Global Food & Beverage Metal Cans Market Set For Rapid Growth, To Reach USD 114.09 Billion By 2032

Zion Market Research has published a new report titled “Food & Beverage Metal Cans Market by Type (2-Piece Cans and 3-Piece Cans), By Material (Steel And Aluminum), and By Application (Sports & Energy Drinks, Alcoholic beverages, Convenience Food, Meat & Seafood, Fruits & Vegetables, Carbonated Soft Drinks, Pet Food, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 – 2032”. According to the report, the global food & beverage metal cans market was valued at around USD 67.41 billion in 2023 and is expected to reach approximately USD 114.09 billion by the end of 2032, growing at a CAGR of around 6.02% between 2024 and 2032.

Metal cans are generally containers that are used in the distribution and storage of food & beverages. Canning has main application in the packaging of sports & energy drinks, alcoholic beverages, convenience food, meat & seafood, fruits & vegetables, carbonated soft drinks, and pet food, among others. Metal cans are typically made up of either aluminum or steel. 

Browse the full "Food & Beverage Metal Cans Market by Type (2-Piece Cans and 3-Piece Cans), By Material (Steel And Aluminum), and By Application (Sports & Energy Drinks, Alcoholic beverages, Convenience Food, Meat & Seafood, Fruits & Vegetables, Carbonated Soft Drinks, Pet Food, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 – 2032" report at https://www.zionmarketresearch.com/report/food-beverage-metal-cans-market

The global food & beverage metal cans market is anticipated to witness significant growth during the forecast period. The market has been gaining importance due to its wide application in the food & beverage industry, where the manufacturer is more focused on the adaptation of metal cans to prevent food & beverage products from contamination and spoilage. Modernization of the lifestyle of the consumers may positively impact the overall market growth over the forecast period. In addition, the plastic ban opens lucrative opportunities to the packing industries. However, growing environmental concerns among consumers due to aluminum, mining of irons, and other metals could restrain the market growth.  

Based on metal cans type, the global food & beverage metal cans market is segmented into 2-piece cans and 3-piece cans. The 3-piece cans consist of three components – a bottom lid, a cylindrical body, and a top lid. While 2-piece cans comprise components of a body integrated with a bottom lid and a lid with an opening. Among these two, 2-piece cans are expected to attain more market share value during the forecast period.
 
On the basis of material, the global food & beverage metal cans market is divided into aluminum and steel. Steel possesses anti-corrosion properties, good physical strength, and is available at a cheap price. On the other hand, aluminum cans are expected to hold dominant share value over the forecast period, due to their ease in manufacturing, better resistance to corrosion, and is less expensive than steel. 

By application, the global food & beverage metal cans market is categorized into sports & energy drinks, alcoholic beverages, meat & seafood, convenience food, fruits & vegetables, pet food, carbonated soft drinks, and others. Among these, the beverage industry is projected to attain more market share value within the forecast period. 

By geography, the global market for food & beverage metal cans is mainly segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among all, North America is projected to be the fastest-growing market during the forecast period. This growth is attributed to the high consumption rate of cold coffee, vegetable & fruit juices, iced tea, and sports drinks like Red Bull, Gatorade, and Monster. Despite this, the major key players operating in the beverage industries are Pepsi and Coca-Cola, which drive the demand in the U.S. market. These companies have tapped into almost all countries around the world. Following North America is the Asia Pacific and Europe which are expected to dominate the overall market share value during the forecast period.

The major key players operating in the global food & beverage metal cans market include Ball Corp., Alcoa Inc., Can-Pack S.A., Rexam Plc., Toyo Seikan Kaisha Ltd., and Sonoco Products Co. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

This report segments the global food & beverage metal cans market as follows:

Global Food & Beverage Metal Cans Market: Type Segment Analysis

• 3-Piece Cans 
• 2-Piece Cans

Global Food & Beverage Metal Cans Market: Material Segment Analysis

• Steel
• Aluminum

Global Food & Beverage Metal Cans Market: Application Segment Analysis

• Sports & Energy Drinks 
• Alcoholic Convenience Food 
• Convenience Food 
• Meat & Seafood
• Fruits & Vegetables 
• Carbonated Soft Drinks 
• Pet Food
• Others

Global Food & Beverage Metal Cans Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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