Can Market Synopsis
Can Market Size Was Valued at USD 90.03 Billion in 2023, and is Projected to Reach USD 133.79 Billion by 2032, Growing at a CAGR of 4.5% From 2024-2032.
A can is a flexible metal vessel, typically rounded, formed to maintain its substances' cleanness, quality, and safety with an airtight seal. Cans have experienced significant changes and are now a crucial part of modern packaging. Cans, made from resources such as aluminum, tinplate, or steel, deliver durability, recyclability, and defense against outside impurities, placing them as a sustainable and reliable option.
- Cans are commonly used in various productions, including food and drink and non-edible goods such as paint, oil, and chemicals. In the food industry, they are frequently used to keep fruits, vegetables, soups, and meats fresh for a longer time without cooling. Cans are a general choice for carbonated, energy, and beer in the beverage industry due to their suitability and portability. Other uses of flexible packing include storing paints, glues, and industrial lubricants to avoid contamination and degeneration due to their sealed features.
- The modern canning process seals the contents in germ-free environments to stop bacterial growth and reserve the quality of the product. Cans are easy to carry and can be stacked on topmost of each other, which is valuable for storage and moving them everywhere. Their capability to be recycled also benefits from eco-friendly sustainability, with aluminum and steel existing among the top recycled materials worldwide. Cans remain crucial in packaging because they can protect contents, withstand damage, and contribute to worldwide sustainability creativities, playing a serious role in modern consumption and manufacturing procedures
Can Market Trend Analysis
Rise of Ready-To-Drink Beverages
The growth of ready-to-drink (RTD) beverages has become an important trend in the canned beverage market, driven by evolving customer preferences for convenience and premium experiences. Spirits giants and beverage manufacturers now consider RTDs an essential part of their growth policies, with forecasts projecting RTDs to contribute 20% of the total growth in the spirits market through 2027. This surge aligns with the increasing demand for portable, pre-packaged solutions that cater to busy lifestyles while delivering high-quality, ready-to-consume options. RTDs have gained widespread acceptance across consumer demographics, fueled by shifting spending behaviors, the emergence of new purchasing channels, and a growing preference for variety and innovation.
The overlap in spending behavior among beverage-alcohol (BevAl) households further underscores the cross-category appeal of RTDs, as 14% of such households are responsible for a significant 29% of total BevAl volume. This highlights the versatility of RTDs in attracting beer, wine, and spirits consumers alike. The graph illustrates Global coffee market growth, with at-home sales through supermarkets and convenience stores reaching a substantial $34.01 billion in 2023. As the RTD segment continues to evolve, it is reshaping the canned beverage market, reinforcing its position as a critical driver of innovation and revenue in the beverage industry.
Opportunity
Premiumization of Packaging
The increase in premium packaging offers a great chance for the canning industry to expand and create new ideas. Premiumization includes high-quality, visually attractive, and particular packaging that matches the altering tastes of consumers watching for characteristic and top-notch experiences. In the beverage sector, cans are becoming increasingly prevalent due to their adaptability and capability to meet visual and useful needs, especially with the rise in drinking of craft beer and premium drinks. Particular cans designed for premium brands have experienced significant growth, instead of approximately 15% of the craft beer market in North America and seeing double-digit growth rates.
This tendency is supported by progress in can design, such as new printing methods, embossing, and resealable choices, enabling brands to stand out in a competitive market. Furthermore, the expansion of online shopping leads to an increased need for strong and lightweight packaging, with cans being more cost-effective and efficient than materials such as glass. As consumer tastes move towards sustainable packaging, the recyclable quality of aluminum cans boosts their appeal in high-end markets. The can market is in a good position to take advantage of premiumization, increasing margins and gaining a bigger part of the global packaging market thanks to its estimated annual growth rate of 3%.
Can Market Segment Analysis:
Can Market Segmented based on Can Type, Material Type, Structure, Application, and region
By Can Type, Beverage Cans segment is expected to dominate the market during the forecast period
- The Increasing global consumption trends and a preference for sustainable packaging solutions. Approximately 75% of new beverage launches in North America now utilize cans, reflecting a more than twofold increase compared to five years ago. This growth is supported by rising consumer demand for energy drinks, seltzers, and canned cocktails, which heavily favor aluminum cans due to their convenience and durability. In Mexico, beer cans represented a staggering 80% of the can market in 2023, underscoring a significant shift from returnable glass to cans. Similarly, Brazil saw beer can usage rise from 48% in 2017 to 64% in 2023, highlighting the segment’s rapid adoption.
