Metal Cans Market Size: Synopsis

The key drivers for the growth of the Metal Cans Market Size are increasing demand for aerated and non-aerated beverages, increasing consumer demand for light weight packaging and increasing health awareness regarding use of non-carcinogenic packaging materials. Metal cans are widely used in food & beverages. On the basis of application, beverage segment dominates the market, mainly due to innovation and convenient packaging. The replacement of polymer based packaging material is expected to dent the market over the forecasted period. Asia-Pacific region is the fastest growing market for food & beverage metal cans. The global Metal Cans Market Size size is expected to cross USD 65 Billion at CAGR of approximately 4% by 2022.

Market Segmentation

The global Metal Cans Market Size has been segmented on the basis of material, type, application, and region. Based on material, the global Metal Cans Market Size has been segmented into aluminum, steel, and tin. The aluminum segment commands the dominant share of the global Metal Cans Market Size owing to the high utilization of aluminum due to its light-weight and non-reactive nature towards all kinds of beverages and food items. Based on type, the global Metal Cans Market Size has been segmented into two piece metal can and three piece metal can. The two piece metal can segment commanded for the major share of the global Metal Cans Market Size in the year 2016 and is anticipated to expand at the fastest growth rate during the forecast period. Based on application, the global Metal Cans Market Size has been segmented into food, beverage, and others. The beverage segment commanded the dominant share of the global Metal Cans Market Size in the year 2016 and is anticipated to project fastest growth during the assessment period.

Regional Analysis

Geographically, the global Metal Cans Market Size has been segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. The North America and Europe region are currently projecting dominance over the global Metal Cans Market Size. Changing lifestyle, increased popularity of canned food products, high demand for packaged alcoholic and nonalcoholic beverages and changing dietary habits are majorly propelling the growth of the Metal Cans Market Size in the North America region. High demand for metal cans in food and beverages industry is fueling the expansion of the Metal Cans Market Size in the Europe region. Rise in production of metal cans due to the availability of cheap raw materials and labor in the emerging economies is also contributing to the growth of the Metal Cans Market Size in the Asia Pacific region.

Key Players

Some of the prime player profiled by MRFR that are operating in the global Metal Cans Market Size are Rexam plc (the U.K.), Silgan Containers LLC (the U.S.), Kian Joo Can Factory Berhad (Malaysia), Independent Can Company (the U.S.), Ball Corporation (the U.S.), Crown Holdings, Inc. (the U.S.), HUBER Packaging Group GmbH (Germany), SKS Bottle & Packaging, Inc. (the U.S.), Ardagh Group S.A. (Luxembourg), Berlin Packaging (the U.S.), Kaira Can Company Limited (India), The Cary Company (the U.S.), Allstate Can Corporation (the U.S.), Allied Cans Limited (Canada), and CPMC Holdings Limited (China).

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