Global Tubes And Cans Market - 2024-2031

Overview

Global Tubes and Cans Market reached US$ 75.5 billion in 2023 and is expected to reach US$ 117.6 billion by 2031, growing with a CAGR of 5.7% during the forecast period 2024-2031.

Growing urbanization is one of the major reasons why companies are increasing metal can and container production capacity. Furthermore, the penetration of organized retail is causing market actors to increase their capacity. The government is launching steps to cut raw material prices and improve local availability.

For example, in May 2022, the Government of India eliminated customs duties on importing some raw materials needed in the steel industry, such as ferronickel and coking coal, lowering costs for the domestic sector and prices. In addition, the duty on iron ore exports was raised to 50% and on a few steel middlemen to 15%. Private and government entities are driving the development of tubes and cans.

In 2023, North America is expected to be hold over 1/4th of the global tubes and cans market. Companies in the region are expanding their reach to achieve a larger market share. Many medium-sized enterprises in this region's tube packaging market are eager to meet consumer demand. Due to their simplicity of manufacture and printing, lamination tubing and extruded plastic tubing have become the favored materials in the region, driving the market demand.

Dynamics

Rising Demand of Metal Cans from Food & Beverages

One of the most common applications for metal cans and containers is in the food and beverage industry. Steel is typically used to manufacture hard cans, whereas aluminum is used to produce thin and lightweight cans. Tin cans are made of nearly all steel that has been coated with a thin layer of tin to prevent corrosion from food. The market is experiencing substantial rising trends related to the food industry. For example, India is a significant exporter of agricultural and processed food items.

In accordance with the Ministry of Commerce & Industry, despite COVID-19 restrictions, mainly due to the second wave of the pandemic, agricultural and processed food product exports experienced a solid increase of 44.3% in 2021-22 (April-June) compared to the equivalent period in 2020-21. The country's strong export activity produced a requirement for keeping processed foods, resulting in the demand for metal food cans.

Growing Demand for Sustainable Plastics

Plastic tubes are used in a variety of industries, including cosmetics and personal care, food and pharmaceuticals, among others, which reduces transportation costs and energy waste. The form of packaging also maintains product safety and increases shelf life. As convenience and hygiene become more important across regions, demand for plastic tubes is increasing, particularly in the cosmetic business.

Nonetheless, sustainable packaging has resulted in considerable plastic recycling and material technology breakthroughs, allowing for the development of environmentally acceptable plastic packaging alternatives. The European Union and the American Chemical Council's Plastics Division have recently declared plans to utilize 100% recyclable, reusable and biodegradable plastics in their respective regions by 2025 and 2040. Regulations are projected to shape the tubes and cans market over the forecast period.

Environmental and Regulatory Concerns

Increased environmental awareness and laws aimed at decreasing plastic waste present a threat to the tubes and cans sector. Plastic tubes and cans, in particular, may receive attention due to their environmental impact, resulting in calls for alternative packaging or enhanced recycling efforts. When compared to alternative packaging options, some tubes and cans have limited shelf life and durability.

Aluminum cans, for example, are prone to dents and scratches, whilst plastic tubes may not provide as much protection from external influences like light and oxygen. Compliance with regulatory regulations and safety standards poses a difficulty for tube and container makers. Food safety, product labeling, material sourcing and recycling regulations vary by location and may need investments in testing, certification and documentation to ensure compliance.

Segment Analysis

The global tubes and cans market is segmented based on type, material, end-user and region.

Rising Demand for Bevearges Cans the Segment Growth

Food and beverages are expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. Alcoholic beverages in metal cans have grown in popularity in recent years due to a variety of benefits and consumer preferences. Canned alcoholic beverages are often available in uniform quantity quantities, making it easy for consumers to track their alcohol consumption. It is especially significant for beverages containing a high alcohol concentration.

For example, Red Bull is among the most popular energy beverages in United States, with approximately 39.5% of the market. According to the most recent data given by Red Bull, the corporation sold 12.10 billion cans in 2023, up from roughly 11.60 billion the previous year. According to global count figures, the world's beer and soda consumption uses approximately 180 billion aluminum cans per year.

