Metal Food Cans Market

Metal Food Cans Market Snapshot (2022-2032)

According to Future Market Insights research, during the projected period, the global metal food cans market is set to enjoy a market valuation of US$ 22.9 Billion in 2022, and register a CAGR of 4.2% to reach US$ 34.5 Billion by 2032. The metal food cans market revenues are estimated to propel with the top 3 countries projected to hold 25 to 30% of the global metal food cans market by the end of 2022.

The aluminum food cans segment by the material is projected to hold the major portion of the global metal food cans market due to its benefits such as easy recyclability and availability. The target segment is projected to account for 60% of the global metal food cans market by the end of 2022.

Attributes	Details
Market Size 2022	US$ 22.9 Billion
Market Size 2032	US$ 34.5 Billion
Value CAGR (2022 to 2032)	4.2%
Collective Value Share: Top 3 Countries (2022E)	25 to 30%

The global metal food cans market forms around 82% of the global food cans market worth US$ 27 Bn in 2021.

According to the FMI analysis, the metal food cans market revenue totaled US$ 22.0 Bn in 2021. With the propelling demand from the various end-users, the global metal food cans market is projected to reach US$ 34.5 Bn by 2032, accelerating at a CAGR of 4.2% during the forecast period along with the top 5 companies holding 20-25% of the global metal food cans market.

The metal food cans market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the metal food cans market sales will rise during 2022-2032 and is projected to create an absolute incremental growth opportunity of US$ 12.6 Bn.

The significantly changing food industry amid the pandemic has increased the demand for the metal food cans market. The metal food cans market is anticipated to expand 1.6 times the current market value during the forecast period.

Historic Market Outlook for Metal Food Cans Market

The global metal food cans market witnessed a CAGR of 3.6% during 2015-2021 and reached US$ 22.0 Bn in 2021 from US$ 17.8 Bn in 2015

The hectic lifestyles of consumers have increased the need for convenient or canned food. In developing countries, canned foods are a significant component of the diet and require less preparation time. It is popular in the global market because of its convenient use. During the canning process, food items are packed in airtight metal containers. It increases the shelf life, typically ranging from one to five years. Moreover, secondary packaging can be eliminated by the use of food cans, which results in cost reduction. Canned food products can also be transported without any leakage or breakage. Metal food cans are facing growing competition from flexible pouches, cartons, and other formats. This substitution is fueled by improved barrier properties and consumer convenience. However, metal food cans manufacturers are combating this by adding superior barrier coatings, convenience features such as easy-opening can end, and using innovative shapes and other decorations to achieve product differentiation.

The need for easily accessible nutrient-rich foods is fuelling the demand for metal food cans in the global market. The urban millennial population tends to opt for canned foods as they can be consumed by quick heating or can be used as semi-processed ingredients, which significantly reduces cooking time. Canned food has a significantly higher shelf life than other packaging formats, which aids in reducing food waste occurring across the supply chain. Moreover, metal food cans protect the food from spoilage and also decrease the amount of food wastage. Thus, the metal food cans market is estimated to boost during the forecast period.

How does the Need for Eliminating Secondary Packaging in the Food Industry Augment the Sales of Metal Food Cans?

Use of food cans aid in eliminating the need for secondary packaging solutions, as metal food cans are robust and can be used for transit & storage on their own. Unlike fragile jars or containers, metal food cans can be transported without secondary packaging formats without leaking or breaking. Furthermore, metal food cans offer a superior barrier against light, oxidation as well as contamination which pouches & bags often fail to provide. Metal food cans provide 100% protection against water and light. Moreover, consumers tend to perceive canned food as tamper-proof and hence prefer them over other packaging formats. Most of the secondary packaging solutions are disposed of in landfills or water bodies once they arrive at the final destination, the end user. Manufacturers and consumers are equally worried about lowering their proportion of the waste generated in light of the escalating demonstrations against packaging waste damaging the environment. The sturdy nature of metal food cans makes it unnecessary to add secondary packaging to the product. This adds up to the sustainability factor that metal food cans provide. Also, metal food cans can be recycled multiple times without losing strength or quality.

How is the Adoption of Smart Packaging by the Metal Food Cans Manufacturers Create a Growth Opportunity for the Market?

Metal food cans manufacturers are adopting the trend of smart packaging to gain customer satisfaction. The development of innovative packaging solutions has brought new trends to the metal food cans market. The leading player in the metal food cans market named Crown Holdings has come up with Crownsecure. This is a code scanning system that is printed on the cans. All the cans will have a unique identity with a QUICK RESPONSE (QR) code. These help the food brand to let their consumer be informed with each and every small piece of information about the product and the brand. Consumers can also check quality through this unique code system. Thus, the adoption of smart packaging by metal food cans manufacturers creates a growth opportunity for the metal food cans market.

Category-wise Insights

Which Material Segment is expected to hold a Major Portion of the Global Metal Food Cans Market?

Based on the material segment, the aluminum segment holds the major portion of the global metal food cans market. The targeted segment is projected to hold around 53% of the market share by the end of 2022. This is due to quite attractive benefits which can be derived from the material. Easy availability of the material begs huge demand. Environment-friendly and lightweight aluminum are becoming the first choice of every packaging industry. Aluminum is also having a high degree of resistance power. These parameters are, making aluminum the major holder in the material segment.

