Food and beverage metal cans market to be worth $74.95bn by 2030

The Food & Beverage Metal Cans Market will be worth $74.95 billion by 2030, growing at a CAGR of 7.63%, according to a new report by 360iResearch.

The market for Food & Beverage Metal Cans includes the production and sales of aluminium and steel containers used for packaging various consumables, valuing their durability, recyclability, and ability to preserve contents. 

These metal cans are essential due to their requirement for strong, tamper-evident packaging that extends shelf life, meeting both consumer and regulatory standards. 

Widely utilised in the industry, applications include packaging for carbonated drinks, juices, energy drinks, alcoholic beverages, as well as canning vegetables, fruits, soups, sauces, and ready-to-eat meals. 

End-users include large-scale food manufacturing companies, established beverage brands, emerging craft brewers, soft drink manufacturers, and consumers prioritising convenience and sustainability. 

Market growth is influenced by factors such as increased demand for 100% recyclable cans driven by environmental concerns, consumer preference for lightweight and portable packaging, and the cans’ ability to protect against contamination and spoilage. 

Innovations in design including new shapes, sizes, and features enhance appeal. Opportunities exist in eco-friendly manufacturing processes, customisation and branding of cans to stand out, and leveraging advanced technologies such as smart cans with integrated freshness indicators. However, the market faces challenges from fluctuating raw material costs, competition from biodegradable plastics, and stringent packaging regulations. 

To remain competitive, businesses should focus on sustainable materials research, developing lighter yet durable can materials, and integrating digital technologies to enhance consumer engagement. 

The dynamic nature of this market, influenced by consumer preferences and environmental concerns, necessitates continual innovation and adaptation for businesses to thrive, creating a competitive landscape among global and regional players striving for cost-effective solutions.

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