The metal cans market is positioned to grow annually at a fairly moderate pace of 3.5% during the forecast period between 2018 and 2023. The global market is identified by Market Research Future (MRFR) to be driven by the proliferating use of cans in the F&B industry. Metal cans are used extensively over the years in the packaging of aerated and non-aerated beverages. Additionally, the growth of the market will also be influenced by the booming growth of the personal care products segment. The increasing demand of consumers concerning the use of non-carcinogenic packaging materials owing to the rising health consciousness and lightweight packaging is expected to create tremendous opportunities for the market.
However, at the same time, the increasing alternatives in packaging in the form of polyethylene and Polyethylene Terephthalate (PET) can pose to be a major deterrent to the overall growth of the market during the forecast period.
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The Global Metal Cans Market includes various prominent and leading players. MRFR identifies and reports some of the same as Kian Joo Can Factory Berhad (Malaysia), The Cary Company (the U.S.), Crown Holdings, Inc. (the U.S.), Independent Can Company (the U.S.), Rexam Plc (the U.K.), HUBER Packaging Group GmbH (Germany), Kaira Can Company Limited (India), Silgan Containers LLC (the U.S.), SKS Bottle & Packaging, Inc. (the U.S.), Berlin Packaging (the U.S.), Ball Corporation (the U.S.), Allstate Can Corporation (the U.S.), Ardagh Group S.A. (Luxembourg), CPMC Holdings Limited (China), Allied Cans Limited (Canada), and others.
Jan 30th, 2019, Ardagh announced that it has upgraded its 3D studio for metal packaging artwork for cans, easy open lids, and easy peel.
The global metal cans market segmentation is based upon the following components: type, material, and application.
By material type, the market includes steel, aluminum, and tin. Amongst these, the aluminum segment is the major holder of market and is expected to dominate the field at least till the ongoing forecast period. The positioning of the segment at the top of the chain can be attributed to the rising use of aluminum for the purpose of metal can packaging by various companies. This is because aluminum is both lightweight and non-reactive to any or every kind of food and beverages.
By type, the market segments into two piece metal can and three piece metal can. The two piece metal can segment was the leader of this market category as per the 2016 study. In the forthcoming years, the segment is projected to grow at the fastest pace and maintain its leading position over three piece metal can. The striking lead of the segment can be owed to two piece metals being easy to manufacture, is convenient for transportation and storage, and is highly durable. This acts as a major factor behind the growth of the segment.
By application, the market divides into beverages, food, and others. Herein, the beverages segment hold the leading position as per the 2016 conducted market study. The segment is anticipated to grow with the fastest CAGR during the forthcoming years of the forecast period. This is due to its high-end application for the packaging of alcoholic & non-alcoholic drinks and aerated & non-aerated beverages.
The global metal can packaging geographical segmentation is based upon four major regions, namely Asia Pacific, Europe, North America, and Rest of the World (RoW).
The market is geographically dominated by both the European and the North American regions. This is due to the high consumption rate of metal cans in the F&B industry therein. However, at the same time, both the region is expected to experience lackluster growth due to the availability of alternative means of packaging.
The Asia Pacific market is, however, anticipated to garner the highest growth rate during the forecast period. The region’s growth is primarily inclined towards the fast-paced consumption of end-use industries. Asia Pacific is at present experiencing monumental industrial growth by setting up new manufacturing hubs by global OEMs. This is due to the availability of raw materials herein at comparatively cheaper rates than the other covered regional markets.
The Rest of the World (RoW) region comprising of Latin America and the Middle East and Africa is projected to attain a steady phase of growth in the forthcoming years owing to the rising application of metal cans in the food & beverage industry of major economies in the region.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain of Global Metal Cans Market
List of Tables
Table 1 World Population by Major Regions (2015 to 2030) (Million)
Table 2 Global Metal Cans Market: by Region, 2014-2022 (Usd Million)
Table 3 Global Metal Cans Market: by Region, 2014-2022 (Kt)
Table 4 North America Metal Cans Market: by Country, 2014-2022 (Usd Million)
Table 5 Europe Metal Cans Market: by Country, 2014-2022 (Usd Million)
Table 6 Asia-pacific Metal Cans Market: by Country, 2014-2022 (Usd Million)
Table 7 Row Metal Cans Market: by Country, 2014-2022 (Usd Million)
List of Figures
Figure 1 Global Metal Cans Market Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Metal Cans Market
Figure 4 Value Chain of Global Metal Cans Market
Figure 5 Share of Global Metal Cans Market in 2014, by Country (in %)
Figure 6 Global Metal Cans Market, 2015-2022, (Usd Billion)
Figure 7 Sub-segments of Global Metal Cans Market
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