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Can Packaging Market Trends

Report ID: GMI12454
Published Date: Nov 2024
Report Format: PDF

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Can Packaging Market Trends

A prominent trend in the can packaging industry is the integration of sustainable and innovative materials to enhance environmental performance. Manufacturers are exploring alternatives such as recycled aluminum and biodegradable coatings to reduce the environmental impact of packaging. This trend is driven by the growing demand for eco-conscious solutions from both consumers and businesses. Additionally, advancements in printing and labeling technologies are enabling brands to create more vibrant and engaging packaging while using fewer resources. These innovations not only help reduce waste but also align with the increasing emphasis on sustainability across industries.

For instance, in July 2024, AkzoNobel launched the Securshield 500 series, a next-generation coating solution for food cans that is free from bisphenols and PVC. This innovation supports sustainability and regulatory compliance, offering improved performance over existing alternatives. It integrates seamlessly into existing manufacturing processes, providing flexibility and cost benefits to food can manufacturers.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for can packaging was valued at USD 55.5 billion in 2024 and is projected to reach USD 89 billion by 2034, driven by a CAGR of 4.8% from 2025 to 2034.

The aluminum segment is expected to reach a value of over USD 55 billion by 2034, driven by its recyclability and energy efficiency.

North America held over 25% of the global market in 2024, driven by increasing consumer demand for sustainable packaging and advancements in can technology.

Major players in the industry include Ajanta Bottle, Ardagh, Ball Corporation, Bikaner Polymers, CANPACK, Casablanca, Crown, Daiwa Can Company, and Fibre Foils.