Global Metal Can Market to Expand at 2% CAGR, Reaching US$ 49.3 Billion by 2034 | FMI

Metal Can Market
Metal Can Market

The global metal can market is poised for steady growth, with a projected expansion from US$ 40.4 billion in 2024 to US$ 49.3 billion by 2034, representing a compound annual growth rate (CAGR) of 2%. Key trends and highlights from the metal can market report underscore the increasing popularity of metal cans packaging driven by social, economic, and environmental concerns, as well as growing consumer awareness about non-carcinogenic packaging elements.

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Key Highlights from the Metal Can Market Report:

  1. Shift Towards Sustainable Packaging: The metal can market is witnessing a rapid shift towards sustainable packaging solutions, with suppliers increasingly using aluminum to develop cans on a large scale. This trend is driven by growing environmental consciousness among consumers.
  2. Growing Demand for RTE Foods and Beverages: Surging global demand for ready-to-eat (RTE) foods and beverages, particularly alcoholic and non-alcoholic drinks, is driving new uses of metal cans. Additionally, the increasing desire for packaged food in developing countries is further boosting the use of metal packaging like cans.
  3. Product Diversification and Innovations: Manufacturers are focusing on product diversification and innovations to meet evolving consumer preferences and sustainability requirements. Investments in research and development activities are expected to accelerate improvements in metal can offerings.

Key Highlights from the Metal Can Market Report:

  1. Rising Popularity and Demand: Metal cans are gaining wider popularity due to increasing social, economic, and environmental concerns, alongside growing environmental consciousness among consumers.
  2. Shift Towards Aluminum: Packaging suppliers are increasingly adopting aluminum for large-scale production of cans, driven by its recyclability and sustainability benefits.
  3. Consumer Preference for Non-Carcinogenic Packaging: Growing consumer awareness about the safety of packaging materials is boosting the sales of metal cans, which are considered non-carcinogenic.
  4. Emerging Uses: The global demand for ready-to-eat (RTE) foods and beverages, including alcoholic and non-alcoholic drinks, is expanding the applications of metal cans. Developing countries are witnessing increased adoption of metal packaging for packaged food products.
  5. Diverse Applications: Metal cans are extensively used for packaging food, cosmetics, paint, beverages, and other products. Regional variations include oil packaging in Asia Pacific (excluding Japan) and non-food products like drugs, cosmetics, and industrial goods in the Middle East.
  6. Future Outlook: Investments in technological advancements and growing demand for environmentally sustainable packaging solutions are driving innovation in metal cans. Manufacturers are focusing on developing packaging materials that align with consumer preferences for health and sustainability.

Competitor Landscape

The entry of new players in the market among personal care and food and beverage products is expected to intensify the competition in the years to come. Moreover, the present and new players’ focus of innovative packaging is likely to be a lucrative strategy to capitalize on. The companies operating in the market are

  • Rexam PLC,
  • Silgan Containers LLC,
  • Independent Can Company,
  • Crown Holdings, Inc., and
  • SKS Bottle & Packaging, Inc., among others.

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Market Segmentation


  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Material Type

  • Aluminium
  • Steel
  • Tin

Fabrication Type

  • Two Piece Can
  • Three Piece Can


  • Alcoholic Beverages
  • Non–Alcoholic Beverages (Aerated and Non-Aerated Beverages)
  • Processed Dairy Food Products
  • Other Processed Food Products
  • Edible Oil
  • Medicinal Tablets and Syrups
  • Personal Care and Cosmetic Products
  • Industrial Chemicals

End User

  • Food & Beverages
  • Pharmaceutical Industry
  • Consumers Goods
  • Chemical

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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