- Globally, the appeal of beverage cans lies in their lightweight and portable design, ability to maintain freshness, and strong sustainability profile. Producing aluminum cans from recycled materials requires only 5% of the energy needed for new aluminum production, making it an eco-friendly option. In Europe, with a market volume nearing 90 billion cans and a growth rate of 4-6% CAGR, and in Southeast Asia, where young populations and rising incomes drive demand, beverage cans continue to stand out as the preferred packaging choice across diverse markets.
By Material Type, Aluminium Cans segment is expected to dominate the market during the forecast period
- The Aluminium Cans driven by its unparalleled recyclability, sustainability, and widespread application in beverage and processed food packaging. Globally, drink cans account for 320 billion of the estimated 410 billion metal containers produced annually, with aluminum being the primary material. Approximately 70% of aluminum drink cans are recycled worldwide, making them the most recycled beverage container on the planet. Notably, recycling aluminum requires 95% less energy compared to producing it from raw materials, with the process generating only 5% of greenhouse gas emissions. One recycled aluminum can save enough energy to power a television for three hours.
- The efficiency and sustainability of aluminum cans have significant environmental and economic benefits. In the UK alone, 5.9 billion aluminum drink cans are recycled annually, equating to a reduction in carbon dioxide emissions equivalent to driving nearly 27,000 miles for every tonne recycled. Aluminum cans are practical and also versatile, with applications ranging from carbonated and non-carbonated beverages to processed foods and aerosols. Their ability to be recycled and returned to shelves as new cans within 60 days enhances their appeal. This combination of utility, eco-friendliness, and cost-efficiency positions aluminium cans as the dominant material in the can market.
Can Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
North America is expected to dominate the can market during the forecast period, fueled by high consumer demand for sustainable and convenient packaging solutions across various industries. The region accounts for a significant share of global beverage can consumption, with approximately 75% of new beverage launches in the United States now using cans, a figure that has more than doubled in the past five years. This growth is driven by the rising popularity of energy drinks, spiked seltzers, craft beers, and canned cocktails, all of which favor aluminum cans for their durability, lightweight nature, and ability to maintain product freshness.
Sustainability initiatives play a crucial role in North America's market leadership. Aluminum cans are the most recycled beverage container globally, with the U.S. recycling millions of cans daily. Recycling aluminum requires 95% less energy than producing new material, making it a cost-effective and environmentally friendly option. Additionally, the region's robust infrastructure for e-commerce and direct-to-consumer retailing further supports can demand, as cans are lightweight and easy to ship.
In Mexico, beer cans dominate, representing 80% of the market, while in Canada, increasing awareness of sustainable packaging is driving adoption across carbonated and non-carbonated beverages. This combination of strong consumer trends, sustainability initiatives, and industry investment cements North America's dominance in the can market.
Can Market Top Key Players:
- Crown Holdings, Inc. (USA)
- Ball Corporation (USA)
- Ardagh Group S.A. (Luxembourg)
- Silgan Holdings Inc. (USA)
- Hindustan Tin Works Ltd. (India)
- Envases Group (Spain)
- CPMC Holdings Limited (China)
- Massilly Holding S.A.S. (France)
- United Can Company (UK)
- Arabian Can Industry LLC (UAE)
- Nampak Ltd. (South Africa)
- Stolle Machinery Company (USA)
- Orora Limited (Australia)
- Other Major active Players.
Key Industry Developments in the Can Market:
In June 2023, Eviosys, a global packaging leader, introduced Ecopeel, an innovative metal food can solution featuring a peelable foil seal. Replacing traditional ring-pull systems, the foil reduced CO2 emissions per can. With a 45-degree sealing surface, Ecopeel ensured easy opening, requiring less force. This advancement underscored Eviosys' commitment to sustainability and user-friendly packaging solutions.
