The Global Market for Metal Cans, Barrels, Drums and Pails is Projected to Exceed US$80 Billion by 2022

Growing Preference for Convenient, Affordable, and Healthy Foods and Beverages Drive Demand for Metal Cans, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Metal Cans, Barrels, Drums and Pails market. The global market for Metal Cans, Barrels, Drums and Pails is projected to exceed US$80 billion by 2022, driven by rising consumption of all types of beverages and growing popularity of convenient, cost-friendly, eco-friendly and safe packaging options.

Metal cans represent a convenient, cost-friendly, safe and eco-friendly packaging option as foods and beverages in metal cans chill faster and remain cold for longer times than other packaging alternatives. Metal cans represent the preferred packaging option supported by their attributes of lightweight, environment-friendly due to its 100% recyclability nature, strong and economical. Few of the many reasons responsible for its steady uptake by consumers as well as brands include taste retention, quality retention through product protection, branding appeal, performance benefits, and sustainability. Beverage cans continue to dominate as the largest end-use application for metal cans supported by the fizz and freshness they retain in soft drinks; the flavor protection, portability, and shatterproof benefits they impart to beer; the ruggedness and durability offered by them for energy drinks; and the significant logistics and transportation advantages they provide for all types of beverages.

Healthy growth is projected for the market in the coming years driven by the growing preference of convenient, affordable, safe and healthy foods and beverages. Superior attributes of metal cans over glass bottles that are driving steady demand for the material in food and beverage packaging include protection from light, sealing in carbonation, retaining freshness and flavor, quick chilling, in addition to being portable and shatterproof. Other important growth drivers include increasing consumption of various alcoholic and non-alcoholic beverages worldwide, growing preference for aluminum can in beer and soft drinks packaging, rising demand from the canned food application due to metal packaging’s perceived superiority over plastics and cartons in terms of retaining food flavor as well as maintaining product safety. Additionally, the increasing preference for steel and aluminum as a sustainable bulk packaging option supported by their ‘reduce, recycle, and re-use’ attributes is expected to benefit market prospects in the long term.

As stated by the new market research report on Metal Cans, Barrels, Drums and Pails, the United States represents the largest market worldwide. Given their technological strength, mature markets such as the US, Europe, and Japan continue to rank among the leading nations in product innovation, globally. In particular, the demand for healthy and nutritious food and beverages in the US is expected to witness substantial growth in the coming years translating into steady demand for metal cans. Driven by the younger generation who are the primary consumer group for canned foods, the European metal can market is poised to withstand economic uncertainties and post healthy growth. Asia-Pacific represents the fastest growing market with a CAGR of 5.4% over the analysis period. Expanding retail sector; exponential increase in urbanization; growing awareness about the benefits of nutrient-retaining packaging, increasing demand for energy drinks, sports drinks and functional drinks; and rising consumption of beer, cider and soft drinks represent major growth drivers in the region.

Key players covered in the report include Anheuser-Busch Companies, Inc., Metal Container Corp., ArcelorMittal, Ardagh Group S.A., Ball Corporation, BWAY Corporation, Can-Pack S. A., Cleveland Steel Container Corporation, Crown Holdings, Inc., Rexam Plc, Great Western Containers Inc., Hapag-Lloyd AG, Litalsa Litografía Alavesa, SCHÜTZ GmbH & Co. KGaA, Silgan Holdings Inc., Skolnik Industries, Inc., Tata Steel Group, Tata Steel Packaging, ThyssenKrupp Rasselstein GmbH, Toyo Seikan Group Holdings Ltd., and Universal Can Corporation, among others.

The research report titled “Metal Cans, Barrels, Drums and Pails: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major market participants. The report provides market estimates and projections in value and volume for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Product segments analyzed include Metal Cans (Aluminum Cans, and Steel Cans); Metal Barrels; and Metal Drums & Pails. End-use applications analyzed in volume terms include Beverages, Food, Aerosols, and General Line.

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