The cans market is poised for significant growth in the coming years. It is anticipated that the global cans market will witness substantial expansion, with an estimated value of US$ 36.99 billion by the year 2023. Looking ahead, can manufacturers can anticipate a steady compound annual growth rate (CAGR) of 3.9% from 2023 all the way through to 2033. This sustained growth trajectory is expected to propel the cans market to reach an impressive US$ 54.23 billion by the year 2033. This promising outlook reflects the enduring demand for cans across various industries and underscores their enduring popularity as a packaging solution.

The surge in processed food and beverage consumption, coupled with a focus on extending product shelf life, and the simultaneous rise in disposable income, are identified as pivotal factors expected to drive the demand for cans in the foreseeable future. This confluence of factors underscores the growing preference for canned packaging solutions, as consumers seek convenience, durability, and enhanced preservation capabilities for their favorite food and beverage products. As the demand for processed and packaged goods continues to rise, cans emerge as a favored choice, positioned to cater to evolving consumer preferences and market dynamics.

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Cans are best suited for preserving food as it prevents growth of microorganisms that cause foodborne illnesses. Being 100% recyclable, food cans are expected to be the ideal packaging choices for manufacturers across the globe. They are nowadays emphasizing sustainable packaging solutions.

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Leading Trend Stimulating Cans Sales

Soaring Demand for Recyclable Packaging Solutions

Single-use plastic bottles, notorious for their recycling challenges, continue to dominate the beverage packaging landscape. However, heightened concerns surrounding pollution and global warming have led governments to enact regulations, forcing a shift away from single-use plastic products.

According to the Maine Department of Environmental Protection, aluminum cans offer a compelling alternative. Companies can reintroduce an aluminum can to store shelves in as little as 60 days after recycling. Manufacturers are actively exploring aluminum cans as a potential substitute for single-use plastic bottles, aiming to mitigate the adverse environmental impact. An advantage of aluminum cans lies in their recyclability—these cans can be recycled indefinitely without compromising product quality.

The global cans market is poised for significant growth in the coming decade, driven by the escalating demand for packaging solutions that are not only recyclable but also reusable and sustainable. As environmental consciousness takes center stage, the shift towards aluminum cans reflects a broader industry commitment to addressing ecological concerns and fostering a more sustainable packaging ecosystem.

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Top Major Players:

Some of the leading participants in the global cans market are Ball Corporation, Mondi Group, Novelis Inc., Crown Holdings, Inc., Silgan Holding Inc., Ardagh Group S.A, Orora Packaging Australia Pty. Ltd., the Olayan Group, Ardagh S.A., Canpack, CPMC Holdings Ltd., Bangkok Can Manufacturing ,Nampak Ltd., Mahmood Saeed Beverage Cans & Ends Industry Company Ltd,Kian Joo Can Factory Berhad, Swan Industries (Thailand) Company Ltd, GZ Industri, Toyo Seikan Co., Ltd. and Envases Group.

Key Market Players

  • Ball Corporation,
  • Mondi Group,
  • Novelis Inc.,
  • Crown Holdings, Inc.,
  • Silgan Holding Inc.
  • Ardagh Group S.A
  • Orora Packaging Australia Pty. Ltd.
  • The Olayan Group
  • Ardagh S.A.
  • Canpack
  • CPMC Holdings Ltd.
  • Bangkok Can Manufacturing
  • Nampak Ltd.
  • Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
  • Kian Joo Can Factory Berhad
  • Swan Industries (Thailand) Company Ltd.
  • GZ Industries Ltd.

Key Segments

By Material Type:

  • Aluminum
  • Steel/Tin Plated
  • Plastic
  • Paper Composites

By Capacity:

  • Up to 200 ml
  • 201 to 750 ml
  • More than 750 ml

By End Use:

  • Food
  • Beverages
    • Alcoholic Beverages
    • Non-alcoholic Beverages
  • Healthcare
  • Cosmetics & Personal care
  • Homecare Products
  • Paints & Lubricants
  • Other Consumer Goods (Gifts, Toys, Merchandizing, etc.)

By Region:

  • North America
  • Latin America
  • Europe
  • The Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

Competitive Landscape:

Leading cans manufacturers are increasing their production capacity to meet the growing demand for aluminum cans across food, beverages, personal care & cosmetics, pharmaceuticals, and paints & lubricants industries.

Meanwhile, other pivotal cans manufacturers are expanding their product portfolios to cater to the growing demand for aluminum cans in various industries.

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