In June 2023, Ball Corporation showcased its latest aluminum cans, 6.8 oz, 8.4 oz, 250 mL sizes, and exclusive Alumi-Tek bottles at BevNET Live Summer 2023, also sponsoring the event's Happy Hour to highlight beverage packaging innovations.
Global Can Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 90.03 Bn. |
Forecast Period 2024-32 CAGR: |
4.5 % |
Market Size in 2032: |
USD 133.79 Bn. |
Segments Covered: |
By Can Type |
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By Material Type |
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By Structure |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- CAN MARKET BY CAN TYPE (2017-2032)
- CAN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- BEVERAGE CANS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- FOOD CANS
- AEROSOL CANS
- GENERAL LINE CANS
- SPECIALTY CANS
- CAN MARKET BY MATERIAL TYPE (2017-2032)
- CAN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- ALUMINIUM CANS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- STEEL/TINPLATE CANS
- PLASTIC CANS
- PAPERBOARD CANS
- CAN MARKET BY STRUCTURE (2017-2032)
- CAN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- 2-PIECE CANS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- 3-PIECE CANS
- CAN MARKET BY APPLICATION (2017-2032)
- CAN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- BEVERAGES
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- FOOD
- INDUSTRIAL
- PERSONAL CARE
- HOUSEHOLD
- HEALTHCARE
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- CAN Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- CROWN HOLDINGS, INC. (USA)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- BALL CORPORATION (USA)
- ARDAGH GROUP S.A. (LUXEMBOURG)
- SILGAN HOLDINGS INC. (USA)
- HINDUSTAN TIN WORKS LTD. (INDIA)
- ENVASES GROUP (SPAIN)
- CPMC HOLDINGS LIMITED (CHINA)
- MASSILLY HOLDING S.A.S. (FRANCE)
- UNITED CAN COMPANY (UK)
- ARABIAN CAN INDUSTRY LLC (UAE)
- NAMPAK LTD. (SOUTH AFRICA)
- STOLLE MACHINERY COMPANY (USA)
- ORORA LIMITED (AUSTRALIA)
- OTHER MAJOR ACTIVE PLAYERS.
- COMPETITIVE LANDSCAPE
- GLOBAL CAN MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Can Type
- Historic And Forecasted Market Size By Material Type
- Historic And Forecasted Market Size By Structure
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT POCKETS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Can Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 90.03 Bn. |
Forecast Period 2024-32 CAGR: |
4.5 % |
Market Size in 2032: |
USD 133.79 Bn. |
Segments Covered: |
By Can Type |
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By Material Type |
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By Structure |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Can Market research report is 2024-2032.
Crown Holdings, Inc. (USA), Ball Corporation (USA), Ardagh Group S.A. (Luxembourg), Silgan Holdings Inc. (USA), Hindustan Tin Works Ltd. (India), Envases Group (Spain), CPMC Holdings Limited (China), Massilly Holding S.A.S. (France), United Can Company (UK), Arabian Can Industry LLC (UAE), Nampak Ltd. (South Africa), Stolle Machinery Company (USA), Orora Limited (Australia), and Other Major Players.
The Can Market is segmented into Can Type, Material type, Structure, Application, and Region. By Can Type, the market is categorized into Beverage Cans, Food Cans, Aerosol Cans, General Line Cans, and Specialty Cans. By Material type, the market is categorized into Aluminium Cans, Steel/Tinplate Cans, Plastic Cans, and Paperboard Cans. By Structure, the market is categorized into 2-piece Cans, 3-piece Cans. By Application, the market is categorized into Beverages, Food, Industrial, Personal Care, Household, and Healthcare. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
A can is a flexible metal vessel, typically rounded, formed to maintain its substances' cleanness, quality, and safety with an airtight seal. Cans have experienced significant changes and are now a crucial part of modern packaging. Cans, made from resources such as aluminum, tinplate, or steel, deliver durability, recyclability, and defense against outside impurities, placing them as a sustainable and reliable option.
Can Market Size Was Valued at USD 90.03 Billion in 2023, and is Projected to Reach USD 133.79 Billion by 2032, Growing at a CAGR of 4.5% From 2024-2032.