During the last century, metal underwent various development stages that resulted in changes in the form of cans shapes, size, weight, and applications. In recent times, metal cans have been steadily losing market share to PET (Polyethylene Terephthalate) bottles and HDPE (High Density Polyethylene), especially in food and beverages. However, with growing environmental concerns regarding plastic waste management and energy consumption, metal cans are once again coming into focus as sustainable packaging solutions for food and beverages.
The global market for food and beverage metal cans was estimated at 329,357 million cans in 2010 and is expected to reach 385,547 million cans in 2016, growing at a CAGR of 2.83% from 2011 to 2016. North America and Europe are the leading consumers of food and beverage metal cans. However, both these markets are saturated and are expected to grow at a meager CAGR of 1.96% and 2.08% from 2011 to 2016, in terms of volumes respectively. Asia-Pacific, which accounted for 24.0% of the market in 2010, is expected to be the fastest growing market and is estimated to grow at a CAGR of 4.35% from 2011 to 2016, in terms of volumes.
The food and beverage metal cans market is dominated by beverages which accounted for 74.0% of the market in 2010. The current market is quite dynamic with participants constantly expanding their geographic presence or their product lines. Some key market participants include Ball Corporation (U.S), Crown Holdings (U.S), Rexam PLC (U.K), Toyo Seikan Kaisha Ltd. (Japan) and so on.
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