According to MarketsandMarkets, the food & beverage metal cans market is projected to reach USD 46.2 billion by 2028 from USD 33.0 billion by 2023, at a CAGR of 7.0% during the forecast period in terms of value. Metal cans are often used for the packaging of processed and ready-to-eat foods, and different types of beverages. These packaging materials are sustainable and prevent food from any sort of spoilage. There are different types of cans available based on their application and usage. For instance, 2-piece cans and 3-piece cans are used for packaging different food and beverages. Aerosols cans are used for whipping cream and oil sprays, etc. The trend of increased demand and consumption of processed foods fuels the demand for metal cans in food & beverage applications.
Key players in this market include Crown Holdings, Inc. (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CCL Container (US), Can Pick S.A (Poland), Kian Joo Group (Malaysia), CPMC Holding (China), Envases (Spain), Toyo Seikan Group Holdings, Ltd (Japan), Universal Can Corporation (Japan), Independent Can Company (US), VISY (Australia), Mauser Packaging Solutions (US), Lageen Food Packaging (Israel), Massilly Holdings S.A.S (France), P.Wilkinson Containers Ltd (UK), Kingcan Holdings Limited (China), Muller and Bauer GmbH (Germany), Jamestrong Packaging (Australia). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their global market presence.
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Crown Holdings, Inc., is one of the leading players in metal packaging technology. The company is segmented as American Beverage, European Beverage, European Food, Asia Pacific, Transit Packaging, and other operating segments. Crown Holdings is involved in designing, manufacturing, and selling metal packaging products for consumer goods, including beverage cans, food cans, transit packaging, and closures. Crown Holdings, Inc. has a global presence and a wide geographic reach. It operates through 241 manufacturing plants located in 47 countries. The company primarily operates its business under four geographic divisions, namely North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
Ball Corporation Ball Corporation is one of the leading suppliers of metal packaging for the beverage, food, household, paint, automotive, healthcare, and personal care industries. The company majorly operates through two segments, namely, packaging and aerospace. It provides various types of metal cans under its packaging segment, such as standard cans and specialty cans, for soft drinks and beer. It also provides beverage end cans and aerosol cans. The company majorly operates and supplies its products to numerous clients in North & Central America, Europe, Russia, Africa, the Middle East, Asia, and South America.
Silgan Holdings Inc. is a leading American company and a supplier of rigid packing for consumer goods products. The company operates through three business segments, namely, metal containers, closures, and plastic containers. It provides metal cans for food and beverages under its metal container segment. The company has a wide range of products, such as steel and aluminum containers, for humans, pet food, and general line products. The company’s manufacturing operations of metal containers business include cutting, coating, lithographing, fabricating, assembling, and packaging finished cans. Silgan Holdings Inc. has 44 metal container manufacturing facilities in different regions, such as the US, Europe, and Asia, serving over 50 countries across the world.
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 2028
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