Cans Market

Cans Market Outlook (2023 to 2033)

The global cans market size is estimated to reach USD 36.99 billion by 2023. Can manufacturers can expect a CAGR of 3.9% from 2023 to 2033. The cans market size is projected to reach USD 54.23 billion by 2033.

Global Cans Market at a Glance:

• Increased consumption of processed foods & drinks, improvement in product shelf life, and rising disposable income are some key factors projected to compel the demand for cans over the forecast period.
• FMI analysis indicates that aluminum cans are the most reliable products, and the segment held almost 3/4th of the share in the global cans industry in 2023. Aluminum cans are mainly used as beverage cans, attributable to their lightweight nature and ability to withstand internal pressure generated by carbon dioxide.
• By end use, the beverages segment is expected to remain at the forefront and exhibit a growth of 4.0% during the forecast period. Beverage cans are ideal for large gatherings since they are less likely to spill or tear during transportation. These cans are fully light-proof, which helps in protecting the quality of light-sensitive beverages.
• Developing countries like China and India cumulatively accounted for 36% of the market share in 2023 and are expected to showcase a CAGR of 4.9% during the forecast period. Growth is attributed to increasing awareness about sustainability and the rise in new product launches by key companies in these countries.

Cans Industry (From 2018 to 2022)

Attribute	Details
CAGR	2.5%
Market Size - 2018	USD 32.69 billion
Market Size - 2022	USD 36.09 billion

Cans Industry (From 2023 to 2033

Attribute	Details
CAGR	3.9%
Market Size - 2023	USD 36.99 billion
Market Size - 2033	USD 54.23 billion

From 2018 to 2022 Global Cans Demand Outlook Compared to Forecast Period Between 2023 and 2033

The global cans market exhibited a growth of 2.5% between 2018 and 2022.

• Key Cans Market Insights (2018 to 2019): Initially, glass bottles were considered to be the most convenient packaging option by end users. Since the last decade, product safety has become a key concern of consumers, as glass bottles are delicate and have a high risk of accidental breakage in case of mishandling.
• Can Sales Trends (2019 to 2020): Expanding utilization of cans in various end-use sectors such as beverages, pharmaceuticals, cosmetics and personal care is anticipated to boost the market, and the historic period witnessed the entry of multiple market players and product innovations.
• Cans Market Growth Factors (2021 to 2022): Utilization of cans among end users significantly increased in the past decade, attributed to the urgent need to minimize the inclusion of over-sized and excess material-based packaging formats.

Cans are available in various sizes for single-time beverage consumption or bulk storage of health supplements and baby food. As per the consumer survey conducted by FMI’s analyst, nearly 78% of end users, including beverage, food, pharma, and homecare product manufacturers, shifted to cans from traditional packaging options.

The consumer inclination towards hygiene and high-barrier packaging formats is expected to push the cans market across various regions. As it can protect the product from numerous environmental factors and provide spill-proof packaging, most end users consider them ideal packaging solutions for liquid and powdery products. Besides, aluminum, tin/steel, or plastic cans are tamper-proof and offer good resistance against sudden impacts & damage during material handling and transportation.

Leading Trend Stimulating Cans Sales

Soaring Demand for Recyclable Packaging Solutions

Single-use plastic bottles, which are challenging to recycle, are shown to be the most popular beverage package type. Government agencies are forced to outlaw single-use plastic products due to rising pollution and global warming.

As per the Maine Department of Environmental Protection, companies can have an aluminum can back on store shelves as a brand-new can in as little as 60 days of being recycled. The cans manufacturers are considering aluminum cans as a potential replacement for single-use plastic bottles to reduce their negative environmental effects. These cans can be recycled indefinitely without compromising the quality of the product.

The global cans market is expected to witness significant growth in the next decade due to the increasing demand for recyclable, reusable, and sustainable packaging solutions.

Category-wise Outlook

Aluminum Reigns Supreme as the Preferred Material in the Cans Industry

By material type, the aluminum segment is set to generate a market share of 78% in the upcoming decade. Aluminum cans are highly durable and light in weight, as compared to tin and steel cans. These cans do not rust, are resistant to corrosion, easy to fill, and can withstand pressure without rupturing. Aluminum cans provide 100% protection against oxygen, light, moisture, and other contaminants.

Aluminum cans package a wide range of food and beverage products. They are also utilized in other packaging applications, including aerosol products, paint, cosmetics, and pharmaceuticals. The segment is expected to observe an incremental growth of 1.5x during the forecast period in the global cans market.

Beverages Segment to Spearhead the Significant Share in the Cans Industry

High Demand for Non-alcoholic Beverages to Spur Growth in the Market

Based on end use, the beverages segment accounted for the considerable cans market share in 2023 and is poised to maintain its dominance during the forecast period. As per FMI, the beverages segment is expected to accelerate at a CAGR of 4.5% in the global cans business during the forthcoming years.

