The global cans market size is estimated to reach US$ 36.99 billion by 2023. Can manufacturers can expect a CAGR of 3.9% from 2023 to 2033. The cans market size is projected to reach US$ 54.23 billion by 2033.
The cans market is a sector within the packaging industry that focuses on the production and distribution of metal cans used for packaging various products. Cans are widely used for packaging food and beverages, such as carbonated drinks, beer, canned fruits, vegetables, and processed foods. They are also utilized for packaging non-food items like chemicals, paints, and aerosols.
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Cans are typically made from aluminum or steel, with each material offering unique properties and benefits. Aluminum cans are lightweight, recyclable, and have excellent barrier properties, which help to preserve the freshness and quality of the packaged products. Steel cans, on the other hand, are more robust and are commonly used for products that require a higher level of protection, such as canned goods with higher acidity levels or those subject to extreme temperatures during processing.