Metal Can Market Analysis, Size, Share & Forecast 2024 to 2034

Metal Can Market Outlook 2024 to 2034

The metal can market share is estimated to show consistent growth throughout the forecast period, expanding at a CAGR of 2%. The metal can market value is expected to expand from USD 40.4 billion in 2024 to USD 49.3 billion by 2034.

Attributes	Key Insights
Estimated Metal Can Market Size (2024E)	USD 40.4 billion
Projected Metal Can Industry Value (2034F)	USD 49.3 billion
Value-based CAGR (2024 to 2034)	2%

Latest Trends and Key Highlights from the Metal Can Market Report

• Metal cans packaging is gaining wider popularity and demand owing to rising social, economic, and environmental concerns as well as growing environmental consciousness.
• Packaging can suppliers are expected to increasingly use aluminum to develop cans on a large scale shortly.
• Growing consumer knowledge about the use of non-carcinogenic elements in packaging is pushing the sales of metal cans.
• New uses of metal cans are coming to light, thanks to surging global demand for RTE foods and beverages, especially alcoholic and non-alcoholic drinks. The increasing desire for packaged food in developing countries is raising the use of metal packaging like cans.
• Cans are typically used to package food, cosmetics, paint, drinks, and other products. Some regional variations of metal can usage include oil packaging in the Asia Pacific except in Japan and non-food products like drugs, cosmetics, and industrial goods in the Middle East.
• The future of metal cans is driven by increasing investments in advancements and growing demand for healthy metal packaging. This results in packaging material that meets customer preferences and is ecologically sustainable.

Category-wise Metal Can Industry Insights

F-Style Steel Cans Acquire a Sizeable Market Portion

Leading Product Type	F-Style Steel Cans
Value Share (2024)	28.70%

Based on product type, F-style steel cans acquire a prominent market share of 28.70% in 2024. Key factors that are driving up the sales of F-style steel cans include:

• Increasing demand for F-style steel cans as they offer certain benefits in sustainability, like lightweight design and high recyclability. Thus, making it an environmentally friendly option as opposed to other materials.
• The F-style steel cans are designed for improved product protection and enhanced stackability. Thereby, making it suitable for certain products that are experiencing growing demand.

Steel to Enjoy a Massive Market Share

Leading Material Type	Steel
Value Share (2024)	45.50%

The steel material reigns the material type segment with an influential share of 45.50% in the global market. Factors that govern the segment growth are as follows:

• Growing global focus on sustainability is making steel cans an attractive option among end users. Steel cans boast of an excellent recycling rate.
• Constant innovations in the steel can technology to appreciate the shelf life of the contents and develop a more visually appealing product for customers is enhancing the competitiveness of steel cans in the market.

Metal Can Market Analysis by Country

Countries	Forecast CAGR (2024 to 2034)
The United States	0.7%
Germany	0.5%
China	3.30%
India	4.10%
Thailand	2.70%

Key Players in the United States are Investing in New Manufacturing Units

The United States metal can market is expected to be driven at a CAGR of 0.7% over the forecast period. Key factors that are propelling the market growth are:

• Fast-paced life and hectic schedules of American residents are pushing the sales of quick-to-prepare and ready-to-eat wholesome food that is packed in metal cans.
• Rising demand for metal can packs due to their capacity to preserve food for a prolonged period.
• Increasing vertical and horizontal integration by regional players. Ardagh Metal Packaging (AMP), for instance, acquired Hart Print, which is a Canada-based supplier of digital printed cans, in November 2021. AMP intends to increase its ability to serve the rapidly expanding, emerging customers with this acquisition.
• Rising metal can manufacturing facilities in the region to serve the mounting demand for aluminum cans. In September 2021, for instance, Ball Corporation officially declared that it would be constructing a new aluminum beverage packaging plant in the United States.

Surging Liquor Consumers in Germany Positively Impacting the Sales of Metal Cans

The metal can production in Germany is set to increase at a CAGR of 0.5% over the forecast period. Top factors that are motivating sales of metal cans include:

• Increasing appetite for alcoholic and non-alcoholic drinks is boosting the demand for metal cans.
• Top beer producers in Europe have their production base in Germany. Significant beer production and the rising population of liquor consumers in Germany are promoting the sales of metal cans in the country.
• Rising inclination for products packaged in sustainable packaging
• Accelerating demand for metal cans packaged in many application sectors.

Rising Demand for Small-size Packaging Formats to Propel Market Growth in China

The metal can market in China is projected to expand at a CAGR of 3.3% through 2034. Over the forecast period, key factors that are expected to fuel market growth are:

• Increasing population density and rising discretionary income of people living in China are raising the sales of packaged food products for their heightened convenience factor. This is promoting the demand for metal cans.
• Market players are raising their foothold in China by following different business strategies.
• Thriving industries in the country, such as chemical, food and beverage, cosmetics, pharmaceuticals, and other industries.
• Consumer trends, like emerging demand for multi-pack and small-size packaging formats, are also contributing to market growth.