Geographical Penetration

Growing Demand for Convinience Food in Asia-Pacific

Asia-Pacific is the dominant region in the global tubes and cans market covering more than 35% of the market. Manufacturers in the region are exploring options such as eco-friendly tubes & cans and recyclable metals. The robust growth of convenience businesses, such as coffee and snack shops, retail enterprises and hospitality, is predicted to drive the demand for tubes and cans.

The spread of modern convenience stores and supermarkets in the region has accelerated, which is expected to boost the global tubes and cans industry. For example, in July 2022, WinCommerce, a retail behemoth, planned to establish hundreds of new supermarkets and convenience shops in Vietnam to meet the rising demand for convenience food goods and accelerate the expansion of its market share in the country.

Competitive Landscape

The major global players in the market include Amcor Plc, Albea Group, Essel-Propack, TUBEX GmbH, CCL Container, DS Containers, Shining Aluminum Packaging, Ardagh Group, Bharat Containers and Linhardt.

COVID-19 Impact Analysis

The epidemic has raised consumer awareness of health and safety concerns, driving up demand for products with tamper-evident seals and secure packaging. Tubes and cans with tamper-resistant lids and hygienic dispensing mechanisms are in high demand. It resulted in changes in consumer behavior, with a preference for packaged and shelf-stable products. It has raised demand for canned meals, beverages and personal care items, pushing sales of tubes and cans.

COVID-19 orders caused a surge in demand for food cans as customers stocked up on canned items. The demand for beverage cans has increased as people shift from socially confined locations such as pubs and restaurants to more private settings such as their own homes. Furthermore, several governments encourage the usage of aluminum cans. For example, in January 2021, the Ministry of Natural Resources and Environment and Ball Corporation collaborated on a campaign to promote the usage and recycling of beverage cans in Vietnam.

Russia-Ukraine War Impact

The conflict between Russia and Ukraine affected regional manufacturing operations, perhaps resulting to a shortage of production capacity for tube and can makers. Reduced output or plant shutdown in conflict-affected areas disrupted global supply chains, resulting in supply and demand mismatches for tubes and cans. It has hurt the operations of the metal packaging sector and their aluminum and steel suppliers in both Ukraine and Russia, with an international impact on the can production market.

New records are being established for the international price of aluminum, which is up 28% in 2022, reaching US$ 3,849 per ton on 4 March before settling back to US$ 3,398, roughly level with the price following a jump on 24 February, immediately after the invasion began. Furthermore, current attempts, especially involving the Russian metal packaging sector and suppliers working towards aluminum decarbonization, have been interrupted.

By Type

• Tubes
  • Squeeze Tubes
  • Twist Tubes
• Cans
  • Aerosol Cans
  • Rigid Cans

By Material

• Aluminum
• Plastic
• Paperboard
• Steel
• Others

By End-User

• Cosmetics
• Home and Personal Care
• Food and Beverage
• Pharmaceuticals
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In 2023, Vinca has introduced a new series of organic wine varietals from Sicily in 187 mL cans from Ardagh Metal Packaging. Vinca's wines have won honors in UK, gotten lists from British Airways and Planet Organic and are shipped to more than ten countries globally.
• In 2023, Crown Holdings Inc. has completed the acquisition of Helvetia Packaging AG, a beverage can and end production facility in Saarlouis, Germany. Crown will take over Helvetia's existing client base, associated contracts and 200 current staff.
• In 2022, Sonoco, one of the world's top sustainable packaging firms, announced the completion of its acquisition of Ball Metalpack, a global leader of sustainable metal packaging for food and home items and North America's largest aerosol can producer. Ball Metalpack was a joint venture held by Platinum Equity and Ball Corporation.

Why Purchase the Report?

• To visualize the global tubes and cans market segmentation based on type, material, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of tubes and cans market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global tubes and cans market report would provide approximately 62 tables, 55 figures and 197 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies