Global Food and Beverage Metal Cans Market Size, Trends & Analysis with COVID-19 Impact – Forecasts to 2026 By Type (2-Piece Cans, 3-Piece Cans), By Application (Food, Beverages), By Material (Aluminium Cans, Steel Cans), By Degree of Internal Pressure (Pressurized Cans, Vacuum Cans), By Region (North America, Asia-Pacific, Middle East & Africa, CSA, Europe), End-User Landscape and Company Market Share Analysis & Competitor Analysis
Food and Beverage Metal Cans Market Insights
The food and beverage metal cans market is estimated to grow upwardly during the forecast period. The metal cans have an advantage over other types of packaging in the food segment because of feasibility criteria, durability, and adequate protection of the food. Metal in food packaging also has a competitive edge on the preservation system and processes. The metal packaging is available in varied sizes and shapes. Owing to its feature of efficient utilization of space, it reduces costs and also the spoilage. The metal cans will continue to grow in the food and beverage space as more consumers become health aware against the use of plastics. With the rising need to ban plastics and to meet the sustainable development goals, the metal cans industry will see a huge demand in the market as a packaging type for the food and beverage vertical.
Food and Beverage Metal Cans Market: By Type
Based on the type, the market takes 3-piece and 2-piece metal cans into being. The two-piece metal cans would be the dominating unit for this market in comparison to the 3-piece metal cans. The two-piece metal cans are manufactured using less raw material, have excellent sealing, and offer high product quality which increases their visibility in the market.
Food and Beverage Metal Cans Market: By Application
Based on the application, the market considers beverages and food into being. The food segment will have huge consumption levels for metal cans during the forecast period. Aluminum and tin metals have gained popularity in the food packaging segment because they are sustainable and have excellent strength. The market will drive in a positive direction as they enable a longer period of food storage. The beverage segment too will have an upward growth as they are manufactured using the two-piece metal cans which already sees high growth patterns in the market.
Food and Beverage Metal Cans Market: By Material
Based on the material, the market takes aluminum and steel cans into being. The aluminum segment will be the major contributor to the market demand. The aluminum cans offer sustainability and can be easily recycled. Adding to the benefits, the aluminum cans provides flavor protection and also brand integrity. Aluminum cans have an attractive market in the UK and also see moderate demand from the Rest of Europe. The steel can packaging is changing the European market as manufacturers are switching to steel production with the growing demand for future developments.
Food and Beverage Metal Cans Market: By Degree of Internal Pressure
Based on the internal pressure, the market considers vacuum and pressurized cans into being. The vacuum cans will grow upwardly to support the market for metal cans. The beverage industry is highly dependent upon the vacuum for its production of aluminum cans. The introduction of vacuum pumps named UV series and their latest up-gradation in 2017 led to considerable savings in the beverage industry, further enhancing the market potential during the forecast period.
Food and Beverage Metal Cans Market: By Region
Based on the region, the market considers Europe to be the leading player in the market for metal cans. The high production capacity for aluminum cans in the region, new investment projects by manufacturers, and opening of new production facilities would lead to high demand for metal can in the region.
Market Share and Competitive Analysis
Key players operating in the market include Ball Corporation, Amcor, Silgan Containers LLC, Crown Holdings, Ardagh, Global Cans, Seneca Foods, Trivium Packaging, Independent Can Company, Novelis Company Inc, Eastman Chemical Company, Henkel Corporation, and United States Steel Company.
Please note: This is not an exhaustive list of companies profiled in the report.
In May 2019, the Aluminum Beverages Can Association was launched in India to increase the consumption of aluminum cans for beverage packaging.
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The Global Food and Beverage Metal Cans Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Food and Beverage Metal Cans Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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