IMARC Group, a leading market research company, has recently releases report titled “Metal Cans Market Report by Material Type (Aluminium, Steel, Tin), Fabrication (Two Piece Metal Can, Three Piece Metal Can), Can Type (Food, Beverages, Aerosols, and Others), and Region 2023-2028”, Offers a comprehensive analysis of the industry, which comprises insights on the market.
How Big is the Metal Cans Market?
The global metal cans market size reached US$ 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.5% during 2023-2028.
Industry Overview of Metal Cans
Metal cans refer to packaging containers manufactured using materials such as aluminum, steel, and tin. Generally sealed with lids that can be replaced or lifted, they are used for storing or transporting fruits, vegetables, beverages, soups, pet food, paints, and varnishes. Metal cans exhibit robustness and strength and allow filling, processing, handling, storage, and distribution without damage. In addition to this, they are corrosion-resistant, cost-effective, do not affect the color and taste of the products, and are recyclable. Metal cans have various other properties, including compactness, toughness, durability, malleability, easy portability, and pressure resistance. As a result, these containers find widespread applications across several sectors, such as pharmaceuticals, personal care, and food and beverage (F&B).
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/metal-cans-market/requestsample
What are the growth prospects and trends in the metal cans industry?
The primary driver behind the market growth is the widespread adoption of metal cans in the F&B industry, serving as a packaging solution for a wide range of products, including iced teas, energy drinks, alcoholic beverages, sodas, and carbonated soft drinks. Furthermore, the increasing demand for eco-friendly cans driven by growing environmental consciousness contributes to the market growth.
Various key market players in the market are focusing on introducing customized designs for brands, expanding their consumer base, and promoting brand awareness, which further fuels market growth. Innovations in can forming and metal deposition control on packaging materials that enhance material efficiency and provide unique antimicrobial and microwave susceptor properties also positively impact the market.
Additionally, factors such as the rising demand for industrial packaging products, the introduction of easy open-lid cans, and the increasing demand for canned food due to busy schedules and hectic lifestyles support market growth.
Leading Companies Operating in the Global Metal Cans Industry:The report has segmented the market into the following categories:
Breakup by Material Type:
Breakup by Fabrication:
Breakup by Can Type:
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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