IMARC Group, a leading market research company, has recently releases report titled “Metal Cans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global metal cans market size reached US$ 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.5% during 2023-2028.
Industry Overview of Metal Cans
Metal cans are cylindrical containers usually made from steel or aluminum, which are corrosion-resistant and durable materials. They feature airtight sealing mechanisms, such as pull-tabs or easy-open ends, to maintain product freshness and prevent contamination. They are available in various sizes, which include small beverage cans and large industrial containers, making them versatile for different applications. They are highly recyclable, reducing environmental impact and conserving resources. Their uniform shape allows for easy stacking, optimizing storage and transportation efficiency. They provide an excellent barrier against moisture, light, and oxygen, ensuring the long-term freshness and shelf life of the contents. They offer robust protection against physical damage, making them suitable for rugged packaging products. They can easily print branding and product information on the exterior, enhancing product visibility and marketing. They are widely used for packaging canned fruits, vegetables, soups, and meats, offering extended shelf life and preserving nutritional value. Besides this, they are also utilized for aerosol products, such as sprays, deodorants, and paints, due to their ability to maintain pressure and dispense contents effectively.
Request Sample Copy of This Report: https://www.imarcgroup.com/metal-cans-market/requestsample
What are the growth prospects and trends in the metal cans industry?
The increasing awareness among the masses about the importance of sustainable packaging solutions represents one of the primary factors catalyzing the demand for metal cans. Additionally, the expansion of the food and beverage (F&B) industry is offering a favorable market outlook. Along with this, the expanding working population and busy lifestyles of individuals are driving the demand for canned foods, including fruits, vegetables, and ready-to-eat (RTE) meals.
Apart from this, the pharmaceutical industry is increasingly using metal cans for packaging medicines and vitamins, further bolstering the market growth. Moreover, the continuous rise of craft beverages, including craft beer and artisanal soft drinks, which prefer aluminum cans for their portability, freshness, and recyclability, is strengthening the growth of the market.
Furthermore, manufacturers are constantly improving the manufacturing processes of metal cans, making them lighter, more durable, and cost-effective. Advanced printing and labeling techniques are also enhancing branding and aesthetics on the cans, which is attracting a wider consumer base.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material Type:
- Aluminium
- Steel
- Tin
Breakup by Fabrication:
- Two Piece Metal Can
- Three Piece Metal Can
Breakup by Can Type:
- Food
- Vegetable
- Fruits
- Pet Food
- Others
- Beverages
- Alcoholic Beverage
- Non-Alcoholic Beverage
- Aerosols
- Paints and Varnishes
- Cosmetic and Personal Care
- Pharmaceuticals
- Others
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Amcor plc, Ardagh Group S.A., Ball Corporation, CPMC Holdings Limited, Crown Holdings Inc., Hindustan Tin Works Ltd., Independent Can Company, Kian Joo Can Factory Berhad (Can-One Berhad), Mauser Packaging Solutions, Silgan Containers LLC (Silgan Holdings Inc.), Sonoco Products Company and Toyo Seikan Group Holdings Ltd.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
About Author
