Food and Beverage Metal Cans Market

Rest of the world

The sub-regional segments of the Rest of the World (RoW) region considered for this study include Africa and the Middle East. According to the Parliamentary Monitoring Group, 71% of South Africa’s population will live in urban areas by 2030, showing that South Africa is rapidly urbanizing. The rate of urbanization in Africa is limited to a few countries, such as South Africa and Nigeria. However, the other parts of the country are experiencing greater urbanization. This has led to increased demand for food and beverages in Africa, as consumption of healthy foods rises with rising incomes.

Changing consumer preferences and gradually increasing consumption of processed food and beverages in the region are driving the packaging market; low per capita consumption of processed food compared to developed economies creates potential for further growth in demand for these products; this, coupled with consumer preference for convenience packaging, is set to drive the global beverage packaging market in RoW.

Increased consumption of health-enriching beverages is an important trend observed in this region. Therefore, this factor is anticipated to drive the demand for metal beverage cans to reduce spoilage and extend shelf life. Due to these factors, the growth of metal packaging has great potential in the region.

A.D.R.: FOOD & BEVERAGE METAL CANS MARKET SIZE, BY REGION, 2018-2025 (USD BILLION)

A.D.R.: FOOD AND BEVERAGE METAL CANS MARKET SIZE, BY REGION, 2018-2025 (BILLION UNITS)

The market in Africa is projected to grow at a higher CAGR during the forecast period due to increased consumption of healthy beverages and growing demand for convenience food and beverages. Thus, Africa is projected to grow at a compound annual growth rate of 3.1 per cent, in value terms, over the forecast period.

A.D.R.: FOOD & BEVERAGE METAL CANS MARKET SIZE, BY MATERIAL, 2018-2025 (USD BILLION)

A.D.R.: METAL FOOD AND BEVERAGE CANS MARKET SIZE, BY MATERIAL, 2018-2025 (BILLION UNITS)

A.D.R.: FOOD & BEVERAGE METAL CANS MARKET SIZE, BY APPLICATION, 2018-2025 (USD BILLION)

R.D.M.: FOOD & BEVERAGE METAL CANS MARKET SIZE, BY APPLICATION, 2018-2025 (BILLION UNITS)

A.D.R.: METAL FOOD CANS MARKET SIZE, BY SUB-SEGMENT, 2018-2025 (USD BILLION)

A.D.R.: METAL FOOD CANS MARKET SIZE, BY SUB-SEGMENT, 2018-2025 (BILLION UNITS)

M.D.R.: METAL BEVERAGE CANS MARKET SIZE, BY SUB-SEGMENT, 2018-2025 (USD BILLION)

RDM: METAL BEVERAGE CANS MARKET SIZE, BY SUB-SEGMENT, 2018-2025 (BILLION UNITS)

In the RDM region, aluminum has dominated the market due to its high sustainability. In addition, aluminium consumes less energy during the recycling process. On the basis of application, the beverages segment has dominated the market owing to the growing consumption of non-carbonated beverages in the region. Further, the food segment is projected to grow at a higher CAGR during the forecast period owing to a shift in consumer trend towards ready-to-eat habits and increasing production of processed foods

Africa

RAPIDLY DEVELOPING CITIES AND CHANGING CONSUMPTION TRENDS IN THE REGION FOR SPORTS AND ENERGY DRINKS WILL BOOST THE METAL PACKAGING MARKET

Africa is an emerging region for the consumption of processed and packaged foods and beverages. Growing awareness about the benefits of canned food and beverages is a major factor that is anticipated to contribute to the growth of the metal packaging market in Africa. In recent years, there has been a growing trend among Africans in the consumption of alcoholic beverages, which is contributing significantly to the growth of the metal packaging market in the region. As South Africa has experienced rapid growth in terms of urbanization, 63% of South Africans live in urban areas, according to the Parliamentary Monitoring Group, and this number may increase to 71% by 2030. In Africa, the beverage industry plays a key role in the growth of metal packaging due to consumer preferences for sports and energy drinks. Therefore, the demand for beverage containers remains high in the country. These factors contribute to the overall growth of the metal food and beverage cans market during the forecast period.

AFRICA: FOOD & BEVERAGE METAL CANS MARKET SIZE, BY APPLICATION, 2018-2025 (USD BILLION)

AFRICA: FOOD & BEVERAGE METAL CANS MARKET SIZE, BY APPLICATION, 2018-2025 (BILLION UNITS)

On the basis of the application, the beverages segment has dominated the market. It is projected to register a significantly higher CAGR in terms of volume during the forecast period, due to increasing consumer preferences for sports and energy drinks. Moreover, due to high temperatures in the region, the demand for carbonated beverages is increasing, which is significantly contributing to the growth of the metal beverage containers market in the region

Middle East

GROWING CONSUMER TRENDS TOWARDS CANNED BEVERAGES MEAN POTENTIAL GROWTH FOR METAL PACKAGING

Key countries considered in the Middle East for the purpose of the study include Egypt, Turkey, Israel and Iran. The growing consumer trend towards canned carbonated and non-carbonated beverages offers growth potential in the region. Consumer health and environmental awareness and busy lifestyles of people have been the major drivers for the growth of the food and beverage industry in this region. The region’s processed food and beverage industry provides the necessary impetus to the packaging industry, allowing it to grow at a competitive pace. Therefore, the metal packaging market is expected to grow significantly in the region.

MIDDLE EAST: FOOD & BEVERAGE METAL CANS MARKET SIZE, BY APPLICATION, 2018-2025 (USD BILLION)

MIDDLE EAST: FOOD & BEVERAGE METAL CANS MARKET SIZE, BY APPLICATION, 2018-2025 (BILLION UNITS)

In terms of value, the food segment is projected to register a higher CAGR during the forecast period due to increase in the consumption rate of processed food. Moreover, the packaging of processed foods is done in steel cans, which are more expensive than aluminum cans, contributing significantly to the growth of the food packaging segment. In addition, the beverages segment dominated the market by value and volume due to the growth potential offered by carbonated and non-carbonated beverages.