Cans Market Size, Share, CAGR & Forecast Report for 2032

ByNiranjan karde

The market for cans is predicted to reach a value of around US$ 35.6 Bn in 2022 and increase at a CAGR of 3.8% from 2022 to 2032. In 2032, the market is anticipated to reach US$ 51.6 billion.

In the coming ten years, the market for cans is expected to experience considerable growth potential. Some of the major reasons anticipated to fuel demand for cans over the forecast period are rising disposable income, increased consumption of processed foods and beverages, and improved product shelf life.

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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Cans

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.   

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Cans market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Cans Market Takeaways and Projections

  • The U.S. is expected to lead the North America Cans market, projecting the fastest growth in the region between 2022 and 2032
  • Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

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Report Benefits & Key Questions Answered

  • Cans Historical Market Analysis: The detailed survey by FMI, examines key factors in the Cans market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Cans market for the forecast period 2022-2032.
  • Cans Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Cans for the assessment period. As per the study, the demand for Cans will grow at a robust CAGR between 2022 and 2032.
  • Cans Market Trend Analysis: The latest study by FMI on the Cans market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Global Cans Market Outlook by Category

By Material Type:

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

By Capacity:

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

By End Use:

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

By Region:

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

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