75 billion dollars by 2028

Global metal cans market to reach $75 billion by 2028

The global metal cans market  registered a significant expansion, reaching US$64.8 billion in 2022. Experts estimate that it will grow even more by 2028, reaching 75.7 billion with a compound annual growth rate (CAGR) of 2.63%.

The food and beverage industry has seen an increase in the production of these canned products, especially energy and carbonated beverages, as well as iced teas, soft drinks and alcoholic beverages. In addition, the increasing demand for eco-friendly cans due to growing environmental awareness is acting as another growth driver. Metal cans are highly recyclable compared to other materials, such as plastic or glass, and can be reused and recycled without any loss in performance.

Companies are investing in customized product designs to gain reactions among consumers and enhance brand image. In addition, there are innovations in terms of can systems and properties such as anti-microbial and anti-microwave to make packaging more efficient, contributing to market growth.

The canned food industry is undergoing a major expansion thanks to the increased demand for industrial products for packaging, the development of flip-top cans and the fact that many people do not have time to cook because of their busy lives. These factors contribute to the boom in the sector.