Report Overview
The Asia Pacific metal cans market is poised for substantial growth, driven by a combination of factors that align with sustainability and consumer preferences. With an estimated value of USD 13.40 billion in 2021, the market is anticipated to expand at a CAGR of 6.6% from 2022 to 2030. The environmental benefits of metal cans, including their recyclable nature and minimal waste generation, are expected to play a significant role in driving growth during this period. In addition to environmental concerns, increasing demand for canned products is also anticipated to positively impact the market. Moreover, government restrictions on plastic packaging have created an opportunity for metal cans to take center stage, particularly in the packing of vegetables, soups, noodles, meat, and other food items. The Asia Pacific metal cans market is expected to witness significant growth due to increasing recycling rates and efforts to optimize natural resource utilization. As consumers become more environmentally conscious, companies are adopting sustainable practices, such as implementing efficient recycling programs and promoting the reuse of metals. However, it's worth noting that variations in recycling rates across countries in the region can impact market performance. Japan, for instance, boasts an organized network of aluminum scrap recycling, setting a high standard for other countries to follow. As the market continues
The government has been actively promoting metal recycling through initiatives with key organizations, including the Food Safety and Standards Authority of India (FSSAI) and the Asia Pacific Partnership on Clean Development and Climate (APP). This increased support is expected to boost the local market for metal recycling in countries like Indonesia, Malaysia, Australia, and India.
Growing interest from manufacturers and consumers alike is driving the growth of the metal cans market in the Asia Pacific region. The surge in demand for sustainable packaging options from countries such as South Korea, India, China, and Malaysia is expected to fuel this expansion. According to data from the Observatory of Economic Complexity (OEC), South Korea imported scrap aluminum worth USD 88.1 million in the financial year 2019-2020. In contrast, other regional players, including India, China, and Malaysia, reported imports of scrap aluminum valued at USD 74.2 million, USD 553 million, and USD 204 million respectively during the same period.
The versatility of aluminum as a material is evident in its ability to be recycled endlessly without compromising its quality. As the industry continues to invest in establishing efficient recycling infrastructures, particularly in the Asia Pacific region, this trend is expected to have a significant impact on the market for metal cans. The development of advanced segregation and collection units for aluminum scrap by leading players will drive growth in the region from 2022 to 2030, with the resulting infrastructure playing a crucial role in supporting the sustainability of the metal can industry.
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Material Insights
In 2021, aluminium played a significant role in the market, accounting for 84.3% revenue share, and is anticipated to see substantial growth over the forecast period from 2022 to 2030 with a CAGR of 7.0%. This rise can be attributed to the added benefits it provides to packaged beverages, such as extended shelf life. The increasing demand in Asia Pacific for aluminium is driven by its ease of cooling and heating for sterilization purposes, which enables efficient production. Furthermore, aluminium's ability to maintain product structure and integrity in canned products manufactured from it also contributes to its appeal.
Aluminum's unique blend of characteristics makes it an ideal material for packaging applications, offering a harmonious balance between functionality, aesthetics, and sustainability. Its excellent barrier properties shield contents from external elements, while its physical protection provides added security against damage. Moreover, aluminum's versatility allows for various decorative options, enhancing the overall product appeal. Additionally, its formability enables easy manufacturing into diverse shapes and sizes, meeting specific consumer preferences. Furthermore, consumers tend to favor aluminum packaging due to its eco-friendly nature and recyclability, reducing waste and minimizing environmental impact. This makes it an attractive choice for beverage cans, where a barrier layer helps preserve flavor and aroma by preventing light and gas exposure.
The humble aluminum can - a leader in eco-friendly packaging. With an impressive 70.0% of its content made from recycled metal, these lightweight containers not only reduce carbon emissions during transportation but also streamline logistics operations through efficient stacking and storage. The versatility of aluminum cans is undeniable, as they can be customized with unique colors, 3D prints, and embossing options to create visually appealing designs that captivate consumers. As a result, the demand for sustainable aluminum cans is on the rise in Asia Pacific, driven by growing environmental awareness and the need for eco-friendly packaging solutions.
Product Type Insights
In 2021, the 2-Piece Drawn and Ironed (D&I) segment accounted for a significant revenue share of 67.6%, underscoring its substantial market presence. This segment is also expected to maintain its leading position throughout our forecast period, driven by its distinctive manufacturing process that incorporates various stages such as shearing, cupping, redrawing, drawing & ironing, trimming, necking, and flanging of cans.
