The global food & beverage metal cans market is estimated to be valued at USD 33.0 billion in 2023 and is projected to reach USD 46.2 billion in 2028, growing at a CAGR of 7.0%. The factors driving the growth are the increasing elderly population, the shift in focus of health-conscious consumers, and rising awareness of food nutrition, which supports the adoption of metal cans in the food and beverage industry. Additionally, The rise in the adverse effects of single-use plastics and government intervention in banning the use of such plastics that affect the environment adversely have significantly driven the growth of the metal packaging market for food & beverages.

Food and Beverage Metal Cans Market Trends

The food and beverage metal cans market has been evolving in response to various consumer preferences, sustainability concerns, and technological advancements. Here are some notable trends:

• Sustainable Packaging: With growing environmental consciousness, there’s an increasing demand for sustainable packaging solutions. Metal cans are recyclable, making them an attractive choice for eco-conscious consumers. Manufacturers are also exploring ways to reduce the environmental footprint of metal cans through lightweighting and using recycled materials.
• Convenience and Portability: Busy lifestyles have fueled the demand for convenient, on-the-go food and beverage options. Metal cans provide convenient packaging solutions for various products, including ready-to-drink beverages, canned fruits, vegetables, and soups. Smaller portion sizes and resealable lids cater to consumers looking for convenience and portability.
• Health and Wellness: Consumers are becoming more health-conscious, driving the demand for healthier food and beverage options. Metal cans offer advantages such as protection from light, air, and contaminants, preserving the nutritional value and freshness of products. Additionally, the use of BPA-free linings addresses concerns about chemical exposure.
• Premiumization: Metal cans are no longer limited to basic commodities. Premiumization trends have led to the introduction of upscale packaging designs and finishes for food and beverage products. Brands are leveraging metal cans to create a premium image and enhance product differentiation on store shelves.
• Innovative Designs and Technology: Advancements in manufacturing technology have expanded the possibilities for metal can design and functionality. Features like easy-open lids, resealable closures, and shaped cans are gaining popularity, offering improved consumer convenience and product differentiation.
• Global Market Expansion: Emerging markets are witnessing a growing demand for packaged food and beverages, driving the expansion of the metal cans market globally. Increasing urbanization, rising disposable incomes, and changing consumer lifestyles are key factors contributing to market growth in regions such as Asia-Pacific, Latin America, and Africa.
• Customization and Personalization: Brands are focusing on customization and personalization to engage consumers and create unique experiences. Metal cans offer opportunities for branding, printing, and labeling customization, allowing brands to communicate their story and connect with consumers on a deeper level.

Food and Beverage Metal Cans Market Opportunity: Growing on-the-go snacking trends and the portable nature of metal cans

The new generations always opt for convenience food, due to its ease of consumption and less cooking time. Technology innovation in packaging has provided engaging experiences for consumers. The interactive packaging offers increased clarity to consumers. There has been a gradual shift in consumer choice for packaged food & beverage type. The shift from conventional bottles to advanced packaging types such as cans. Busy work lives and hectic lifestyles demand ‘on-the-go’ consumption and convenient packaging types. Convenient packaging also includes new products, which offer easy opening.

North America holds the highest market share during the forecast period.

North America accounted for the largest market share in the food & beverage metal cans market in 2022. The food & beverage metal cans market in the North American region is largely driven by growing consumer awareness toward environmental sustainability. The region offers an excellent growth opportunity for manufacturers of both metal cans and food & beverage products. Most of the players operating in the food & beverage metal can market are operating in the region and have a strong global presence. Moreover, North America is among the biggest consumer of aluminum cans and the region is mainly dominated by a large number of consumers for packaged food and beverages in the world. Strong investment in R&D and technological advancements are expected to have a positive impact on the domestic production of food & beverage metal cans market in North America. These factors drive the market for food & beverage metal cans in the North American region.

Food and Beverage Metal Cans Companies

Key players in this market include Crown Holdings, Inc. (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CCL Container (US), Can Pick S.A (Poland), Kian Joo Group (Malaysia), CPMC Holding (China), Envases (Spain), Toyo Seikan Group Holdings, Ltd (Japan), Universal Can Corporation (Japan), Independent Can Company (US), VISY (Australia), Mauser Packaging Solutions (US), Lageen Food Packaging (Israel), Massilly Holdings S.A.S (France), P.Wilkinson Containers Ltd (UK), Kingcan Holdings Limited (China), Muller and Bauer GmbH (Germany), Jamestrong Packaging (Australia).