Market Research Future (MRFR) has published on the “Global Metal Cans and Aerosols Market”.
The metal cans and aerosols market is estimated to register a CAGR of 4.8% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the Global Metal cans and aerosols Market—Ball Corporation, Trivium Packaging, Crown Holdings, Inc, Toyo Seikan Group, Exal Corporation, TUBEX GMBH, Envases Universales, Massilly Group, Nampak Ltd, CCL Container, Colep Packaging, and many more.
Metal Cans Aerosols Market Highlights
The Global Metal Cans and Aerosols Market is accounted for to register a CAGR of 4.8% during the forecast period and is estimated to reach USD 81,003.4 Million by 2032.
The Metal Cans and Aerosols are popular packaging solutions that are used across various industries. Metal cans and aerosols are containers made up of aluminum or steel like metals, which provide a robust and protective enclosure for wide range of products. The beverage industry's continuous innovation and product diversification contribute to the demand for metal cans and aerosols. Manufacturers frequently introduce new and varied beverage formulations, and metal packaging provides an adaptable solution to meet these diverse product needs. Metal packaging's recycling process offers significant environmental benefits compared to single-use or non-recyclable alternatives. Metals, particularly aluminum and steel, are highly recyclable materials that can be reclaimed and reused without compromising their quality. This aligns with the circular economy concept, where materials are continually recycled to minimize waste and promote resource efficiency. The recycling and disposal aspects of metal packaging are critical considerations. While metal is highly recyclable, not all regions have well-established recycling infrastructures. Whereas technological advancements in packaging design and manufacturing processes also contribute to market evolution, fostering efficiency and cost-effectiveness
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Segment Analysis
The global metal cans and aerosols Market has been segmented into product type, material, application.
Based on product type, the global metal cans and aerosols market is segmented across the following segments: Cans and Aerosols. The Cans segment dominates the market share in 2023. Cans are further segmented into 2 Piece and 3 Piece. The design versatility of 2 Piece cans allows for various shapes and sizes to accommodate different product volumes and consumer preferences. The versatility of 3 Piece cans allows manufacturers to customize packaging solutions according to specific product requirements, ensuring optimal protection and shelf life. While the manufacturing process for 3 Piece cans are more complex compared to 2 Piece cans, the inherent strength and durability of the design make it an ideal choice for products that demand robust packaging solutions. Aerosol cans are designed to dispense a wide range of products in a finely atomized spray form, including personal care products, household cleaners, automotive sprays, and industrial coatings. Aerosols offers several advantages, including extended shelf life, reduced product waste, and enhanced user experience.
By material, the global Metal cans and aerosols market is segmented across the following segments: Steel, Aluminum and Tin. The Aluminum segment dominates the market share in 2023. Aluminum's innate properties make it an ideal choice for preserving the freshness and quality of packaged goods. Aluminum cans provide an effective barrier against light, oxygen, and moisture, preventing contamination and spoilage of contents, also aluminum's lightweight nature contributes to cost savings in transportation and distribution, reducing fuel consumption and carbon emissions. Steel cans are tamper-resistant, ensuring product safety and integrity throughout the distribution and storage processes. Tin cans and aerosols are not much popular but serves some niche application. These are known for their hermetic seal, ensuring product freshness and integrity over extended periods.
Based on application, the global wedge wire filter product market is segmented across the following segments: Food, Beverages, Personal Care & Cosmetics, Healthcare, Chemical and Others. The Beverages segment dominates the market share in 2023. The Food segment is further sub segmented into Dairy Products, Edible Oil, Meat Products, Confectionary Products, and Others. The Beverages segment is driven by both alcoholic beverages and non-alcoholic beverages categories. Alcoholic beverages, including beer, wine, and spirits, benefit from metal cans' ability to preserve flavor and protect against light exposure, ensuring a quality drinking experience for consumers. Non-alcoholic beverages, such as carbonated soft drinks, energy drinks, and fruit juices, rely on metal cans for packaging due to their lightweight nature and resistance to breakage. The personal care & cosmetics segment within the global Metal Cans and Aerosols market comprises products aimed at enhancing personal hygiene, grooming, and aesthetics. Metal cans and aerosols play a crucial role in packaging pharmaceuticals, including over-the-counter medications, prescription drugs, and topical ointments. Metal cans provide robust packaging solutions for chemical products, resisting corrosion, leakage, and tampering. Metal cans and aerosols serve as versatile packaging solutions for these diverse products, offering durability, protection, and convenience across various industries and applications.
