The global bi-metal cans market is anticipated to record a CAGR of 5.6% during the forecast period. It is expected the market value will go up from USD 25 Billion in 2021 and reach a valuation of USD 45.5 Billion by 2032.
| Report Attributes | Details |
|---|---|
| Bi-metal Cans Market Estimated Base Year Value (2021) | USD 25 Billion |
| Bi-metal Cans Market Value in 2022 | USD 26.4 Billion |
| Bi-metal Cans Market CAGR 2022 to 2032 | 5.6% |
| Anticipated Bi-metal Cans Market Value (2032) | USD 45.5 Billion |
The demand for bi-metal cans is attributed to their unique dual advantages against the traditional single metal cans. The tin coating in bi-metal cans helps in protecting the metal from corrosion caused by food contact and, on the other hand, even saves the food from metal contamination.
Some of the other advantages of it responsible for the increased sales of the bi-metal market includes its eco-friendly nature. The bi-metal cans utilize tin and other metal materials, which can be recycled countless times without the loss of any of their properties.
The increasing awareness among end-users about the disadvantages of using polymer-based materials has created immense opportunities for the sales of bi-metal cans in the packaging industry. Manufacturing of bi-metals can also save 60% energy consumption increasing the profitability of the bi-metal cans market share.
One o the distinct features that have surged the demand for bi-metal cans is its excellent printability for attractive design and brand value. These cans have emerged as a useful alternative to plastics, further augmenting the bi-metal cans market share.
Government initiatives for environment protection actions are leading to the production of many sustainable packaging solutions. The use and sales of bi-metal cans prevent 86% of carbon emission and 76% of water pollution.
Sales of bi-metal cans are expected to witness growth due to their advantageous qualities, which include - recyclability, standardization, and durability. Bi-metal cans have a lighter environmental footprint in comparison to other packaging materials like plastics, which will increase the demand for bi-metal cans.
Government regulations regarding plastic usage might also play an essential role in boosting the sales of bi-metal cans in the upcoming years. Recycling is an easy way to save energy and raw materials by efficiently reducing CO2 emissions and the amount of waste generated during production and raw material collection.
Increased awareness among end-users and consumers will contribute to the growth in demand for bi-metal cans in the market. A critical aspect that will contribute to the bi-metal cans market share increment is the increased consumption of packaged food and beverages.
There are certain factors that would hinder the sales of the bi-metal cans market; one of the significant factors is the usage of plastics.
Though bi-metal cans are better than plastics, some new innovative products are being launched that claim to reduce the environmental footprint. Such innovations are anticipated to hamper the demand for bi-metal cans in the coming period.
The sales of bi-metal cans are expected to grow in some key regions like Europe and East Asia over the forecast years. In East Asia, the demand for bi-metal cans in China is expected to grow at a high CAGR during the forecast period. Increasing emphasis on sustainable consumption of natural resources is provided the necessary impetus in demand for bi-metal cans in Asia Pacific countries.
Europe contributes the largest revenue share in the global bi-metal cans market. In Europe, France and Belgium are expected to dominate the market in terms of demand for bi-metal cans and growth rate during the forecast period.
North America is expected to grow at a moderate pace in the forecast period. Such a slow growth rate in North America for bi-metal cans market share is attributed to the fact that the regional markets in USA and Canada are almost saturated. However, the large volume of consumer goods is expected to retain the sales of bi-metal cans market profitable during the forecast years.
Sone of the key players in the global bi-metal cans market includes Ardagh Group S.A., Ball Corp, Crown Holdings, Inc., The Tinplate Company Of India Limited, NCI Packaging Pty. Ltd., and Cerviflan Industrial e Comercial Ltd.
Investment in collecting back the bi-metal cans by the product companies is a growing trend in many developed areas. Such strategies by consumable products manufacturers is anticipated to create a favourable demand for bi-metal cans in the future.
In January 2020, Ardagh Group purchased a facility of Huron at Ohio for increasing its production capacity of different types of metal cans. This major development is expected to increase the volume and sales of bi-metal cans of the company.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.6% from 2022 to 2032 |
| Base Year of Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material Type, Product Type, Capacity, Filling Method, End Use Industry, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Ardagh Group S.A.; Ball Corp; Crown Holdings, Inc.; The Tinplate Company Of India Limited; NCI Packaging Pty. Ltd.; Cerviflan Industrial e Comercial Ltd. |
| Customization scope | Available Upon Request |
| Pricing and Purchase Option | Avail Customized purchase options to meet your exact research needs. |
The global bi-metal cans market is likely to register a CAGR of 5.6% during the forecast period.
Major players leading the global bi-metal cans market share include Ardagh Group S.A., Ball Corp, Crown Holdings, Inc., The Tinplate Company Of India Limited, NCI Packaging Pty. Ltd., and Cerviflan Industrial e Comercial Ltd.
The global bi-metal cans market share is likely to be valued at about USD 45.5 Billion by 2032.
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Bi-metal Cans Market
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