Which End Use Segment offers a Lucrative Growth Opportunity for the Global Metal Food Cans Market?

The fruits & vegetables segment followed by the meat, poultry & seafood segment by end use is projected to offer a lucrative growth opportunity for the global metal food cans market. The fruits & vegetables segment is expected to expand 1.7 times the current market value during the forecast period. Fruits & vegetables and meat, poultry & seafood foods are having huge demand for metal cans because of their safety measures. To avoid perforation food should need to be stored in safe packets. Metal food cans are having such qualities through which manufacturers can store food products and there is no threat of food getting spoiled.

Country-wise insights

How is Germany anticipated to Augment the Sales of Metal Food Cans?

Germany is anticipated to hold around 22% of the European metal food cans market by the end of 2022. The increased import of canned foods in Germany is the major factor driving the demand for metal food cans in Germany. According to the Centre for the Promotion of Imports from Developing Countries (CBI), Ministry of Foreign Affairs, Ministry of Foreign Affairs, European trade accounts for around 75% of the total canned fruits and vegetable imports. In 2019, the canned fruits and vegetable import in Germany stood around US$ 2.4 Mn. Overall, the increasing consumption of canned food in Germany is anticipated to augment the sales of metal food cans in Germany.

How does China Create a Growth Opportunity for the Metal Food Cans Market?

China’s metal food cans market is projected to grow 1.6 times the current market value during 2022-2032. The availability of raw materials such as aluminum and steel is gaining traction among metal food cans manufacturers. As per the data provided by the International Aluminium Institute (IAI), China accounted for around 58% of the total aluminum production in 2021, this is estimated to create a growth opportunity for the metal food cans market in China.

Competitive Landscape

The key players in the metal food cans markets are currently focusing on environment-friendly raw materials which is aluminum. These market players are transferring their focus to new technologies through which the manufacturing process can be made easier. Companies have made some acquisitions or expansions to enhance their market share. New products are also being launched by the big players to capture the attention of the customers. Some of the key development are as under:

• In June 2022, Ardagh Group S.A. announced the expansion of its production capacity at La Ciotat which will help the company respond to the increased demand for cans in Southwestern Europe and Middle East Africa (MEA).
• In June 2022, the company named Ball Corporation announced the opening of a new manufacturing plant for aluminum cans in the city of Chilca which will help the company expand its capacity for aluminum cans.

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 4.2% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion, Volume in Units, 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 Product Capacity Regions
Regions Covered	North America Latin America Europe East Asia South Asia Middle East and Africa Oceania
Key Countries Covered	USA Canada Mexico Brazil Germany UK France Italy Spain Russia China Japan India GCC countries Australia
Key Companies Profiled	Silgan Containers LLC Crown Holdings, Inc. BALL CORPORATION Toyo Seikan Co. Ltd. Sonoco Products Company Ardagh Group S.A. CPMC Holding Limited Allstate Can Corporation Visy Industries Jamestrong Packaging Avon Crowncaps & Containers (Nig.) Plc Kian Joo Can Factory Bhd TinPak (Pvt) Ltd Ton yi industrial
Customization & Pricing	Available upon Request

Metal Food Cans Market by Category

By Material, the Metal Food Cans Market is Segmented as:

• Steel Food Cans
• Tin Food Cans
• Aluminum Food Cans

By Product Type, the Metal Food Cans Market is Segmented as:

• 2-Piece Can
• 3-Piece Can

By Capacity, the Metal Food Cans Market is Segmented as:

• Up to 5oz
• 6oz – 10oz
• 11oz – 15oz
• Above 15oz

By Application, the Metal Food Cans Market is segmented as:

• Meat, Poultry & Seafood
• Pet Food
• Bakery & Confectionary
• Sauces, Jams & Pickles
• Fruits & Vegetables
• Tea & Coffee
• Others (Oils, etc.)

By Region, the Metal Food Cans Market is Segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania

Frequently Asked Questions

What was the value of the metal food cans market in 2021?

In 2021, the value of the global metal food cans market was US$ 22 Bn.

At what rate is the global metal food cans market projected to expand during the forecast period?

During the forecast period, the global metal food cans market is anticipated to expand at a CAGR of 4.2%

By 2032, what will the value of the global metal food cans market be?

The global metal food cans market is expected to reach US$ 34.6 Bn by the end of 2032.

Which material segment is expected to lead the global metal food cans market during the forecast period?

During the forecast period, aluminum material is likely to capture a major portion of the metal food cans market.

What drives the demand for the metal food cans market?

The increasing demand for canned food is the major factor driving the demand for metal food cans.

Which are the top players supplementing the sales of metal food cans?

Silgan Containers LLC, Crown Holdings, Inc., Ball Corporation, Allstate Can Corporation, Ardagh Group, and Sonoco Products Company are the top players supplementing the sales of metal food cans.

At what rate is the Indian metal food cans market projected to grow?

As per the FMI analysis, the Indian metal food cans market is projected to grow 1.5 times the current market value during 2022-32.

What is the future growth outlook for the global metal food cans market?

The global metal food cans market is projected to expand 1.6x the current market value during the forecast period.