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Global Metal Cans Market to reach USD 99.59 billion by the end of 2029.

Global Metal Cans Market Size study & Forecast, by Material (Aluminum, Steel), by Product (2- Piece Draw Redraw (DRD), 2- Piece Drawn and Ironed, 3- Piece), by Type (Easy-Open End (EOE), Peel-off End (POE), Others), by Application (Food, Beverages, Others), and Regional Analysis, 2022-2029

Product Code: CMPP-62743672
Publish Date: 17-04-2023
Page: 200

Global Metal Cans Market is valued at approximately USD 61.55 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2022-2029. Metal cans are referred to as a container that is generally used to store and distribute food, beverages, chemicals, oil, and many other items. Metal cans are portable and simple to stack, which are made up of tin-plated or aluminum, or zinc-plated steel, which are generally used for packaging food, beverages, or other products. The market demand is primarily driven by the factors such as surging demand for aluminum cans, rising preference towards the demand for eco-friendly cans, coupled with growing awareness regarding the benefits associated with metal packaging.

The rising use of packaged and processed foods and beverages is further stipulating the market expansion worldwide. The Statista estimates that 1.35 trillion liters of packaged beverages were consumed worldwide in 2021. Additionally, it is anticipated that by 2024, the amount is likely . to rise and reach almost 302.4 billion liters. Therefore, the increased consumption of packaged foods and beverages is exhibiting a favorable impact on market expansion globally. Furthermore, the rise in the number of product innovations, as well as growth prospects in the number of emerging markets are creating various lucrative opportunities for the market over the forecasting years. However, the high usage of bio-based plastic and fluctuating costs of raw materials stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Metal Cans Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the presence of highly developed infrastructure of the packaging industry, along with the rising focus of packaging manufacturers for the development of sustainable packaging solutions. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing financial awareness, as well as the growing acceptance of crypto payments among various businesses in the regional market.

Major market players included in this report are:
Amcor Ltd
Ardagh Packaging Group Plc.
Bail Corporation
BWAY Corporation
CPMC Holdings Ltd.
Crown Holdings Inc.
Kian Joo Group
Rexam Plc.
Siligan Containers Corporation
Sonoco Phoenix Inc.

Recent Developments in the Market:
Ø In January 2020, Ardagh Group announced that the company has established its new facility in Huron to start manufacturing metal cans. The company planned to produce the beverage cans in variety of sizes for a variety of classes, such as sparkling water, teas, soft drinks, and alcoholic beverages in the new facility.

Global Metal Cans Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Product, Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:
By Product:
2- Piece Draw Redraw (DRD)
2- Piece Drawn and Ironed
3- Piece
By Type:
Easy-Open End (EOE)
Peel-off End (POE)
By Application:
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Metal Cans Market, by Region, 2019-2029 (USD Billion)
1.2.2. Metal Cans Market, by Material, 2019-2029 (USD Billion)
1.2.3. Metal Cans Market, by Product, 2019-2029 (USD Billion)
1.2.4. Metal Cans Market, by Type, 2019-2029 (USD Billion)
1.2.5. Metal Cans Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Metal Cans Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Metal Cans Market Dynamics
3.1. Metal Cans Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing consumption of packaged and processed food & beverages Surging demand for eco-friendly cans
3.1.2. Market Challenges High usage of bio-based plastic Fluctuating costs of raw materials
3.1.3. Market Opportunities Rise in the number of product innovations Growth prospects in the number of emerging markets
Chapter 4. Global Metal Cans Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Metal Cans Market, by Material
6.1. Market Snapshot
6.2. Global Metal Cans Market by Material, Performance – Potential Analysis
6.3. Global Metal Cans Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
6.4. Metal Cans Market, Sub Segment Analysis
6.4.1. Aluminum
6.4.2. Steel
Chapter 7. Global Metal Cans Market, by Product
7.1. Market Snapshot
7.2. Global Metal Cans Market by Product, Performance – Potential Analysis
7.3. Global Metal Cans Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
7.4. Metal Cans Market, Sub Segment Analysis
7.4.1. 2- Piece Draw Redraw (DRD)
7.4.2. 2- Piece Drawn and Ironed
7.4.3. 3- Piece
Chapter 8. Global Metal Cans Market, by Type
8.1. Market Snapshot
8.2. Global Metal Cans Market by Type, Performance – Potential Analysis
8.3. Global Metal Cans Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
8.4. Metal Cans Market, Sub Segment Analysis
8.4.1. Easy-Open End (EOE)
8.4.2. Peel-off End (POE)
8.4.3. Others
Chapter 9. Global Metal Cans Market, by Application
9.1. Market Snapshot
9.2. Global Metal Cans Market by Application, Performance – Potential Analysis
9.3. Global Metal Cans Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
9.4. Metal Cans Market, Sub Segment Analysis
9.4.1. Food
9.4.2. Beverages
9.4.3. Others
Chapter 10. Global Metal Cans Market, Regional Analysis
10.1. Metal Cans Market, Regional Market Snapshot
10.2. North America Metal Cans Market
10.2.1. U.S. Metal Cans Market Material breakdown estimates & forecasts, 2019-2029 Product breakdown estimates & forecasts, 2019-2029 Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Metal Cans Market
10.3. Europe Metal Cans Market Snapshot
10.3.1. U.K. Metal Cans Market
10.3.2. Germany Metal Cans Market
10.3.3. France Metal Cans Market
10.3.4. Spain Metal Cans Market
10.3.5. Italy Metal Cans Market
10.3.6. Rest of Europe Metal Cans Market
10.4. Asia-Pacific Metal Cans Market Snapshot
10.4.1. China Metal Cans Market
10.4.2. India Metal Cans Market
10.4.3. Japan Metal Cans Market
10.4.4. Australia Metal Cans Market
10.4.5. South Korea Metal Cans Market
10.4.6. Rest of Asia Pacific Metal Cans Market
10.5. Latin America Metal Cans Market Snapshot
10.5.1. Brazil Metal Cans Market
10.5.2. Mexico Metal Cans Market
10.5.3. Rest of Latin America Metal Cans Market
10.6. Rest of The World Metal Cans Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Amcor Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Ardagh Packaging Group Plc.
11.2.3. Bail Corporation
11.2.4. BWAY Corporation
11.2.5. CPMC Holdings Ltd.
11.2.6. Crown Holdings Inc.
11.2.7. Kian Joo Group
11.2.8. Rexam Plc.
11.2.9. Siligan Containers Corporation
11.2.10. Sonoco Phoenix Inc.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
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To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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