In
the early 1990’s, the metal can manufacturing industry experienced
a huge leap in demand for its products due to three major reasons:
rising costs of existing materials used in the packaging industry,
major improvements in metal can manufacture along with slight cost
reductions and the end of the cold war which opened up new and
emerging markets in the Asia-Pacific region. Add to this the fact
that metal cans could be easily recycled and re-used in an
in-expensive manner by simply melting the waste. Metal can
manufacturing thus became an industry within an industry and started
generating huge revenues. As a growing market within the food and
beverage industry, metal cans occupy about 70% of the metal packaging
segment around the world.
The
packaging industry can be broadly classified into food and beverage
packaging and non-food packaging. Of these, the food and beverage
packaging segment is further divided into metal packaging, polymer
packaging, cardboard and reinforced paper, glass bottles and others.
Metal cans are the major component of the metal packaging segment and
are further available in different forms for use in beverages, canned
food, pet food and others.
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Full Food and
Beverage Metal Cans Market
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Some
of the major factors driving the metal cans market are the increasing
spending power in developing countries of the Asia-Pacific region,
growing demand for beverages around the world, increasing interest in
the packaged foods segment from developing countries for convenience
of storage and use and other such reasons. The main restraining
qualities of the metal can packaging industry is the still-prevalent
human perception of wanting “fresh & organic foods and
beverages,” the ready availability of glass and cardboard as
alternatives to metal cans and environmental concerns due to improper
recycling standards and non-implementation of recycling methods in
most of the developing countries.
The
metal cans industry has been innovating continuously to improve their
products. Initially tin was the major metal used in can production
which was then replaced by steel and aluminum. With the introduction
of steel and aluminum, the ever-increasing safety and hygiene
parameters were satisfied and this led to a boom in the metal cans
market. Opportunities for R&D gave rise to different designs and
structures of cans, the most notable of which are the 3-piece metal
cans which are considered as one of the safest and most reliable
design and present new market avenues in the Asia-Pacific region.
Moreover,
perishable foods can now be stored for longer in these types of cans
and this could result in higher revenue for metal can manufacturers.
With high degree of competition among beverage companies,
personalized designing is also expected to pave the way for increased
sales in this industry. Some of the major players in the metal cans
manufacturing market are ALCOA INC., BALL CORP., CAN-PACK S.A., REXAM
PLC, SONOCO PRODUCTS CO., TOYO SEIKAN KAISHA LTD. and others.
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