European metal can market

According to new analysis, the European metal can market was valued at US$ 17.31 billion in 2020 and is expected to reach US$ 19.95 billion by 2026 with a CAGR of 2.33% from 2021 to 2026. The new "Europe Metal Cans Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report highlights key industry trends.

“The recyclable properties of metal cans are driving the market as manufacturing products from recycled metals uses less energy, reduces carbon emissions and consumes less water than raw materials. Some metals, especially aluminium, are so profitable to recycle that companies pay people and businesses for their used metal. According to Waste Care Corporation, recycled aluminium cans alone generate approximately US$ 800 million each year. In Europe, companies are contributing more sustainability for recycling aluminium,” commented the report.

“BPA-free coatings in the metal can packaging format are ultimately increasing the demand for BPA-free metal cans. The product is gaining prominence due to its distinct features, such as resistance to transportation, hermetically sealed cover, rough handling and easy recyclability,” it added.

The rise in consumer awareness on the application of non-carcinogenic materials in packaging and the increased demand for lightweight packing generates high growth prospects for metal cans. Canned foods have a shelf life of up to five years longer than fresh food.

“The UK is experiencing high demand for packaged food due to rising incomes, ease and convenience as well as the availability of canned food. Consumer trends, such as a preference for small-size and multi-pack packaging formats, support the volume growth of metal cans in the UK food sector. Consumers demand food cans due to their low environmental impact with the increasing environmental concerns. The high recyclability of metal cans is one of the significant drivers for the market studied,” explained the report.

During the COVID-19 crisis, the country witnessed increased demand for online pet food retailers and subscription services to provide pet food during the lockdown. For instance, PetShop.co.uk has experienced a 300% hike in sales.

“The surge in consumer demand for convenience and healthier food because of busy lifestyles, product innovation and increasing numbers of quick-service restaurants is expected to drive the canned soup market in the United Kingdom. An increasing number of consumers are seeking vegan or plant-based products, and the growth of the online retail sector is expected to create lucrative opportunities for market players,” added the report.

“Alcohol consumption in the European region is highest globally, where wine is the popular form of alcoholic beverage consumed in Europe. While glass and plastic packaging have seen extensive usage for many years, metal is becoming more mainstream in areas independent of its traditional market. Craft beers are primary examples where many brewers realise that metal cans do not taint the beer's flavour,” it added.

The aluminium beverage can is one of the world's most popular drinks containers. Europeans use up to 50 billion cans every year (drinking mineral water, soft drinks and alcohol/beer etc.).

For more information on this report, see https://www.researchandmarkets.com/r/uctwtm