Regional Analysis
The Global Metal cans and aerosols Market, based on region, has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. Europe includes Germany, France, UK, Italy, Spain, Turkey, and Rest of Europe. Asia-Pacific accounts for China, India, Japan, Indonesia, Malaysia, Vietnam, South Korea, Australia, Philippines, and Rest of Asia Pacific. Middle East & Africa consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. South America consists of Brazil, Argentina, and Rest of South America. Asia-Pacific accounted for largest market share in 2023 followed by North America. The rising popularity of mini-cans, especially in the Asia-Pacific markets like India, China, and Japan, has prompted beverage companies to offer smaller volumes of products at lower costs. This trend is indicative of evolving consumer preferences and is driving innovation in packaging formats across the region.
North America accounted for the second largest market share in 2023. North American metal cans and aerosol market is driven by the food and beverage sector, where metal packaging plays a vital role in preserving product freshness, effectiveness, and shelf life. In the beverage segment, aluminum cans are widely preferred due to their lightweight nature, durability, and excellent barrier properties. With consumers increasingly seeking convenient on-the-go options, aluminum cans have become the packaging solution of choice for carbonated drinks, beer, energy drinks, and ready-to-drink beverages.
The European metal cans and aerosol market exhibits a multifaceted landscape driven by factors such as recyclability, environmental sustainability, regulatory compliance, and technological innovation. Metal cans enjoy a favorable position within the European packaging industry, driven by heightened consumer awareness, regulatory support, and brand reputation concerns regarding sustainability. The market is witnessing a shift towards metal cans over plastic and glass containers due to their strong recycling potential, economic viability, and low-cost appeal, particularly in the context of canned foods.
The countries in Middle East and Africa region includes Saudi Arabia, UAE, South Africa and rest of Middle East and Africa. The Metal Cans and Aerosol market in the Middle East and Africa (MEA) region is witnessing significant growth, with the United Arab Emirates (UAE) and Saudi Arabia dominating the market in the region. The increasing demand for organic foods within the UAE is a major driving factor. Moreover, the personal care and cosmetics industries in the UAE are significant contributors to the demand for packaging solutions, including metal cans.
The countries in South America region includes Argentina, Brazil, and rest of South America. Ongoing trend towards hectic lifestyles has increased demand for convenience, packaged and convenience foods. Aggressive marketing strategies by beverage companies have also contributed to the popularity of metal cans, particularly among the youth, with canned beverages being considered trendy and ready-to-eat or semi-processed canned foods being viewed as convenient and economical options. In Latin America, the demand for energy drinks and canned cold coffee is on the rise, presenting significant growth opportunities in the food and beverage industry. Countries like Brazil, with a robust food and beverage sector, are witnessing a surge in the consumption of canned products.
Key Findings of the Study
- The Global Metal Cans and Aerosols Market is expected to reach USD 81,003 Million by 2032, at a CAGR of 4.8% during the forecast period.
- Asia-Pacific accounted for largest market share in 2023. The metal cans and aerosols market in the Asia-Pacific place exhibits exceptional growth, driven by the rising popularity of mini-cans, especially in the Asia-Pacific markets like India, China, and Japan, has prompted beverage companies to offer smaller volumes of products at lower costs.
- Based on product type, Cans segment was attributed to holding the largest market in 2023.
- Ball Corporation, Trivium Packaging, Crown Holdings, Inc, Toyo Seikan Group, Exal Corporation, TUBEX GMBH, Envases Universales, Massilly Group, Nampak Ltd, CCL Container, Colep Packaging are among the key players in the market.
- Based on application, Beverages application segment held the largest market share in 2023.
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Companies Covered | 15 |
Pages | 178 |
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