Metal Cans Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Metal Cans Market is segmented by Material Type (Aluminium, and Steel), End-user Vertical (Food, Beverage, Other End-user Verticals), and Geography.

Market Snapshot

Metal Cans Market Overview
Study Period: 2018-2025
Base Year: 2020
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 2020 and is expected to reach USD 61.37 billion by 2026, registering a CAGR of 2.23% over the forecast period (2021 - 2026). 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.
  • Owing to the increasing consumption of both alcoholic and non-alcoholic beverages, such as beer and carbonated drinks, in the European region, there is significant demand for metal cans in the region. According to Brewers of Europe, in 2018, the volume of beer produced in Europe was 421,721 thousand hectoliters. Also, according to the can makers, approximately 9.7 billion beverage cans are shipped each year from the United Kingdom can manufacturing plants.
  • Moreover, consumer trends, such as a preference for small-size and multi-pack packaging formats, are also supporting volume growth of the metal cans market in the region. For instance, in July 2019, Ardagh launched European-first 187ml slimline wine can, claiming it was the first European slimline can for beverage packaging.
  • 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.
  • in response to the COVID-19 pandemic's impact on demand, European steelmakers have swiftly reduced supply, with the first-quarter production falling 10% year over year. Also, the non-ferrous metals industry is a key supplier of essential value chains, including food packaging. COVID-19 is causing significant and growing economic impacts on the European non-ferrous metals sector, caused by major demand reduction in key-value chains, supply disruptions, and transport difficulties.

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 Can Type
Food
Vegetable
Fruits
Pet Food
Other Food Types
Beverage
Alcoholic Beverage
Non Alcoholic Beverage
Aerosols
Paints and Varnishes
Cosmetic and Personal Care
Pharmaceuticals
Other Industrial Aerosol Cans
Other Can Types
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
Australia
China
India
Japan
Rest of Asia Pacific
Latin America
Middle East and 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.
Metal Cans Market Growth

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.
Metal Cans Market Share

Competitive Landscape

The metal cans market is highly fragmented, owing to the presence of various global and local industry players. 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 -

  • January 2020 - Ardagh Group announced its purchase of a facility in Huron, Ohio facility to start manufacturing its metal cans and has planned to start production in late 2020. The company has aimed to produce beverage cans in multiple sizes for a variety of categories, including sparkling water, soft drinks, teas, and alcoholic beverages.

Recent Developments

  • July 2020 - Can-Pack SA extended its partnership with Specjal, a regional beer brand in north Poland. With the extended partnership, the company will provide new designs for its customer to indicate the regional provenance of every key aspect of the beer for Specjal. The new design also includes icons of Regional brewery, Regional Malt House, Regional Barley, Regional Can, and Regional printing House. 
  • August 2019 - Ball Corporation entered into an agreement with Envases del Plata SA, an Argentinian metal packaging company, to sell its tinplate steel aerosol packaging facilities in Garin and San Luis, Argentina. Post-closing, the company has mentioned continuing to serve the growing demand for sustainable aluminum aerosol containers from its eight facilities located in Canada, Czech Republic, France, India, Mexico, the United Kingdom, and the United States.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 High Recyclability of the Packaging Due to Less Usage of Energy

      2. 4.2.2 Convenience and Lower Price Offered by Canned Food

    3. 4.3 Market Restraints

      1. 4.3.1 Presence of Alternate Packaging Solutions as Polyethylene Terephthalate

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material Type

      1. 5.1.1 Aluminium

      2. 5.1.2 Steel

    2. 5.2 By Can Type

      1. 5.2.1 Food

        1. 5.2.1.1 Vegetable

        2. 5.2.1.2 Fruits

        3. 5.2.1.3 Pet Food

        4. 5.2.1.4 Other Food Types

      2. 5.2.2 Beverage

        1. 5.2.2.1 Alcoholic Beverage

        2. 5.2.2.2 Non Alcoholic Beverage

      3. 5.2.3 Aerosols

        1. 5.2.3.1 Paints and Varnishes

        2. 5.2.3.2 Cosmetic and Personal Care

        3. 5.2.3.3 Pharmaceuticals

        4. 5.2.3.4 Other Industrial Aerosol Cans

      4. 5.2.4 Other Can Types

    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 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Spain

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 Australia

        2. 5.3.3.2 China

        3. 5.3.3.3 India

        4. 5.3.3.4 Japan

        5. 5.3.3.5 Rest of Asia Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East and Africa

  6. 6. COMPETITIVE INTELLIGENCE

    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)

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Metal Cans Market market is studied from 2018 - 2025.

The Metal Cans Market is growing at a CAGR of 2.23% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Ardagh Group S.A., Silgan Containers LLC, Ball Corporation, Crown Holdings Inc., MAUSER Group are the major companies operating in Metal Cans Market.

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