Food & Beverage Metal Cans Market - Forecast(2023 - 2028)

Report Code: FBR 0226 Report Format: PDF + Excel

Food & Beverage Metal Cans Market Overview

The Food & Beverage Metal Cans Market size was valued at $25.65 billion in 2019 and is poised to grow at a CAGR of 6.3% percentage during the forecast period 2020-2025. Food metal cans are used for safe storage and transportation of food products. The Beverage can is a metal container built to accommodate a set volume of liquid, such as alcoholic beverages, carbonated soft drinks, ready to drink teas & coffees, fruit juices, and energy drinks. Factors including their environmental benefits, growing demand for canned products, and fast recycle rate are anticipated to provide new avenues to the growth of metal cans industry over the forecast period 2020-2025. The product is also gaining prominence owing to its discrete features including hermetically sealed cover, resistance to transportation and irregular handling, and convenient recyclability.

The aluminum and steel sheets are the key raw material used for the manufacturing of this products. Aluminum cans are the most sustainable type pf packaging used for foods and beverages and can be recycled easily. They chill quickly, and provide a superior metal canvas to print on, perhaps most importantly; they protect the flavor and integrity of any food and beverage. The increased recyclability of aluminum, the safety issues about the use of plastics, are attributing to the growth of the market.

Food & Beverage Metal Cans Market Report Coverage

The report: “Food & Beverage Metal Cans Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Food & Beverage Metal Cans Market.

By Material: Aluminum, Steel and Others
By Structure: Two-piece cans and Three-piece cans 
By Degree of Internal Pressure: Pressurized Cans and Vacuum Cans
By Shape: Slim, Standard, Sleek and Others
By Volume: 100 ml, 150 ml, 200 ml, 310 ml, 330 ml, 500 ml, 1L and Others
By Fabrication: Plain, Embossed, Printed and Others
By Coating: Epoxy, Polyester, Vinyl and Others
By Application: Food and Beverages

Key Takeaways

  • Geographically, North America held the largest share in the global Food & Beverage Metal Cans market in 2019, owing to large number of consumers for packaged food and beverages coupled with growing consumer awareness toward environmental sustainability.
  • Increasing disposable income of consumers and changing living standards of the middle-class population across the globe is set to boost the global Food & Beverage Metal Cans market growth positively.
  • The trend of cans with reseal-able ends are gaining popularity owing to the rising application of canned packaging in the alcohol beverages industry which is set to drive the global food & beverage metal cans market in the forecast period 2020-2025.

By Material - Segment Analysis

Based on the Material, the global Food & Beverage Metal Cans market is segmented into Aluminum and Steel. Aluminum accounts for the largest share of the market in terms of revenue 2019 and is poised to continue for the forecast period 2020-2025. Aluminum cans are also estimated to grow at the highest CAGR of 7.3% from 2020-2025. High production of aluminum food and beverage cans is owing to its rising popularity as the standard for food and beverage packaging. The aluminum can end are flat and must be thicker than bodies to resist pressure. Supermarkets and hypermarkets are self-help shops giving a wide variety of Food & Beverage Metal Cans such as sweet Food & Beverage Metal Cans, savory, crackers, filled or coated, and others. Supermarkets and hypermarkets offer extensive merchandise mix along with different brands of Food & Beverage Metal Cans, placed under the same roof, which helped it to occupy more revenue share. 

By Application - Segment Analysis

Based on the application, the global Food & Beverage Metal Cans market have Food and Beverage segment. Food is further is divided into sub-segments of Fruits & vegetables, Convenience food, Pet food, Meat & seafood, and other food products. Similarly, Beverage has sub-segments like Alcoholic Beverages, Carbonated Beverages, Water, Fruit & Vegetable Juices, Ready to drink tea & coffee, Sports/Energy drinks, and others. The alcoholic beverages segment is set to hold major revenue share in the global beverage cans market owing to the increase in demand for beer in developing and developed economies, which is set to boost the segment growth over the forecast period 2020-2025. Better cooling properties of cans is estimated to boost the market growth. There has also been a significant shift from glass packaging to canned form of packaging considering its convenience, thus further propelling segment growth. 