Growth is attributed to the launch of new sports drinks & fruit juices, rising consumption of non-alcoholic products, and surging demand for low-calorie beverages globally.

Cans Capacity with 201 to 750 ml Garner Significant Sales

As per FMI, the 201-750 ml segment is set to remain at the forefront in the global cans market from 2023 to 2033. These cans are extensively used across the globe owing to the rising inclination of consumers towards portion packs and packaging with easy handling.

Country-wise Outlook

Key Country	China
Market Status	China cans market is expected to garner a share of 19.8% through 2033.
Country-wise Insights	High demand for ready-to-cook food in China to drive sales of metal cans.
Comments	Dairy, savory snacks, and noodles are the top packaged food categories for increasing value sales. China is the second-leading processed agri-food and seafood importer, representing USD 75.8 billion in 2020. Growing demand for easy-to-cook food items among young urban consumers is also expected to boost the cans industry in China. Preservation of quality and taste of packed food creates demand for cans, owing to its good barrier against light and oxygen.

Key Country	United States
Market Status	In 2023, the United States cans market size is USD 6.10 billion. As per FMI, the United States cans demand is expected to accelerate at a CAGR of 3.9% during the forecast period and reach a valuation of USD 8.94 billion by 2033.
Country-wise Insights	Demand for beverage cans surges in the United States with the presence of leading manufacturers.
Comments	The United States is home to some world's most renowned can manufacturers, such as Ball Corporation. The company is well known for primarily manufacturing glass jars, lids, and related goods used for home canning. The first-ever aluminum stewardship initiative (ASI) and chain of custody standard-approved beverage containers were released jointly by Ball Corporation and Damm in March 2021. Crown Holdings, Inc., formerly Crown Cork & Seal Company, is another leading player in the metal packaging industry based in the United States. It specializes in beverage & food cans, aerosol containers, closures, and specialty packaging. Since its inception, it has witnessed significant growth in additional facilities.

Key Country	United Kingdom
Market Status	The United Kingdom is likely to hold a market share of 9% through 2033.
Country-wise Insights	The booming cans industry, owing to the trending waves of convenience food in the United Kingdom
Comments	The cans market in the United Kingdom has grown significantly, owing to factors like convenience, sustainability, and packaging technological advances. Cans are lightweight, portable, and recyclable containers for beverages and food. Their popularity has grown due to the trend toward eco-friendly options and the convenience of on-the-go consumption. This tendency has increased manufacturer rivalry, resulting in diversified goods, inventive designs, and efficient distribution networks. The United Kingdom cans industry may continue expanding as customers value sustainability and convenience, making cans popular for businesses and environmentally conscientious people.

Cutting-edge Strategies to Skyrocket the Cans Industry

The cans manufacturers can employ various marketing tactics to promote their products effectively.

Here are the leading tactics the cans manufacturers can regard-

Content Marketing and Educational Resources

The cans manufacturers should produce valuable and educational information regarding the advantages of using cans, their environmental benefits, recycling procedures, and diverse applications. They may engage new customers by establishing their brand as an industry authority.

Social Media Campaigns

Cans manufacturers must use social media channels to promote their goods, disseminate user-generated material, and launch interesting campaigns. Cans' aesthetic and useful qualities can be best displayed on visual websites like Instagram and Pinterest. They can target particular demographics or businesses by running tailored advertising on websites like Facebook and LinkedIn.

Innovative Packaging Design

Cans manufacturers invest in packaging designs that are distinctive on store shelves and environmentally beneficial. To attract eco-aware customers, use contemporary and sustainable design features. Using unique packaging can leave a lasting impression and promote word-of-mouth advertising.

Collaborations and Partnerships

To increase the reach of manufacturers, team up with other companies or influencers. Cans manufacturers can reach their customer base and identify with shared values by partnering with eco-friendly or similar companies. Influencers can offer sincere recommendations and reviews, which raises the legitimacy of a brand's product.

Trade Shows and Industry Events

Showcase your cans at pertinent trade shows, exhibits, and industry events to meet new clients, distributors, and partners. Cans manufacturers can showcase the quality of their products on these occasions while networking with influential people and learning important industry insights.

The target market, financial constraints, and overarching marketing plan of the cans manufacturer may all impact these strategies' efficacy. They must adjust their approach to fit the needs and tastes of potential customers in the cans market.

Competitive Landscape

Leading cans manufacturers are increasing their production capacity to meet the growing demand for aluminum cans across food, beverages, personal care & cosmetics, pharmaceuticals, and paints & lubricants industries.

Meanwhile, other pivotal cans manufacturers are expanding their product portfolios to cater to the growing demand for aluminum cans in various industries.

