Industry and News Food & Beverage Metal Cans Market Share, Size | Page 2

Frequent product innovations and burgeoning demand in developing nations will open new avenues
for this market on the forecast horizon. On the other hand, factors like prerogative given to plastic
packaging, immense competition for recycled cans, and strict regulations pertains to the use of
Bisphenol – A are restraining market growth. Mature markets in developed countries, perpetually
increasing costs of raw materials and the impending threat of plastics completely replacing metal
cans is challenging the market growth. Regulations pertaining to food & metal cans include Food
Safety and Standard Authorities of India (FSSAI), EPA, EU and Nordic Guidelines, and US FDA. The
market ecosystem consists of metal sheet manufacturers, metal refiners, metal can manufacturers,
regulatory authorities, recycling associations, suppliers and distributors, and finally the end users. It
is thus a horizontal market with various downstream vertical businesses.
The food & beverage metal cans market is segmented on the basis of application, material, can
type, and the geographical region. The segments based on application are food and beverages.
These are further classifies as meat & seafood, fruits & vegetables, pet food, convenience food, and
other food products. The beverages segment is categorized as carbonated soft drinks, alcoholic
beverages, sports and energy drinks, and other beverages. Manufacturing materials are steel and
aluminum. The can types include 2-piece cans and 3-piece cans. The geographical regions for this
market are Asia Pacific, Europe, North America, and Rest of the World (RoW).
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The beverages segment currently leads the market and is projected to dominate in the forecast
period too. This can be attributed to the rise in demand for customized cans for alcoholic drinks,
energy drinks, carbonated soft drinks, and juices. On the other hand, metal cans for fruits &
vegetables are expected to reach the high water mark in terms of CAGR over the forecast period, as
canned fruits & vegetables have better shelf-life. Aluminum is expected to be in great demand for
canning technology in the forecast period owing to superior properties like chemical inertness,
better resistance to corrosion, impermeability, and lighter weight. While 2-piece cans segment is
growing at a phenomenal CAGR.