DUBLIN--(BUSINESS WIRE)--The "Food & Beverage Metal Cans Market by Material (Aluminum and Steel), Type (2-Piece and 3-Piece), Degree of Internal Pressure (Pressurized Cans and Vacuum Cans), Application (Food and Beverages), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global food & beverage metal cans market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1%.
According to the publisher, the global food & beverage metal cans market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1%. Factors such as the growing demand for ready-to-eat snacks and canned food & beverages across the globe are associated with the growth of the metal cans market in the food & beverage industry.
By material, the aluminium segment accounted for the larger share in 2018.
The aluminium segment accounted for a major share in the global food & beverage metal cans market, on the basis of material, in 2018. Aluminium is majorly used as a raw material in the manufacturing of metal cans. Aluminium is a very cost-effective raw material used in the food & beverage industry and can customize the packaging with colours, 3D prints, and embossing. Due to its properties such as lightweight, impermeable, and high flexibility makes it optimal as a material for packaging, the segment accounted for a significant share in the food & beverage metal cans market.
By degree of internal pressure, the pressurized can segment in the food & beverage metal cans market is estimated to account for the larger share.
Based on the degree of internal pressure, the food & beverage metal cans market is segmented into pressurized cans and vacuum cans. The pressurized cans are estimated to account for the larger share for food & beverage metal cans market, because of their high usage in the beverage industry. Pressurized cans are light in weight and reduce the cost of logistics, therefore driving the market for beverage cans. These cans are suitable for the packaging of carbonated and non-carbonated beverages such as beer, wine, sports drinks, and fruit juices. Hence, the demand for pressurized cans is high in the beverage metal cans market.
North America accounted for the largest share in the food & beverage metal cans market, due to the higher acceptability and growing awareness toward sustainability issues.
The food & beverage metal cans market in the North American region is largely driven by growing consumer awareness toward environmental sustainability. North America is among the biggest consumers of aluminium cans and is mainly dominated by a large number of consumers for packaged food and beverages in the world. Strong investment in R&D and technological advancements are expected to have a positive impact on the domestic production of food & beverage metal cans in North America.
Market Dynamics
Drivers
- Recyclable Properties of Metal Cans
- High Nutritional Value, Extended Shelf Life, And Lower Prices of Canned Foods
- Convenience Factors Spurring Innovations in Can Manufacturing
Restraints
- Saturated Market Leads to Sluggish Demand in Developed Regions
- Move Toward Alternative Packaging Options
Opportunities
- Growing On-The-Go Snacking Trends And Portable Nature of Metal Cans
- Emerging Economies Offer High-Growth Potential
Challenges
- High Usage of Plastic For Packaging Due to Lower Cost
- Growth in the Trend of Biodegradable Packaging
Companies Profiled
- Crown Holdings, Inc.
- Ball Corporation
- Silgan Holdings Inc.
- Ardagh Group
- Can-Pack S.A
- Kian Joo Group
- Cpmc Holdings Limited
- Huber Packaging Group
- Ccl Container
- Toyo Seikan Group Holdings, Ltd.
- Universal Can Corporation
- Independent Can Company
- Visy
- Mauser Packaging Solutions
- Lageen Food Packaging
- Massilly Holding S.A.S
- P. Wilkinson Containers Ltd.
- Unimpack
- Muller And Bauer Gmbh
- Allied Cans
For more information about this report visit https://www.researchandmarkets.com/r/yg34kn
