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 5.2% 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 in the market
include Anheuser-Busch Companies Inc., ArcelorMittal S.A., Ardagh Group S.A.,
Ball Corporation, BWAY Corporation, Can-Pack S. A., CCL Industries Inc.,
Cleveland Steel Container Corporation, CPMC Holdings Limited, Crown Holdings
Inc., Daiwa Can Company, Great Western Containers Inc., HUBER Packaging Group
GmbH, Industrial Container Services LLC, Pacific Can, SCHÜTZ GmbH & Co.
KGaA, Silgan Holdings Inc., Skolnik Industries Inc., Tata Steel Group,
ThyssenKrupp Rasselstein GmbH, Toyo Seikan Group Holdings Ltd., U. S. Steel
Košice s.r.o., 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.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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