In the rapidly evolving beverage industry, certain product segments are poised to experience remarkable growth. The 2-Piece draw and ironed segment is anticipated to witness the fastest growth, with a CAGR of 7.4% during the forecast period. These cans prove ideal for pressure-packed beverages such as beer, juices, soft drinks, and carbonated beverages, which require immediate consumption following opening. Interestingly, the unique design allows a strong internal pressure to counteract the rigidity of the thin can wall when used for packaging beer.
Aluminum's versatility in can manufacturing stems from its exceptional gas barrier capabilities, opacity, and sealing qualities, which safeguard the beer's quality within the 2-piece draw and ironed can. This results in consistent flavor profiles and aromas. Moreover, aluminum enables fast filling processes using traditional isobaric methods, which is particularly beneficial for efficient production lines. Nonetheless, manufacturing these cans demands stringent material properties, specific can-making technologies, and specialized equipment to ensure optimal performance.
Closure Type Insights
The easy-open-end (EOE) closure type has firmly established itself as a leading force in the market, accounting for a substantial revenue share of 77.9% in 2021. This segment is poised to maintain its position of dominance throughout the forecast period, driven by increasing demand for convenient and user-friendly packaging solutions. In EOE closures, the metal tab is cleverly integrated into a partially cut shell end, facilitating effortless opening of cans, particularly those used in carbonated beverages and beer.
Over the past decade, the adoption of Electronic Organizers and Electronic Openers (EOE) has seen significant growth, driven by their sleek design featuring high-quality metal components that resist corrosion and can be effortlessly opened without the need for tools. Moreover, the rising consumption of beverages in major economies across the Asia Pacific region is also fueling the expansion of this segment.
In recent years, Asia has witnessed a substantial rise in its alcohol consumption and retail expenditure. This uptick can be attributed to several factors, including heightened stress levels, easy access to alcohol, and the growing trend of individuals living alone within nuclear families. As a result, there is a significant surge in demand for aluminum cans with Enhanced Oxygen Evolution (EOE) capabilities designed specifically for packaging spirits and beer in this region.
Application Insights
The beverages segment emerged as the leading contributor to the metal cans market in 2021, accounting for a significant 67.9% share by value. This dominance is expected to persist through 2030, driven by the convenience, unbreakability, and light-proof nature of metal cans specifically designed for beverage packaging. Their excellent barrier properties against oxidation and temperature make them an attractive choice for protecting sensitive drinks during transportation and storage.
The humble metal can plays a vital role in our daily lives, serving as a reliable vessel for a wide range of beverages, including carbonated soft drinks, alcoholic beverages, herbal teas, energy drinks, and fruit and vegetable juices. With over 75% of global metal can production attributed to aluminum, it's clear that this versatile material has earned its place at the top of the packaging hierarchy.
The Asia Pacific beverages metal cans market can be divided into four distinct segments: carbonated soft drinks, alcoholic beverages, fruit and vegetable juices, and other beverages. Notably, the alcoholic beverages segment currently holds a significant lead in terms of revenue share, accounting for 39.6% of the total market in 2021. Additionally, this segment is predicted to maintain its position of dominance throughout the forecast period, with an anticipated CAGR of 7.2% from 2021 to 2030.
Tin metal cans are proving to be less effective in preserving acid-based citrus fruits and vegetable juices, which could negatively impact demand for these can types in the Asia Pacific region going forward. On a related note, beverage giants such as The Coca-Cola Company and PepsiCo have formed partnerships with bio-based chemical manufacturers like Gevo and Virent to develop bio-based plastics used in packaging products. This development poses a challenge to the metal cans market in Asia Pacific during our forecast period.
Regional Insights
China's position as a leading player in the Asia Pacific metal cans market is set to endure, with a projected 43.8% revenue share by 2021 and an expected continuation of dominance through to 2030. The country's volume lead can be attributed to its substantial contribution to global aluminum and steel production, alongside low manufacturing costs that surpass those of European and North American competitors. Furthermore, China's availability of skilled labor at a lower cost provides a distinct advantage over the market, setting it apart from its counterparts in terms of manufacturing metal cans.
In China, aluminum production is significantly bolstered by the strategic presence of Special Economic Zones (SEZs), which provide essential resources such as electricity and tailored tax incentives that benefit local aluminum manufacturers. The country's dominance in this sector is underscored by major players like Aluminum Corporation of China Limited, Luneng Jinbei - Yuan ping Alumina Refinery, Shandong Weiqiao Aluminum and Power Co., Ltd., and Shandong Xinfa Aluminum Group, all contributing to a surplus in aluminum supply that renders it competitively priced for metal can manufacturers.
