The food & beverage metal cans market is estimated at US$ 33.0 billion in 2023 and the market is expected to reach a value of US$ 120.3 billion by 2030, growing at a CAGR of 3.5% from 2023 to 2030. This growth is being driven by a number of factors, including increasing urbanization, rising disposable incomes, and growing demand for convenient and shelf-stable packaging.

Tin, steel, and aluminum are the main materials that make up metal cans. They stack rather easily and are lightweight. The fact that metal cans are 100% recyclable without sacrificing the material's strength or quality is one of their most prominent benefits, as it promotes environmental sustainability. Over the course of the projection period, the primary factors propelling the market expansion include transportation resistance, hermetically sealed cover, irregular handling, and easy recyclability. Furthermore, one of the main factors driving the market is how well metal cans can be recycled. The fact that producing goods from recycled metals uses less energy, produces fewer carbon emissions, and uses less water than producing them from raw materials is one of the factors contributing to the rise in demand for metal cans.

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Because they extend the shelf life of products, food and drink containers as well as other consumer goods like aerosols and paints are packaged in metal cans. Usually cylindrical, end-user producers are able to alter the look of these containers. The rising demand for convenience food items is the main factor propelling the F&B metal can market. As more and more people adopt healthier lifestyles, there is a greater need for canned and fresh foods, which increases the need for metal cans used in food and beverage applications.

Key Takeaways:

• The Food & Beverage Metal Cans Market is estimated at US$ 33.0 billion in 2023 and the market is expected to reach a value of US$ 120.3 billion by 2030, growing at a CAGR of 3.5% from 2023 to 2030.
• Aluminum is the most preferred material for food and beverage metal cans due to its lightweight, recyclability, and barrier properties.
• The beverage segment is expected to be the largest market segment, accounting for over 60% of the global market share in 2030.
• Asia Pacific is expected to be the fastest-growing market, driven by rising urbanization, increasing disposable incomes, and changing consumer preferences.

Key factors contributing to the growth of the food and beverage metal cans market:

• Growing demand for convenient packaging: Metal cans are a convenient and portable packaging solution, which is particularly important for busy consumers. They are also easy to store and stack, making them a good choice for retailers.
• Rising urbanization: As more people move to cities, they are increasingly demanding convenient and processed foods. Metal cans are an ideal packaging solution for these products as they are durable and can protect food from spoilage.
• Expanding disposable incomes: With rising disposable incomes, consumers are willing to spend more on premium products. Metal cans are often perceived as being a more premium packaging solution than other options, such as plastic bottles and bags.

Regional overview of the food and beverage metal cans market:

• Asia Pacific: The Asia Pacific region is the largest market for food and beverage metal cans, accounting for about 40% of the global market. This is due to the region's large and growing population, as well as its rapid urbanization.
• North America: North America is the second largest market for food and beverage metal cans, accounting for about 30% of the global market. The market in North America is mature, but it is still growing due to the increasing demand for convenient and recyclable packaging solutions.
• Europe: Europe is the third largest market for food and beverage metal cans, accounting for about 25% of the global market. The market in Europe is mature, but it is still growing due to the increasing demand for sustainable packaging solutions.
• Rest of the World: The rest of the world, which includes Latin America, Africa, and the Middle East, is the smallest market for food and beverage metal cans, accounting for about 5% of the global market. The market in the rest of the world is expected to grow at a faster rate than the global market over the forecast period, due to the region's growing population and rising disposable incomes.

Key players in the food and beverage metal cans market:

• Ball Corporation
• Crown Holdings Inc.
• Ardagh Group
• Canpack Group S.A.
• Nisshin Steel Co., Ltd.
• Toyo Seikan Kaisha, Ltd.
• Nampak Limited
• Alcoa Corporation
• Wah Sing Holdings Limited

Segmentation:

• The global food and beverage metal cans market can be segmented by material, type, application, and region.

Material:

• Aluminum
• Steel
• Tinplate

Type:

• Two-piece cans
• Three-piece cans
• Composite cans

Application:

• Beverages
• Food
• Other

Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa