1 Germany
    2. 5.3.2.2 United Kingdom
    3. 5.3.2.3 Spain
    4. 5.3.2.4 Italy
    5. 5.3.2.5 Rest of Europe
  3. 5.3.3 Asia-Pacific
    1. 5.3.3.1 China
    2. 5.3.3.2 Japan
    3. 5.3.3.3 India
    4. 5.3.3.4 Australia
    5. 5.3.3.5 Rest of Asia-Pacific
  4. 5.3.4 Latin America
    1. 5.3.4.1 Mexico
    2. 5.3.4.2 Brazil
    3. 5.3.4.3 Rest of Latin America
  5. 5.3.5 Middle-East & Africa
    1. 5.3.5.1 South Africa
    2. 5.3.5.2 Rest of Middle-East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Ball Corporation
  2. 6.1.2 Ardagh Group
  3. 6.1.3 Mauser Packaging Solutions
  4. 6.1.4 Silgan Containers LLC
  5. 6.1.5 Crown Holdings Inc.
  6. 6.1.6 DS Containers Inc.
  7. 6.1.7 CCL Container Inc.
  8. 6.1.8 Toyo Seikan Group Holdings Ltd
  9. 6.1.9 Pacific Can China Holdings Limited
  10. 6.1.10 Universal Can Corporation
  11. 6.1.11 CPMC HOLDINGS Limited (COFCO Group)
  12. 6.1.12 Showa Denko KK
  13. 6.1.13 Independent Can Company
  14. 6.1.14 Hindustan Tin Works Ltd
  15. 6.1.15 Saudi Arabian Packaging Industry WLL (SAPIN)

*List Not Exhaustive

7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability