Global Metal Cans Market Size & Outlook, 2022-2030
Global metal cans market, 2018-2030 (US$M)
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Global metal cans market highlights
- The global metal cans market generated a revenue of USD 65,369.8 million in 2022 and is expected to reach USD 105,508.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.2% by 2030.
- In terms of segment, aluminum accounted for a revenue of USD 52,172.3 million in 2022.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 65,369.8 million |
| Market revenue in 2030 | USD 105,508.1 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Aluminum |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Steel |
Other key industry trends
- In terms of revenue, the North America accounted for 32.4% of the global metal cans market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 4,099.2 million by 2030.
Aluminum was the largest segment with a revenue share of 79.81% in 2022. Horizon Databook has segmented the Global metal cans market based on aluminum, steel covering the revenue growth of each sub-segment from 2018 to 2030.
Metal cans market in Asia Pacific is expected to witness substantial growth during the forecast period owing to an increase in the recycling rate of used metal cans. The growing demand for optimum utilization of natural resources in the region has accelerated recycling activities and increased the reuse of metals in Asia Pacific.
Metal recycling has garnered increased support from government agencies such as the Food Safety and Standards Authority of India (FSSAI) and Asia Pacific Partnership on Clean Development and Climate (APP) in the region. Moreover, metal recycling market in the region is also expected to be benefitted from the municipal recycling programs initiated in countries such as Indonesia, Malaysia, Australia, and India.
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Metal Cans Market Scope
Metal Cans Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global metal cans market size, by region, 2018-2030 (US$M)
Top 10 countries: Metal cans market size, 2022 (US$M)
Global metal cans market share, by material, 2022 & 2030 (%, US$M)
Metal cans market: Opportunity assessment by country
Global metal cans market, by region, 2022 (US$M)
| Material | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 17,593.8 | 18,235.1 | 19,002.3 | 20,027.7 | 21,149.1 | 22,349.7 | 23,632.5 | 25,001.2 | 26,463.1 | 28,022.5 | 29,686.9 | 31,469.1 | 33,383.5 | 5.9% |
| Europe | 13,438.2 | 13,968.5 | 14,598.5 | 15,431.0 | 16,342.3 | 17,320.6 | 18,370.0 | 19,496.3 | 20,707.8 | 22,010.5 | 23,410.9 | 24,915.8 | 26,533.7 | 6.3% |
| Asia Pacific | 11,667.2 | 12,124.1 | 12,668.0 | 13,407.6 | 14,239.8 | 15,123.7 | 16,098.8 | 17,159.8 | 18,295.1 | 19,525.5 | 20,871.7 | 22,318.4 | 23,873.3 | 6.7% |
| Latin America | 7,231.8 | 7,532.2 | 7,887.7 | 8,354.1 | 8,865.1 | 9,414.7 | 10,007.7 | 10,647.5 | 11,338.9 | 12,085.9 | 12,893.9 | 13,767.7 | 14,713.8 | 6.5% |
| MEA | 4,037.8 | 4,182.5 | 4,355.0 | 4,565.8 | 4,773.5 | 4,994.5 | 5,230.2 | 5,481.6 | 5,749.2 | 6,033.8 | 6,337.3 | 6,659.9 | 7,003.8 | 4.9% |
| Overall | 53,968.8 | 56,042.3 | 58,511.5 | 61,786.2 | 65,369.8 | 69,203.3 | 73,339.2 | 77,786.3 | 82,554.1 | 87,678.1 | 93,200.6 | 99,130.9 | 105,508.1 | 6.2% |
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