The global cans market size is estimated to reach US$ 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 US$ 54.23 billion by 2033.
The cans market is a sector within the packaging industry that focuses on the production and distribution of metal cans used for packaging various products. Cans are widely used for packaging food and beverages, such as carbonated drinks, beer, canned fruits, vegetables, and processed foods. They are also utilized for packaging non-food items like chemicals, paints, and aerosols.
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Cans are typically made from aluminum or steel, with each material offering unique properties and benefits. Aluminum cans are lightweight, recyclable, and have excellent barrier properties, which help to preserve the freshness and quality of the packaged products. Steel cans, on the other hand, are more robust and are commonly used for products that require a higher level of protection, such as canned goods with higher acidity levels or those subject to extreme temperatures during processing.
The Key Players Are-
- 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.
- others
The cans market has witnessed steady growth due to several factors. Firstly, the convenience and portability offered by cans make them a popular choice for consumers. Cans are lightweight, easy to open, and require no additional tools for consumption. They are also stackable, allowing for efficient storage and transportation.
Global Cans Market Outlook By Category
By Material Type:
- Aluminum
- Steel/Tin Plated
- Plastic
- Paper Composites
By Capacity:
- Up to 200 ml
- 201 – 750 ml
- More than 750 ml
By End Use:
- Food
- Beverages
- Alcoholic Beverages
- Non-alcoholic Beverages
- Healthcare
- Cosmetics & Personal care
- Homecare Products
- Paints & Lubricants
- Others Consumer Goods (Gifts, Toys, Merchandizing, etc.)
Furthermore, cans are highly sustainable and environmentally friendly. Both aluminum and steel cans are infinitely recyclable, meaning they can be recycled repeatedly without losing their properties. Recycling cans helps conserve resources, reduce energy consumption, and minimize waste.
The market for cans is influenced by changing consumer preferences and trends. Manufacturers are introducing various sizes, shapes, and designs to cater to the evolving needs of consumers. Additionally, there is a growing demand for lightweight cans that minimize environmental impact and reduce transportation costs.
In conclusion, the cans market plays a vital role in the packaging industry, providing a reliable and sustainable solution for the storage and transportation of various products. Cans offer convenience, protection, and sustainability, making them a preferred choice for both consumers and manufacturers. With ongoing advancements in materials, designs, and recycling technologies, the cans market is expected to continue growing in the coming years.
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