Due to economic and social factors around the world and the promotion of environmental awareness, the popularity and demand of metal tin box packaging is growing. The main sector driving demand is the food and beverage industry.
Canned food is still in demand
Among all the different kinds of metal packaging, such as cans, bottles, barrels, lids and lids, the most popular one has always been cans. This trend will continue in the next few years. By 2026, the global canned food market is expected to grow by 4.8%, valued at US$101,993 million. The demand for two-piece cans is expected to grow rapidly, followed by three-piece cans.
Aluminum, tin (tinplate) and steel are commonly used metals in the manufacture of cans, accounting for one-third of all metal packaging. Aluminum is expected to become a material widely used in the manufacture of cans in the future.
New market areas
Despite the importance of canned food, the aluminum packaging industry has been boosted by the growth of non-traditional markets. Aluminum packaging is becoming more and more popular in the wine market. They are now the most popular of all wine bottle caps and are used in 30% of wine bottles. This trend is particularly evident in the world's largest wine markets-Europe and the United States. Since young people prefer aluminum screw caps because they are easy to open and reclose, people's preference for convenience is driving this emerging trend.
Cans are widely used in food, beverages, cosmetics, medicines, paints, etc. Although the main demand on a global scale is the food and beverage industry, there are regional differences. In North America and Latin America, Europe and Japan, the main use of canned food is for beverages and processed foods. In the Asia-Pacific region (APEJ) outside of Japan, canned food is used for packaging oil, while in the Middle East, canned food is used for non-food uses, such as cosmetics, pharmaceuticals, and industrial products.
APEJ is expected to become the leading market for canned food by 2022, valued at US$27.456 billion.
Expanding the global food and beverage industry
The global increase in demand for ready-to-eat and packaged foods and beverages, especially alcohol and non-alcoholic beverages, is creating a new market for metal cans.
Emerging global markets
The United States has always been and remains a large market for metal packaging. However, the increase in disposable income and urbanization in many developing countries in the world, especially in the Asia-Pacific region, is the reason for the increased demand for packaged food and beverages. China, India and Brazil are countries where demand for canned food has led to an increase in the use of metal packaging. It is estimated that by 2022, China will become a big market for canned food and canned food.
Europe is known for its safe food production and is an important exporter of food and specialty products. It is very popular in other countries. European food exports have doubled in the past decade.
In addition, the common EU market and policies support the easy circulation of goods within Europe, ensure an effective food supply chain and improve market access. The penetration rate of the European food, beverage and alcoholic beverage market is expected to grow from 12% in 2018 to 16% in 2022. Even if these figures include fresh food, there is still a lot of room for metal packaging (especially beverages) to increase. By 2022, the food and beverage market is expected to reach 38.699 billion U.S. dollars, a revenue increase of 8.7% compared to 2018.
All these growth in the food and beverage industry will drive the demand for metal packaging, as the EU is promoting aluminum packaging to achieve a circular economy.
Compared with plastic cans, aluminum cans are considered to be more environmentally friendly. In Europe, its recycling rate exceeds 70%, and the disposal of plastics poses a huge challenge to global cans. In addition, the chemical migration of plastic food and water containers and internal plastic coatings in cans has potential health effects on the human body, which has attracted great attention.
The company tries to beat competitors by building a brand that represents sustainable development. These companies are moving away from plastics and using new metal cans with healthy inner coatings. For example, the water sales industry in the Nordic countries chose metal cans because they are healthier and more environmentally friendly.
From consumers, product manufacturers to the packaging industry, aluminum, tinplate and steel packaging are becoming more and more popular at all levels of the economy. As the demand for healthy metal packaging has grown, so has investment in innovation in this area. In addition to environmental protection, this in turn can produce packaging materials that meet consumer needs and tastes.
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