India Metal Cans Market Size (2024 - 2029)

The Indian metal cans market is poised for significant growth, driven by increasing urbanization and the expansion of organized retail, which are prompting companies to enhance production capacities. The market's expansion is further supported by the rising demand for sustainable packaging solutions, particularly in the food and beverage sectors, where metal cans offer advantages such as high recyclability and protection against contamination. Despite the relatively low per capita consumption of cans in India compared to other countries, the market is expected to grow as consumer preferences shift towards hygienic and environmentally friendly packaging options. The geopolitical landscape, including the impact of the Russia-Ukraine war, also plays a role in shaping the market dynamics.

Market Size of India Metal Cans Industry

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India Metal Cans Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 14.00 %
Market Concentration Low

Major Players

India Metal Cans Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Metal Cans Market Analysis

The Indian metal cans market is expected to register a CAGR of 14% over the forecast period. Packaging ideas and materials that can address the safety and hygiene concerns of consumers while reducing the risk of virus contamination gained popularity during the COVID-19 pandemic in India. Because of their chemical characteristics, metal cans are anticipated to become more popular. Further, the Russia-Ukraine war has an impact on the overall ecosystem of the market.

  • Increased urbanization is one of the significant reasons that are prompting companies to increase metal cans and container production capacity. Moreover, the penetration of organized retail is also compelling market players to ramp up their capacity.
  • Tin and aluminum are the two different types of metal cans available in the market. Beer and other alcoholic beverages are often packaged in aluminum cans, whereas all other goods and juices are packaged in tin cans. The food processing sector in India is heavily pushed by the government and has the potential to contribute significantly.
  • The high recyclability of metal cans is one of the significant drivers for the market's growth. Aluminum cans deliver protection against moisture. They do not rust and are resistant to corrosion, as well as provide one of the most extended shelf lives than any other packaging. It also offers many benefits, such as rigidity, stability, and high barrier properties.
  • Despite India being the third largest producer and consumer of aluminum globally, the penetration of aluminum in the packaging segment is lower than the global average owing to high costs. There could be a potential proliferation in the packaging sector with growing health consciousness owing to aluminum's hygienic properties and the boom in the pharmaceutical industries. According to CRISIL, as of 2020, the demand from the packaging segment for primary and secondary aluminum (i.e., recycled aluminum) volumes were 6-8% and 6-7%, respectively.
  • The demand for can-packed products, especially food and beverage products, is expected to rise sharply due to the increasing emphasis on recycling and sustainable solutions. India has a very low can consumption compared to other countries. According to Ball Beverage Packaging, per capita can consumption in India is approximately one per annum, while it is nearly 40 in China and about 70 in Vietnam. Consumer behavior and safety concerns in the wake of the COVID-19 pandemic were fueling the demand for aluminum cans in India.

India Metal Cans Industry Segmentation

Metal cans are well suited for the mobile lifestyle of the consumer as they can be carried or transported easily to outdoor events, festivals, and beaches. In contrast, glass is typically forbidden because of its breakability. Additionally, the affordability and recyclability of cans, the rising popularity of energy drinks, and the launch of new goods all contribute to the growth of the market studied. The study tracks the consumption in the market considering the revenue generated from sales of metal cans in the domestic market.

The Indian metal cans market is segmented by type (aluminum, steel) and end user (food, beverage, cosmetic and personal care, pharmaceuticals, paints, automotive). The market sizes and forecasts are provided in terms of value in USD million for all the above-mentioned segments.

By Type
Aluminum
Steel
By End User
Food
Beverage
Cosmetic and Personal Care
Pharmaceuticals
Paints
Automotive (Lubricants)
Other End Users
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India Metal Cans Market Size Summary

The Indian metal cans market is poised for significant growth, driven by increasing urbanization and the rising demand for convenient packaging solutions. The market is experiencing a shift towards metal cans due to their safety, hygiene, and recyclability features, which have gained prominence post-COVID-19. The market is moderately fragmented, with key players like Ball India, Oricon Enterprises Limited, and Hindustan Tin Works Ltd. actively expanding their operations. The government's initiatives to reduce raw material costs and enhance domestic availability further bolster the market's growth prospects. The food and beverage sectors are major consumers of metal cans, with aluminum cans being particularly popular for their moisture protection and corrosion resistance.

The demand for metal cans is also fueled by the growing popularity of energy and sports drinks, as well as the increasing consumption of canned foods due to their convenience and cost-effectiveness. Despite India's lower per capita can consumption compared to other countries, the market is expected to expand as consumer preferences shift towards sustainable and eco-friendly packaging solutions. The export of processed food products and the government's support for the food processing sector are additional factors driving the demand for metal cans. As global players recognize the potential of the Indian market, investments in production capacity and technological advancements in packaging are anticipated to further enhance the market's growth trajectory.

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India Metal Cans Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Porters Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of New Entrants

      5. 1.2.5 Threat of Substitutes

      6. 1.2.6 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of COVID-19 Impact on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Aluminum

      2. 2.1.2 Steel

    2. 2.2 By End User

      1. 2.2.1 Food

      2. 2.2.2 Beverage

      3. 2.2.3 Cosmetic and Personal Care

      4. 2.2.4 Pharmaceuticals

      5. 2.2.5 Paints

      6. 2.2.6 Automotive (Lubricants)

      7. 2.2.7 Other End Users

India Metal Cans Market Size FAQs

The India Metal Cans Market is projected to register a CAGR of 14% during the forecast period (2024-2029)

Casablanca Industries Pvt. Ltd, Oricon Enterprises Limited, Can-Pack S.A., Ball Corporation and Hindustan Tin Works Ltd. are the major companies operating in the India Metal Cans Market.

INDIA METAL CANS MARKET Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)