Brazil accounts for 38.7% of the market share, followed by Argentina with 34%, while the remaining countries account for 26.5%.

The graph shows the metal cans market in Latin America, broken down by country. There is a constant growth on the market, with a Compound Annual Growth Rate (CAGR) of 9.3%. At 2023, Brazil has the  most significant share of the market, followed by Argentina and then by the rest of Latin America.

As for the key details of the graph in the growth section, the graph shows a constant growth year after year, which demonstrates a constant increase in demand, doubling this figure in just a decade. In summary, the metal can market in Latin America is on the rise, with Brazil leading in terms of market share.

The Latin America metal cans market is estimated to grow at a CAGR of 9.3% to reach a valuation of US$7,645.18 million by 2030, from its current valuation of US$4,171.60 million in 2023.

Latin American metal can market analysis and forecasts

The Latin American metal can market is experiencing significant growth driven by several factors, such as increasing urbanization, rising disposable income and a shift in consumer preferences towards convenient and sustainable packaging solutions.

Metal cans have gained popularity in industries such as food and beverage, pharmaceutical and personal care due to their superior characteristics such as durability, recyclability and recyclability.

In addition, growing awareness of environmental sustainability is further driving the demand for metal cans as they are inherently environmentally friendly and can be recycled multiple times without compromising their quality.

The food and beverage sector dominates the Latin American market for metal cans, with a substantial share of global demand.  This can be attributed to the widespread use of metal cans for packaging various foods such as fruits, vegetables, seafood and beverages such as beer and carbonated beverages.

On the other hand, the convenience offered by metal cans in terms of ease of storage, transportation and shelf life extension makes them the preferred choice of both consumers and consumers. With the increase in consumption of packaged food and beverages in Latin America, especially in emerging economies such as Brazil, Mexico and Argentina, demand for metal cans is expected to experience steady growth in the coming years.

In addition, technological advances in metal can manufacturing processes have led to the development of lightweight and innovative designs, increasing the attractiveness of metal cans in the packaging industry.

By country, the data analysis shows the projected size of the metal cans market in Latin America from 2021 to 2030, segmented by country (Brazil, Argentina and Rest of Latin America). Values are expressed in millions of US dollars and also include the Compound Annual Growth Rate (CAGR) for the period from 2023 to 2030.