Food and beverage metal cans market to reach $46.5bn by 2029
The global food and beverage metal cans market is expected to reach $46.5 billion by 2029, at a CAGR of 6.2%, according to a new report by Exactitude Consultancy.
Metal cans are clean, empty metal containers made of aluminium, tin-plated steel, or zinc-plated steel that are commonly used to package foods, beverages, or other items.
Metal cans packaging is an important part of the food and beverage industries. They aid in the preservation of the flavour and nutritional value of the products.
Metal cans have numerous applications in the food and beverage industries. Depending on the type of product packaging material chosen, they provide convenient and protective packaging for various types of food and beverages.
Steel and aluminuim are the best packaging materials for food and beverages, respectively. Metal food and beverage cans provide complete protection for fillings because they are tamper evident and can be stored at room temperature. As a result, the food and beverage industries will drive metal can packaging growth in the coming years.
The growing awareness of the disadvantages of using single-use plastics, combined with government intervention to limit the use of plastics that have a negative impact on the environment, has greatly accelerated the growth of the global market for metal cans for food and beverages.
Furthermore, the gas generated during the steelmaking process is recycled into the system and used to heat the furnace, reducing the need for additional energy. As a result of the growing acceptance of metal cans as an effective and sustainable packaging solution, their demand in the food and beverage industry will increase.
Factors such as high recyclable aluminium rates, an increasing number of health-conscious customers, and an increased awareness of nutrients in food and beverages have all contributed to the increased demand for metal cans.
Rising environmental concerns have increased consumer adoption of reusable packaging, which has increased demand for metal cans.
Aluminium and steel plates are the primary raw materials used in product manufacturing. Metal cans’ acceptance in the packaging industry has been aided by their widespread availability and ease of use.
Furthermore, the Food and Beverage Metal Cans Market’s innovation in the manufacturing process, size, and shape has propelled the packaging industry to new heights. Furthermore, improved preservation and shelf life have increased the use of metal cans in the food and beverage industries.
During the forecast period, modernising consumer lifestyles may have a positive impact on overall market growth. Furthermore, the plastic ban provides an opportunity for the packaging industry.
High solids coatings, water-based coatings, powder coatings, UV cure coatings, and conventional solvent-mediated coatings are among the coating techniques used in product manufacturing. This coating is intended to protect the product from wear and oxidation while also reducing friction and improving handling.