The soft drink segment holds a significant lead, accounting for 80.9% of the regional market's revenue share in 2021. This dominance is expected to be sustained throughout the forecast period. In fact, according to data from the China Beverage Industry Association (CBAI), the Chinese soft drink retail market was valued at USD 142.0 billion in 2019, boasting a substantial presence within the country's beverage sector. Notably, there has been an upward trend in the consumption of sparkling water, soda water, tea, as well as low-calorie and sugar-free beverages, driven by the growing demand from health-conscious Chinese consumers in recent years.
Key Companies & Market Share Insights
The Asian Pacific metal cans market is a dynamic and competitive space, dominated by an array of prominent players - both large corporations and smaller entities. Notable companies such as Ball Corporation, CROWN Holdings, Inc, CPMC Holdings Limited, ORG Packaging Co. Ltd, Sunrise Group Co., Ltd (Shengxing Group), and BWAY Corporation, have established a strong presence in the market. These industry giants are continually driving growth through strategic expansions of production capacities, innovative product offerings, and acquisitive strategies aimed at bolstering their share in this rapidly evolving market landscape.
In 2022, Ball Corporation made a significant investment of around USD 131.4 million (INR 1,000 Crore) in developing two manufacturing plants for aluminum can and bottle production in India, marking an important step towards expanding its presence in the region. Similarly, Crown Holdings, Inc. took steps to enhance its metal can production capacity in key markets such as the U.S., Spain, Canada, and Thailand in 2020. The company achieved this by adding new manufacturing lines to its existing facilities. The growing demand for sustainable packaging solutions is driving expansion within Asia Pacific markets. Prominent players in the region's metal cans market include:
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Swan Industries (Thailand) Limited
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Ball Corporation
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Crown Holdings, Inc.
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CPMC Holdings Limited
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Kian Joo Can Factory Berhad
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BWAY Corporation
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Silgan Containers
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Dongwon Group
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Lohakij Rung Charoen Sub Co., Ltd.
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Poonsub Can Co., Ltd.
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Sunrise Group Co., Ltd.
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ORG Technology Co., Ltd
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Delta Seikan Corporation
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CANPACK
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Baosteel Group
Asia Pacific Metal Cans Market Report Scope
|
Report Attribute |
Details |
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Market size value in 2022 |
USD 14.23 billion |
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Revenue forecast in 2030 |
USD 23.87 billion |
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Growth Rate |
CAGR of 6.6% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Historical data |
2017 - 2021 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Volume in million units, revenue in USD million and CAGR from 2022 to 2030 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, trends |
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Segments Covered |
Material, Product, Type, Closure Type, Application |
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Country Scope |
China, Japan, South Korea, Indonesia, Thailand, Vietnam, Philippines, Malaysia, Singapore |
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Key companies profiled |
Swan Industries (Thailand) Limited, Ball Corporation, Crown Holdings, Inc, CPMC Holdings Limited, Kian Joo Can Factory Berhad, BWAY Corporation, Silgan Containers, Dongwon Group, Lohakij Rung Charoen Sub Co., Ltd., Poonsub Can Co., Ltd., Sunrise Group Co., Ltd., ORG Technology Co., Ltd, Delta Seikan Corporation, CANPACK, Baosteel Group |
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Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Asia Pacific Metal Cans Market Segmentation
We provide a comprehensive forecast of regional revenue growth and industry trends in the Asia Pacific metal cans market from 2017 to 2030. Our research delves into the sub-segments, offering in-depth analysis of the latest opportunities and developments across various material types, product forms, closure styles, applications, and geographic regions.
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Material Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030) )
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Aluminum
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Steel
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Product Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)
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2-Piece Draw Redraw (DRD)
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2-Piece Drawn and Ironed (D&I)
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3-Piece
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Closure Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)
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Easy-open End (EOE)
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Peel-off End (POE)
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Others
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Application Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)
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Food
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Vegetables
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Fruits
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Soups & miscellaneous foods
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Other Foods
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Beverages
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Carbonated soft drinks
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Alcoholic beverages
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Fruit and vegetable juices
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Other Beverages
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Others
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Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)
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China
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Japan
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South Korea
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Indonesia
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Thailand
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Vietnam
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Philippines
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Malaysia
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Singapore
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