Vital Cans Manufacturers

• Ball Corporation,
• Mondi Group,
• Novelis Inc.,
• Crown Holdings, Inc.,
• Silgan Holding Inc.
• Ardagh Group S.A
• Orora Packaging Australia Pty. Ltd.
• The Olayan Group
• Ardagh S.A.
• Canpack
• CPMC Holdings Ltd.
• Bangkok Can Manufacturing
• Nampak Ltd.
• Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
• Kian Joo Can Factory Berhad
• Swan Industries (Thailand) Company Ltd.
• GZ Industries Ltd.
• Toyo Seikan Co., Ltd.
• Envases Group

Recent Advancements

Company	Ball Corporation
Strategy	Launch
Details	In February 2021, Ball Corporation, a supplier of aluminum packaging, started offering spring water in aluminum beverage cans created by Responsible Whatr, a home-grown brand. When packaged in aluminum cans, pure water does not lose its freshness when exposed to light or heat.

Company	Beiersdorf
Strategy	Partnership
Details	In June 2021, Beiersdorf teamed up with Swiss packaging company Nussbaum to create aerosol cans made entirely of post-consumer recycled aluminum. The revolutionary aerosol packaging took a year to develop as it was made completely of repurposed beverage cans.

Can Manufacturers Scale Up Production and Enhance Sustainability

Ball, Mondi, and Novelis Might Show the Way

In an era of on-the-go cravings, can manufacturers are cranking up production to satisfy pouring demand. Yet, they dance in step with eco-conscious hearts, determined to keep our planet as crisp as their cans. Refreshing convenience meets responsible innovation!

Ball Corporation, a leading can manufacturer, is investing USD 50 million in a new plant in Peru with a production capacity of more than 1 billion beverage cans a year. Operation of the plant to begin in 2023, allowing the company to serve better the growing packaging market in Peru and neighboring countries.

Located in a 95,000 square meter area in Chilca, Ball's operation offers more than 100 direct and 300 indirect new positions, thanks to an investment dedicated to producing multi-size aluminum cans.

Ball Corporation announced that it invested USD 290 million over multiple years into developing a new aluminum beverage packaging plant. The plant creates a wide range of can sizes and began production in late 2022. It may generate nearly 180 manufacturing jobs when it's fully operational.

The company is committed to meeting its sustainability objectives. It is partnering with leading firms with expertise in this space to achieve this.

• For instance, in April 2022, Ball announced that it partnered with Recycle Aerosol LLC to increase the recycling rates of aluminum aerosol cans in the United States. In line with the global transition to a truly circular economy, Ball is committed to building strategic partnerships to help the industry move toward a world where materials can be used repeatedly.

Mondi Group, another leading business in can manufacturing, is ramping up its sustainability initiatives. It announced the opening of a laboratory in Frantschach, Austria, which aims to test how its paper-based products perform in large-scale recycling mills.

Mondi says it may specifically test how non-paper components such as barrier coatings, added to packaging for applications like perishable foods to enhance barrier functionality, may impact recyclability.

On the other hand, Novelis is validating being a socially responsible company by bagging the required certificates and approvals.

• For instance, the company announced that it had been awarded Performance Standard Certifications from the Aluminum Stewardship Initiative (ASI) for its 14 scrap collection centers in Brazil. This achievement recognizes Novelis' responsible manufacturing practices by ASI.

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
  • 5.1. Aluminum
  • 5.2. Steel/Tin Plated
  • 5.3. Plastic
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity
  • 6.1. Up to 200 ml
  • 6.2. 201 – 750 ml
  • 6.3. More than 750 ml
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
  • 7.1. Food
  • 7.2. Beverages
    • 7.2.1. Alcoholic Beverages
    • 7.2.2. Non-alcoholic Beverages
  • 7.3. Healthcare
  • 7.4. Cosmetics & Personal Care
  • 7.5. Homecare Products
  • 7.6. Paints & Lubricants
  • 7.7. Others
• 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 8.1. Introduction
  • 8.2. North America
  • 8.3. Latin America
  • 8.4. Western Europe
  • 8.5. Eastern Europe
  • 8.6. South Asia and Pacific
  • 8.7. East Asia
  • 8.8. Middle East and Africa
• 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Ball Corporation
  • 18.2. Mondi Group
  • 18.3. Novelis Inc.
  • 18.4. Crown Holdings, Inc.
  • 18.5. Silgan Holding Inc.
  • 18.6. Ardagh Group S.A.
  • 18.7. Orora Packaging Australia Pty. Ltd.
  • 18.8. The Olayan Group
  • 18.9. Ardagh S.A.
  • 18.10. Canpack
  • 18.11. CPMC Holdings Ltd.
  • 18.12. Bangkok Can Manufacturing
  • 18.13. Nampak Ltd.
  • 18.14. Mahmood Saeed Beverage & Ends Industry Company Ltd.
  • 18.15. Kian Joo Can Factory Berhad
  • 18.16. Swan Industries (Thailand) Company Ltd.
  • 18.17. GZ Industries Ltd.
  • 18.18. Toyo Seikan Co., Ltd.
  • 18.19. Envases Group
• 19. Assumptions & Acronyms Used
• 20. Research Methodology