Metal Cans Market Detailed Analysis and Growth Strategies, Regional Forecast 2028
Reports and Data's analysis reveals that the global Metal Cans Market was valued at USD 27.55 Billion in 2020, and it is expected to reach USD 43.42 Billion by 2028, with a CAGR of 5.80%. The market has experienced a surge in demand due to the growing preference for packaged food products worldwide. The busy lifestyles and demand for convenient food packaging have also contributed to this growth. Metal cans are widely used for packaging food and beverages due to their eco-friendly nature, safety regulations, and hygiene standards. They are used for packaging canned food items, pet food items, beverages, and others. The recycling attributes of metals and their ability to protect and ensure the safety of products are also driving factors for market growth. However, the chemical coatings applied to cans and beverages for anti-corrosion and material strength enhancement can be harmful if consumed in large quantities, which can restrain the market's growth. Additionally, the demand for lightweight and easy-to-use packaging solutions is driving the growth of flexible plastic options, which may hinder the demand for metal packaging.
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Major Companies:
Driving Factors and Restrain of Food & Beverage Metal Cans Market:
The food & beverage metal cans market is driven by various factors, including the growing demand for packaged food commodities globally, the need for convenient food packaging due to changing lifestyles, and the eco-friendly nature of metal cans, which falls under safety regulations and hygiene standards of the food and beverage packaging industry. Additionally, the recycling attributes of metals and their ability to protect and ensure the safety of products are also driving factors for market growth.
However, the use of chemical coatings on the inside of cans and beverages to prevent corrosion and enhance material strength can be harmful if consumed in large quantities, which is a major factor restraining the growth of the food & beverage metal cans market. Additionally, the demand for lightweight and easy-to-use packaging solutions is driving the growth of flexible plastic options, which may hinder the demand for metal packaging.
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Segments covered in the report:
On the basis of type, (Revenue, USD Million; 2020-2028, Volume, Million Units)
- 2-piece cans
- 3-piece cans
On the basis of material, (Revenue, USD Million; 2020-2028, Volume, Million Units)
- Aluminum cans
- Steel cans
On the basis of application, (Revenue, USD Million; 2020-2028, Volume, Million Units)
- Food
- Fruits & vegetables
- Convenience food
- Pet food
- Meat & seafood
- Other food products
- Beverages
- Alcoholic beverages
- Carbonated soft drinks
- Sports & energy drinks
- Other beverages
Regional Outlook (Revenue, USD Million; 2020-2028, Volume, Million Units)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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