MARKET OVERVIEW - EUROPE METAL CANS MARKET
Metal cans are containers used for the storage purpose of goods. These metal cans serve the purpose of packaging various commodities such as food and beverage products, oil, chemicals, and others. It is composed of steel, tin, and aluminum. Features of metal cans are hermetically sealed cover, resistance to transportation and irregular handling, and easy recyclability. It widely finds it applications in the food and beverage industry. Metal cans are lightweight and simple to stack. The changing consumer lifestyles, increasing use in the food and beverage packaging industry, and growth in personal care products are the major factors driving the growth of the market.
MARKET DRIVER
The growing demand for packed food products owing to the changing lifestyle of individuals is expected to drive the market over the predicted years. Also, the increasing need for lightly weighted packaging expects a boost to the market in the coming years. The increasing consumption of packaged and processed food and beverage is the main factor supporting the market growth. The companies are increasingly introducing health-based ready meals, cater to the unmet needs of health-conscious individuals, following an active and healthy lifestyle. Also, the increasing consumption of alcoholic and non-alcoholic beverages, such as beer and carbonated drinks, in the European region, there is significant demand for metal cans. According to Barth-Hass Group, Germany was Europe’s top beer producer in 2021. The beer products in Germany were over 85 million hl which more than twice as much as produced in the UK. With 82 million hl, Russian output was the second-largest in Europe. Moreover, the rising awareness and concerns among the population for use of non-carcinogenic packaging materials is anticipated to fuel the market.
MARKET OPPORTUNITY
The product differentiation and the use of eco-friendly products and practices are likely to acts as market opportunities. Eco-friendly packaging is easy to recycle, safe for individuals and the environment, and is made out of recycled materials. It uses materials and manufacturing practices with minimal on energy consumption and natural resources. Consumers are increasingly concerned about the environmental consequences of packaging business are under pressure from consumers and governments to use eco-friendly packaging for their products. These factors are expected to provide an ample opportunity for the market.
MARKET RESTRAINT
The volatility in raw material prices, and the lack of the microwave's ability compared to other alternatives such as paper and plastic can limit the market. Also, the presence of polymeric materials for packaging applications restricts market growth. These factors are expected to restraint the market growth.
MARKET GROWTH CHALLANGE
The increasing use of bio-based plastics in food and beverage packaging poses a major challenge for metal can manufacturers in the market. Therefore, increasing adoption of bio-based plastics for the packaging industry, mainly food and beverage can makers, will challenge the growth rate of the market.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the Europe metal can market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The high demand for the sale of aerated and non-aerated beverages is expected to witness metal can market growth at a specific CAGR from 2022-2028.
EUROPE METAL CANS MARKET SEGMENTAL OVERVIEW
The Europe metal cans market comprises different market segment like material, fabrication, end-user and country.
EUROPE METAL CANS MARKET BY MATERIAL
By material, the metal cans include key segment of
The aluminium cans segment is expected to dominate the market over the forecast period. This is so because aluminium is a lightweight material and is extremely non-reactive. Also, due to the higher recycling rates, aluminum cans are seeing increased penetration of metal cans. The relative sustainability of aluminum as a base material has led metal manufacturers to use this material to meet consumer demand of environmentally friendly products and packaging.
EUROPE METAL CANS MARKET BY FABRICATION
By fabrication, the metal cans include key segment of
- Two Piece Metal Can
- Two Piece Drawn and Ironed Cans
- Three Piece Metal Cans
- Sculptured Metal
The two-piece metal can segment is expected to dominate the market over the forecast period. Two-piece tins are easy to make, durable and very convenient to carry and stack. Two-piece metal can provide superior protection to extend shelf life and reduce food waste. Two-piece can consist of a can body and a removable end, and they are commonly used for beverages, such as soft drinks, beer, and energy drinks, as well as, for food products, such as soups and vegetables.
EUROPE METAL CANS MARKET BY END-USER
By end-user, the metal cans include key segment of
- Food & Beverage
- Cosmetics and Personal Care
- Pharmaceutical
The food and beverage segment are expected to dominate the market over the forecast period. Metal cans are most widely used for beverages. Aluminum and tin-plated steel are majorly used for packaging the beverages, such as carbonated soft drinks, alcoholic beverages, herbal teas, energy drinks in addition to fruit and vegetable juices. The growing trend in the canned food market is innovations in packaging. With an increase in demand for chemical-free canned foods, manufacturers are focusing on innovations in packaging. Many brands of canned food products have started offering food in BPA-free containers.
EUROPE METAL CAN MARKET BY COUNRTY
By country, the metal can include key segment of
- United Kingdom
- Germany
- Spain
- Italy
- France
- Rest of Europe
The United Kingdom is expected to dominate the market over the forecast period. The rising income, ease and convenience, and availability of canned food. Also, the consumer trends, such as a preference for small-size and multi-pack packaging formats, supports the volume growth of metal cans in the food sector of the United Kingdom. Also, due to shifts in consumer trends and preferences, beverage cans are gaining momentum in specialty drink categories. Carbonated and flavoured waters are successfully growing in cans. Furthermore, the vendors in the market seized the growing popularity of canned fruits and launched innovative products for profits. For instance, in May 2020, Cooks and CO. launched Banana Blossom, which is often used in South Asia Countries. It is a fleshly purple-skinned flower that grows at the end of the banana fruit clusters. Thus, the growing innovative product launches in the country is expected to drive the market growth.
COVID-19 IMPACT ANALYSIS ON EUROPE METAL CAN MARKET
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the Europe metal Can market. In addition, a complete analysis of changes on the Europe metal Can market expenditure, economic and international policies on supply and demand side is included in this exclusive report. The report also studies the impact of pandemic on economies, international trade, business investments, GDP, and the marketing strategies of key players present in the market. The COVID-19 outbreak has affected various industries around the world. The metal can market has also had a huge impact. As the governments around the country have taken strict measures such as border seals, lockdowns and implementing strict social distancing measures to stop the rapid spread of COVID-19. These measures have had serious repercussions on the global economy, affecting various industries. These factors are expected to affect the demand for metal can market.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the Europe metal cans market is primarily focused on expanding the growth of the Europe metal cans market through new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in the market has led to growing demand for the market. Besides, the market offers a range of products to fulfil the required demand of consumers, which further contributes to healthy growth in the market.
The key players studied in market are
- Thermo Fisher Scientific Inc.
- Bruker
- Magritek
- Oxford Instruments
- JEOL Ltd.
- Shimadzu Corporation
- Nanalysis Corp.
- Anasazi Instruments, Inc.
- QOneTec
- Advanced Magnetic Resonance Limited
- Acorn NMR
- Angstrom Advanced Inc.
- Ocean Insight
- Bruker
- Spinlock
RECENT DEVELOPMENT:
October 2021: Leading metal packaging manufacturer Crown Holdings has announced a collaboration with Velox Ltd., an innovative developer, and manufacturer of direct-to-shape digital decoration solutions, to provide beverage brands with game-changing digital decoration technology for both straight wall and necked aluminum cans.
October 2021: Silgan Holdings acquired Easytech Closures, a leading manufacturer of easy-open and sanitary metal ends used with metal containers primarily for food applications in Europe.
