North America & Europe Metal Cans Market Size By Material (Aluminum Cans and Steel/Tin Cans), By Type (2-Piece and 3-Piece), By Application (Food & Beverages, Aerosols), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNorth America & Europe Metal Cans Market Size And Forecast
North America & Europe Metal Cans Market size was valued at USD 26,405.45 Million in 2020 and is projected to reach USD 38,664.06 Million by 2028, growing at a CAGR of 4.82% from 2021 to 2028.
Increasing consumption of canned food is a leading element that has boosted the growth of the metal cans market. Moreover, the Growing preference of the working population towards canned food products due to busier lifestyle and little time to spend on cooking and eating is boosting the sales of canned food products. The North America & Europe report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
North America & Europe Metal Cans Market Definition
Think of metal cans as clean, empty containers perfect for storing stuff. We use them to package all sorts of things, from food and drinks to oil and chemicals. They're usually made of steel, tin, or aluminum. What's great about them? They have tightly sealed covers and are easy to recycle. Plus, they're cost-effective, reflect heat and light well, and protect against oxygen and moisture. That's why so many industries love using them for everything from food and drinks to aerosols and oil! Metal cans are strong, lightweight, affordable, and easy to carry. They also provide excellent protection against air, light, and moisture, which helps products last longer. Because of all these cool features, metal cans are becoming a popular choice over other packaging materials.
The rising demand for packed food products due to the changing lifestyle of people is likely to drive the market over the projected years. Moreover, the increasing consciousness and anxieties among the people for use of non-carcinogenic packing materials is expected to fuel the market throughout the forecasted period. Additionally, the growing need for the replacement of polymer-based packaging material like polyethylene packaging and polyethylene terephthalate (PET) is likely to increase the market share of metal cans in the overall packaging market.
North America & Europe Metal Cans Market Overview
Hey, you know how we're seeing more and more canned food these days? Well, that's a big reason why the metal cans market is booming! Canning is a popular way to keep food fresh, processing it and sealing it up tight. And metal cans? They're all over the food and drink industry for storing those processed goodies. Think beer and soft drink cans, your everyday food cans, even drums and pails! Plus, with more people working and less time to cook, canned food is becoming the go-to choice. It's all about convenience, right? And with rising living standards and more cash to splash, plus the increased popularity of a cold one, metal cans are in high demand. Oh, and don't forget about cosmetics and personal care products! They love metal packaging in North America & Europe because it keeps out light, air, and moisture, which is just another reason why the metal cans market is doing so well.
Okay, so one big thing holding back the metal can market? It's the crazy up-and-down prices of raw materials. We're talking about metals like steel, which are super sensitive to what's going on with global trade and supply chains. Remember that trade war between China and the US? That definitely messed with metal supplies because of all the tariffs on imports from China. Plus, the price of iron (you know, the stuff that makes steel) bounces around with the seasons, and then you've got the cost of oil and shipping thrown in the mix. All that makes prices really unpredictable. On the bright side, though, better ways to recycle metal could open up some awesome new opportunities for growth!
North America & Europe Metal Cans MarketSegmentation Analysis
North America & Europe Metal Cans Market is segmented on the basis of Material, Type, Application, and Geography.
North America & Europe Metal Cans Market, by Material
• Aluminum Cans• Steel/Tin Cans
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When we look at what cans are made of, the market splits into two main typesAluminum Cans and Steel/Tin Cans. Back in 2020, Aluminum Cans were the most popular choice. What's driving this? Well, people are more worried about the environment and are trying to use less plastic, which is giving aluminum cans a big boost. Plus, governments are encouraging the switch to eco-friendly aluminum options, and new tech like BPA-free cans makes them a safer way to pack preserved foods. And let's not forget, we're eating and drinking more processed stuff, we've got more money to spend, and aluminum cans can be customized with cool colors and designs - all of this is helping the aluminum can market grow!
North America & Europe Metal Cans Market, by Type
• 2-Piece• 3-Piece
Okay, so when we're talking about the Metal Cans Market in North America and Europe, we can break it down by type2-Piece and 3-Piece cans. Looks like the 2-Piece cans were the big winners back in 2020 and are expected to keep growing strong, maybe around a 5.25% CAGR. Why? Well, these two-piece wonders are super safe for packing stuff, especially drinks. The tech they use is odorless, non-toxic, and even rust-proof! Plus, they're like Fort Knox for food, keeping everything fresh and tasty. All that good stuff should really boost the 2-Piece can market in the years to come.
North America & Europe Metal Cans Market, by Application
• Food & Beverages• Aerosols• Others
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On the basis of Application, North America & Europe Metal Cans Market has been segmented into Food & Beverages, Aerosols, and Others. The Food & Beverages segment accounted for the largest market share in 2020 is projected to grow at a CAGR of 5.45% during the forecast period. The growing demand for packed food products owing to the changing lifestyle of individuals is expected to drive the market over the predicted years. North America is a major producer of food & beverages so the large demand for packed food across the region boosts the metal can market growth.
North America & Europe Metal Cans Market, by Geography
• North America• Europe
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Looking at things region by region, the North America & Europe Metal Cans Market basically breaks down into, well, North America and Europe. And get thisNorth America is predicted to be the dominant player in this market for the foreseeable future! Why? A big part of it is that you've got all the heavy hitters in processed foods located there, like Nestle, The Kraft Heinz Company, and Del Monte Foods, Inc., not to mention Pepsico and JBS USA Holdings, Inc. All those companies need metal cans! Plus, people are really into metal packaging because it's super recyclable and better for the environment, which is driving its popularity in the US food and beverage industry. And up in Canada, the growing appetite for ultra-processed goodies and drinks means even more demand for those trusty metal cans for things like fruits, veggies, meats, and seafood.
Key Players
Want to know what's happening in the "North America & Europe Metal Cans Market"? Our report gives you the inside scoop, focusing on the market and its big hitters, like IBM Corporation, Open Text Corporation, Hyland Software, Inc., M-Files, DocuSign, Inc., eFileCabinet, Inc., Canon Inc., Ricoh Company, Ltd., Xerox Corporation, and Oracle Corporation. We've even got a whole section just on these major players, where our experts break down their financial statements, compare their products, and give you a SWOT analysis. Plus, we'll show you their key strategies, market share, and how they rank against each other in the competitive landscape.
Key Developments
Company Name | Key Development | Description |
|---|---|---|
| Ball Corporation | Partnership | • Ball Corporation and Bud Light have announced a partnership to bring the infinitely recyclable Ball Aluminium Cups to guests at Raymond James Stadium in Tampa for the Big Game.• After sharing the Ball Aluminum Cup with guests at last year’s Big Game, the company is excited to build on that success by bringing fans at Raymond James Stadium and at home a more sustainable way to enjoy their favorite beverage this year. |
| Crown Holdings, Inc. | Collaboration | • Brazil-based craft beer brand Bierland has converted 100% of its product portfolio to be packaged in beverage cans in collaboration with Crown Embalagens Metálicas da Amazônia S.A., a subsidiary of Crown Holdings, Inc.• With this format transition, the craft brewer will expand its regional reach, enhance accessibility for consumers and respond to changing market demands. |
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2017-2028 |
| BASE YEAR | 2020 |
| FORECAST PERIOD | 2021-2028 |
| HISTORICAL PERIOD | 2017-2019 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | IBM Corporation, Open Text Corporation, Hyland Software, Inc., M-Files, DocuSign, Inc., eFileCabinet, Inc., Canon Inc., Ricoh Company, Ltd., Xerox Corporation, and Oracle Corporation. |
| SEGMENTS COVERED | By Material, By Type, By Application, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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