Metal cans market to reach $81.5bn by 2032
Metal cans represent the most commonly used packaging in the food and beverage sector, as they extend shelf life, offer excellent protection against external contaminants, and are highly recyclable.
These cans are recyclable and can be reused endlessly, and they can also be shaped into any desired form.
Among the most frequently occurring contaminants are moisture, oxygen, bacteria, and others that can damage food, beverages, and other important products.
This is why metal cans serve as a highly effective barrier against these contaminants, leading to their widespread use for storing perishable items over extended periods.
Introspective Market Research has unveiled its latest market study, titled “Metal Cans Market,” providing a comprehensive outlook on the future of this premium delicacy.
According to the report, the global Metal Cans Market was valued at $66.4 billion in 2023 and is poised for significant expansion, with projections indicating a climb to $81.5 billion by 2032.
This anticipated growth represents an impressive CAGR of 2.3% from 2024 to 2032.
Metal cans, initially created in 1813 in England, have historically been crucial for packaging, originally designed to hold food such as meat and oysters, and are now utilised for a variety of products, including drinks, healthcare goods, and industrial solvents.
The increasing appetite for packaged food and drinks is a major factor fuelling market expansion, bolstered by innovations in packaging technology and a worldwide movement towards sustainability.
Metal cans can be recycled efficiently without a loss in quality, which aligns with environmental trends and increases demand in various sectors. Increasing awareness of the environmental effects of packaging waste boosts metal can recycling.
The demand for convenience among consumers, particularly in ready-to-drink beverages, combined with the rising popularity of craft beers and canned wines, is expected to support the continued growth of metal can consumption. As a result, the global market for metal cans has experienced a rising CAGR in recent years.