Key Players in India to Ramp up their Manufacturing Capacity in Response to Increasing Demand for Canned Food

The India metal can market is estimated to record a CAGR of 4.1% over the forecast period. The given factors propel the market forward:

• A string of factors like robust urbanization, altering lifestyles of consumers in India, and transforming the packaging industry are contributing to market growth.
• Rising demand for metal cans, particularly in the food and beverage industry, as a result of increasing interest in canned food.
• Expanding production capacity of metal cans is projected to fuel market growth in India. In May 2022, for instance, Tata Tinplate, owned by Tata Steel, publicly declared that it is focusing on doubling the tinplate line capacity at its plant in Jamshedpur, India, by the year 2025. This is in response to expanding demand for its products and canned food.

Increasing Tourist Population to Contribute to Growth of Metal Can Market in Thailand

The Thailand metal can industry is anticipated to expand at a CAGR of 2.7% through 2034. The market is driven by:

• Rising geriatric population in Thailand is contributing to a heightened demand for ready-to-eat food products that come in convenient packaging.
• Companies in the metal can industry are acquiring food safety certification for metal sheets to support the food and beverage industry.
• Metal can business in Thailand is increasing owing to the growing tourist population as the packaging, mainly used in restaurants and hotels, offers a luxury aesthetic while being travel-friendly.
• The surge in the beverage sector in the country, especially energy drinks and beers, is stirred by the expanding middle-class population.

Competitive Landscape

Key players are magnifying their focus on improving the sustainability quotient associated with metal cans development. Industry participants are thus working with industry specialists to elevate their process efficiency and diminish their environmental impact simultaneously.

This can be achieved by strategies like technical expertise and sustainable product innovations, driven by in-depth knowledge of the manufacturing process.

Players are also investing in a team of in-house technical experts that periodically advise the manufacturing team on how to optimize the processes to attain sustainability goals by improving efficiency and minimizing water and energy consumption by deploying new technologies.

Industry participants are open to collaborating with food and beverage brands, pharmaceutical companies, and personal care firms to offer a broad technology portfolio and expertise in sustainable packaging.

Key players continue to offer multiple can sizes and formats, such as large family-sized food containers and single-serve beverages. This is expected to meet the requirements and preferences of a diverse customer base, thereby driving up sales.

Latest Developments that Took Place in the Metal Can Market

• Ardagh Metal Packaging (AMP), in October 2022, distributed aluminum cans for a new United States tequila-based ready-to-drink (RTD) cocktails under the line of Casa Azul Tequila Soda. The player is vying for a premium on-the-go market.
• In June 2023, Eviosys, a global packaging provider, introduced ‘Ecopeel’, which is a new metal food can packaging solution that features a peelable foil seal. The foil is sealed onto can’s body and replaces the conventional ring-pull opening system. This peelable seal is assessed to bring down the CO2 produced per can. Additionally, this solution has a 45-degree sealing surface and is easy to open, which translates to less requirement of force to open the can.

Key Coverage in the Global Metal Can Market Research Report

• Adjacent Study of Food and Beverage Metal Cans Market, Scandium Metal Market, Magnesium Metal Market, Metal Stamping Market, and Metal Furniture Market
• Regional Analysis of Metal Cans Market by Asia Pacific and Europe
• List of Metal Cans Suppliers Like Ardagh Metal Packaging, Toyo Seikan Group Holdings, Ltd., etc.

Manufacturers and Suppliers in the Metal Can Market

• Rexam PLC
• Silgan Containers LLC
• Kian Joo Can Factory Berhad
• Independent Can Company
• Trinity Holdings
• Berlin Packaging Company
• Crown Holdings, Inc.
• SKS Bottle & Packaging, Inc.
• Caira Can Company Limited
• Toyo Seikan Group Holdings, Ltd.
• Others

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type
  • 5.1. Aluminum
  • 5.2. Steel
  • 5.3. Tin
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Fabrication Type
  • 6.1. Two Piece Can
  • 6.2. Three Piece Can
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 7.1. Alcoholic Beverages
  • 7.2. Non-Alcoholic Beverages (Aerated and Non-Aerated Beverages)
  • 7.3. Processed Dairy Food Products
  • 7.4. Edible Oil
  • 7.5. Medicinal Tablets and Syrups
  • 7.6. Personal Care and Cosmetic Products
  • 7.7. Industrial Chemicals
  • 7.8. Other Processed Food Products
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
  • 8.1. Food & Beverages
  • 8.2. Pharmaceutical Industry
  • 8.3. Consumers Goods
  • 8.4. Chemical
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 9.1. North America
  • 9.2. Latin America
  • 9.3. Western Europe
  • 9.4. Eastern Europe
  • 9.5. South Asia and Pacific
  • 9.6. East Asia
  • 9.7. Middle East and Africa
• 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 17. Key Countries Market Analysis
• 18. Market Structure Analysis
• 19. Competition Analysis
  • 19.1. Rexam PLC
  • 19.2. Silgan Containers LLC
  • 19.3. Kian Joo Can Factory Berhad
  • 19.4. Independent Can Company
  • 19.5. Trinity Holdings
  • 19.6. Berlin Packaging Company
  • 19.7. Crown Holdings, Inc.
  • 19.8. SKS Bottle & Packaging, Inc.
  • 19.9. Caira Can Company Limited
  • 19.10. Toyo Seikan Co LTD
• 20. Assumptions & Acronyms Used
• 21. Research Methodology