Food & Beverage Metal Cans Market Worth $37.0 Billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, March 31, 2020 /PRNewswire/ -- According to the new market research report "Food & Beverage Metal Cans Market by Material (Aluminum and Steel), Type (2-Piece and 3-Piece), Degree of Internal Pressure (Pressurized Cans and Vacuum Cans), Application (Food and Beverages), and Region - Global Forecast to 2025", published by MarketsandMarkets, the Food & Beverage Metal Cans Market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1%. The rapid growth in awareness toward environmental sustainability and recyclable properties of metal cans are the driving factors for the food & beverage metal cans market.

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The aluminum segment is projected to witness significant growth during the forecast period

Based on material, the food & beverage metal cans market is segmented into aluminum and steel. The aluminum segment is projected to witness significant growth during the forecast period. Aluminum is majorly used as a raw material for manufacturing of metal cans. It is a very cost-effective raw material used in the food & beverage industry and can customize packages with colors, 3D prints, and embossing. Its lightweight, impermeable, and high flexibility properties make it ideal for packaging; the segment accounted to have a significant share in the food & beverage metal cans market.

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121 – Tables
40 – Figures
160 – Pages

The 2-piece cans segment is accounted to have the major share in the food & beverage metal cans market during the forecast period

Based on type, the food & beverage metal cans market is segmented into 2-piece cans and 3-piece cans. The 2-piece cans are estimated to account for the larger share for food & beverage metal cans market, because of its high usage in the beverage industry. The 2-piece cans are suitable for packaging of carbonated and non-carbonated beverages such as beer, wine, sports drinks, and fruit juices. Moreover, 2-piece food cans are lightweight and are available with a stackable feature as a result of which they can be placed on top of each other for neat stacking on the shelf, thus saving shelf space. Thus, the demand for 2-piece cans is high in the food & beverage metal cans market.