Metal cans market to reach $83.5bn by 2031


The metal cans market size was $65.4 billion in 2022. By the end of 2031, it is expected to reach $83.5 billion at a CAGR of 3.1%.

Eco-friendly packaging and sustainability are becoming increasingly important. Since metal cans can be recycled indefinitely and without losing quality, they are often preferred over plastic ones.

As a way to reduce consumption and transportation costs, many manufacturers have reduced the weight of metal cans. 

Companies are designing metal cans in creative ways to make them stand out. To capture the attention of consumers, a variety of designs, shapes, and printing techniques are employed to make sure they are entirely paid attention to.

Technology advancements have improved the efficiency and cost effectiveness of metal can production. In addition, new technologies have been developed for transforming cans, printing them, and sealing them. 

Metal cans are a major market driver in the food and beverage industry. As consumers’ preferences change, the price of metal cans may also change.

Global Metal Cans Market: Growth Drivers

Recyclable packaging materials have become increasingly important as environmental sustainability has gained traction. Consumers and businesses that care about the environment focus on recycling metal cans, particularly aluminium cans.

Metal cans have become increasingly popular as consumers prefer convenient, lightweight packaging. Since cans are widely used for packaging various food and beverage products, the food and beverage industry significantly impacts the metal can market. These industries, as well as the development of innovative packaging designs and materials, are expected to drive demand for metal cans in the near future.

Metal cans can become better and more cost-effective as manufacturing technologies advance, like improved can-forming processes and coatings. Manufacturing companies looking for packaging solutions can find them more attractive this way.

The security and integrity of products can be maintained through metal cans, which offer tamper-evident packaging. The demand for reliable and protective packaging options such as metal cans can be driven by consumer awareness and regulatory requirements related to food safety.

Consumers and manufacturers will find metal cans more attractive as packaging innovations continue if they have resealable and easy-to-open features. Enhancing functionality and convenience is one of the goals of these innovations.

Global Metal Cans Market: Regional Landscape

Metal cans are expected to be in high demand in Asia. Economic growth has been a major factor in the development of the Asia Pacific region, resulting in an increase in the level of urbanisation and the evolution of lifestyles. The demand for metal cans may increase as the demand increases for packaged goods like drinks and foods.

Asia Pacific’s booming beverage industry includes carbonated drinks, teas that are ready to consume, and energy drinks. Metal cans’ convenience, portability, and recyclability make them a popular beverage packaging option.

Sustainability and environmental responsibility are gaining traction in this region, which may favour metal cans over other packaging materials. As consumers and businesses become more aware of environmental issues, metal packaging may become more attractive.

Single-use plastics have been reduced in many Asian countries. Alternative packaging materials, including metal cans, could be created due to this shift in regulatory and consumer attitudes.

Global Metal Cans Market: Key Players

International and domestic players actively participate in the metal cans market, making it a very large and highly competitive industry. Several leading companies are expanding their global presence by acquiring companies, entering into contracts, and collaborating with others.

  • Amcor Ltd.
  • Ardagh Packaging Group Plc
  • Bail Corporation
  • BWAY Corporation
  • CPMC Holdings Ltd.
  • Crown Holdings Inc.
  • Kian Joo Group
  • Rexam Plc
  • Siligan Containers Corporation
  • Sonoco Phoenix Inc.

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