The global food & beverage metal cans market was valued at USD 27.55 Billion in 2020 and is projected to grow at a CAGR of 5.80% from 2020 to reach USD 43.42 Billion by the year 2028. A can is a manufactured product in the food & beverage industry consisting of any material or material combination, used to present, store, protect, handle, and distribute edible goods, from raw materials to finished products, in every phase of the distribution chain. Packaging has changed with time in response to the following social factors such as population, growth, urbanization, necessity to avoid food deterioration and loss, mounting awareness about hygiene, consumption of more natural foods, and environmental decline. Food & beverage metal cans were the most consumed product due to long-term preservation property of the metal can and high-temperature sterilization for food packaging. However, the corrosion effect associated with tin when in contact with acidic fruits and foods is anticipated to restrict the food & beverage metal cans industry growth. These properties, together with constant innovation and technological evolution, have extended the application of metallic materials to all food products. However, they are best suited for the packaging of preserves, juices, and carbonated beverages.
In reality, the shelf life of a food & beverage metal cans is limited because of physicochemical changes in foods, such as loss of nutrients (vitamins, proteins, etc.) or sensorial deterioration (aroma, flavor, etc.). However, most changes caused in food & beverage metal cans is by food/container interactions that slowly but continuously modify product quality. The consequences of metal corrosion can be multiple and diverse.
Asia-Pacific is anticipated to be the rapidly growing market for food & beverage metal cans due to booming economy with a large population base ready to spend on processed food & beverages, and rapidly growing consumer markets Also, at the time of rising demand and promising growth prospects in Myanmar in 2017, Kian Joo Group, the largest packaging business in ASEAN, invested in a packaging plant in the Thilawa(Myanmar) Special Economic Zone (SEZ). Tax incentives and the labor market in Thilawa are a supportive atmosphere for a new setup. Geographically, the SEZ is close to the port, which is essential for the business because most of the raw materials have to be imported. Thilawa is managed by a one-stop service center which is located in the SEZ, which helps to cut the paperwork for investors.
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Further key findings from the report suggest
- Tin-plated steel is broadly used beverage metal cans for packaging of alcoholic beverages, carbonated soft drinks (CSD, herbal teas and coffees, and fruits & vegetable juices.
- Food metal cans of food & beverage metal cans market were one of the most consumed products, accounting for 18.2% of market share in 2020. Metal cans offer advantages, including long-term preservation and high-temperature sterilization for food packaging. Nevertheless, the corrosion effect associated with tin when in contact with acidic fruits and foods is predictable to restrict food metal cans industry growth in the near future.
- The Asia Pacific is experiencing rapid growth in food & beverage metal cans market over the forecast timeline with a CAGR of about 4.5%. Snowballing disposable income, availability of an extensive range of beer at variable costs, and influence of western culture is predictable to increase beer demand in Asia. Furthermore, rising beer consumption by the younger population is likely to be one of the primary factors contributing to the rise in beer consumption in the region which is ultimately favoring food & beverage metal cans market
- The key players in the food & beverage metal cans market are Crown Holdings, Inc. (U.S.), Ball Corporation (U.S.), Silgan Holdings Inc. (U.S.), Ardagh Group (Luxembourg), and CAN-PACK S.A. (Poland). Other players include Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Kingcan Holdings Limited (China), Tetra Laval International S.A. (Switzerland), and HUBER Packaging Group GmbH (Germany).
- Region-wise, the global food and beverages metal cans market is segmented into Europe, North America, Asia Pacific, and the Rest of the World. Strengthening its core business in the Europe Market, HUBER Packaging Group (Germany) has successfully acquired the CROWN chemical-technical tinplate packaging facilities in Switzerland (Aesch), Finland (Helsinki), Great Britain (Liverpool) in April 2015, this acquisition created an efficient platform for the consumers and will encourage the consolidation of the European tinplate packaging market also with the opening of competence center in Switzerland, a second mainstay that will be worthwhile in the future. Also, focusing on developing economies such as Japan, India, and China are expected to have rapid market growth food and beverages metal cans industry due to the cut down on labor costs and the increasing youth population in the region.
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Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Reports and Data have segmented the food & beverage metal cans market on the basis of type, material, application and region:
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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