By Geography - Segment Analysis

By geography, North America held the largest market share of 43% in terms of revenue in 2019 owing to rising demand for various healthy beverages, carbonated soft drinks, health drinks, and sucralose juices. Further, increasing demand for canned food from the region is also supporting the regional market growth. Robust investment in R&D and technological advancements coupled with innovative products are projected to have a positive impact on the domestic production of food & beverage metal cans market in North America, thus fueling market growth. Besides, rising demand for industry growth is owing to the widespread promotional activities and marketing strategies by various key players. 
The Asia Pacific market is set to have higher growth potential in the forecast period 2020-2025 with the highest CAGR of 7.7%. A large consumer market and increasing disposable income in countries including India and China is set to drive the growth of the demand for high-quality metal packaging from the region. 

Drivers – Food & Beverage Metal Cans Market

Growing demand for carbonated soft drink cans

Demand for Canned drinks is gradually becoming a popular trend among the beverage consuming population. From stress-relievers to immune system health to beauty, consumers are now seeking more from their drinks than simply hydration. Canned soft drinks give customers an idea of better health awareness with an attractive display on the body and easier consuming and disposing of methods, therefore acting as a significant factor driving food & beverage metal cans market.

Recyclability and Weight Advantage of Aluminum Cans

Aluminum cans are the most recycle-able container, thus is most preferred packaging solution for food and beverage manufacturing companies therefore boosting the market growth. The average can contain 70 percent recycled metal. Also, Aluminum cans are lightweight and easily stacked which helps to provide storage and shipping efficiencies and limits overall transportation carbon emissions through logistics and supply chains. Further, they deliver 100 percent protection against oxygen, light, moisture and, all the other contaminants. Furthermore, they are resistant to corrosion, and provide one of the longest shelf lives of any type of packaging. This all key features offered by aluminum cans is projected to support the growth of global food & beverage metal cans market.

Challenges – Food & Beverage Metal Cans Market

The Varying prices of raw materials

Food and Beverage cans are usually made of aluminum or steel. The average prices of these raw materials vary greatly with time. For instance, the price of aluminum has seen a rapid increase in recent years. Manufacturers have to face problems for keeping a stable price margin for their products in order to prevent losing their customer base.

Food & Beverage Metal Cans Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Food & Beverage Metal Cans Market. Key companies of this market are Ball Corporation, Ardagh Group, Can Pack SA, CPMC Holding Ltd, Crown Holding Inc., Amcor Limited., Klian Joo Can Factory Berhad, Showa Denko KK, Nampak Bevcan Limited, and Toyo Seikan Group.

Acquisitions/Product Launches:

  • In April 2020, Nampak beverage has officially launched its new Think future campaign through which the company hopes to encourage those who interact with its brand to make the kind of daily decisions that is set to positively affect the environment for generations to come.
  • In Jan 2020, Ball Corporation has launched a new impact extruded aluminum bottle line that provides a circular solution to plastic pollution. Just like Aluminum beverage cans, the impact extruded aluminum bottle is mono-material that can be stored and recycle.
  • In September 2018, Ardagh group launched development machine allowing brands to unveil new or redesigned products in food and beverage cans and glass packaging much faster. It is a highly flexible glass forming system, capable of quick changes, and is contributing to a 30% reduction in new product lead times.

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1. Food & Beverage Metal Cans Market - Overview
    1.1 Definitions and Scope
2. Food & Beverage Metal Cans Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Material
    2.3 Key trends by Structure
    2.4 Key trends by Coating
    2.5 Key trends by Degree of Internal Pressure
    2.6 Key trends by Shape
    2.7 Key trends by Volume
    2.8 Key trends by Fabrication
    2.9 Key trends by Application
    2.10 Key trends by Geography
3. Food & Beverage Metal Cans Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies 
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Food & Beverage Metal Cans Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Food & Beverage Metal Cans Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Food & Beverage Metal Cans Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Food & Beverage Metal Cans Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Food & Beverage Metal Cans Market – By Material (Market Size –$Million/$Billion)
    8.1 Aluminum
    8.2 Steel
        8.2.1 Tin Plate
        8.2.2 Tin Free Steel
        8.2.3 Others
    8.3 Others
9. Food & Beverage Metal Cans Market – By Structure (Market Size –$Million/$Billion)
    9.1 Two Piece Can
        9.1.1 Draw Cans
        9.1.2 DWI Cans
        9.1.3 Toyo Ultimate Can (TULC)
    9.2 Three piece Cans
        9.2.1 Welded Cans
        9.2.2 Soldered Cans
10. Food & Beverage Metal Cans Market – By Degree of Internal Pressure (Market Size –$Million/$Billion)
    10.1 Pressurized Cans
    10.2 Vacuum Cans 
11. Food & Beverage Metal Cans Market – By Shape (Market Size –$Million/$Billion)
    11.1 Slim 
    11.2 Standard
    11.3 Sleek
    11.4 Others
12. Food & Beverage Metal Cans Market – By Volume (Market Size –$Million/$Billion)
    12.1 100 mL
    12.2 150 mL
    12.3 200 mL
    12.4 310 mL
    12.5 330 mL
    12.6 500 mL
    12.7 1 L
    12.8 Others
13. Food & Beverage Metal Cans Market – By Fabrication (Market Size –$Million/$Billion)
    13.1 Plain
    13.2 Embossed
    13.3 Printed
    13.4 Others
14. Food & Beverage Metal Cans Market – By Coating (Market Size –$Million/$Billion)
    14.1 Epoxy
    14.2 Polyester
    14.3 Vinyl
    14.4 Others
15. Food & Beverage Metal Cans Market – By Application (Market Size –$Million/$Billion)
    15.1 Food 
        15.1.1 Fruits & vegetables
        15.1.2 Convenience food
        15.1.3 Pet food
        15.1.4 Meat & seafood
        15.1.5 Other food products
    15.2 Beverages
        15.2.1 Alcoholic Beverages 
        15.2.2 Carbonated Beverages
        15.2.3 Fruit & Vegetable Juices
        15.2.4 Ready to drink tea & coffee
        15.2.5 Sports/Energy drinks
        15.2.6 Water
        15.2.7 Others
16. Food & Beverage Metal Cans Market - By Geography (Market Size –$Million/$Billion)
    16.1 North America
        16.1.1 U.S.
        16.1.2 Canada
        16.1.3 Mexico
    16.2 Europe
        16.2.1 U.K.
        16.2.2 Germany
        16.2.3 France
        16.2.4 Italy
        16.2.5 Spain
        16.2.6 Rest of Europe
    16.3 Asia-Pacific
        16.3.1 China
        16.3.2 India
        16.3.3 Japan
        16.3.4 South Korea
        16.3.5 Australia & New Zealand
        16.3.6 Rest of Asia-Pacific
    16.4 Rest of the World
        16.4.1 Middle East
        16.4.2 Africa
        16.4.3 South America
17. Food & Beverage Metal Cans Market - Entropy
18. Food & Beverage Metal Cans Market – Industry/Segment Competition Landscape Premium 
    18.1 Market Share Analysis
        18.1.1 Global Market Share – Key Companies
        18.1.2 Market Share by Region – Key companies
        18.1.3 Market Share by Countries – Key Companies
        18.1.4 Best Practices for Companies
19. Food & Beverage Metal Cans Market – Key Company List by Country Premium Premium
20. Food & Beverage Metal Cans Market Company Analysis
    20.1 Company 1
    20.2 Company 2
    20.3 Company 3
    20.4 Company 4
    20.5 Company 5
    20.6 Company 6
    20.7 Company 7
    20.8 Company 8
    20.9 Company 9
    20.10 Company 10
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